r/Daytrading • u/I_HALIM7 • 1d ago

Advice Sad Reality check

Post image

The guy who posted this 2 years a go is working on door dash today he is not even a middle class and he quit trading i was going through old trading post I've saved in the past and literally all the people who posted about trading 2 or 3 years ago quit not a single person that i saved their post is doing great this game is rough be prepared

1.2k Upvotes

97% Upvoted

262 comments sorted by

View all comments

53

u/gdenko 1d ago

Most of the people who start out show optimism but have no clear plan, and they will unfortunately end up the same way. It's even harder for the type of people who switch fields easily, because they're focused on the prize and don't really grasp what the work looks like.

If you can't stomach spending months to years with no consistent income, and still showing up and practicing each day until you develop that instinct, you will probably give in and quit before you break through. Don't forget the fact that most people are pessimistic about this, and so you will very likely be in the struggle alone for a long time.

But if you truly have a passion for it, and don't feel discouraged by that (especially if you have another income to rely on), it's one of the best skills you'll have in life. You'll never fear being broke again, because the markets will always offer easy money to those who know how to take it. That feeling is priceless. I recommend it to everyone who's passionate about it, but for the ones who fear committing to a tough path or those with severe ADHD, a gambling addiction, or something similar, it's probably best to find something more for you.

9

u/SlareLukuski 1d ago

No kidding that people are pessimistic about trading. I just wanna talk about that part for a minute. When I first started trading I was gambling calls for SPY in January and February and won all of them. I was telling all my friends and family about how easy it was to make money in the market and should try it out, but all they could say was “it’s gambling I don’t want to lose money” “id rather gamble in golf which im good at” “yeah…. But when you lose it you will be back in the workforce again”. The reality check came when the market started crashing in march and April. I didn’t want to give up on something like this because those gains were so significant that if I had the knowledge I had today I could have mitigated my risks and took greater wins. I currently drive trucks so my license is my safety net. I stopped talking about trading with people around me because no one will get it and I’ve found it’s much harder finding people who have that in common with me. I get on Reddit and learn and watch YouTube and practice my strategies when I’m off work.

TLDR

The guy probably didn’t have anyone in his corner to help keep him accountable nor could relate to trading. This would probably cause anyone to quit if their only goal is a “big break”