A short YouTube monologue (Kardec Trader, Feb 10, 2024) addressing whether day traders can be recession-proof. The speaker argues that traders can profit from market declines by trading the downside, so a recession need not hurt active traders the way it does long-term investors.
Have you been able to make yourself almost recession proof? Like, if something in the economy and everything goes down, are you able to kind of get away from being hit? Like I said, with trading, you can make money when the market goes down. So if we go into recession, like, I don't really care because I can still make money. So I can make money on the downside of the movement. If you're investing, yeah, you get hit. But if you are essentially trading on any move down, you can still profit off it. So me as a trader, I don't care. From a trader's point of view, if you go into recession, we don't go into recession. I can profit both ways.
