Can you make a living by trading stocks?

Question

thanks

Answer 1

Yes, it's entirely possible to make a living trading stocks in the stock market. How do you do this?

1. Study the market to figure out what are the most important factors in stock price. You'd be surprised to figure out that it's not necessarily what you originally thought.

2. Develop, or use, a trading system with an overall positive expectancy (ie net gains $ > net losses $). Remember the biggest key to successful trading is controlling your losses (accept that losses will happen, and prepare for them).

3. Practice with real money. Ideally, it's with an amount of money you can afford to lose first. You will need a primary source of income while you are learning and practicing.

4. Accurately figure out your monthly profits (% and $). If it isn't at least a consistent 1% per month, you should not be in the game. There are a bunch of dividend stocks that pay around this much, consistently. If you can't beat the return of these dividend stocks, don't trade, invest.

5. After you have developed a track record of consistent earnings by trading stocks, then start scaling up your risk capital (increase the amount of money you are trading with) so that the results can match or beat your primary income.

6. Spend the next few months trading with this additional capital to make certain your earnings are what you expect them to be. If they are, you are free to begin trading exclusively as your primary source of income.

Stock trading is not the easiest way to make a living, and only a small percentage of people who try are consistently successful, but it is rewarding. Do your homework and your legwork, approach it with discipline, and you might just find you're one of the few...

Answer 2

Trading Stocks For A Living

Answer 3

1

Answer 4

2

Answer 5

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/4f450
It's probably the best way to learn how to win with binary option

Answer 6

Yes you can, but I don't think it should be done full time (unless you have a million shares of a stock like GE and write out of the money covered calls on a monthly basis on top of collecting the dividend).

It takes alot of research, I mean tons!

I would also like to comment on a previous answer, particularly: "The reason is simple, markets are surprisingly efficient. That is true because big money investors (insurance companies and pension funds) will just about kill themselves to eke out even small profits on a stock." - This is not true. As an example

Markets in my opinion are not efficient. They will at many times over and under estimate the true value of a company. Why do you think Buffet got so rich? Even if he didn't start with $100k that his friends and family gave him to invest, he still would of made it.

Answer 7

I've made a nice profit on a couple of suggestions he's given and plan to start trading his ideas a lot more. I definitely recommend subscribing to https://tr.im/pennystockguide
Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had.

Answer 8

It's not easy to be a day trader, but it's do-able. You make faster money (and larger profits) when you trade options (rather than stocks) but options are much more riskier. You should make sure you have a nice cushion of savings to fall back on and you should educate yourself before you jump into it, hopefully to minimize the mistakes you could possibly make.

Answer 9

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/c8109

Answer 10

Sure. But first you need to figure out how much you need to make. if you need $50,000, then you should only expect to make 10% on your initial money. so you should have $500,000 in investable money, at least.

you are going to need to do a lot of research. you should read 'The Little Book that Beats the Market', and probably a lot of other investing books, if you are going to do this fulltime. If you don't want to do this work, you probably won't be successful as an investor.

For investing ideas, you can see what the best investors are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.