Doctors save lives, engineers build things and solve rationale logical practical problems, traders exchange financial instruments for the sake of profit. Pull your heads out of your anal cavities.
Being a Trader is the Best Job in the World
- Thread starter BrandNewTrader
- Start date
Hmmmm well if money was the main motivator itself, I wouldn't be interested in being a trader. I'd rather go be a plastic surgeon in Beverly Hills or some fake smiling FA selling VAs.
I see money as a reward for being able to trade well, and there are many rules to the game as being very very patient for the right setup.
Everyday I wake up is exciting as hell. So much goes on around the world and we as a trader have to process all that information and navigate through the daily wars of bulls and bears.
And yes whether we make money or lose money, is entirely on OUR SHOULDERS. Kind of like living by the sword and dying by the sword I love that aspect. It continuously pushes me to learn more, be better, and challenge myself everyday. I have learned so much about my hypocritical self strictly by trading.
One example is being patient....I tell myself yeah I am pretty patient so I should have that aspect down....but nope I am constantly reminded how impatient I am.... having my eyes on the monitor I am constantly waiting for the next trade....do you know how hard it is to sit in front of the monitors ready to trade and be glued to the screen waiting 8 hours+ just for 1 trade setup that occurs in a quick span of 1-2 minutues? Sometime the right trade setup takes 5 daysx8 hours of monitor watching!!!!! (Futures at least in my experience)
I am in no way close to the smartest guys in the business like Kyle Bass and all the guys with CFAs.... but I do question everything like Ray Dalio.
The only con to my trading is everything I know now I have learned from experience, books, and fuddling with tools. I have no professional background related to trading....except that I believe in TA more than any God/religion because I can see through my own eyes it works.
Again if money was the ultimate goal, I would have all my money in some options since steadily grinding is never gonna make me rich. I'm slowly grinding but on my path to being "CONSISTENT." -That for me is my goal right now and only goal.
I see money as a reward for being able to trade well, and there are many rules to the game as being very very patient for the right setup.
Everyday I wake up is exciting as hell. So much goes on around the world and we as a trader have to process all that information and navigate through the daily wars of bulls and bears.
And yes whether we make money or lose money, is entirely on OUR SHOULDERS. Kind of like living by the sword and dying by the sword I love that aspect. It continuously pushes me to learn more, be better, and challenge myself everyday. I have learned so much about my hypocritical self strictly by trading.
One example is being patient....I tell myself yeah I am pretty patient so I should have that aspect down....but nope I am constantly reminded how impatient I am.... having my eyes on the monitor I am constantly waiting for the next trade....do you know how hard it is to sit in front of the monitors ready to trade and be glued to the screen waiting 8 hours+ just for 1 trade setup that occurs in a quick span of 1-2 minutues? Sometime the right trade setup takes 5 daysx8 hours of monitor watching!!!!! (Futures at least in my experience)
I am in no way close to the smartest guys in the business like Kyle Bass and all the guys with CFAs.... but I do question everything like Ray Dalio.
The only con to my trading is everything I know now I have learned from experience, books, and fuddling with tools. I have no professional background related to trading....except that I believe in TA more than any God/religion because I can see through my own eyes it works.
Again if money was the ultimate goal, I would have all my money in some options since steadily grinding is never gonna make me rich. I'm slowly grinding but on my path to being "CONSISTENT." -That for me is my goal right now and only goal.
yes, there is not much glory or appreciation for the merchants who attempt to buy low and sell high.
So what, at least we are not those financial advisors who pretend they are your best friend while they take 7% commission from your whole life savings by putting you into VA's. At least we are not those annoying telemarketers, at least we are not those annoying life insurance sellers, at least we don't rob you, at least we are not one of those greedy CEO's thinking of maximizing profit vs the benefit of society, at least we are not those corrupt politicians, at least we don't put up with pointless office jobs which make people depressed/pissed with their lives that they rub it out on other people on the road.
oh that's good, "I'm a trader, but at least I'm better than an insurance agent"
ha,ha, ha, traders have been trying to justify their positive role in life ever since they invented tulips
In the old days the Pope tried to put an end to usuary upon penalty of excommunication which at the time meant eternity in Hell. And jews who were in a sense already excommunicated started loaning money and it just went on from there. And so, the birth of the merchant class.
All we do is attempt to buy low and sell high. Do we contribute anything to society? I don't know. We accept risk if that is worth anything.
All we do is attempt to buy low and sell high. Do we contribute anything to society? I don't know. We accept risk if that is worth anything.