Results of the survey I ran 3 weeks ago, “HOW IS YOUR TRADING GOING?”
It was comprised of only 5 questions. Here were the results:
Q1. Are you an experienced trader? Response %
A. less than 6mo experience- 12.5%
B. day trader longer that 6 mo- 62.5%
C. active investor- - - - - - - - - 25%
Q2. Are you a trader for an hour, day or swing trader?
A. 60 minutes - - - - - - - - - - - 50%
B. day - - - - - - - - - - - - - - - - - 37.5%
C. swing trader - - - - - - - - - - - 12.5%
Q3. How much research do you do before making an investment decision?
A. 15 minutes - - - - - - - - - - - - 25%
B.1 hr per stock - - - - - - - - - - - 62.5%
C. 2+ hrs per stock - - - - - - - - - 12.5%
Q4. Do you making a living trading?
A. YES - - - - - - - - - - - - - - - - - 37.5%
B. NO - - - - - - - - - - - - - - - - - - 62.5%
Q5. How much money would you expect to pay to learn to fast money day trade and be profitable 70%+ of the time?
A. $30 - - - - - - - - - - - - - - - - - - - 12.5%
B. $100 - - - - - - - - - - - - - - - - - - 50%
C. $500 - - - - - - - - - - - - - - - - - - 37.5%
D. $1000 - - - - - - - - - - - - - - - - - 0%
E. more that $1,000 - - - - - - - - - - 0%
There were 30 responders, what did you learn from this survey?
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I hope you will learn from my years experience as a professional trader.