Good morning, tradersā¦
When youāre chasing a big goal ā something that really matters to you ā you tend to focus on the upside.
You picture the glory, the success, the moment when it all clicks. And thatās not a bad thing. That kind of optimism is what gets us started.
But most people donāt realize until after theyāve arrived: the reality rarely matches the version you imagined.
There are always trade-offs and challenges you didnāt see coming.
Options trading is no different.
Before I became a full-time trader, I only saw the benefits. No boss. No commute. Unlimited income potential.
And while those things are absolutely real, so are the hard parts no one talks about.
I love what I do. Iām grateful every day that I get to trade (and teach) for a living.
But Iād be doing you a disservice if I didnāt tell you the whole truth: trading isnāt easy.
And if you want to succeed long-term, you need to understand the pros and cons of professional tradingā¦
The Pros of Trading
Letās start with some of the biggest upsides to life as a traderā¦
Personal Freedom
Few things matter more to me than my personal freedom ā and trading gives me exactly that.
I get to do what I want, when I want.
If I donāt feel like trading one day, no boss is breathing down my neck, telling me I have to.
When Iād rather hang out with my kids instead of staring at the screen, I can. No oneās writing me up or threatening my job.
On top of that, I can trade from anywhere in the world.
Trading gives me (and you) the ability to make money from just about anywhere, as long as youāve got a laptop and a decent internet connection.
No boss. No rigid schedule. No one to answer to. Just me and my OMEN Scannerā¦
That kind of freedom is hard to find in any other career.
Flexible Hours
Most careers demand 40ā80 hours per week of focused work.
But trading is totally different.
Unlike the vast majority of careers, thereās no direct link between how long you sit at the desk and how much money you make.
Some of the most effective traders I know only trade part-time. And some of the cleanest trades can happen in mere minutes.
The flexible hours make it a great side hustle for people with day jobs ā or stay-at-home parents who want to pick up a real skill and make some money.
Not many side hustles give you the potential to earn thousands of dollars from your phone.
Unlimited Profit Potential
In most careers, thereās a ceiling on how much money you can make ā or how far you can climb the ladder.
But not in trading.
If you work hard and can handle risk, the upside is theoretically limitless.
You donāt need anyoneās permission to āmove up.ā Your results are in your hands.
Just look at Tim Sykes againā¦
He started with $12,415 of Bar Mitzvah money and ended up making $2 million before he even graduated from college.
He built a system. Learned how to read the market. And he stuck with it.
To date, heās made over $7.9 million as a trader. Heās a great example of whatās possible ā if (and only if) youāre willing to put in the work.
But letās be clear: these results arenāt typical. Most people wonāt commit to the process like that.
And like anything worthwhile, trading has its downsidesā¦
The Cons of Trading
Letās get to the part you donāt want to hear (but need to): the downsides of tradingā¦
No Guaranteed Income
Most jobs hand you a paycheck every two weeks. But not trading.
Thereās no guaranteed income. Ever.
Some stretches might go great. Others, not so much.
Youāve got to be okay with that. If you canāt stomach a dry spell, trading will mess with your mindset ā and your wallet.
The right mindset accepts this reality before it starts trading.
90% of Traders Lose Money
Hereās an even tougher pill to swallow: Most traders lose money.
Traditional jobs just pay you. Simple. You canāt lose money working at Costcoā¦
In contrast, trading exposes you to real financial risk. No risk, no reward.
Youāll take losses. Hopefully, theyāre small and manageable. But theyāre going to happen.
And the reason most traders fail is because they donāt control those losses.
They donāt use a system. They overtrade. They size up without a plan.
If you want to make it in this business, you have to learn how to take a loss ā and keep it small.
Thatās non-negotiable.
Youāre On Your Own
Trading is mostly a solo actā¦
You donāt have coworkers sitting near you. You donāt have team lunches or a breakroom to vent in.
For some people, thatās totally fine. They prefer it.
But many folks ā regardless of how independent they think they are ā eventually feel the weight of isolation.
Thatās exactly why I built this trading community.
I wanted a space where traders could share ideas, support one another, and learn to crush the markets together.
And speaking of learning togetherā¦
Last earnings season, we had 100 winning trades in a row in Earnings Edge ā donāt miss the next 100ā¦*
Join the great Danny Phee for LIVE EARNINGS WORKSHOP ā This SATURDAY, April 26 at 8:00 p.m. EST.
The best traders donāt stop grinding just because itās the weekend ā Click here to reserve your seat.
Happy trading,
Ben Sturgill
*Past performance does not indicate future results