Why I Quit Day Trading: A Journey from Illusion to Realization
Day trading promised quick riches but delivered stress, sleepless nights, and financial risks.
Day trading promised quick riches but delivered stress, sleepless nights, and financial risks.
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“Compound interest is the best thing that can happen to a savings account. It’s like finding a free money tree in your backyard.” – Suze Orman
According to a report by the World Federation of Exchanges, the global market size for options trading in 2020 was approximately $1.5 trillion.
Over 90% of the company’s employees had invested their retirement savings in Enron stock, while also receiving a significant portion of their salaries in stock options. When the company declared bankruptcy, employees were left with nothing.
Less than 60% of Americans have life insurance, with many citing the cost and lack of understanding as reasons for not having coverage. Meanwhile, the average American household has invested over $11,000 in stocks and mutual funds.