I have been trading since 1996. I have come to the conclusion that I will not try to explain to others what I do. It's a waste of time! Do you think the average blue collar person will understand that I am a net seller of mini ES option premium? How do I explain what a ratio credit spread is to people who can't even understand what being a bull or bear is? Try explaining quadruple witching or explaining time decay or being assigned to a non-trader. They will look at me like I from Mars!
When I first started trading, EVERYONE doubted me. If the Dow dropped 300-400 points, I would get really weird phone calls from relatives asking "how are you?" when what they really wanted to ask was did you go broke today? 99% of the public have no concept how trading works. Most don't realize that if the dow dropped 300-400 points, just as many people made a ton of money as people losing a ton of money.
I recently moved to Houston to avoid paying state income tax on my cap gains and a relative asked me if I found a "job" yet! After all this time, people still think that I am just in a "phase." No one understands that trading is a career choice that I have made.
When I first started trading, EVERYONE doubted me. If the Dow dropped 300-400 points, I would get really weird phone calls from relatives asking "how are you?" when what they really wanted to ask was did you go broke today? 99% of the public have no concept how trading works. Most don't realize that if the dow dropped 300-400 points, just as many people made a ton of money as people losing a ton of money.
I recently moved to Houston to avoid paying state income tax on my cap gains and a relative asked me if I found a "job" yet! After all this time, people still think that I am just in a "phase." No one understands that trading is a career choice that I have made.
