Hikaru Nakamura spoke about how he started trading on the stock market. Nakamura explains that professional chess brought in little money in the 2000s. Hikaru says that poker and the stock market became an alternative way for him to make money.

Hikaru Nakamura

Hikaru Nakamura

World's No. 2, streamer

“[Chat: What got you into trading?] Chess paid no money at all.

Basically, when I was a broke boy playing chess, I was around 15-16 years old, I started having these thoughts like: ‘What if chess isn’t a real thing?’

At the time there were no events in St. Louis, just to give you an idea of context. The landscape was very barren in America to be a professional chess player. If you made it and you could get the top invites to tournaments in Europe then it’s a different story. But that required you being the top 10 in the world.

So basically, I started to see the writing on the wall that chess was very likely to be a very poor career and life decision. I started thinking about other things that I could do to make money.

Because I didn’t go to regular school. The idea of going and getting a degree was something possible, but it would take a lot of time. It would be very difficult. So, the two things that I spent time on were basically poker and of course the stock market.

[Chat: Did you not play matches with money?] That was not really allowed. There was one match I played in Washington Square Park so long ago. Playing for money is not really a thing.”

The Saint Louis Chess Club is a non-profit chess center located in St. Louis, Missouri, USA. The club hosts international events with prize funds in the hundreds of thousands of dollars. In 2026, the club hosted the Sinquefield Cup ($475,000), the Grand Chess Tour Grand Finals ($450,000), the American Cup ($400,000), the Saint Louis Rapid & Blitz ($200,000), and others.

The club’s first major annual national tournament, the U.S. Championship, began in 2009. The prize fund of the tournament was $130,000. Hikaru Nakamura won the event and earned $40,000.

Credit: Lennart Ootes