How do full-time traders handle awkward situations when they reveal they trade for a living?

@Handle123

Well, that was a sudden topic change but personally, I never buy anything "lite". It's been long proven that all calories are not the same -- getting a calorie from broccoli vs getting one from a bottle of coke is not the same at all. Not to say that housewives don't buy into this "lite" crap, plenty of people drink cancerous aspartame filled soft drinks thinking it benefits their health...there is no shortage of ignorant people.
 
Handle123 said:
Just yesterday some guy asked me to buy his failing Yogurt business that is in a stripe mall, very high rent and locked in for five years. I said I was very interested in the equipment and pay him 40 cents on dollar which I think is good deal as when he goes bankrupt he won't make that. He got like major angry I won't buy the whole business, to get him out from under legal, well that is just tough. When you just look at people overall, they are fat, yogurt is a harder sell than a juicy burger with bacon, chessy fries topped off with ice cream. Instead of a area for people to sit, Best is drive up only way to go. Make it all from scratch to make it taste better but saves money. But selling yogurt you have to put it in cheaper rent area and flood area with advertisements and coupons, having one of those ad guys on the curb for several months waving his arms. Got to get people hooked on it. And *Lite* Yogurt is hugely less calories than regular yogurt.
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We have a couple of those frozen yogurt places for sale near where I live. The ads made them seem somewhat desperate to sell, they were trying to talk up all the potential and everything with a new owner etc.
 
FCXoptions said:
We have a couple of those frozen yogurt places for sale near where I live. The ads made them seem somewhat desperate to sell, they were trying to talk up all the potential and everything with a new owner etc.
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If it was so promising, they would not be selling it. And only way to get out of bad leases is bankruptcy, many have clauses to let you out but often so high, not feasible when they going down with the ship. Best always to just buy the equipment, this way you can move elsewhere, rename it, and not have to pay for past bad debt. Other businesses are just like business of trading, you don't know what you doing, time to get out.
 
well. lot of folks
who have tried to be trader and didnt make it, would hate you when you say that
who have never tried, is very curious, but mostly I see they are negative about this based on history
and many wives think this is one of the ways husbands lose money than what we make:)
 
helpme_please said:
Although there is nothing wrong with full-time trading, full-time traders still get some funny looks when they reveal they trade for a living. Some reasons can be;
- this person is still so young. Why doesn't he get a proper job? Socially useless activity making money from the buying and selling of others. (Not trolling, but this is true) This usually come from strangers or distant acquaintance.
- can you make it? Don't come borrowing money from me. This can come from friends.
- are you sure you can make it? I am worried for you. This come from well-meaning family and close friends.

It is socially embarrassing to reveal that one is trading for a living. How do elite traders here cope with this?
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When I'm asked; "what do you do for a living?" I reply, "equities trader", and most times that glazed over look appears.

Thinking of taking some night school courses to fill the social void trading creates, otherwise can't think of anything else I'd rather do. 10 years trading, last 3 full time, and always look forward to Mondays.
Cheers!
 
helpme_please said:
Although there is nothing wrong with full-time trading, full-time traders still get some funny looks when they reveal they trade for a living. Some reasons can be;
- this person is still so young. Why doesn't he get a proper job? Socially useless activity making money from the buying and selling of others. (Not trolling, but this is true) This usually come from strangers or distant acquaintance.

I think it may be bad if you do not make money but except that there is nothing to be embarrassed because most of the people do not know the business at all so they can either think that you cannot make money or you can make a fortune.
- can you make it? Don't come borrowing money from me. This can come from friends.
- are you sure you can make it? I am worried for you. This come from well-meaning family and close friends.

It is socially embarrassing to reveal that one is trading for a living. How do elite traders here cope with this?
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I think that there is nothing embarrassing at all. First of all, it is a nice job, especially for mothers or mother-to-be's and as long as you do not have very high expectations of making fortunes. It keeps you update about the world. That's my personal feeling...I am very new in this business, but I still think that I can make money in this job, if some people are having doubts, it is their people, not my problem.
 
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Maybe it's because I started in another career, and had to work a long time to reach my goal of trading full time, but I am proud of being a full-time trader. After I drop my kids off at school in the morning, and am driving back home into my neighborhood, I see lots of people driving out for work. Every time I think, "hahahah!! suckers!!" Sometimes I actually do it out loud. I love what I do, and the woman that married me loves me because I am not a drone. I think generally only stupid people would not envy what I do. For folks just starting out, you just have to suck it up for a while and be humble until you reach your goals. And don't be stupid and lose what you've accumulated. Ever.
 
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