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You are here: Home / Finances / How to Make a Living Day Trading

How to Make a Living Day Trading

February 28, 2017 by Justin Leave a Comment

As Ted found out when he left grad school, making a living was going to be much harder than he had previously imagined. Whiling away his days on Internet chat rooms and social media deep dives, he came across tons of information for how to make a living day trading. But he never thought he could do it. He never imagined that he would have the chops.

Ted was a writer. Or, at least, that is what he saw himself as. Always. From early high school all the way through his admission to the creative writing program at a prestigious Midwestern university, he wanted to tell stories. But the grad program was much tougher than he had ever anticipated.

So when came across a site, promoting the idea that it could teach him how to make a living day trading, Ted was skeptical. He had always enjoyed math, but never felt much need to immerse himself in it. But the bills were mounting up and and his unfinished manuscript sat on the corner of his desk, mocking him, so he took the $200 per day challenge from Warrior Trading.

Basically, the deal he made with himself was that if Ted could manage to squeak out $200 per day for himself from day trading, he could continue slogging through the grad school writing program that he had already committed to. Otherwise he would quit and go to seek his fortune on one of the coasts.

Ted gave himself 6 months. He eased into the Warrior Trading curriculum and began to learn strategies like gap & go, momentum trading, bull flag and breakout. From there, he used is ability to focus that he had honed with long hours pecking out short stories to learn the rules of day trading and figure out how to calculate risk management. One of the maxims that the Warriors like to cite is this: If you learn a proven trading strategy and learn the rules, you can learn how to make a living day trading.

Ted put in the time. Like we said before, Ted did not consider himself a math person, but he was willing to dedicate himself to studying and learning how to read complex spreadsheets and charts. After 6 months, Ted was able to execute 3-5 trades per day in the trading simulator that netted $200 per day in profit.

Ted was able to go off on his own, spend time each morning executing trades and made enough money to sustain his grad school lifestyle and allow plenty of time to work on his writing.

So if you are out there, aimlessly spending time on social media and you come across Warrior Trading on StockTwits, give them a whirl. They could give you the financial flexibility to pursue your dreams.

Filed Under: Finances

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