The people who can consider themselves to be professional traders are excellent when it comes to timing within the stock market. However, this is extremely difficult as only six percent of aspiring traders actually make the cut as a pro. A large reason of this is that the market is near impossible to time correctly on a consistent basis. There are far too many up and downs. If someone is able to do it every time, they would be the richest man alive.
- There are hundreds of people who have lost a ton of money by trying to day trader.
- If you are going to engage in trading, make sure you have done some extensive research.
- Very few people actually make the cut in terms of being a professional trader as it is so unpredictable.
“I have met a number of people who had the passion for trading that found their way into the business by becoming money managers for others, working in a prop house where money was provided and/or being hired into a trading room. It takes an exceptional human being to make any of these three work without any money of their own.”