Can I learn trading in one year?

You will need to be patient and be ready to work hard. For learning swing trading, it takes at least 6 months and for intraday trading, at least a year. So don’t get discouraged by the time required because this is a skill that will make you money for the rest of your life.

What should I learn for day trading?

• Knowledge Is Power.
• Set Aside Funds.
• Set Aside Time, Too.
• Start Small.
• Avoid Penny Stocks.
• Time Those Trades.
• Cut Losses With Limit Orders.
• Be Realistic About Profits.

How long will it take to learn day trading?

Originally Answered: How long does it take to learn day trading? It will take about three years of trading before someone can become a consistently profitable commodity trader. One must absorb lots of fundamental and technical research and experience before achieving a level of competency.

How many hours a day do day traders work?

As a professional day trader since 2005, I spend 2 hours per day taking day trades. My trades last several minutes each, and I take on average 3 to 4 trades per day in that 2 hour period. Assume an extra 3 to 4 hours per week of review, prep, and improvement exercises.

What are the most important things to keep in mind when trading?

The most important thing is to keep track of a simple and working flow, then you can add the jewelry, on top of a strong skeleton. Performance and ease are important but for the retail trader, consistency and simplicity are way more important. Being profitable for 6 months is nice, but you can always lose more than the couple of previous months.

How do you explain Alpha to people with no trading experience?

If somebody with no trading experience asks you how you make money, you must be able to explain it in couple of sentences, otherwise, you are not making money. Prior to that I used to explain people how fancy my Machine Learning flows are, without being able to explain the alpha.

How do you buy stuff in the supermarket?

You go to the supermarket to buy stuff. Here is your market (exchange). Prices are your bid-ask-spreads (level 1). You can only buy (ask), but the supplier can also sell (bid). The supply at the back of the supermarket is level 2. The cashier is your order-book.

Is a CS 101 degree good enough for trading?

In markets, a CS 101 probability and statistics is good enough for a profitable strategy. If somebody with no trading experience asks you how you make money, you must be able to explain it in couple of sentences, otherwise, you are not making money.

https://www.youtube.com/watch?v=pQ7zrd3NwZY