SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : SOES Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Henry D who wrote (1497)7/1/1998 6:51:00 PM
From: Dave Twibell   of 1618
 
Henry -- here are a few thoughts on your questions:

1. "anybody knows the percent of people who soes profitably?"

No idea about the exact percentages, but I would guess only a very small number actually make it as full-time traders. The main problem is the learning curve. It takes several months to get to the point where you can make money regularly (and more importantly, consistently avoid losses), but most people lose their trading stake long before they reach this point.

2. "what makes a good soes trader?"

Still trying to figure this one out myself. While I know successful traders of all different ages and from all walks of life, I would say the vast majority of them are highly disciplined, fairly risk tolerant and love trading. Without discipline, you're toast as a trader. IMHO stock-picking is far less important (and much more easily learned) than money management. If you can consistently cut your losses early and avoid becoming an involuntary "investor" in stocks that run against you, you will be well ahead of most traders out there.

3. "how money you need to start?"

Depends. I know of one trader who started with only $5,000 but has now worked it up to the point where he is making a living trading. If you only enter/exit a few high percentage trades per day, you probably need less of a stake then if you are doing the rapid fire Soes thing. I would definately recommend daytrading only with money you can afford to lose.

Good luck.

Dave
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News