/biz/ - Business & Finance

>>10797282
The number one reason in my opinion is a combination of two factors 1) it's incredibly difficult not only because of the skills and knowledge that are typically necessary, but also because "experiment, failure, feedback, correction, experiment" is a psychologically and potentially financially taxing process
and 2) misery loves company. This is a deadly cocktail. I'm not even kidding when I say unless you are surrounded by entrepreneurial or otherwise financially independent people, almost no one in your life wants you to succeed. Your successes make them look dumb and your failures make them look smart. As you succeed they will try to dissuade you from continuing. Women in your life will, family will, friends will, family of women and friends will, and they'll do it in ways you might not even be aware of at first. As you fail, they will multiply the psychological stress of that failure and try to make you give up.

Everyone will try to influence you and have an opinion, but they won't take any consequences for the downside of following their opinion. Some opinions might be valuable, but they'll be so clouded by all the bullshit as to be impossible to really utilize. When you are objectively and undeniably successful, everyone acts like their opposition to you was just a big joke and you should totally welcome them into your inner circle and take them on trips, etc. In order to be successful at the things that will give you financial freedom, unless luck is really on your side, you sort of have to become a dick and get really good at managing the people in your life. A hyper-focused, hyper-disciplined, hyper-efficient, dick. Most people just don't have the stomach to transition into the person they need to be to achieve the goals they desire. Other than that, it's all a big game of trial, error, learning from mistakes, and repetition and almost anyone could find something to make big money off of.

Something I'm curious about for any of the intraday traders out there. On average after the opening drive when things have settled a little, on a long position do you guys typically try to enter on the bids, the offer, or somewhere in between? I have a tendency to try to enter on the bids, but obviously miss more moves this way than I would like and get put into the situation of having to chase. Wondering if that's a pretty bad practice on my part and in the long run I'd be better off trying to skip ahead of the bid or just nail the offer like in faster markets.