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Chris Cole of Artemis capital (who i consider extremely intelligent) has made this same argument stating that passive etf investing is all fine and good until shtf...which is where active managers really earn their keep.
Im of the opinion that it is a good thing and the more power to earn in the hands of the common individual the better. This "when the market crashes you really need a professional to limit your losses" argument is trash. Just buy and hold and when in doubt, scroll out.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
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I'm not making the 'you need a pro to manage your money argument'. The point of the stock market is to allocate capital to companies. Good companies should get capital at cheaper rates than bad ones. That no longer happens. High momentum companies get cheap capital. I subscribe to the belief that in the long run that is bad for the markets.
I agree with the: you need a mentor to learn to properly trade . I was lucky to bump into a course about twenty years ago. He did not advertise and it was basically a word of mouth course. I truly have not looked for much trading info since. At the time I knew this course was all I needed to trade successfully. Unfortunately he is retired. He was a former CFO, and a very successful trader. The reason he taught an online, a very reasonable for what you learned, course is because he said he felt lonely trading and wanted to interact more with people. Good luck in your trading, and as he would say " you are brave for trying".
I believe in the early days of day trading their was a bit more hands honesty then teaching nowadays. Professional and successful traders actually wanted to give back to serious beginners traders.
I have never in my life met or heard or seen a proven future market manual day trader with a performance track record of +1 month that open to the public for viewing. In addition, I do not think I ever will meet such a person. Perhaps, one day I become the person.
However, I know of one scalper day trader who is proven stock trader with a reliable track record of 2 years and the proof is below.
You live in the same area as that first guy, if I were you I'd be camping outside his house to watch him trade live...assuming all of that performance is real...