Fulltime trader loner?
- Thread starter innovest_11
- Start date
A person can be in a room full of people â and be completely isolated
Another can be on a deserted island â and be perfectly content
Trading will neither make one more introverted or extroverted â than what that person is already predisposed to be
What trading will allow â is one the freedom to no longer interact with idiots â unless shopping
But then as most items can be purchased on line â even that interaction can be significantly diminished
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Find contentment within â then none of it matters
RN
we have four in Tucson as examples (Choose any four)
1. We have a Canadian company who wants to mine and use drilled wells. Their mining hole goes well below the water table and they have no sinking fund set up for when they shut down the mine and the water fills it and local's wells go dry. We need a team to address their EIS so that it will fail to pass. (hire brain power and volunteers).
2. Tucson deferred maintaining its streets. We need Letters of Intent to guarantee about 1 billion. GS can use the letters to borrow and invest to yield 200 mil a year for five years and give the letters back at the end.
3. we have veterans, their wives and their children who all have PTSD. we run 8 week sessions to do their recovery. We need 200 more sites in the US and we are running a triple T to train the presenters (16,000 planned trainees)
4. our prisons are full here. 1 in 8 can read in our prisons. we need more rehab in reading so people who get out can get jobs and drivers licenses.
5. Our schools stink. We need tutors for kids all over the place. they are closing many schools this year. we replace these closings with charter schools that work quite well (See top 10 US schools + Basis is a school in Tucson.)
6. We need people in the field to supply water to those who are lost in the desert. Many die weekly when their guides leave hem stranded. Our local border guards shoot each other and our water tanks so we need to help their families recover and keep replacing the tanks; it is tough to work for the Feds here.
7. Tucson is a major center for drug distribution. A lot of neighborhoods do warehousing. the elderly are troubled by the shoot outs and the enforcers seem to not protect our citizenry since they are on the take. we need more procative people to help out.
8. Our food banks are now busted. Two things happened: a fewer volunteers and only 1/8 the contributions. the vets come home to our military bases and get discharged. They can't work (PTSD) and food gets low and they lose their homes.
9. Our VA hospital is overrun with people in medical need and mental nned. we have 78 buildings and waiting rooms are all full every day. We need volunteers to do paper work to get Vets into the system. We have a high suicide rate here because vets get to a helpless state.
10. Tucson is building a trolley line. An average ticket will cost about 500 dollars per ride. So our cyclist get tires caught in new tracks and average 70K in injury repairs and lost time. We need to replace our local government for several reasons. It takes volunteers to weed governments and to get facts to speak at meetings.
11. We have old gasoline pipelines in our new housing (Tex to Calif) When one blows up from backhoes causing sparks, then we have to deal with these mistakes since no insurance will cover explosions in new developments for our retired elderly.
12. tucson is a winter place for homeless from all over. they get too cold at night and are hungry, too. In summer they do not get back north fast enough so we have to have patrols to find heat exhaustion victims. We have CERT here and it is overloaded. training is too infrequent.
I guess there are a lot of local things going on. We also have young people nail our Congress people since this is a western cowboy type place. you can get ammo and AK47's in five minutes here. (See JAN 8th)
We are implementing a plan to live in three places during the year. (four months a shot).
This means academic researchers can use our two vacant places for 8 months each. We decided to pick up their research tabs as well.
I choose to spend longer hours researching and less trading. Although I do make 20 or more trades a week they all are automated I manually set up orders at night. I never buy market in the stock market always buystop orders. Also my orders are preset with in general an even risk reward. At least when I buy stocks. With stops and take profits preset I am not stressing while trades are running I spend time researching while recycling new trades as old ones execute. Trades usually last 2 to 3 days with the occasional flat liner.
As far as my system. I make sure that orders and trade technique is as simple as possible to ensure proper execution of my trades. At 9 pm I set up a couple of intraday trades in the forex market I by market when the new daily bar enters with a stop and take profit. &70% of the time the trades are closed by time I wake up the next morning. The point I am making is I don't stress as hard due to the way I trade. I am active but once a trade is running I don't worry fate is already predetermined no new energy needs to be expelled. This way of trading is effective and due to the simplicity it gives me an edge through the long term.
As far as fulltime trading. Right now 50% of my income comes from trading the other half from my construction business. I can't wait to trade full time. Even though full time to me is 2 hours a day 30 minutes dealing with orders about an hour and half in research. Trading a couple hours a day I will even have more time to be social if I want to be. The honest truth though is I spend the rest of my time developing new strategies. I guess I am an introvert I love my trading/developing time. I like to say I live to trade not trade to live. Kinda corny but the truth. Time to set some forex trades up.
You seem to be asking for volunteers , aka unpaid labor.
What is wrong with paying taxes so people can be hired to do these jobs ?
from 1) environmental impact assessor
to 2) people who know how to budget/save
to 3) psychiatrists and medical staff on public payrolls ( yep that takes place in many EU countries)
to 4) reducing class sizes so kids get more attention, and less of them leave the school system too early ....
Volunteers are good when first highlighting the problem, but it is up to the state/government to put in place ways to sort the problems with your tax money. Sorting the problem can be paying a private firm to do the job.
Anyway, this example makes one realise why we pay taxes.
Quote from smallStops:
You seem to be asking for volunteers , aka unpaid labor.
What is wrong with paying taxes so people can be hired to do these jobs ?
from 1) environmental impact assessor
to 2) people who know how to budget/save
to 3) psychiatrists and medical staff on public payrolls ( yep that takes place in many EU countries)
to 4) reducing class sizes so kids get more attention, and less of them leave the school system too early ....
Volunteers are good when first highlighting the problem, but it is up to the state/government to put in place ways to sort the problems with your tax money. Sorting the problem can be paying a private firm to do the job.
Anyway, this example makes one realise why we pay taxes.
Thanks for your reply. As someone mentioned he is glad he doesn't live in Tucson.
We escaped from Phoenix to get here. I came to Phoenix to escape the Philadelphia suburbs. Got the Philadelphia after goofing off in Switzerland for a few years. I escaped from Greenwich to go to Switzerland. Out of college I wound up in Poughkeepsie, then moved to Greenwich.
I did notice the taxes and the services that were rendered.
Curiously, I worked the four turfs you mentioned at one time or other (all by invitation).
My comments were more along the noblese oblige line.
I traded from post college on. So after IBM in Poughkeepsie I was doing as I wished to pass time in pleasant locales. Now we are going back to that since we are stopping working for the future.
I agree with you that problems appear first to concerned citizens. We know in Tucson that the government is to frail to be responsive. Our CERT program is very robust. The ARC tried to recruit me as an international triage manager (not a volumteer level occupation). But my interest was trauma and I worked at the trauma center in Phoenix (as a volunteer on double weekend shifts when things were intense). I no longer pay medical malpractice insurance but I did go through its tripling in a brief period. Stablilizing people in grave condition to get them to an emergency care level is fast paced and requires deep, accurate training and decision making. My nickname was "duct tape" from med school.
This Depression we are part way through is gong to get much much worse. I expect at least four VE's on the way down. Being born in 1933 allowed me to grow up during very hard times for others. WWII solved a lot of problems. GI's got educated and the US's lifestyle grew to high levels. By working my way through college completely and not acquiring debt I learned the value of money. So I got loads and loads of money and just decided to not keep it. Money is always available and can always be acquired rapidly.
So I am immune from the systems I live in. I can step up and finance solutions to problems that bug me whenever I want.