Three day traders regret quitting jobs and school for full-time trading
Updated
Updated · Business Insider · May 9
Three day traders regret quitting jobs and school for full-time trading
3 articles · Updated · Business Insider · May 9
Traders in Croatia, Australia and the UK described losses, volatile income and isolation; one earned just €100-€300 a month early on, while another returned to part-time hospitality work.
They said pressure to perform, limited capital and unrealistic expectations shaped by social media trading influencers made full-time trading harder than expected, despite one Australian trader later making more than $200,000 in a year.
Interest in “trading full-time” has surged 684% over the past year, but the traders said steadier jobs or side income offered more sustainable paths than relying solely on markets.
Social media sells a day trading fantasy. What is the brutal, unspoken psychological cost of pursuing it?
As trading apps become more like games, are we being conditioned to gamble away our savings unknowingly?
The main barrier to day trading is now gone. Will this create a new wave of wealth or financial disaster?