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by brokenmasonjars 3371 days ago
I don't know.. I work about 15 hours a month opening up positions and closing them with my brokerage account. Have been doing this for a good 12 years or so now. Granted the earlier years were fraught with hard learned lessons that any newbee would make without proper mentorship.

To me, it just seems like too many see that initial hamster wheel and jump on without thinking much about things. Then again, they lack proper education. I'm not even sure if it's about teaching them how to trade and invest, instead people need to be taught how to think critically and break out of the victimization trend. Then again, I'm not sure if that will help things much either.

3 comments

Can you say the words "confirmation bias"?
You do realize your way of life can never become mainstream, right ?
It can act as an additional revenue source thus allowing you to cut on the hours you work per week. If you can train yourself, or find a proper mentor. Though I think a proper mentor is the real bottle neck, so too many try to train themselves and lack the proper knowledge for where to start; too many go to CNBC to start..

If it became mainstream it would just mean more volatility which for me.. volatility is a good thing. Yet were not even close to that, not many trade. Which is fine too, adaptability is key. I think the "you can't" stuff really flows out to other areas of the economy, e.g. starting up etc. So we get into this thing were people don't even try, or they try and fail once and don't bother getting back up. Granted, having a family etc is problematic .. though I do know someone who failed thrice starting businesses while being a mother of 5. That has to be pretty challenging and seeing her persevere tells me many more can be successful if they get past the initial hurdles.

I think what the parent means is that not everyone could do this and make money and then have to work less.

If that were possible, then it would also be possible for no-one to ever have to work, which might be possible in the future, but not right now.

It's mathematically impossible for everyone to win at gambling. Every you dollar you make is lost by someone else.
Care to 'mentor' me ?Email on my profile.
>I work about 15 hours a month opening up positions and closing them with my brokerage account.

If you're going to brag online about your investment performance, post your anonymized brokerage statements. Otherwise, you're just another person who's full of it.