Considering that people still play the lottery and go to casinos when the odds of winning the lottery or at the casino are much lower than trading, I will stick with trading.
There are only 30 NBA teams but 1400 US colleges with a basketball team, perhaps 21,000 college players total. The odds of each who plays college basketball, drafted by the NBA each year and be able to make a living playing (2 draft rounds, 60 picks): < 0.3% You can go down the list, baseball, football, concert pianists, concert violinists, actors/actresses, doctors.... In life it is never easy to be really good and successful at something, anything.
I think it is less than 1% that do well in day trading and or scalping, took me several years to be consistently profitable. Running all the stats of my profits through the years, 65% is long term futures trading. I don't do much swing trading which is basically adding onto positions. 20% has been long term stock investing/ dividends, selling calls. Aprox 15% been intraday. This is from starting 1978... Last couple years been cutting back great deal of intraday and stocks, eventually it just be long term commodities. Getting to age where just not much interested in trading much.
You probably don't remember, back in 2014-15, you were kind enough to give me some coaching and made me a much better options trader.
%% Good points, Handle123 . EXCEPT ; like Jim Cramer wrote\ one asked ''are you an investor or trader'' His answer= ''I dont even like the question, LOL'' Great answer. Other big 5 +exceptions, SPY + QQQ, sometimes PSQ, cash copper , REALTY, are great benchmarks. Now where is it ever written/ I will limit myself to trade or invest in those.......
Hello TrAndy2022, My odds are 100% in my favor I will be successful and extremely rich. GURANTEED, no ifs and buts about it. Without a shadow of doubt.
Hello ironchef, Yes, and he is billionaire too. As he should be, because he deserve to be. How can you not be a millionaire in trading? It is impossible.