It seems only natural that traders and even industry outsiders admire those high-profile, hedge fund and institutional traders, who can have millions of dollars (or more) on the line with just the swoop of a finger.
And likewise, who doesn't think about what days would be like as a grizzled floor trader, each day battling against the competition amidst the chaos of the trading pits at a major exchange?
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Believe me, I get it; the mere idea of trading big money in the fast-paced world of intraday trading is indeed rather "sexy." But here's an honest truth about trading: The lifestyle trader has a distinct advantage over each and every one of those high-profile traders, and I'll show you precisely what it is right now…
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