How do you count your trading experience?

Dear members,

simple question, what do you consider as trading experience, how do you count it.
Somebody who is trading full time 9 hours a day fully concentrating on the markets
might have gained another experince than somebody who is working 9-5 with kids.

I mean on the other hand, somebody can study as hard as he can without
interuption and reflection and gain similar knowledge as somebody who is
constantly on.
When it comes to psychology some people with more life experience might
be more advanced there, so they might just need 2 years were a young person needs 3.
How do you count your trading experince ?


cheers

I like to count "screen time".

A year of trading experience means entirely different things between someone who reviews charts for a few hours a week to swing trade vs someone who's actively trading 8+ hours a day.

Yeah and you have to take into account the strategies used, so will second the last post.

I rate a trader by:

- profits generated per year in cash compared to initial start capital.
- time he trades with profits
- amount of cash he can handle with success

Years of experience don't mean much. You can blow up everything after 10 years when you make one mistake just to make this one great deal with all cash available. Greed is always there, waiting to get you.

This is a place where knowledge can only get you so far.

Ability in trading (manual) requires a heck of a lot of emotional discipline.

If you have life/professional experience that has prepared you for that, then yes, you can attach that to your "experience."

Some people I've known were successful within weeks and go on to have success with consistency.

Others, after nine years, are unsuccessful.

Experience does not equal success.

Don't remember the exact quote but Bruce Lee said some like: Its better to practice one kick a thousand times than a thousand kicks one time. If your experience involves ten years of bad trading you will be far worse off than someone who has two years experience trading with discipline and control. Overall experience is not nearly as important as the quality of that experience. Quality not quantity.

In keeping in the spirit with the last post, the quality of the time is more important than the quantity. You can take any skill you like for an example, I'll take playing the guitar for mine. Some people, including myself, will "practice" for hours on end, yet see very little progress. This is due to the quality of the practice which means knowing how to practice and then executing it properly. Trading is no different. You can spend 20 hours a day looking at markets and not learn very much.

One of the best things you can do is develop trading ideas into systems. This forces you to think and approach the markets more thoughtfully. You can develop 300 systems and not find much as far as a winning system goes, but the process allows you to go in depth into the subject of trading in a focused fashion, concentrating on the components and understanding the connections between them. As Thomas Edison said about his numerous failures, each failure brought him one step closer to success.

I would say it has to do with how well you are dealing with the mistakes you have made previously, if you are consistently making the same mistakes then you are still looking at the market emotionally and un-professionally. You know your progressing when you look at the market as a doctor would look at a patient.. calm, patient, and objective.

My experience withforexis of 2 years as part time trader. In first 3 months I spend a lot of time to understand this market and dem practice. After it I make a schedule for trading . Now I am doing 2 to 4 hours daily trading . In it my learning and analysis is included . daily it is not necessary for me to trade.

Learning experience is when you have your demo account

Real trading experience start when you start making real money or start losing money not Demo virtual illusion money.

Proprietary trading,Investment bank, Hedge Fund and other fund would not look at your Learning experience because they don't care how long you are using demo account what they will ask you is the statement in your Live account at a broker.

In the end what matter is not the how fast or slow it takes you the most important thing is you are consistently profitable though if you are applying for a job as a trader it might give you some points .