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I think it's a fair question, although most in this group would take it as
an article of faith that with proper entry, risk containment and money
management, particularly in the area of taking profits when they are
present, it is possible to be successful for a period of time going short
and long as appropriate in a single active market. But how long a survival
period is defined as "making it" in this business?
What does tend to happen is that the successful fulltime trader of 3 years
hits a soft spot in year 4, or the trader who did fine for 10 years has a
decline for 3 years in another kind of market, and it takes away his
confidence and he gets his real estate license or goes back into some other
entrepreneurial endeavor.
Traders today who have been in the biz for 40 years are all insiders because
that's the only kind of trader there was 40 years ago. We don't really know
if you can last from 20 years old to 60 years old with nothing but an online
trading account and some trading software. There isn't enough historical
data yet!
NorCalTrader
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