How can someone be called a professional trader?

[SmartGold01]

Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?

A professional trader is that person who can utilized every single assets giving to him, or someone who can grow up little equity to a sizeable amount without the needs of losing them entirely to the market. With this we can actually calls that person a professional trader because they were able to build their account to a sizable amount without the need of going for loan or for subsequent funding.

[jeraldskie11]

I'm sorry but I don't think you really understand what short term trader is,

Maybe you can enlighten me, but before that, since I do not want to repeat myself while answering your generic indoctrinated assumptions about it, please go through my post: A Death Knell to Short-term/Intra-day Traders. Please do not miss the latter conversation on the post. This will give you a brief idea of what my stance is regarding short-term trading, and we can save a lot of time discussing it further here.

Your topic there doesn't seem to be about trading. I don't see any chart or even analysis that actually bases the trend on the market, and I don't think if you really have experience in trading. What I see in your thread is the word hypothesis, which I understood that it is your point of view. And because that is hypothesis, there is no solid evidence of what you said is true. And because we have different learnings about trading, you can't be forced to believe me and it's really impossible for you to believe what I say. Because of that, I can't explain more about short term trading because of what you stand for.

[memehunter]

I'm sorry but I don't think you really understand what short term trader is,

Maybe you can enlighten me, but before that, since I do not want to repeat myself while answering your generic indoctrinated assumptions about it, please go through my post: A Death Knell to Short-term/Intra-day Traders. Please do not miss the latter conversation on the post. This will give you a brief idea of what my stance is regarding short-term trading, and we can save a lot of time discussing it further here.

Your topic there doesn't seem to be about trading. I don't see any chart or even analysis that actually bases the trend on the market, and I don't think if you really have experience in trading. What I see in your thread is the word hypothesis, which I understood that it is your point of view. And because that is hypothesis, there is no solid evidence of what you said is true. And because we have different learnings about trading, you can't be forced to believe me and it's really impossible for you to believe what I say. Because of that, I can't explain more about short term trading because of what you stand for.

Clearly you have not read the whole thread. I specificaly told you to do that because I knew that I have to deal with basic misconceptions first. But it seems I have to deal with them anyway .
If you had follwoed my advice your question regarding 'hypothesis' was already answered by me there. I will quote the relevant part here also,

It's just a hypothesis anyway, why was I stressing myself

Hypotheses and Theories can also be wrong after a certain time most especially when someone "more intelligent" brings up another theory, you know?

EMH and Random Walk are both called hypotheses because they both predict certain correlations between two variables which are testable. Since we have done extensive testing and have scientific conses, both have become scientific theories.
Now I do not think you understand the stature of scientific theory. It is not just a hunch of a creative brilliant person, to have the stature of scientific theory it has to go through rigorous testing and scrutiny to build a scientific consensus in favor.
Yes, scientific theory can change (Falsifiability, an essential trait of a good theory) but not because of the passage of time or some more 'intelligent people' but because of new evidence. It's a cumulative and collaborative process built upon the work of many researchers over time while acknowledging some pioneering individuals.
So just because it is falsifiable does not mean they are not correct it is quite the opposite; scientific theory represents the most accurate and updated explanation of any phenomenon.

[bayu7adi]

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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?

Reference? None.

My definition of a professional trader? Consistent profit on a monthly basis. Simple as that. Let's not over complicate things at least. I consider a trader a professional trader when they're making profits consistently for the past 1-2 years. Making profits in trading can be very easy, but to do it consistently is very hard.

Then, what do you think when someone who has consistently made a profit routinely for two years, then suddenly he experiences a strategy error that eliminates his assets in a period of two months... is that still called a professional trader in your opinion???

There are times when someone loses their emotions and feels chaotic, and it affects their finances... some decisions in trading, should be taken very calmly, but when making decisions in a very hasty way, it feels like it will make trading a little problematic.... can even eliminate all assets in a short time...

Is there still any meaning, someone collects money for two years, disappears in two months just like that?

[Bobcrypto]

I do not have anyone as a reference to learn trading.

Do you know what is dangerous about trading? You can think you are good already and make money from it but later your greed can increase and makes your be more confident. This could later lead to losses.

I have someone that is a good trader but overconfidence makes trading not to be on his advantage.

The market requires patience to earn huge profits,  but for those that are trading on the margin/future options, they are bound to suffer losses due to high Leverages from certain traders.
Sport traders can only experience losses if they close the their positions probably due to fear. Their trading will be counted as losses if spot traders closes their positions, but with patience, spot traders are bound to make huge profits. In facts, spot traders will not count losses, except they close their positions

[Charles-Tim]

We can call them professional traders when they do it as full time or even part time but spending enough time to do their research and analysis. There are some rich guys who sell and buy once in a while also professional traders but they won't claim they do this every time.

The traders that spend much time on analyses are the scalpers and day traders. Swing traders do not spend much time in making analyses. Some traders are fully swing traders and avoid scalping and day trading. If they are making money, they are also professional traders. Swing traders have one characteristics which is patience. Most day traders and scalpers do not have it and the reason most of them are losing money.

[Franctoshi]

You can be called a professional trader if you have a well track record of profits in trading for more than a year and still counting. Because you trade profitably for about 3 months and yourself a pro trader, for you to be called a pro trader, you must be someone who has learned the rules of the market and play by it, you must have a strategy, be deciplined and have had years of experience and in some cases have managed some individuals or institutional accounts profitably.

[ajiz138]

We can call them professional traders when they do it as full time or even part time but spending enough time to do their research and analysis. There are some rich guys who sell and buy once in a while also professional traders but they won't claim they do this every time.

The traders that spend much time on analyses are the scalpers and day traders. Swing traders do not spend much time in making analyses. Some traders are fully swing traders and avoid scalping and day trading. If they are making money, they are also professional traders. Swing traders have one characteristics which is patience. Most day traders and scalpers do not have it and the reason most of them are losing money.

There will be a difference if we talk about who can be called a professional. I myself think that a professional trader is someone who has spent a lot of their time trading and during their time doing it they can understand what trading is all about.

I also think that a professional trader is someone who does have their biggest income from the trading they do.

[Charles-Tim]

I also think that a professional trader is someone who does have their biggest income from the trading they do.

A professional trader makes profit from trading and such a person will hardly lose but there can be little losses at times. But generally, the trader will gain much more. His biggest income can be from business while trading can just be another means of earning.

[Gurujebs]

There will be a difference if we talk about who can be called a professional. I myself think that a professional trader is someone who has spent a lot of their time trading and during their time doing it they can understand what trading is all about.

I also think that a professional trader is someone who does have their biggest income from the trading they do.

I think you have said what trading is about but what people do have in mind is different. If you called yourself a professional trader and you don't have the portfolio with mong made from trading, if you don't show things you have, you will be consider as not a successful trader but who cares, it's your money and your way of making it as long as you are not making loss.

A trader should have what it takes to understand any chart presented to him, they should also be able to impact the knowledge to other people, be able to have good devices and probably good working things you will want to use to do the trading itself.

[Z-tight]

I don't have a problem with someone calling themself a professional trader for their own pleasure or ego. However, what i do not like is when some of this 'professional traders' start to sell trading signals to people, because they are only trying to make money from their gullible subscribers.

[dave_strider]

I don't have a problem with someone calling themself a professional trader for their own pleasure or ego. However, what i do not like is when some of this 'professional traders' start to sell trading signals to people, because they are only trying to make money from their gullible subscribers.

People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.

[ajiz138]

There will be a difference if we talk about who can be called a professional. I myself think that a professional trader is someone who has spent a lot of their time trading and during their time doing it they can understand what trading is all about.

I also think that a professional trader is someone who does have their biggest income from the trading they do.

I think you have said what trading is about but what people do have in mind is different. If you called yourself a professional trader and you don't have the portfolio with mong made from trading, if you don't show things you have, you will be consider as not a successful trader but who cares, it's your money and your way of making it as long as you are not making loss.

A trader should have what it takes to understand any chart presented to him, they should also be able to impact the knowledge to other people, be able to have good devices and probably good working things you will want to use to do the trading itself.

And yes, there will always be different opinions, as I said at the beginning. Because if asked about opinions, it will definitely be speculative according to what is thought, because this is not an exact science like mathematics where the end result will be the same.

However, I believe, from all the opinions that exist, I am sure the meaning is also the same, but because the delivery is different, it will also create new thoughts which seem contradictory.

[milewilda]

I don't have a problem with someone calling themself a professional trader for their own pleasure or ego. However, what i do not like is when some of this 'professional traders' start to sell trading signals to people, because they are only trying to make money from their gullible subscribers.

People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.

Sooner or later on which they would definitely be trying out to realize on how important on trying out to build up your knowledge and not really just that simply being that following someone or some gurus. Actually it isnt really that bad to follow someone but make it sure that you had made yourself aware about that when it comes to progress then you wont really be that making yourself having that kind of improvement into your skills because you've been that setting up yourself on becoming that dependent on which this isnt really that good at all.  If you do really want to make yourself as a good trader then make it sure that you would really be that mindful about enhancing yourself when it comes into your trading skills and not really that making yourself that being confident.

[jeraldskie11]

I'm sorry but I don't think you really understand what short term trader is,

Maybe you can enlighten me, but before that, since I do not want to repeat myself while answering your generic indoctrinated assumptions about it, please go through my post: A Death Knell to Short-term/Intra-day Traders. Please do not miss the latter conversation on the post. This will give you a brief idea of what my stance is regarding short-term trading, and we can save a lot of time discussing it further here.

Your topic there doesn't seem to be about trading. I don't see any chart or even analysis that actually bases the trend on the market, and I don't think if you really have experience in trading. What I see in your thread is the word hypothesis, which I understood that it is your point of view. And because that is hypothesis, there is no solid evidence of what you said is true. And because we have different learnings about trading, you can't be forced to believe me and it's really impossible for you to believe what I say. Because of that, I can't explain more about short term trading because of what you stand for.

Clearly you have not read the whole thread. I specificaly told you to do that because I knew you I have to deal with basic misconceptions first. But it seems I have to deal with them anyway .
If you had follwoed my advice your question regarding 'hypothesis' was already answered by me there. I will quote the relevant part here also,

No, I read it but honestly I can't really understand what you're saying because that is the first time heard that. I don't know exactly where did you get that formula or it just by you getting it out of nowhere. Do you have any other stuff supporting your argument? Or Do you really have experience in trading? Because if not, how you can tell in the first place that trading is not working? Honestly, based on my experience, a trader can be profitable with a good trading plan and a good mindset.