Anyone actually make living from trading?

Pekelo said:
The fact is there are Uber drivers out there who make consistent incomes from driving. That is not to say they are making a LIVING,
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Sounds good!

Maybe we should have a thread about trading while on breaks driving Uber.
 
Visaria said:
A better question might be, why trade when you can teach? Seems less risky to me.
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Because a trader with a worthwhile edge can potentially become very wealthy. And he normally does what he likes.

Unfortunately these traders rarely post on forums, and if they do they are not giving away the keys to the kingdom.

However, since few people- and almost none here- are big winning traders, teaching; well, you know...
 
Some people like to teach and some people like to trade. A teacher can market, dance and fake, a trader has nowhere to hide, no one to fool...except the self. Someone who trades for a living should not care how much someone else makes or doesn't make.
 
Visaria said:
A better question might be, why trade when you can teach? Seems less risky to me.
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But also less profitable.

A good trader watches for the best risk reward ratio. So it is not a matter of taking the less risky option. The less risky looking option can be more risky then the more risky looking one. All depends of the reward of taking risk. If he is a good trader the additional risk of trading will be exponentially compensated by additional profits.
 
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systematictrader said:
I always want to ask this question rigrously so do NOT take it the wrong way, why teach when u can just trade?
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No, I am not taking anything the wrong way. On the contrary...
I have taught basically to make extra money out of it. The way I trade (or daytrade) pays a nice salary. Why not make more? I have seen with my own eyes guys daytrading making thousands of dollars in one day, almost every day. I cannot do that. I make a few hundred a day on average. Nice salary, but DEFINITELY not millions. I also had a prop office (until I got ripped off by the WTS bastards, I wrote about it in a separate thread), and all the traders I taught were giving me money on a monthly basis. If I taught them well, they would stay for a long time. It was a win-win situation.
 
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