This is a YouTube video titled "The Cost of Trading: Balancing Time and Financial Goals" containing a monologue or talk discussing the financial impact of time spent trading, emphasizing the opportunity cost of hours invested and the importance of considering personal and financial priorities. The content appears to be a single speaker explaining these concepts without a conversational format.
Here's the rule of thumb. For every 10 hours a week, at $20 an hour, every 10 hours is costing you 10,000 a year. So if you're putting in 20 hours a week, that's 20 grand a year. You could be making, doing something else. And again, just let your money sit over here and make it 7% a year. You know, trucking with the S and P. So. Or, you know, some other managed fund down at Schwab or Edward Jones or, you know, some other. Some other investment house. So it's really important if you're. If your objective with all this is financial, then you have to pay attention to the financials. You can't just say, my time is free, because your time is your life. If you're putting in 10 or 20 hours a week with your trading, that's 10 or 20 hours a week. You're not doing other things. You're not living your life. It's, you know, pursuing personal interests or personal growth or, you know, helping out, you know, with a cause that you like, or spending time with your kids or your spouse or vacationing or any of that kind of stuff. Those hours count because if you're investing them in your trading, you're not getting to spend them elsewhere.
