In response to your second point - it's largely because it takes quite a bit of capital to build wealth via trading. Much more capital than is needed starting

In response to your second point - it's largely because it takes quite a bit of capital to build wealth via trading. Much more capital than is needed starting a SaaS company. It's hard to win picking individual stocks, and yes you should not only hold a few stocks at a time with all of your portfolio. But you don't have to bet your entire portfolio. You can only trade a portion of it hedging your risk. In addition, while it may be more of a fools game to go big on one or two stocks, you can look at your risk profile and align your long term strategy with different sectors and tax strategies. I am no means a trading expert, but to discourage people from investing just because certain types of trading is more akin to playing the lottery - is just as irresponsible. People should be encouraged to be more engaged with their money and at the very least follow how their index fund is doing, how it's allocated, and learn why it is allocated the way it is.