How Long Till I Become Consistently Profitable?

In reality, I have no idea, and no other mentor/trainer does either. Why? Becoming consistently profitable depends upon the following;

a) how much time you can dedicate to this

b) your experience/skill level

c) how fast you will digest it

d) your psychological and emotional disposition (trading mindset)

e) how disciplined you are in following the rules

f) how the market will be in the future

There is probably more, but based on all this, how can I give you a specific answer?

Now, I’ve had students do this in a couple months. Some took six months, others took a year or more. In all honesty, there is no way for me to know or answer this specifically.

Insight:

For some reason, when people approach trading, they seem to have a general myopia about the learning process.

Imagine walking into a martial arts school and asking, ‘how long till I become a black belt?‘ Or a beginner walking into an archery school asking the head teacher ‘how long before I can consistently hit the bullseye?‘

Would you really walk into any of these schools and ask these same questions? Does any of the above scenarios make sense to you?  I’m guessing not, so ask yourself why you feel trading is different?

I understand why you are asking this question – I really do! But this is not the question you should be asking.

What you should be asking is the following question:

“What are the skills I need to become a consistently profitable trader”

This same type of question can be asked in any of the above scenarios and would be totally appropriate to ask. In fact, they would actually speed up the learning process for you if you approached your training this way.

Food for thought.