~Snip~
Talking about point number five , there's no guarantee of success in any type of trade be it swing trade or day trade, there are people who become successful from day trading while others achieve financial stability through swing trade. It all depends on you as a trader, first of all you must be very decisive of what you want. If you want to be a day trader then look for ways to master your skill set and you can do that by always running back test, strategy development and perhaps participating in a mentorship class. The only thing required of you is discipline and consistency.
While trading can make you money but it is only the investment that will make the life changing money. There is no comparison of trading with investing and one should focus on investing too while having the trading fun all long.
Trading can be further classified as swing trading, day reading or scalping etc. I think the most profitable is the swing trading while the most difficult is the scalping which is made only for the advance traders or who has lot of time to spend in front of the screen.
I know so many people that are making real money from trading and what they do sometimes is to use a large part of their profits to invest in other sectors as a hedge. Some buy invest in real estate, some buy cryptocurrency while some also do several other types of businesses. This does not mean that the money will stop coming from trading, they just have to diversify so that whatever happens, they will always have funds to run their lives. You see, trading is not all that bad as most of you think, it still come down to the level of knowledge and discipline you have.