Trading as a career is grueling and demands constant study to find new market edges. Professional traders use multiple strategies, often mixing automated systems with active investing. The speaker urges traders to also hold longer-term assets like Bitcoin, the S&P 500, and bonds, or they're leaving money on the table.
Chapters
If you choose trading as your main source of income, as your main profession, just know it's not gonna be easy. It's not something that you just learn once and you have forever. It's nothing like that. You need to constantly study, constantly research, find new edges, find new ways to adapt to the market. The last thing I would say is they don't just trade one strategy. Most of these traders have multiple strategies and maybe part of them, they run it automatically with some trading system. They might have a part of their money managed with active investing. So maybe they have a little bit holding of Bitcoin, little bit holding on S&P, little bit holding on bonds, you know, and they kind of turn around investment, passive stuff as well, which is great, you know. A lot of traders don't invest at all. Like, I mean, you're a trader, you're a finance bro, and you're not investing? You're leaving a lot of money on the table.