This is a great goal and one that is to be admired and respected. The passion, drive, and commitment that it will take to become a full time trader is not to be underestimated.
The very first thing that pops into my mind is what are you going to trade to help you achieve this goal?
Do you have a plan to get from point a to point b?
Better yet, do you have a WRITTEN trading plan?
Do you know your entry points, exit points, protective stops, and profit targets?
Do you have a plan on staying in the trade if everything goes your way?
Now, one thing is certain ... there are many educators out here that will be more than happy to take your money ... but do they truly have a trading method and total plan to get you where you want to go?
My experience with most trading/educators is a simple one of how much money do they want and how are they going to help me to achieve the goals that I have in front of me ...
When I started trading ... there were no shortage of instructors that could easily teach and train you a trading method/strategy for a price.
Perhaps, I have been down that road so many times and failed that I come from a different point of view. Now, with that being said, my way is not for everyone, but it works.
The best way to describe our TCB Crude Oil Trading Strategy is in the form of a story ...
Most of us remember the story of the tortoise and the hare ... who won in the end?
Was it the fast money ... or the slow consistent money?
Obviously, the answer to the children's story that we learned at an early age was that slow and steady wins the race.
Now if you can accept the simple truth of this statement, then you are heads and shoulders above most traders searching for the holy grail, and the get rich quick scheme.
Personally, I think a total trading strategy incorporates both phases of this story into a real life trading strategy.
Everyone that I have ever met enjoys the trades that have the possibility to bring in the big bucks ... the trade that swings for the fence!
The beauty of the TCB Crude Oil Trading Strategy is that I have developed a method that incorporates both of these conditions into the way you will trade and approach every trade.
Now to the question of what it takes to be a full time trader ... it really is a simple equation ...
The answer to this question is a simple one ... you want each trade you place to have the possibility of making the money you are looking to make each month.
For example, if you want to make $5,000 per month, then you want each trade that you place to have the chance to make this on each and every trade.
When you get to this point in your trading career, then you have arrived as a trader, in my humble opinion, and are a full time trader.
With that being said, there will come a point that you will be able to take on trading full time before the point mentioned above, but this varies from individual to individual based on each person's risk tolerance.
DISCLAIMER: U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
After 25 successful years trading for a living, I am giving back to those that need help in their personal day trading. My background was a trader for a major Mutual Fund Company before I went out on my own in 1997. I have been self employed ever since. I am the owner of Knight Capital Management, LLC. My current project that is entitled, "Power Profits Method." This will be a comprehensive, highly detailed "Tiger Trading Method." More details coming soon ...
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