Some traders would say "I have been trading for 4 years and more"

[Localhostspeed]

As a trader, what is your take on this question,  how long is it supposed to take for someone to become profitable and successful in trading? People should know about this, so that after they have tried for such period of time and are not successful, they can quit.

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

I have seen successful traders and I can tell difference between the ones that says the truth and the ones that will say lies to get views and likes from their channels. What I validate first is if a trader says he has been trading in the last 4 years and does not show proof that he has been trading, I will assume they are lying and they don't have anything, they are just doing it for the likes and views. A trader with years of experience will show you their profits they have made over the years.

There is something we need to know again about traders. A trader can be doing well making profit and one day he can make a mistake and can lose everything they have made over the years. There was one trader I followed on YouTube, man was making money an all that but one day loss everything he has made in trading but gradually bounce back, it took him three years to get reach the same level after trading for 8 years, these are some things they don't share with you in trading.

[Gozie51]

So, some of these social media self acclaimed successful traders are saying that they were persistently trading for more than 2 years and were unprofitable but later on, maybe on the 4th or 5th year, they now started being profitable till date. What is your opinion about such speech from those traders, do you believe is true or they are just lying?  

Well, I would have said they were lying if they say they have not messed up their money severally because that is sacrifice I hear from those in trading. But since he acknowledged that he lost money for two years, there is possibility that he got the answer to his trade experience and started making profit.

So I wouldn't say he is lying but what needs to be verified is the reality in the video he is making because some social media influencers could use scripts or pictures for demo account to display as if it were real.

However, years of experience doesn't really matter in trading. Again, every trader most have been in a losing streak until they understood what they are doing if they stayed to continue.

[yhiaali3]

It is not how much time you spend trading that matters, but what you learn, what experience you gain, and what successful strategies you learn. However, in general, it can be said that the more time you spend trading, the more experience and successful strategies you gain.

From my personal experience after years of trading, I have learned a lot from my past mistakes and learned successful strategies, but this does not mean in any way that you will be a complete winner even after many years of experience, because as we all know, the market is volatile and the direction may change unexpectedly at any moment.

[passwordnow]

It is not how much time you spend trading that matters, but what you learn, what experience you gain, and what successful strategies you learn. However, in general, it can be said that the more time you spend trading, the more experience and successful strategies you gain.

That's the general rule but not all with that experience wins in the end. There are a lot of traders who have failed themselves despite that having the knowledge, the experience and even with the capital. But no matter how willing and hardworking they are with all of the strategies that they've learned and the charts that they read, it's not everyone's cup of tea and that's the reality in trading. And the majority of the traders are actually losing and not winning.

[Franctoshi]

The hidden truth about being profitable in trading is that they don't tell you is that you learn from your experience, that's why there's no successful trader today that would come out boast of being successful without months and years upon years of blown trading accounts and in that process they were learning from those mistakes, patterns and events that caused them to lose money, such as not managing their risk, inpatient, bad trading psychology, that's not managing your emotions properly, and not using stops. A successful trader is one that's able to manage all these stuff, because every strategy works but your trading approach is what makes people profit or lose money.


That's why you will be very profitable this week or a particular month but get over excited about it and starts being greedy thinking you've known it all, then your results changes, same strategy but what changes is a different approach.

[shawonngp]

Expecting profit as soon as you start trading seems unrealistic to me, because a trader needs a lot of time to become successful, you have to learn slowly, and losses are high in the beginning. It is true, even if you lose, you have to continue trading as much as you can afford to lose. I think the number of years a trader can afford to lose consistently depends on their fund. Small traders can't continue losing for 3-4 years. So they have to stop the trade if the fund runs out of money. Most of those who claim to be successful traders on social media are fake. They show fake winning snapshots and videos for selling paid signals. I never believe them.

[GreatArkansas]

Expecting profit as soon as you start trading seems unrealistic to me, because a trader needs a lot of time to become successful, you have to learn slowly, and losses are high in the beginning. It is true, even if you lose, you have to continue trading as much as you can afford to lose. I think the number of years a trader can afford to lose consistently depends on their fund. Small traders can't continue losing for 3-4 years. So they have to stop the trade if the fund runs out of money. Most of those who claim to be successful traders on social media are fake. They show fake winning snapshots and videos for selling paid signals. I never believe them.

Exactly. This is becoming a misconception for everyone in the market, especially newcomers. Reasons? Are also other traders or "influencers" who want to take advantage of new traders; they tend to advertise or hype on the internet, especially social media, about trading. Their goal is to have more referrals/affiliates, or just some "so-called influencers" want to shill some projects.

[Sanitough]

It is not how much time you spend trading that matters, but what you learn, what experience you gain, and what successful strategies you learn. However, in general, it can be said that the more time you spend trading, the more experience and successful strategies you gain.

From my personal experience after years of trading, I have learned a lot from my past mistakes and learned successful strategies, but this does not mean in any way that you will be a complete winner even after many years of experience, because as we all know, the market is volatile and the direction may change unexpectedly at any moment.

This is good to say that people learned trading based on their performance, based on their struggles and experiences, regardless if it takes them more than a year or less than a year to gather different experiences in trading. But one thing is sure, the fact that a trader will never decide to quit, he will definitely learn trading in the long run.

Now with trader's success, it also depends not just on your performance but also the attitudes you adapt while trading. And not to mention, those traders who only trade when there is a favorable market will make it in trading, while those who are very impatient in trading will hardly gain profits from trading.

[IjawMan]

Timing in trading success is something that is controversial because by just spending years trading doesn't automatically make a trader successful or profiting consistently.

Someone may spend 3 year trading and still keep blowing up their accounts, while another person's can spend just 1 year and master their decipline, strategy and patient which are the tools to make you a profitable trader.

Yes true, it simply depends on the amount of effort and seriousness you putting in all that time to improve your trading skills to getting better mastery of your trading. Your effort to learn must have to rhyme with your timing.

 A person new to trading can not show less dedication by trading today and taking another one months to come back again to the space, and such a person would be expecting that they would by 2-3 years become good profitable traders.

Simply put in words is this, becoming a profitable trader is not solely by time but by dedication first before timing.

[Awaklara]

So, some of these social media self acclaimed successful traders are saying that they were persistently trading for more than 2 years and were unprofitable but later on, maybe on the 4th or 5th year, they now started being profitable till date. What is your opinion about such speech from those traders, do you believe is true or they are just lying? 

I guess there’s no exact guideline for becoming a trader who can really manage trading well. When I say manage, it doesn’t mean making a profit every time you open a trade. Because no matter how skilled you are in trading, there’s always a chance you’ll hit a loss too. 
There’s no guarantee we’ll make a profit from trading even after trading for a long time. I think it all depends on your level of understanding and your willingness to keep learning.

[yhiaali3]

It is not how much time you spend trading that matters, but what you learn, what experience you gain, and what successful strategies you learn. However, in general, it can be said that the more time you spend trading, the more experience and successful strategies you gain.

From my personal experience after years of trading, I have learned a lot from my past mistakes and learned successful strategies, but this does not mean in any way that you will be a complete winner even after many years of experience, because as we all know, the market is volatile and the direction may change unexpectedly at any moment.

This is good to say that people learned trading based on their performance, based on their struggles and experiences, regardless if it takes them more than a year or less than a year to gather different experiences in trading. But one thing is sure, the fact that a trader will never decide to quit, he will definitely learn trading in the long run.

Now with trader's success, it also depends not just on your performance but also the attitudes you adapt while trading. And not to mention, those traders who only trade when there is a favorable market will make it in trading, while those who are very impatient in trading will hardly gain profits from trading.

Yes, it is very important for a trader to refine his qualities and control his emotions in trading. If years of experience and practice do not enable a trader to control his emotions and not rush into his decisions, then he has not benefited at all from these years spent in trading.

Refining skills and controlling emotions are among the most important things a trader gains over years of experience. The more years of experience a trader has, the better he can control his traits, otherwise he will not benefit at all.

[Emitdama]

There are many traders who even spend more years before success and there are many traders too who would never get successful by trading. Success in trading should be an out put of good timing or calculated risk taking. However, to think of the fact that you may spend that long period of time waiting for your lucky day/year up to 4 years makes the whole trading Idea unpromising. But if a folk is good at what he does, he can keep it up.

I haven't been a trader or better still, I haven't started trading yet, but good timing is very important to achieve success and also knowing when to stop is very important to minimise losses and resume later.

I don't think that person has learnt anything if he still continues to make mistakes even after 4 years. In 4 years, one can graduate from an university learning a totally new field. Why would learning how to trade take that long time?

Practicing for 4 years makes sense but learning how to trade and still failing after 4 years might sound more like a foolishness. I think trading might not be meant for people like them who spend 4 years and learnt nothing. It will just be a waste of time if they continue to trade. You too should start your trading journey because as we all know, it is going to take some time for you to master trading. Until you do so, you can use a demo account to practice trading so you don't lose real money.

[Muba20]

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

Becoming a successful trader is definitely not an easy task. There are some traders who start trading without knowing much about trading. If we expect anything good from such traders who stop trading after some losses, then it is never possible gain knowledge. Trading is not limited to buying at a low price and selling at a high price. Before starting trading, a trader must study a lot. If someone can stick to it, then he will definitely be able to learn something and if that is not possible, then learning will not be easy. To achieve excellence in any subject, one must stick to it despite all the difficulties. Those who can stick to it with determination will do well. I can't consider myself successful yet, but I have learned a lot and still have a lot to learn.

[mirakal]

So, some of these social media self acclaimed successful traders are saying that they were persistently trading for more than 2 years and were unprofitable but later on, maybe on the 4th or 5th year, they now started being profitable till date. What is your opinion about such speech from those traders, do you believe is true or they are just lying? 

I guess there’s no exact guideline for becoming a trader who can really manage trading well. When I say manage, it doesn’t mean making a profit every time you open a trade. Because no matter how skilled you are in trading, there’s always a chance you’ll hit a loss too. 
There’s no guarantee we’ll make a profit from trading even after trading for a long time. I think it all depends on your level of understanding and your willingness to keep learning.

Trading can be profitable but not all traders can experience profits, no matter how long they are trading in the market. Years spent in trading will never be guarantees, but the way you manage your trades, the way you apply your trading learnings and develop working strategies and skills, these could lead to a more successful trading outcome.

But how many years we can say we'll be profitable in trading, that remains unknown. But the fact that quitting will never be an option but only continuous learning and application, I think trading will eventually paid off in the long run.

[Baki202]

That's the general rule but not all with that experience wins in the end. There are a lot of traders who have failed themselves despite that having the knowledge, the experience and even with the capital. But no matter how willing and hardworking they are with all of the strategies that they've learned and the charts that they read, it's not everyone's cup of tea and that's the reality in trading. And the majority of the traders are actually losing and not winning.

just because you have been trading for years does not make you immune to losing money when it comes to trading no matter how prepared you are and one of the best preparation will be for you to be emotionally ready because and one of the problem that this guys have is that they dont want to reduce the way they trade no risk management all there focus is taking risk and nobody is disputing that but doing the right thing by putting things is place is the best.

And from how it is looking, the kind of traders that we have now are the ones that need to be given orientation on how they are supposed to put things in place and not come to trade and do things the way they like.

[Dr.Bitcoin_Strange]

Someone may spend 3 year trading and still keep blowing up their accounts, while another person's can spend just 1 year and master their decipline, strategy and patient which are the tools to make you a profitable trader.

So, shall someone continue blowing account for 3 years and still believe that they will one day become successful? Three years is actually a very long time for someone to just keep losing, just like what someone said on a community I was yesterday, he said "I have been on a losing streak for 2 years", then someone laughed at him and told him that 2 year is not  a losing streak again that he should just quit and do something else. I think if someone have tried a thing  for a long time, they should be  able to tell if that thing will work or not and if they figure out it won't work, they should just quit.

[Johnlomape]

Expecting profit as soon as you start trading seems unrealistic to me, because a trader needs a lot of time to become successful, you have to learn slowly, and losses are high in the beginning. It is true, even if you lose, you have to continue trading as much as you can afford to lose. I think the number of years a trader can afford to lose consistently depends on their fund. Small traders can't continue losing for 3-4 years. So they have to stop the trade if the fund runs out of money. Most of those who claim to be successful traders on social media are fake. They show fake winning snapshots and videos for selling paid signals. I never believe them.

The number of years a trader has been trading does not really matters but what matter is how profitable they have become within those years. Trading for four years without having anything to write about it can be a serious and unimpressive story.
Trading is supposed to be profitable and when traders are not making money at all, that means they are either losing or getting their money back from trading. Money need to be made and the only way to do that is to get more experience as a trader.

[CryptopreneurBrainboss]

If you are a successful trader here, how long did it took you to become successful and what are the things you did differently now that made you profitable?

I haven't kept track of my trading in years since I am not doing it full time or that addicted to it but if I need a little bit of cash here and there then I might open my exchange and do some trade. I am mainly an investor and that is what I call myself and I've been known to do fully but I have little experience in trading that I can give advice on it.

I have also seen people struggle to trade for many years and I must say, it takes quite a long time before you become a successful trader, I myself it took me some few years before I perfected some skills that I have right now.

Trading isn't that easy for people to achieve full control in just one or two years, there could be a few exceptions of people that can become skilful in one or two years but for the majority we might be looking at 3 to 5 years before they get a little bit of success. At the end of the day it differs for everybody therefore we can't have an all agreed number of years that'll take you before you become very profitable at trading.