Amway and Daytrading
Daytrading reminds me of Network Marketing also known as Multi-Level Marketing. You know, Amway, Herbalife, etc. etc.Everyone says they are making money and you believe the idea that if you work super hard, become super disciplined, you will make alot of money also. Now, I really don't know what the exact numbers are as far percentages of who is actually making a living in Network Marketing or daytrading but all I can say is that from my many years of experience in both, it appears like its less then 1%. I have gotten to known some well known chat gurus, as well as experienced daytraders that really know their stuff and they confess that they really arent able to make a living from daytrading. I am currently doing a little better then breakeven after 3 years of working this thing 10 hours a day. Now the really sad part is that if I factor in how many hours I spend a week trading, studying charts, etc etc I would be rich if I had just gotten that minimum wage job at Mcdonalds. You know its the same with network marketing, I met all these people that were so excited that they were making an extra 1k to 2k a month but if you factored in how many hours they were putting in, it was less then min wage!!Daytrading is more addicting then alcohol. Its pretty sad.
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