There is nothing wrong with having that fantasy in the back of your mind that you're going to learn to trade and quit your day-job and make millions. It's human nature to think that way. But…it sets you up for disappointment before you even get started. In my experience a much more realistic goal is to earn a respectable return in a modest sized account with the long-range plan of eventually becoming a master trader. This goal is sound for two very important reasons. First you realize that this will take time. An undergraduate degree takes 3 to 4 years, so it would seem unlikely you will become proficient at trading in a month. And even more important the goal of a respectable return in a modest account does not conflict with your current life and work. If you are going to be successful you need to eliminate any potential conflicts ahead of time. Thinking you need to learn how to trade so you can quit your job will create conflicts you have not considered. Learning and then becoming proficient at a trading method that produces results in up and down markets and every environment in between will take patience and time, and knowing this upfront will help you maintain a realistic pace, and peace of mind.
Jay Norris is the author of the best-selling: The Secret to Trading: Risk Tolerance Threshold Theory. To see Jay highlight trade set-ups and signals in live markets go to: Live Market Analysis
Trading involves risk of loss and is not suitable for all investors.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.