Just now I was scrolling through my social feed and saw an old friend we used to trade with. He’s switched careers and now sells insurance.

In the comments, someone asked why he doesn’t trade anymore. He replied with a line: “Trading is not a meal that lasts forever.”

I stared at that sentence for quite a while.

To be honest, people who trade have all thought about this question sooner or later: Can I keep doing it for good? When you’re young, you’re healthy, you can stay up late, you can handle pressure, and you can also digest the ups and downs of profit and loss. But what happens when you get older? At forty or fifty, can you still keep watching the charts every day? Can you still withstand swings of tens or even hundreds of thousands at a moment’s notice?
Most people’s answers are no.

This profession—trading—looks free, but in reality it’s a “youthful” job. Your reaction speed, your energy, and your ability to take stress all decline as you age. And there’s another problem: there’s no real accumulation. If you trade for ten years, you may not be much better off than someone who’s only been at it for five.

That’s why I’ve always felt that traders need a backup plan. You can’t pour all your time and energy into trading; you need to leave yourself an exit. It could be doing other kinds of investing, learning a skill, or running a sideline business.

Someday when you don’t want to do it anymore—or you can’t keep going—you’ll at least have somewhere to go.

If you’re still awake, come chat with us here. Have you ever thought about your own backup plan?

Good night.

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