Are there any full time traders?
TRADINGFEATURED
"Most traders fall short when it comes to mastering their mindset, don’t let that be you"
Yes, there are many successful full-time traders.
Steps to become a full-time trader
Choose the segment - Pick one segment and master it, different segments have different risks and rewards, so find one that suits your lifestyle. Segments - Stocks, futures, options, commodities.
Master this - Support and resistance, Trend identification, Candlestick patterns, Order types, Strategy, and Risk management.
Pick your time frames - Pick the time frames you are going to focus on. Use the higher time frame to form a trading bias and lower time frames to enter/exit trades.
Practice mastery - Create a trading plan. Define risk management. Open an account on Trading View. Do paper trade. Take 250–300 practice trades.
Fix these mistakes - High risk & low reward, letting the trading losses run, over trading, trading without a strategy, cutting your winners short, zero practice, lack of patience, and lack of conviction.
Manage your emotions - Most traders fall short when it comes to mastering their mindset, don’t let that be you.
Track results - Trade details, trade analysis, emotions, trade management, outcome, lessons, improvements, trade statistics, screenshots, charts, market conditions, and any comments. Consistently refine and review to develop the trading edge.
Credit: Quora