Professional trading is a career that many people are interested in, but do not have the tools and training to crack into. We often have discussions with aspiring traders about the chance of success and sustained profitability in the financial markets. Many people are curious about trading success rates, and if it’s worth investing the time and energy to learn how to trade. Lots of people do not have a realistic understanding of the facts of what it really takes to become a day or swing trader. Some people think it should be easy to enter into the market and get rich quickly as a trader, especially if they can find a profitable trading system where others have had success. However, others believe it is not possible to make money as a day trader, and the financial markets are rigged. In this short video, we would like to provide you an overview of trading success rates and how the probability of being a successful trader stands in comparison to other high-paid top performers, like professional athletes in the NFL.
Professional traders need to have dedication, patience, and discipline, to have consistent profits in the financial markets. Trading isn’t easy, and new traders must overcome the psychological elements of entering the financial markets. The success rates below are averages from a study conducted by Vantage Point Trading.
Since about 5% of traders are able to reach a professional level, this suggests that although there is a very steep learning curve, successful traders do exist- they just need the right training, resources, and mindset to be consistent
We know that the odds of reaching the professional level in any elite performance field, whether it be the NBA, NFL, or Olympic sports are much less than about 5%! The trading success rate of aspiring long-term profitable traders is higher than that of becoming a professional athlete, which is shown by the NCAA.
The Odds of Becoming a Professional Athlete:
This question attracted performance coaches and researchers to study the Science of Expertise. They studied top performers and traders for decades to understand:
The studies conducted on the Science of Expertise helped distinguish a common pattern amongst top achievers, and lead to the discovery of the Cycle of Excellence. In the past two decades, the Cycle of Excellence has had a significant impact on many fields to accelerate the development of professional experts, including traders. We will explain this, along with its relation to practice drills, and also provides practical Price Action drills for free.
For now, here is the summary of the surprising research outcomes:
How do amateurs and professionals spend their time which results in different outcomes? These are important questions which we will address in detail in “How Professional Traders Spend their Time and Talents”, in the next blog post.
Master Consistency: Build Your Personalized Trading Strategy (Beat Signals, Patterns, Setups) https://www.youtube.com/watch?v=b6kVakvsl2k&list=PLNdkLl_SbhT0q9xpFhLkKbjQ0LiowjCYD&index=3 This blog post dives into the world of trading terminology, clearing up confusion
Master Prop Trading: The Successful Prop Trader’s Insider Secrets For Consistent Profits and Payouts Master Prop Trading: The Successful Prop Trader's Insider Secrets For Consistent
The Three Essential Trendline Trading Strategies that You Need to Consistently Trade Any Market https://www.youtube.com/watch?v=t9kbHfS_Aao&t=155s In this video I’m going to go through the three
Human-Market Psychology Conflicts and Cognitive Emotional Mismatches – Loss Aversion https://www.youtube.com/watch?v=i_n6cbyyfJ4&list=PLNdkLl_SbhT0q9xpFhLkKbjQ0LiowjCYD We continue our discussion on the topic of Human-Market Psychology Conflicts and address the
Trading Signals vs. Patterns vs. Setups vs. Strategies: Why a Personalized, Profitable Trading Strategy Is All You Need for Consistency https://youtu.be/b6kVakvsl2k We’re going to break
Introduction to Trading Personalization: Understanding its Crucial Role in a Trader’s Success https://youtu.be/c1-0XvoJeLc This lesson of module 12, workshop 34, I will discuss the topic
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