Few arenas are more cut-throat than that of competitive chess. Thousands of the brightest minds compete to be the best. They’ve been groomed since they were young children, and often had dedicated coaches guiding their development. Thousands of hours of study and practice. And here is their financial reward: $2,000 prize for the first place finisher in a grueling 1-week tournament. There’s countless great chess players, but only a few household names that can make money from sponsorship. So the reward for most is the prize money. They can be a top 5 ranked player in the world and their prize is $2,000. That’ll be good enough to pay for the air fare and hotel they needed to attend the tournament. And that’s if they win.
Now think about yourself as a trader. If you become good enough to be considered world-class, you can readily make millions. A top 5 ranked day trader (if there were such ranks) can realistically pull in $2 MILLION in a single great day. Numerous independent traders have been reported to pull in consistent 7 and even 8 figures year after year. And you don’t have to wait for the next tournament to cash in. And you don’t have to travel and stay in a hotel. “Must be nice”, the professional chess player thinks to himself.
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