Why do people say trading is the hardest way to make money, when it's just not true?

Discussion in 'Psychology' started by Coin Flip, Sep 23, 2024.

  1. Businessman

    Businessman

    Profitable trading is actually not that hard.

    But making a living from trading is very hard, if its your only source of income, paying big living expenses and experiencing a big multi month drawdown at the same time is not only hard, its torture.

    That situation is much worse than being unemployed, which sends many into depression just by itself. Now you got the double depression of having no income for an extended period to pay your bills + also losing money on top.
     
    #21     Sep 24, 2024
    test_user likes this.
  2. lindq

    lindq

    One of the biggest risks in trading is OPPORTUNITY LOSS. The time you may waste trying to beat the markets is invaluable. You can't get that back. So many stories of guys wasting 10, 20 years and barely breaking even, when they could have spent that time advancing their careers, education, and marketable skills.
     
    #22     Sep 24, 2024
  3. poopy

    poopy

    How do you cope?
     
    #23     Sep 24, 2024
  4. MarkBrown

    MarkBrown

    if you have no mentor this will happen 100% if you have a mentor it will happen 99% lol
     
    #24     Sep 24, 2024
    beginner66 likes this.
  5. Coin Flip

    Coin Flip

    The thread is not about "trading is difficult." The thread is about people saying "trading is the hardest way to make money."

    I don't think you are that dumb to fail to understand the distinction, I think you are just being disingenuous to try and rage against me and others.
     
    #25     Sep 24, 2024
  6. Coin Flip

    Coin Flip

    One day I hope to rely on daytrading for my income.

    My sample size of daytrades is large enough since 2022 that I can draw the statistical conclusion that my profitability is not due to dumb luck.

    Not sure where the pent up rage is coming from. From what I gather, you are a swing trader or investor, and not a daytrader. So I don't think you should be raging about daytrading.
     
    #26     Sep 24, 2024
  7. This passive aggressive way of replying to people is what get you comments spotting your bullshit. You like yourself way more than you should.
     
    #27     Sep 24, 2024
  8. You can say the same thing about business.
     
    #28     Sep 24, 2024
  9. tomkat22

    tomkat22

    I would bet there's not more than 5,000 retail traders in USA alone who make enough from trading to live on. Does that number sound too high? Too low?
     
    #29     Sep 24, 2024
  10. 2rosy

    2rosy

    who are the people saying "trading is the hardest way to make money" ? If it was possible, I'd create a single dealer platform and take the other side of all ET trades. Seems an easy way to make money :cool:
     
    #30     Sep 24, 2024