Day Trading Success Stories
It takes a physician about 10 years from time they enroll at college until they complete their residency and they are granted the right to practice general medicine.
If the individual wants to specialize in a field within the medical industry, they have to take additional classes, acquire another specialized degree and many more hours of hard work.
Because the stock market trading industry has no required college credits to obtain and no amount of required hours to participate in the market, many Beginner stock market investing professionals believe that making money in the market is easy.
The rationale might be: “well I don’t have to take any college classes and if I’m trading my own money, I don’t have to take the series 7 license.
If I read a few books and take a few weekend seminars, I will be just fine. Actually, I will be better than fine. I will be able to make a lot of money in the stock market.”
This is the dream that a lot of people have bought into and have found they are struggling to make money or even worse losing all their money in the stock market as a result.
Studies have shown that for the average professional to reach a stage of mastery or total success in their careers or hobbies, it usually takes an average of 10 000 hours.
So before you run away screaming, in order for you to consistently make money in the stock market you will need to start putting in those hours.
These hours can be in the form of education, trading demo, trading real money in you account, after hours market analysis, pre market stock trading analysis, weekend trades review and on and on.
We all have heard of the day trading success stories and how people made lots and lots of money in the stock market, however, we never hear of the horror stories, of how people lost all their money.
As humans, we are drawn to the day trading success stories and only want to know how the successful traders did it.
One important piece of stock market advice I can offer you is: decide today that in order to make it as a successful day trader or stock market investor, you are going to have to invest a minimum of 10 000 hours in your stock market career. Less than 10 000 hours is a recipe for failure.
Start Today on your Journey to being a Day Trading Success Story.
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