Average Rate of Return for Day Traders

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I was a day trader for many years and it almost killed me. I made money by making profits on my own money and also taking a percentage of the profits for the people I traded for. I did this from to I learned about day trading but I also learned a lot about myself and what I was good at, what I was horrible at, and what I was psychotic at.

Things that had nothing to do with day trading. Day trading is the best job in the world on the days you make money. You make a trade, then maybe 20 minutes later you are out of the trade with a profit, and for the rest of the day you think about how much day trader salary you made. I would make a trade, it would go against me, and then I wanted my heart to stop so my blood would stop thumping so loudly.

All of these lessons I will certainly use today, many years after I stopped day trading. This applies not just to trading but everything. You could be day trader salary for 10 years and the next thing you know you are divorced and you would not have predicted that. You could be healthy all your life and drink your vegetables and exercise and reduce stress, and a year later you could be dead from cancer.

You can always seek to increase the odds in your favor. But certainly a path to unhappiness is thinking the future can be predicted and controlled.

A hundred percent of opportunities in day trader salary are created because people are uncertain about almost everything in their lives. We are constantly trying to close the enormous gap between the things we are certain about and the things we are uncertain about, and day trader salary every invention, product, Internet service, book, whatever has been created to help us close that gap.

Sometimes this is hard. If your husband betrays and leaves you, you often feel like crawling on the floor and burning all the self-help books. You can say it something inside of yourself. Some day trader salary take too many risks and they go bankrupt.

This happened to me. But then I would take big losses and that would wipe out all my profits. The key is that you can take larger and larger risks if you work on better and better ways to deal with those risks.

For instance, I might be able to risk marrying someone if I know she is not a hard-core drug addict who regularly betrays the people she is close to. I can risk driving without a license if I always stay below the speed limit I know this is a stupid risk, but still. How can I get that job?

When I was raising money to day trade, I probably contacted over 1, people. When I was starting an Internet business I started over a dozen Internet businesses and watched all of them fail but one. When I was trying to day trader salary my Internet business I contacted over a dozen companies although Google broke my heart — damn you Google!

When I wanted to get married, I went on lots of dates. She would only go to tea with guys. Within the first day trader salary seconds you know if you are attracted. So keep it to a tea. But this is day trader salary a mental bias. Say no to it. Day trader salary trading pulls everything out of you. It sucks the soul out of your body, blends it up, and then explodes. So you have to take care of yourself. Day trader salary obviously, this applies to everything else in life.

Every day, what small thing can you do to become a slightly better you? The only way to survive day trader salary to laugh.

Guy makes a trade. The market goes against him. And then he loses all his money and goes crazy. The market is never crazy.

The world is never crazy. And I will go so far as to say that your girlfriend who just lied to you about where she spent the night is not crazy. I only care about you. Good and bad days happen. But life is about a billion little moments that add up to all the day trader salary around you. If you let one of those moments have too much control then you are bound to be mostly miserable.

I was mostly miserable during the period I was day trading. I let that aspect of my life take control. So I stopped focusing on being a good husband, a good day trader salary, a good friend, a good anything.

I would have day trader salary. I would lose sleep. I would wake up many mornings and go to the church across the street so I could be by myself and pray. What would I pray? So what makes anyone think they will have an edge? How many people listen to me? Because people are sick of their lives, their relationships, their jobs, and all the lies that have been told to them ever since they learned how to walk.

Day trading is the dream. You can make enough money to not care. To do it from anywhere. Most people think they have that one special something that will make it work for them. You can day trader salary right to the being happy part. You can skip right to being free. But we never learned that. We were taught we had to do something first to earn freedom. We were taught that suffering was the currency to buy happiness.

Okay, day trader salary do it. Then cry about it. Then curse the craziness. None of that will make you happy. Then read day trader salary blog post again. Not because it will make you happy. But because I like when people read my posts. I was a day trader for many years, and it almost killed day trader salary. I did it for years, though, because I was unemployable in every other way.

Everyone thinks they can. B Hope is not a strategy. I hope that every day my life goes perfectly. C Uncertainty is your best day trader salary. D Taking risks versus reducing risk. You have to decide every moment if this is the situation you want to be in.

All of my other constituencies went to hell. Nobody answered my prayers. They want freedom from the BS.

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What's the average day trader salary or income? I've had people and visitors to my site ask me this question? I've already mentioned that most aspiring day traders don't make money, at least not until they pay their dues with time, effort and for some -- a lot of money.

But, for the beginners here, what I'm referring to on this page is what is reasonably possible for an experienced day trader with a six figure day trading account to make from their own home office. There's no one answer I can give for the average day trader salary. You can't look it up like you can with say My only intent here is to show beginners how money can be made day trading and how if done well, account size can increase very quickly.

Like any other profession, it depends on the skills of the individual, but in day trading there is no one that can limit your growth as a trader Can you say that about your occupation? It is possible that your methods or techniques could be limited by the market. For instance, if you were making good money trading a certain strategy with thinly traded, low volume stocks, it's very possible that your strategy could run up against a profit ceiling very quickly due to your own trades moving the market and causing significant amounts of slippage.

I give some tips on how to avoid having that problem on my Best Day Trading Stocks page. Basically, higher volume stocks are better to trade as your stock day trading account gets larger. Higher volume usually equals higher liquidity, which means less slippage. That's why I think if you're looking into becoming a day trader, you should only consider trading methods that have the potential for scaled up growth. If the method can do well with 's of shares, it should hold up well with 's of shares as well.

A day trader's salary will only increase significantly with a potential to scale up in size of trades. Of course another way for a trader to increase their income is to trade more than one strategy at the same time, allowing for an account to be spread and diversified across different stocks and methodologies. Let's say for example, a novice trader with a small account decides to buy shares of GAS Nicor He's not stopped out on the trade and lets the trade run until GAS gives a bar close on the 5 minute chart below his trendline.

He then sells shares How much did he make on this one share day trade? And that's exactly what a novice should be doing -- keeping trade size low -- and that's after using a simulator. A day trader's salary or income is of course dependent on both experience and account size.

The larger the account size, the larger size you can trade and still be within position size parameters. Position sizing or trading money management is a concept I'll go over with you later, so don't worry about it for now. Lets take a look at an example below of a more experienced trader, making both Long and Short day trades within a larger trading account and making considerably larger trades.

She also happens to be a breakout trader and buys shares She later sells all shares at Her trading plan allows her to look for short trades as often as long trades on any given day.

She notices that M Macy's is looking weak as it approaches it's support line at 1: It's the same area that M broke out of in the morning, except this time she's going short.

She has a short entry What was her income for the day? Very nice, but maybe Macy's wasn't the only stock she traded. Maybe her account is big enough to trade five to ten other stocks that day as well using different strategies. I think you can see that her potential income for the day is very high compared to other occupations, but read further.

Maybe she had all winners that day or maybe she had some bad losers that more than wiped out all the profit she made on Macy's and then some. The point is a day trader salary can be huge for those that know what they're doing, but losses can be substantial for those that don't, especially if you allow your ego to trade with ridiculous position size that is far to high for your account size. This one mistake can bring your dream of having financial freedom and a hefty day trader salary to an end very quickly.

Don't let any big winning trades in the future go to your head. If you get into this game and start to do well, trade according to your plan within position size parameters. After a few winning streaks you will definitely be tempted to do otherwise. The key to a good day trader salary is trading with consistency and protection of your account.

Stay in the game long enough to enable yourself to grow your account and trade larger size with low risk. Only trade size that your account can handle or less. More on that later. The best way for me to explain this to beginners is to give some simple chart examples.