Before you even consider taking the leap towards becoming a full-time stock trader, you should make sure you are properly equipped. You wouldn’t quit your job to become an engineer without any proper training, right? What are your of chances of succeeding? The same logic applies to trading. Start developing the proper expertise before even considering a career in day trading. We have a variety of free and paid resources to get you started on your journey.

Experience 

You can read 1000 books on trading theory and still get crushed by the markets. Theory and practice are two different skill sets. Most traders need to spend some time actually trading before they can get a real feel for the markets.

Consistency

If you are even considering becoming a full-time trader, make sure you are trading consistently. This will allow you to set realistic expectations for the future. Consistency is proof that you have actually developed an applicable skill set. For a new trader, there’s more long-term value in making 1Lakh/month for 12 months than making 5Lakhs your first month and 0 the rest of the year. Sure, one provides a higher short-term monetary value, however, it is less sustainable in the long run.