Trading is harder than most professions because traders face institutional competition with superior capital and information, their own psychological weaknesses like impulsivity and self-doubt, and an industry full of scams and deceptive brokers. You have to beat all three at once.
Chapters
Trading is already hard enough. It's not about choosing the easy path. It's about choosing which hard you want to go for. But I have to be honest with you guys. It is one of the hardest professions in the world because of the high level of competition, because you're not competing just with the markets, which is a huge amount of very— of people that are smarter than you, have better information than you, have better tools than you, have much more money than you, have more experience than you, have been in the markets for hundreds of years and have been dominating this industry for centuries. Centuries and they built it, you know, the big families, the big banks, and, you know, all that kind of stuff. First, you're competing with this. Second, you're competing with yourself, your mind, your impulses, plus the industry, which is constantly trying to deceive you, and the brokers and the influencers and all the industry type of scams. If you want to make it in trading, you have to beat all of this.