what can I expect to make in my second year trading?

[rookie]

hello guys,

rookie here

I was wondering what I should be expecting to make approaching my second year of trading? I feel I'm on my way to leave the break-even days behind and to start becoming profitable soon. I know, trading is a hard endeavour, but what would be a realistic estimate of how much I should be making?

thanks

[ProTrader]

as much as you can

[MomentumTrader]

Originally Posted by rookie

hello guys,

rookie here

I was wondering what I should be expecting to make approaching my second year of trading? I feel I'm on my way to leave the break-even days behind and to start becoming profitable soon. I know, trading is a hard endeavour, but what would be a realistic estimate of how much I should be making?

thanks

how much you should make in your second year trading is highly subjective. There is no official traders' take home pay figure. It depends on so many variables. Your trading expertise, your trading capital, the markets you trade, the trading strategies you use, are only a few.

But one thing I can tell you: I congratulate you on getting over your first year of trading, as reports say most new traders fail during that period of time. keep doing what you are already doing, as you must be doing something good

[rookie]

Originally Posted by MomentumTrader

But one thing I can tell you: I congratulate you on getting over your first year of trading, as reports say most new traders fail during that period of time. keep doing what you are already doing, as you must be doing something good

you know, you are not the first one saying this. Maybe I should already be happy for getting past my first year…..

[daytraderB]

new traders are often preoccupied with how much they should be making in their first couple of years into trading. I think the best answer would be: assume 0 or negative. The trading business is becoming harder and harder due to markets constantly evolving. study study and study. concentrate on always looking for new edges so you won't be unprepared when they stop working. money will come.

[FabMav]

making money is only part of the game. Passion for the markets is what should drive traders. Then, capability to adapt to changing market conditions is what allows to get to the final step: making money.

[rookie]

thanks for your precious insight everybody

[Alchemist]

if you are able to trade for a year without losing any money then you are off to a very good start. The concept of capital preservation should probably be already quite clear to you by then. In your second year, you can move on to actually making money and grow your trading stake.

[rookie]

thanks alchemist