Myth: “Traders only need 1 income”

In trading there are 2 kinds of people:

1. Those that think trading will solve all their financial problems.

2. Those that know trading isn't the “holy grail” of financial freedom.

Today I saw a comment on my YouTube that made me think hard…

Myth: “Traders only need 1 income”

There's a couple of issues with this thinking, and I couldn't let it fly without a quick comment.

Alright let's have a look…

Part 1: “all these traders needing a side hustle is a worrying sign”

The market works in cycles… and whether you like it or not, no one can predict it.

Yes, even with tons of experience and a deep understanding of “smart money concepts” lol

We, as traders, just execute a trading plan.

Granted, we've put tons of hours into making sure that our plan works long-term with a good equity curve.

But you can't give the market a signed contract with your requested salary on it.

So if you wait for paycheck from the market, which you can't control, to pay your bills…

…you're making it very risky.

Not impossible to do it but…

You either have to live waayyy below your means relying on 1 income.

So if you make $10k/mo. on a good month, you'd aim to live on $2k/mo. so you can go through drawdowns & slow months effortlessly.

Or you can build other income streams to add more predictability.

But the other big question is…

If trading takes 1-2hrs of your day (like for me) as a swing trader… what the heck do you do for the other 12 awake hrs?

“Ah I'll just take it easy & relax on the beach”

Studies show this becomes quickly depressing & meaningless.

You have no goal, purpose, or connections with people.

So you might as well get to work on other stuff you love, grow your comfort zone, or build a wealth empire.

Part 2: “in a world with unlimited leverage”

All I gotta say is…

If you think trading will make you rich because of unlimited leverage, you're in for a shaky ride.

While it's true that unregulated brokers offer 500:1 or more leverage…

Regulated brokers (where your money is protected) are being forced to cut down with new regulations.

If you could make good money on 500:1 a few years back, you're now stuck on 30:1 or possibly less!

Your potential gains decreased by a huge 94%.

And trust me; they will continue to do so.

But honestly, that's just the tip of the iceberg…

Because most traders don't understand that high leverage allows you to make more money, BUT also lose a lot more.

A trader with 500:1 leverage can easily blow his account on 1 trade if he's aggressive on position sizing.

It's cool to show off your big trades on social media and all.

But beyond the camera, these “trading influencers” have countless blown-up accounts.

Hope you got my point by now.

But what do you think?

Desire To Trade's Videos Of The Week:


I may not reply to every email, but I do read all of them.

If you enjoyed the wrap-up, please share it with a friend. If this was sent to you by a friend, get the next Friday Traders Wrap-Up by signing up here.

Who is Etienne Crete? I help people quit their 9-5 jobs to scale up their trading & live on their terms.

Want my help? Check out all of the ways I can help you here.

Keep crushing it 💪 📈

~ Etienne Crete


When you're ready, here are 5 ways I can help you get profitable & scale up your trading…

1. Join my free Traders Community FB group.
Connect with other aspiring traders who are on the path to getting profitable and scaling up their trading – Click here

2. Trade on my funded accounts up to $3M.
Pass my evaluation with no time limit and I'll fund you live capital to trade with – Click here

3. Run my profitable automated trading strategies.
A hands-off way to trade proven & tested strategies without being at the charts too often – Click here

4. Scale up your trading by leveraging online prop firms.
If you're looking for more momentum, either to eventually quit your 9-5 job, or make trading worth your time, just reply to this email with “Prop Firm” in the subject line.

5. Work with me One-on-One.
If you'd like to work directly with me to get profitable, become a full-time trader, or stay consistent… just reply to this message and put “One-on-One” in the subject line… tell me a little about your trading and what you'd like to work on together, and I'll get you all the details.

PLUS: connect with me on social 🙂


I Need Help With

Myth: “Traders only need 1 income”