Pro Athletes Turn to Day Trading During Coronavirus Pause
Sports stars nationwide looking for game-day adrenaline have taken up day trading, while the coronavirus pandemic has left some sporting seasons on hiatus.
London-based OSTC offers free training courses for professional athletes and claims to have more than 400 registered athletes already, including members of Manchester United and Arsenal FC.
Zishi’s global head of professional qualifications, Robert Russel, told FOX Business that the company wants to hire sports stars because of the similar qualities they hold for traders.
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“If you look at the successful character traits of a trader, you look at resilience, discipline, patience, competitiveness,” he said. “As for athletes, you have all these behaviors that they’ve been working on since they were probably four or five years old. But they’re also very, very coachable and very responsible for their actions.
During the lockdown, Chicago Bulls player Thaddeus Young focused on his personal investments before returning to basketball, along with former LSU defenseman Lewis Neal.
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Former WWE star turned businessman John Layfield has argued that athletes should be well equipped in financial literacy to focus on investing.
“These guys, most of the time, the sport chooses when they retire,” Layfield told FOX Business. “And then all of a sudden, they find themselves with no income. So for me, financial literacy is one of the most important things a league can do to help these athletes. »
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