Have you ever introduced yourself as an speculaor?

People seem to think differently in different parts of the country.

Many funny stories out there.

Staying an amateur, just means you never get asked about trading.
 
Quote from eagle:

His brain was washed out by the market philosophy into only buying something when its value will go up while car price will always lose its value. After all, he's right for not buying the depreciated assets. :D
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Why he doesn't buy a nice classic convertible?
Like a '66 Ford Mustang or Thunderbird?
 
Quote from crgarcia:

Why he doesn't buy a nice classic convertible?
Like a '66 Ford Mustang or Thunderbird?
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MB coupes have worked well over the years

190SL conv
300 SL (gullwing)
170s (was a profit since did not depreciate) conv
280C
now using

750il four door by BMW.
 
Quote from nokomisjeff:

Some of the biggest older grain traders I know live in lower middle class neighborhoods, and drive 10 year old F-150's. They use coupons at the grocery store, and are very tight with a buck. However, they will still swing a line of 10 million bushels at a crack, and are probably worth a few hundred million bucks....in cash. When asked why they live so cheaply, a universal reply is that nobody outside the markets knows that they're rich, and nobody bothers them for money. Plus, they have nobody to impress, as they don't really give a damn about anything but the markets and family.

Really, who gives a damn about what you do as long as it's honest work.
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nice post....i live in a ritzy town, i live in in on the cheap side, and i like working in the morning and having the rest of my day free. I don't care who knows how much money i make, i still buy my cars with cash, and like to have cash in my wallet to pay for everything. That's the best feeling for me, I like cash.
 
I invariably get the "isn't that gambling" response.

I live in the Hamptons and immediately reply with:

"How many of those ocean front homes are owned by people involved with the stock markets?"

"How many of those homes are owned by people who got lucky at Foxwoods?"

The other thing that invariably comes up is societal implications. I trade for one reason only : to make money. It brings me no satisfaction, I'd rather be fishing. I have a very rich life outside of trading where I work with others. I do not base my self worth on what I own or drive ... so who cares what I do to pay the bills?
 
Quote from timscott:

I invariably get the "isn't that gambling" response.

I live in the Hamptons and immediately reply with:

"How many of those ocean front homes are owned by people involved with the stock markets?"

"How many of those homes are owned by people who got lucky at Foxwoods?"

The other thing that invariably comes up is societal implications. I trade for one reason only : to make money. It brings me no satisfaction, I'd rather be fishing. I have a very rich life outside of trading where I work with others. I do not base my self worth on what I own or drive ... so who cares what I do to pay the bills?
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This is another great response, thank you.
 
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