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The genre of traders who can’t handle drawdown and expect to live their dream life off of trading. You think every week is supposed to be a profitable week? Or a profitable month?
Big businesses who employed thousands of people far smarter than you still have poor quarterly revenues, if that wasn’t the case their stock prices would go up infinitely, but you expect to have 100% win rate in every market conditions. This is why many people fail. They have absolutely no understanding of risk. Look at crypto for example, all the chatter and excitement is gone, why? Because markets are down, these individuals have no understanding of risk, so when the markets are down (which is the best period to actually start looking at building positions), they lose everything because they have no understanding of risk.
When eventually, markets start to print higher, watch all these people then come and DCAA in at all time highs, missing out on life changing returns, and repeating the cycle all over again.
The markets are a test of emotional maturity, and ability to adapt to risk. I do think it is a good thing though, that these markets filter out those who are cut out for this as a career.
Being a full time trader means you have to accept there are times price won’t give you what you want, and it’s your job to focus on preserving your downside first. Problem is if the gurus said this, you wouldn’t buy their courses and 3-day bootcamps
Many of you view this as a quick path to wealth, it is and it isn’t. There are market conditions for building wealth rapidly, there are also market conditions that calls for you to adapt risk as a professional. If you genuinely view this as a valid career path and not a “side hustle”, then you understand that you’ll quickly forget about these price conditions once better markets come by (which they inevitably will because that is the cycle of the markets)
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