Yes you can make a living from your trading efforts.
I do and I have made my living from trading for many years.
I started trading in 2001 and I started trading Futures and shortly after found forex and I have been trading them ever since.
I developed my own trading strategy and it took about two years to see consistent profits but most of the challenge was getting myself to follow the rules I set up and not change the trade plan while a trade was open.
My trading routine is very different today than it was a few years back.
I have found that the routine in the beginning was a way to keep me focused and to expose myself to the daily activities of being a trader... example:
what blogs to visit on a daily basis that will not only explain the results of the previous day and how news impacted the markets but to also find reliable sources of information from objective people who weren't calling trade signals.
After a while, with repeatedly watching each report, the reaction and different trading environments you begin to 'get the feel' of the market and you can see things happening before they actually occur.
Im not saying to place trading decisions with out conformation but you can tell how the markets will react in most cases but this takes years of constant exposure to the daily 'grind'
I also trade less today than I did in the beginning and yet I still make more pips per month than when I was a trading fool
trying to trade every price movement around the clock.
I learn over time to trust that the markets will still be there tomorrow and that if I miss a trade today or the market doesn't provide me with a trading opportunity according to my trading system... its okay... it will eventually come my way.
My days now are spent just waiting for the right trade and now that I have been trading my system for many years, I always know my trade right when it appears. I believe that it takes just as much time and effort to know that I don't have a confirmed trading opportunity as it takes to find the perfect trade. This means I still put in a full days works even if the market doesn't provide me with a trading opportunity.
You need to know your trading system so well that you know when not to use it and stop trading and you need to know when the best conditions are for your trading system to produce the greatest trading opportunities.
John Bollinger said,
“In any given environment there are a limited number of good opportunities...
places to transact where the risk and reward relationships are properly balanced in your favor”
Good Luck Trading
4x Trading Coach
“In any given environment there are a limited number of good opportunities... places to transact where the risk and reward relationships are properly balanced in your favor, this is when I prefer to trade"