Risk

Agreed. Most people should not be permitted to do any form of short-term trading. It takes nerves of steel, very high intelligence, tolerance for risk and stress, and the ability to lose money without flinching. You’re playing against the worst sharks in the world who will eat you alive without a second thought. Most people will be bankrupted.

And yes, I do know. I day-traded for years actively and made 64x my initial investment before I mostly hung up my spurs. Yes, that is 64 times, not 64%. Unfortunately, I did not have all that much capital to start so I didn’t get as rich as I could’ve if I’d started out wealthy.

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