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Here is my unconventional take on why trading in the stock market is not for most, if not all, people. Also especially if you're a seafarer. Trading will always be a losing game and investing still trumps it in the long run. Know more by listening to this episode! Enjoy!
Timestamps of the episode:
99% of traders lose their money [02:25]
Random reinforcement bias [04:07]
A story about John the Tiktok trader [04:51]
The 1% of traders who profit consistently are built different and its not you. [08:45]
Trade taxes and commissions are already a hurdle before you start trading [09:56]
Zero free commission trading isn't really free. [11:12]
Trading is a full time job. [12:14]
Not every one has this personality trait needed to be a successful trader. [13:14]
You don't really know what is your risk profile. Really. [16:41]
Reach out to me thru my email- [email protected]
and my Facebook page as well- https://fb.me/theseafarerinvestorpod
By SeoshinHere is my unconventional take on why trading in the stock market is not for most, if not all, people. Also especially if you're a seafarer. Trading will always be a losing game and investing still trumps it in the long run. Know more by listening to this episode! Enjoy!
Timestamps of the episode:
99% of traders lose their money [02:25]
Random reinforcement bias [04:07]
A story about John the Tiktok trader [04:51]
The 1% of traders who profit consistently are built different and its not you. [08:45]
Trade taxes and commissions are already a hurdle before you start trading [09:56]
Zero free commission trading isn't really free. [11:12]
Trading is a full time job. [12:14]
Not every one has this personality trait needed to be a successful trader. [13:14]
You don't really know what is your risk profile. Really. [16:41]
Reach out to me thru my email- [email protected]
and my Facebook page as well- https://fb.me/theseafarerinvestorpod