If you earn your living mainly base on trading, please say hi and talk about your experience!
Full time trader say hi thread
- Thread starter GloriaBrown
- Start date
$$$One of my bucket list items is to complete a PhD I started a long time ago. My only income is trading, but a grad student is a very cheap existence but it is a "living". And I feel I spend very little time honing my edge. I really could do this much better if I weren't doing physics at the same time. Trading should be a full time job.
I've been trading, off and on, for 30 years. I trade value stocks. That is, I look at fundamental values of stocks in determining which I trade, but not with the intention of holding them for very long. Early yesterday I got out of most of my oil stocks and I'm looking for another entry later this week, perhaps, as I don't think oil really is recovering yet... Today I've been playing pharmaceuticals but unlike the oil companies, the pharmaceuticals are too flighty and I won't take them home. Instead I just read charts on them and hold them for a few minutes at a time, primarily ACHN today. As I write this, it's breaking out of a pennant to the upside.
I learned to trade many years ago on a trading floor where the traders traded their own accounts but it was more like a prop trading floor in that we could see each others trades as they were made. This made it easier for new traders to see how it was done. When I first got there, I couldn't imagine how it was that everyone was buying stocks one minute, and then selling them 10 minutes later. It was a big mystery. Then gradually I began noticing the things that were going on.
I wouldn't try to learn trading except in a trading room. I think a noob should spend their time eating, sleeping and drinking stocks. And they should be talking about stocks with other traders. Right now I can't do that and I know I'm missing out. So I hang out here on EliteTrader in the hopes that I'll pick up a piece of wisdom every now and then.
I've been trading, off and on, for 30 years. I trade value stocks. That is, I look at fundamental values of stocks in determining which I trade, but not with the intention of holding them for very long. Early yesterday I got out of most of my oil stocks and I'm looking for another entry later this week, perhaps, as I don't think oil really is recovering yet... Today I've been playing pharmaceuticals but unlike the oil companies, the pharmaceuticals are too flighty and I won't take them home. Instead I just read charts on them and hold them for a few minutes at a time, primarily ACHN today. As I write this, it's breaking out of a pennant to the upside.
I learned to trade many years ago on a trading floor where the traders traded their own accounts but it was more like a prop trading floor in that we could see each others trades as they were made. This made it easier for new traders to see how it was done. When I first got there, I couldn't imagine how it was that everyone was buying stocks one minute, and then selling them 10 minutes later. It was a big mystery. Then gradually I began noticing the things that were going on.
I wouldn't try to learn trading except in a trading room. I think a noob should spend their time eating, sleeping and drinking stocks. And they should be talking about stocks with other traders. Right now I can't do that and I know I'm missing out. So I hang out here on EliteTrader in the hopes that I'll pick up a piece of wisdom every now and then.
Not to go off-topic, but if you mean a physical trading room, try finding one of those here in Québec, Canada.
I'm sure I'd like the atmosphere, but EliteTrader must suffice for me.
Scaleout.Scalper
Guest
Hi!
Been a long road, could had gotten a PHD as I "got it" and probably with less headaches, but now that it's all over, I like my profession.
Been a long road, could had gotten a PHD as I "got it" and probably with less headaches, but now that it's all over, I like my profession.