Lawrence Kruse

This question is asked over and over and over again by many, many people. The solution is: aYes, it's possible!a

And, better yet, you yourself can do it.

Sometimes people donat trust in me when I say they can become successful, full-time day traders, but itas true.

Only think that you'd be pretty happy if you were making $150,000 each year since i donat want to get right into a deep conversation about ahow much money is really a decent living for you,a letas, and letas say that you are making this money along with your trading. Does that sound fair?

Letas split it down: $150,000 per year will be $12,500 per month, or, if you choose, $3,000 per week. This is assuming that you're taking a couple of weeks of vacation per year.

IMPORTANT: Donat set everyday goals whenever you trade. To be able to earn money, two conditions need to be met:

- YOU'VE to get ready to trade.
- THE MARKET must be willing to be traded.

There will be days when you're not at your absolute best (sickness, mental pressure, virtually no time because of a crisis, etc.), and there will be days when the industry isn't willing to be exchanged (e.g. holidays, such as the days before and after holidays, days before an important information release, like the Federal headline regarding interest levels or the unemployment statement, etc.).

And thatas why you shouldnat set daily goals in your trading: those goals may drive you to deal on days when both of the earlier mentioned problems a' you AND industry being ready a' aren't met.

Itas very important to start small and set a goal for only ONE contract, or 100 shares. Going To address seemingly provides tips you might tell your cousin. This purpose should really be LOW, very low, to ensure that it is simple for you to achieve it. Consider high-jumping: you train with a club thatas only three feet high. Itas easy to jump. Then, once feet are managed three by you, you improve the bar still another inch. And yet another. And another.

For example, in the very first four weeks of one's trading, you might set your regular goal at $100 per contract. This could appear too easy for you, but bear in mind that 90% of traders lose money in the areas. You can begin araising the bar.a Decide to try $150 per contract per week, when you can make $100 per contract regularly. Ra