Very few people make it in trading. Most people who study to be engineers become engineers and are able to pay their bills. Same with teachers, cops, salesman, electricians, and lumberjacks. Trading, just like being a successful poker player is very rare. Thats a fact, not an opinion.
Rather than work in Macdonalds. The video should have been he becomes a trading 'education' vendor. Thats what a lot of losers do, become snake oil vendors. Post hindsight or fake screenshots on Twitter and claim profitability. The gullible lap that BS up..
No doubt. Professional poker players is good example. In some ways, qualifying for PGA tour is another example. Millions of people play golf -- only a select few can average below par.
Trading, like being a professional actor, is very difficult and rare to make money consistently and pay your bills.
%% Acting?? Never thought about it that way/ don't see many or any similar patterns except plenty in LA/ny But there are plenty of times I dont trade or invest; maybe you are meaning have to be out by 3 cst. But i'm debt free+ seldom pay attention to 5 minute noise charts...…………………………………….
Ok that's a bit of an extreme. Just because you didn't make it in trading, that doesn't mean you have to go all the way down to work in McDonald's. How about another career doing something that you are interested in and is more rewarding and pays more than a McDonald's job? There are a MILLION careers out there besides working for McDonald's and trading. LOL And there is also going back to school to learn something new. And besides it seldom takes just 1 try to be able to make it in trading. Sometimes it takes several tries to finally be able to pay your bills with trading. When you don't succeed the first time, you try, try again.
Put in this way. Trading is like any other profession, but for some reason the average Joe who picks up a trading book and reads a few pages of it feels like he could take on the world and make millions. On the other hand you never hear of anyone picking up a book on "Surgical Practices" and think he could operate on someone's brain the next day.
Right. Trading is not for everyone. These are the people who are not suited for trading - perfectionlist. they want 100% accuracy. They should be archer, not trader. - people who want to spend as little time as possible trading. they don't want to glue their backside to trading chair and eyes to computer screens for many many hours in a day, day after day, week after week, month after month ...