The catch is that 1) you have to love it, 2) you have to spend an insane amount of time educating yourself about markets, and 3) you have to be willing to deal with the insane emotional stress of making $20,000 in an afternoon and then losing $30,000 that night after dinner. It’s like poker stress times five.
Periodically, I pick my friends’ brains about this stuff because I find it interesting and this is what I’ve gleaned: There is a lot of SHITTY information out there. So much, that you’re better of just learning the fundamentals and then observing and developing your own principles and ideas based on your own experience and observations. You’re never going to learn more about a market than everybody else, and there are always going to be insiders who have more information than you. So the best you can do is learn to watch the trends among the other trades and react based on those.
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