friends want to learn trading, funny spectacle

Quote from insert:

Out of 4 academic friends who wanted to learn to trade.

NOT ONE COMPLETED TASK NUMBER 1

Point is, if you do not have true interest in trading, the kind of interest that keeps you up at night.

Just pick something else to do with your life.
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Have you considered that they might be more profitable at their job than they could be at even successful trading?
 
I tell ppl. how much are you willing to lose to learn how to first become break even, and then profitable? Most times they say nothing, I don't want to lose money!

I tell just take your money to Vegas you will be happier and I won't have to concern myself with them. They look at me like I don't want to help them. I tell them I just saved you 5-10k, now say thanks and be thankful. They have that blank look and never ask again.

It's the truth for most like me. First we lose, then some of us get serious, trade to B/E and then make some money, while we struggle to be consistent. I am in the latter after 2 years full time. Trading is no different, in this respect, than any other biz. It takes time to learn and make money. Anybody that really trades know that.
 
Quote from stupididiot:

Have you considered that they might be more profitable at their job than they could be at even successful trading?
More...

actually no

successful trading is way more profitable
 
insert...

Excellent post and thread. The beauty of your wisdom is its simplicity. The "barriers to entry" in this business are so low that everyone wants to "give it a go" at some point in their life. But the truth remains... very few individuals have what it takes to be a successful trader over a long (career) period of time.
 
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