Can you get rich day trading?

Yes, but only if you have the right stuff for it. This is all about the mindset and the mindset that you’ll be getting to work with.

You can make a living day trading if you know what you actually want, how you’re going to get it and when. If you do, you’re in for a heck of a ride. For example, you can actually be a profitable day trader if you’re willing to have a pretty decent portfolio. That will take work and practice. You have to know what you’re dealing with. You have to have realistic expectations. These are the two most important skills to learn.

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If you’ve been playing this game long enough, then you might have noticed it: the longer you’ve been trading the more you’ve learned. You see that? You know the game is playing out for you. That knowledge about your trading isn’t something anyone else has. And that’s the greatest asset for you – your own ability to learn.

It’s all about perspective. I’m guessing you think you know what your trading needs are. If you’re trading today, you probably do. But why do you think your trading needs change if it hasn’t in years, or you’ve done it for an entire career? When you’ve learned from this experience, you’ll be better equipped to deal with trading on a daily basis.

You might not know exactly what your trading needs are, yet. But that doesn’t mean they’re not important to have.

Your goal when you learn to play day trade is to become more in touch with your own needs and your trading needs. So you have to start with some basics. You can work your way up. You can read books or read about the trading fundamentals online. At the beginning of a successful day trading career, you know how to do simple things:

Create a strong portfolio of assets that match your current trading needs and your trading strategy.

Create a portfolio that matches your current trading needs for longs, shorts, short-term and long-term strategies.

Understand the basic concepts of risk and leverage.

Know a few basic facts about the stock market, and invest accordingly.

Don’t start by reading on a topic that you are familiar with but that you simply don’t know enough to start learning.

That’s the best way to start to get in touch with your own trading needs. You will find out the hard way that