I'm not sure if I understand your question….
Are you asking if its possible to have a career in day trading?
Sure, you can be a stock broker…
Or
Are you asking, if you can make a living (support yourself), by trading stocks.
In this case, I would say probably not.
Even professionals that have spent their lives studying the stock market have trouble predicting changes. What hope does that give to an average person? Furthermore stocks are meant to perform well in the 'long run' and not from day-to-day.
I suppose its possible to make constant gain if you index the 'entire market', however it probably won't be enough to let you quit your day job.
Are you asking if its possible to have a career in day trading?
Sure, you can be a stock broker…
Or
Are you asking, if you can make a living (support yourself), by trading stocks.
In this case, I would say probably not.
Even professionals that have spent their lives studying the stock market have trouble predicting changes. What hope does that give to an average person? Furthermore stocks are meant to perform well in the 'long run' and not from day-to-day.
I suppose its possible to make constant gain if you index the 'entire market', however it probably won't be enough to let you quit your day job.
November 23rd, 2009 at 7:12 pm
Of course you can make a living! With the right know how (and not as complex as people make out) and some education (See Pristine.com I follow thier trading strategies and it works!). I consistently make 15% per month, and therefore if you have 50K spare or more then yes, you can make consistend profits. You need to be disciplined, prepared for several tight months, don’t overtrade, and have great basics (support/resistance, and reversal signs). Don’t let pessimists or those who don’t really know put you off. Where would any great inventor or pioneer be if we listened to the critics. But just do your homework, get some training, don’t leverage until your very good, start small, keep great records to see what you did wrong etc. You can do it as I am!
Regards
Andrew Hill