Again, trading does not mean you have to stay glued to the screen 12 hours a day, 250 days a year, far from it.
I know. There are many things to do ... besides trading - of any aspect. That is why I (and many others) live where we do.
Why not diversify? I can send an email to my big email list to sell a new course for $97 and get 60 sales for a quick 6k. I've done extremely well because I have so many repeat customers. It more than covers my stop losses.
Yep, the money is in the list, as far as email marketing (a powerful money-making tool) is concerned. Keep up the good work Mr. Calhoun.
Correct me if I am wrong but you don't trade through automated strats? Strats not filters or scanners which yes are automatic, but are not strats doing all the entries and exits for you while you do something else. If that is the case the doing something else during that time is .... not trading per se. It pays the bills no doubt. To each their own. But top doctors/lawyers/architects/etc who are making buck don't feel the need to supplement their income. Traders the same. Again to each their own.
@SunTrader : Everyone always should diversify income streams. Traders, doctors, layers, white collar, blue collar, everyone. It has nothing to do with how good you are at your craftsman ships, but with the risk everyone has: being depandable on your own activity to make money. That is the highest risk there is for your income.
Why should they? And why haven't they got the memo. Remember we are talking about income, not investments.
ok, my bad, you are right. They did not get the memo and income out of an investment is not an income.
But Ken you make your living as an educator. The only reason you trade is to get people to pay you to watch. It is still up in the air if you are a profitable trader as you don't post your performance. I don't think you are diversifying, I think you have to trade to give the impression you know your stuff. Like you said your educational sales cover your trading losses.