How Long Does It Take To Learn How To Make Money Trading? | August 30, 2023

Summary:

– Personal update: He thanks people for concern after his son’s motorcycle accident. His son suffered a serious head injury (bleeds on both sides of the brain), was hospitalized, has some short-term cognitive fog, was discharged and is recovering at home. He asks for prayers for clot-related complications and follow-up scans in about two weeks.

– Central question: How long to become consistently profitable trading?
– Short-term earnings are possible: with disciplined application of his methods some people can make money within months (he suggests six months as a realistic minimum to find consistency if you strictly follow the process).
– One-year view: track a full year to learn seasonal tendencies and build a foundation.
– Two-year view: true, reliable proficiency—being able to trade confidently “by feel” and handle real-market variability—typically requires about two years of proper practice and experience.

– Key lessons and requirements:
– Experience is essential and cannot be rushed or faked. Backtest, forward-test (he recommends at least three months of each), journal, and trade steadily.
– Money management and risk control matter more than high win-rate claims. You can be profitable with modest win-rates if risk is managed properly.
– Psychological discipline is critical: control impulses, avoid overleveraging, don’t chase losses, and learn when to stop trading (e.g., after losing trades in a session).
– Avoid distractions and false authorities: many online “gurus” show demo or cherry-picked results; don’t be swayed by marketing or social-media hype.
– Learn a clear model that fits your personality (examples: Silver Bullet, optimal trade entry, PD arrays). Use higher timeframes (weekly/daily/4H) for bias and low timeframes for precise entries in session windows (e.g., 10–11am, 2–3pm, London session).
– Practical habits: remove live P/L displays when trading, control position sizing (small % risk), journal emotions and decisions, be patient waiting for “cream of the crop” setups.

– Warnings and practical tips:
– One-off wins, funded-account passes, or demo performance don’t equal real, sustainable trading. Paying taxes on trading profits is the real proof of consistent profitability.
– Expect losses and “growing pains”; treat small losses as a trader’s tax and learn from them rather than letting them trigger reckless behavior.
– Set firm rules (e.g., limit trades after two losses in a session) and stick to them.

– Encouragement and outcome: If you submit to the process—study, backtest, journal, manage risk, and accept the psychological work—you can reach consistent profitability and materially change your financial life. He emphasizes persistence, humility, and discipline, and cites real students who have achieved substantial real-money success.

Quiz

1) According to ICT, what is the minimum amount of time he believes it will take someone to start finding consistency and making money using his teachings?
A. 3 months
B. 6 months
C. 1 year
D. 2 years

2) ICT states it will take approximately how long to be “really good” at trading — to the point you can walk into the market any day and leave with profits by rote?
A. 6 months
B. 1 year
C. 18 months
D. 2 years

3) Which set of daily session times does ICT cite as having recurring setups to trade each day?
A. 8–9am, 12–1pm, 6–7pm
B. 9–10am, 1–2pm, 5–6pm
C. 10–11am, 2–3pm, 3–4am (London session)
D. 11–12pm, 4–5pm, 8–9pm

4) In the simple model example ICT gives (moving averages / opening-price approach), what maximum per-trade risk does he recommend to help pass funded combines?
A. 0.25%
B. 1%
C. 5%
D. 10%

5) What does ICT say is the clearest proof you are a truly profitable trader?
A. Passing a funded combine
B. Posting large daily screenshots on social media
C. Paying taxes on your trading income
D. Having lots of YouTube subscribers

Answer Key with evidence:

1) B. 6 months
Evidence: “so to answer the short question I believe that it would take someone six months that’s the that’s the fastest in my opinion the fastest way using what I’ve taught Define consistency” (0:07:00.120–0:07:07.919). Also reiterated: “minimum six months” (0:24:59.520–0:25:04.240).

2) D. 2 years
Evidence: “in two years when I say it’s going to take you about two years or more for some of you to get really good at this” (0:12:45.300–0:12:52.320). And later: “my humble submission is it’s going to take you two years to…walk into next month’s Market any given [ __ ] day and leave with profits it’s going to take you a minimum of two years to do that” (1:10:07.739–1:10:23.460).

3) C. 10–11am, 2–3pm, 3–4am (London session)
Evidence: “sit down turn your charts on what’s happening between 10 o’clock and 11. what’s happening between two o’clock and three o’clock in the afternoon what’s happening between three o’clock and four o’clock in the morning London session that’s set Up’s there every day folks every single day now” (0:18:32.580–0:18:52.980).

4) B. 1%
Evidence: “don’t risk more than one percent I guarantee you can pass combines with it” (0:46:50.040–0:46:56.099).

5) C. Paying taxes on your trading income
Evidence: “how you close the end of the year that’s what matters are you paying taxes on your money that you traded with because if you’re paying taxes you’re a profitable Trader if you ain’t paying taxes you ain’t a [ __ ] profitable Trader” (1:11:12.600–1:11:24.900).

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *