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Can trading be a full-time job?
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[QUOTE="goodmoneygoodlife, post: 205512, member: 64084"] Making a million bucks in your underwear is entertainment. Meaning: it's pure fantasy lol. Trading stocks can't be your full time job, because statistically speaking, it's remarkably unlikely to beat the market. Even if you're a hedge fund. Seriously, go and google 'day trading statistics' and you'll see how unlikely it is for you to win in trading in the long term. I literally could give any one of you $100 million dollars to hire the smartest people on earth to try to day-trade. I'm confident within 2 years every single one of you will turn the $100 million into a lot less than $100 million if you day-trade. Be smart. Just buy a low-cost index fund. Enjoy diversification. Manage risk. And [B]be patient[/B]. That's how the truly rich people get disgustingly rich. By not day trading. Conversely, day trading is how people who used to be rich become very not rich in a very short amount of time. [/QUOTE]
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