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So I had an interesting conversation the other day with one of my girlfriends. We were just talking about work and you know, what I was doing. And she was, you know, questioning about the risk management of trading. Right. And that oh, that it’s so risky.
And I would say, yeah. Obviously, there’s some risk involved because, you know, you’re putting your own money on the line. It’s kind of like investing in your own business and wondering what’s going on. But more on a daily basis.
And she had like a little aha moment for a minute when I was explaining to her that she remembers she recalled one job that she had. She said that every day her and the colleagues and her other colleagues would arrive to work and look outside to see if their belongings were not on the street.
There was absolutely no job security at this place. Right. I don’t remember what it was. It was some corporation. And every day they would see if somebody’s stuff was outside, because if it was outside, that means they were fired without any notice. And this is how they worked. Every single day they would arrive to work and look outside.
Can you imagine living with that kind of fear every day and just go into work is risk in itself. Right? So I was thinking, what day tweeting has the same kind of risk involved, but you are 100 percent responsible for that risk.
You wouldn’t go into a trade without knowing what you are doing, right? I mean, then you’re just a gambler. And day traders are not gamblers.
Yes, there’s risk involved in day trading, but it’s very calculated risk. You know exactly what you’re doing. You know exactly how much you’re putting on the table.
So when people are going to bring up, oh, is day trading risky? It’s not any riskier than just a regular job that could get rid of you without a moment’s notice.
But this way, at least you are in control. You know what you’re doing. So it’s not that risky. So if you have any questions about risk management and learning how to deal trade, I’d be happy to help you because day trading is not complicated. It can be quite simple and it does not have to be risky.
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