A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are
- starting a YouTube channel and making money of
a) affiliate program
b) YouTube ads
- Having a paid course.
- Trading signals
- Selling trading merch
- impressions
- and others.
The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.
The problem with beginner traders is that believe in what they see online than practical results. Few months ago a popular trader posted a trading signal and because of how influencial he is a lot of people copied that trade, the amounts of money they put into it was really crazy but they did that because they he's an accurate trader, not one person made profit from that trade. Most of these people don't trade professionally, some flip without applying risk management, they just try to get others to buy their courses.
Lets just that accept the fact that most of us had been dragged down to trading just because of that having that interest on making huge amount of profits and thats indeed the reality. Even myself was guilty on this one when i was still a noob on which i have seen those huge profits online that being flexed or showcased on which the primary thing that comes up into your mind is that on how you would be also doing it. This is where your interest will be boosting up and this is where your mind will be telling you that you should be diving in with this career. On the moment that you had stepped your foot into this volatile space, then this is where you would be starting up to make up those kind of realizations that dealing up with trading with a volatile market is never been that easy. This is where you do appreciate on how those traders been able to survive those ups and downs towards trading. Some people do make out some realization at the moment that they have been able to experience it for themselves.
Speaking about being not profitable then lets just accept the fact about on the percentage then it will be that so small in compared into those who are making money with trading. There are actually who do changed up their lives because of trading because they have been able to sustain or survive but of course it wont be an an easy path to take on which only a few could be able to survive or able to sustain up.
So far i have been on the process on trying out to learn up even more about trading on which i've been trading for 2-3 years already but i do still have that feeling that im not that confident enough to say that im profitable. Im still on breakeven but it doesnt mean that it would be giving up on my dream on becoming a trader. There are just that those times or moments that you do feel like on giving up but it will be just that depending on you on how you do pursue up such target or goal.