It's the first time i've seen so many comments calling traders bottom
feeders, who do not contribute to society.
Day trading can be very exciting and make you a lot of money. But does it add
any value to society? 2020 and 2021 are two very interesting years for traders
in the stock market, we have more and more people drawn to the market after
losing their jobs or because they are part of the "Great Resignation" they
decided to quit the corporate jobs and fly solo to explore what they can do for
themselves without the iron grasp of big corporations. Never have elements such as
passion, fulfillment, contribution to society; being such important
considerations for evaluating career choices and never have I gotten so many
emails or comments about: Is day trading fulfilling? and does it add any value to
society? and for me as a former traditional 9 to 7 job escapee who
jumped ship to start a full-time day trading career. This was definitely an
interesting question that really got me thinking for the last couple of months
in this video I want to have a critical discussion about day trading with you
guys. Let's evaluate everything comparing my former 9 to 7 career versus day
trading and I'll be grading them based on the three main questions which is
fulfilling, financially or spiritually, and most importantly which path adds
more value back to society...and let me tell you not every career is getting
straight "A's" on this exam...what a shame. By the end of this video you'll be able
to decide whether this journey of day trading is worth it for you to continue
on or perhaps you may think that no amount of money to the moon
is ever fulfilling enough for you i think the most fulfilling thing ever
done no it's not day trading or even driving my lamborghini it's smashing
that like button whether the market is going up or down or sideways to nowhere
the like button is always there to accompany me through the good and the
tough times and especially when my ex-husband won't call me back so a
little bit of background about me before getting into a full-time day trading
career i've definitely had a whole range of different jobs and different career
experiences as being a part-time dishwasher at tim hortons and i've also
sold movie tickets at amc theaters okay just kidding i wasn't that cool we only
have cineplex here in canada but besides part time retail jobs i've also worked
full time as a graphic designer and vfx artist and after going through all the
spectrum of positions and definitely a lot of different pay scale i would say
that there are three pillars that you should consider when evaluating your job
and whether a career is worth it for you to enter or keep this definitely applies
to day trading these three pillars are financial compensation value add to
society and self-fulfillment let's talk about the first pillar financial
compensation it's the number one reason why people are drawn to the stock market
and why people want to learn about day trading to make money and expand their
income potential so in terms of evaluating my former career based on the
first pillar financial compensation my former career in vfx started out low but
gradually became better over time as i gained more experience and network in
the field however it was just not very stable and there is definitely a ceiling
on the earning potential so out of a scale of 1 to 10 for financial
compensation i would give my former career in vfx a 6 out of 10. around the
same time i started working in vfx i also started to learn to day trade on
the side as well and it was my part-time hustle starting in my early 20s i was
young and i figured i only had so little to lose financially but what i had was
time i had the time especially in between my vfx contracts to really learn
to day trade and i would just be paper trading or trading with very little
accounts of risk such as 10 or fifty dollars fast forward many years
later all the hard work had paid off because of trading along with my savings
for my job and living frugally i was able to quit my nine to seven job pay
off all my student loans debt and purchase my first home in 2016. when
you're day trading full time as a career your earning potential is no longer
capped by the number of hours you could work but by weather you have the skills
to capitalize on the market opportunities and for that reason for
the financial compensation pillar i will give day trading a 10 out of 10. in my
opinion just evaluating based on the first pillar day trading definitely
trumps my former 9 to 7 job remember to follow along here and let me know how
your job compares to day trading for each of the pillars now let's move on to
evaluating the second pillar of career satisfaction
value add to society let's start off with day trading this time does day
trading add any value to society let's be real there is a zero
zero there is a zero percent chance that day
trading adds any value to society come on let's be real and honest here the act
of buying and selling security assets within minutes hours or sometimes even
days or weeks does not lead to any productivity for the society and it does
not provide any substantial capital for company growth you could probably argue
that trading helps with price discovery but the funds are hanging out of these
assets just right in the price fluctuations and as traders we treat
these stocks as trading vehicles not truly as investments for value growth
long term that could actually help stimulate the economy yes it is true
that wall street the big funds they've been doing this for decades now with a
rise in the popularity in retail trading during the pandemic it's the first time
we're seeing some meaningful discussions debating whether retail trading is just
as evil as the big hedge funds as i've seen the growth of this youtube channel
since the start of 2020 there's no doubt that there's more and more retail money
pouring into the market and it's the first time i've seen so many comments
calling traders bottom feeders who do not contribute to society but take a
moment to think about this was adding value to society really the goal of this
whole retail movement or was it simply to even the playing field so you and i
retail traders and investors finally could get a substantial piece of the pie
of the first pillar financial compensation and the same people who
called retail traders bottom feeders what are they doing watching a video
about amc or gamestop then are they not themselves trying to make more money
everyone wants to see their meme stocks go to the moon right is it so these
companies can add more value back to society or so the retail investors or
traders can make more money i don't have perfect answers to any of those
questions but on a scale of 1 to 10 when evaluating the true value add to society
i'll give day trading a 0 and my former career in vfx and 8.
feel free to share your critical thoughts on how you would grade your
career and day trading in the comment section below the third pillar we're
evaluating is personal fulfillment i'd like to acknowledge that being concerned
about whether your current career is fulfilling or adds any value to society
is extremely privileged i certainly recognize that and if you're in a
similar situation i hope you could reach the same realization too right out of
college i was struggling to pay the rent in los angeles i wasn't in a situation
to be concerned about my personal fulfillment back then i just wanted to
be able to keep the floors to put the mattress on over the years yes i did
slowly work up my salary over time and one could definitely argue that my job
in vfx was way more productive and contributes a lot more to society since
i was creating movies and tv shows for everyone's entertainment and so big
corporations like disney or paramount could make more money on merchandise but
hey that's a conversation for another time
like i mentioned in this video i was extremely unhappy working my job the
long hours the dark dark work environment and the negative and
sometimes even hostile work culture in the industry i remember that i never
made so much money and be so miserable at the same time and for that reason i'm
gonna give my former career in vfx a two on personal fulfillment consider this is
it really worth sacrificing your mental and physical health to keep doing a
career that sure could pay quite well and perhaps contribute more to society
answer this question for yourself don't let anyone else answer this for you and
for me it was not worth it now let's take a step back and look at a few other
common careers teachers engineers and doctors i respect teachers a lot my very
own mother mama humboldt was a teacher but i also know that she did not get
paid enough she is one of the many teachers who are passionate about
teaching kids and helping to shape the future adults of tomorrow they are very
fulfilled personally and definitely add a lot of value to society but guess what
inexpensive cities like vancouver or san francisco unfortunately they do not make
enough to afford to live there many teachers i know have to live quite far
away from the metro area and find a two-hour commute in and out of work
extremely draining on their physical health on the other hand we can take a
look at doctors or engineers i respect what they do and yes they do deserve to
get paid a lot but i also know many people who only got into those fields
for the money and not truly because they are passionate or fulfilled about this
career so how do we resolve this then because it seems so difficult to find a
perfect career that truly satisfies all three important job satisfaction pillars
in my opinion what you do for work as a career does not have to be the only way
to achieve all three of the pillars it would be great if it does but the
reality is that's rarely the case if your current job excels in one or two of
the pillars it's worth it to find other outlets outside of your job to fulfill
the missing pieces while day trading started out as a
missing financial compensation for my former 9-7 career it gradually became
more and more fulfilling personally like i mentioned in a previous video day
trading changed my life it helped me reach financial freedom and make me a
better person on the inside and outside and where the career of day trading
lacks in value add to society that's where we traders can make the personal
and important decision to give back consider sponsoring a child in a less
privileged country so they can have access to nutritious food clean drinking
water and education consider donating blood and support natural disaster
relief remember as traders we can give back with our money and our time both of
these are something i strive to do regularly in my personal life outside of
trading and outside of social media day trading could be a very rewarding career
if you are one of the many working hard for this journey once you reach the top
don't forget to send the elevator back down
if you watch this video till the very end please leave the word value in the
comment section below this video is a bit different and involves more critical
thinking from everyone and i really love to see how many stay till the very end
and let me know your opinions on all three pillars we talked about today do
you think your current job satisfy all three of the criteria and what about day
trading what does it mean for you let me know in the comment section below thank
you guys so much for watching as always i'm the humble trader and i'll see you
guys next time [Music]
[Applause] [Music]