How many years needed to become a good rates trader?
Hello,
I’m on a rates trading desk since 1 year. I wonder, how many years do you need to become a good trader and start making money for real?
Based on the most helpful WSO content, becoming a good trader and starting to make real money can vary significantly. Here are some insights:
In summary, while some traders might start seeing positive results after a year, it often takes longer to become consistently profitable and considered "good" in the field.
Sources: My Experience at Trillium Trading - 1st Year NYC, Q&A: 25 years Sales / Trading Experience, Q&A: 25 years Sales / Trading Experience, Is it worth pursuing a career in trading in 2017?, Why is it so hard to survive as a prop trader?
Bump
This is kind of a silly question, but I'll try cause it might be useful for others. The answer: it depends.
Many people never get there, either due to intellectual inability, lack of work ethic, lack of quality mentors, or being at the wrong place at the wrong time.
For those with the necessary primordial ingredients (the above), I'd say the following is a reasonable track:
In general, I'd think of learning, as it pertains to markets, in terms of 2-year half-lives, each of which have their own learning curve that looks like logistic growth. So, you'll start out knowing nothing and bang your head against the wall. Then you hit an exponential portion and learn a bunch. Then, as you master the basics you hit a plateau again, but this time with more knowledge. Rinse and repeat as you learn new skills and markets.
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