Anyone not making 200k a year from trading is a piker

Serious answers please - A successful trader is a piker

  • if he makes less than 100k a year

    Votes: 38 52.8%

  • if he makes less than 200k a year

    Votes: 7 9.7%

  • if he makes less than 300k a year

    Votes: 6 8.3%

  • if he makes less than 500k a year

    Votes: 21 29.2%
  • Total voters
    72
Quote from Lord.Maushi:


Even if you were right on direction, you would get mocked due to piker reasons, it is an environment where it is tough to please.
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But why exactly would you want to please anyone? Are you one of these people who have to be liked by everyone? Most people should be ignored, anyway.

I am a piker as a trader, but I am not a pro. I trade on a side these days while running my family business.
 
Quote from NoDoji:

I've already publicly demonstrated my TA skills for several years on ET's forum, in ET's old chat room, and in a few Skype groups. I was actually trading while doing this, so there was no lost opportunity.

Last year you kept challenging me to demonstrate skills already demonstrated several times (for far more than 10 days, too). You made it clear that you believe TA traders make money despite TA, not because of it, so there was nothing at all to gain from the combine challenge. I had no interest in taking an unpaid leave from work to do this yet again. It seemed very important to you at the time, but not to me.
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You see, that's exactly why trying to please people makes no sense. A friend of mine is an excellent day trader, he posts many of his trades on Twitter in near real-time, but his following is minuscule compared to the following many BS artists in this field have.

Not that he cares, not that I care. I mean it just as an example that a real deal may always lose to a poser that is very good at self-promotion.

Slightly off-topic to this thread, but the whole thread has been derailed a while ago, anyway.
 
Quote from electron:

You see, that's exactly why trying to please people makes no sense. A friend of mine is an excellent day trader, he posts many of his trades on Twitter in near real-time, but his following is minuscule compared to the following many BS artists in this field have.

Not that he cares, not that I care. I mean it just as an example that a real deal may always lose to a poser that is very good at self-promotion.

Slightly off-topic to this thread, but the whole thread has been derailed a while ago, anyway.
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So... link to his twitter?
 
I am truly relieved that my initial goal when I got into trading was to compound my own capital and then start a customer business, not trade a small amount for a living. If I had considered making 200k a year a solid end point, hell no trading would have never interested me. I don't see the point in that. But people come from different backgrounds and have different ambitions, so I see how that could seem like a great gig (or dream?) for some people.
 
Quote from Ol' Yella:

For an individual trader, making 40k a year, where's the upside? Especially when that 40k doesn't come in regular weekly installments. There will be winning streaks and losing streaks, returns will be variable. Go big or go home if you want to be a trader. If you desire a minimalist lifestyle there are far easier and less stressful ways to make that happen.
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very well put!

Also - special credit to ssrrkk for his amazing socio-economic theory.
 
A) and D) choices combined have got 37 out of 47 votes till now, which is 78%. So, 78% people believe in extremes. This is like famous arc-sin curve. Very interesting distribution. The exact number of votes till now is:

A) 22 votes
B) 6 votes
C) 4 votes
D) 15 votes
 
Quote from Sergio77:

imo 100K per year is the absolute minimum
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I live in rural Kansas with a dog and 2 cats and make 50K, you live in Manhattan with a wife and 2 kids and make 100K. Now who is the piker, if you got my drift???? :)

I love when people are speaking in absolutes without adding more to the picture...
 
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