"You have two main choices when it comes to learning day trading: You can learn by doing, or get a teacher. Teaching yourself - in other words, making all the mistakes yourself - is a really costly way to do it, in time, money, and stress. I recommend that you stand on someone else's shoulders and at least avoid many of the mistakes they made."
"How long ago did they begin to day trade? You don't want someone who claims to have done great in the last few months or maybe a year, and now feels bulletproof. The strongest teachers will have traded and survived through great markets, but also sideways markets and downright terrible ones. You also don't want someone who claims to be "a natural" at day trading; in fact, you should hope they have lots of figurative scars, which often accompany lessons thoroughly learned."
"Yes, I day trade for a living, and I've done OK. But I'm first in line to tell you that day trading is not easy. It takes dedicated effort over time to start becoming solid at day trading. Then it takes even more time and work to turn it into a profession."
Day trading is difficult and requires sustained dedication to develop competence and professional-level skill. Learners face a choice between self-teaching, which incurs costly mistakes in time, money, and stress, or learning from a teacher to avoid common errors. Effective teachers have comprehensive experience across strong, sideways, and terrible markets and bear lessons learned from past losses. Effective teachers also remain actively engaged in trading to stay current with rapidly changing market conditions. Evaluating prospective teachers by their longevity, survivorship through varied markets, and current active trading status helps reduce avoidable setbacks and unrealistic expectations.
Read at Entrepreneur
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