The answer is an unequivocal YES. Because GREED leads to irrational decisions. Most of us flock to what we believe can make money in a short period of time, and possibly make better money vs slave labor 40 to 60 hours a week. I've yet to meet a man or woman who would not prefer working for themselves instead of working for someone else. All of us are driven to acquire FREEDOM.
%% SURE True; with me, not really cut out to work for some one else. Some may hate thier work, but grind-slave thier way 40 years for a gold watch exit LOL Peter Lynch actually did enjoy his work, but his wife loved L'eggs panty hose, good co he noted . EVEN if i quit trading + dont plan to; traders [some investors] tend to study more charts. SPY\QQQ monthly down red close today. NOT that 7or 8 days is a month. bacrhart.com lowered SPY buy 100% to 80% buy as of 4;08cst\same with SPXL\UPRO; ES=8% buy\100% buy last week. Sorry a 79or 80 year old woman got killed by a rouge elephant, big+ deadly loss.
You cannot lump all the retailers together. Ultra Lazy gullible Retail investor / trader - 0.0000001% actually win Retail investor.... 5% actually win Retail swing trader.... 5% actually win Retail day trader .... 10% actually win * * You rarely see investors and swing traders in the trading houses / hubs. The overhead to lease a trading desk could be around $1k/month.
The below numbers are from Futures and Options traders in India but more or less it happens everywhere. Number of traders 45200000 Males 80% Females 20% 89% of F&O traders lost money. 11% made money but the top 3% took 80% of the profits. The reality is only the top 3% can make a living out of trading.
Hello schizo, This is what made me a consistent profitable NQ/ES trader. You need to be discipline and focus. https://www.tiktok.com/@beyoutifullieflawed/video/7335610654998547754?lang=en