Reading lengthy annual reports and keeping an eye on all monthly, quarterly and annual figures, isn't that the job of a day trader on the stock exchange? “No”, says top trader Rob Kamsteeg. 

He explains what his job entails: “If the movement goes up, I buy, if it goes down, I sell. This usually happens between one and ten minutes. I sell as soon as something happens.” This experienced trader does not make predictions. “I don't know what's happening, nobody knows. So I look at what the market is doing and go along with it. The market decides.”

investing

The work is therefore completely different from when individuals start investing in shares, because then you start looking for the longer term. This is a different strategy and I am not interested in that. “I buy or sell a stock because I think it's going to rise or fall in the next few minutes. Then I can make money. I am not interested in what the stock will do in a month or a year.”

1000 trades per day

Day traders at GETS make an average of 300 trades per day. But some are way above that, according to director Bert Muller. “ One Trader named Rob makes an average of 1000 trades per day, so that's a lot. On an average trader, half or more of those trades go wrong. But the trick is to limit your losses and maximize your profits.”

That sounds logical, but how do you ensure that your losses remain low?  “I buy and as soon as a stock drops, I immediately sell and take my loss. If the stock goes up, I'll hold it a little longer."

Money

How much money does such a trader actually earn in a day? That question proves difficult to answer, because this also differs greatly. Some  traders earn above their own average. This can be as high as five figures for our most experienced traders. But the next day you lose, for example, 200 euros. A good trader knows how to limit those losses, but you can't prevent it," says Muller.

That sounds nice, of course, earning five figures in a day, but life as a day trader also has a downside. You have to have a lot of self-confidence for it. “It can happen that you lose a number of days in a row and you have to be able to handle that. As soon as your self-confidence drops, it can get worse and worse and that can really put you in a big dip.”

Good traders

But when are you a good stock trader? Muller says that this is often unforeseeable. “We have all kinds of people here, and sometimes highly educated people don't do well at all, while someone I didn't expect turns out to be a very good trader. It really is a matter of practice, feeling and having a lot of passion for it.”

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