How long do you plan to trade for...

How long do you plan to trade for?

  • I will always trade, even in old age

    Votes: 33 63.5%

  • Until I make enough to retire on -- then I am out!

    Votes: 9 17.3%

  • Not sure

    Votes: 8 15.4%

  • When I reach a certain age -- then I am out!

    Votes: 2 3.8%
  • Total voters
    52
P

pbw

It's been said profits from trading are simply a loan from the market.

All you need is a few bad trades to collapse your capital.

Hence, when do you plan to stop trading.
 
if/when i realize me edge is gone for good'n'can't adapt'n'find new ways to make money....very unlikely scenario for any1 but still a possibility.
 
Quote from pbw:

It's been said profits from trading are simply a loan from the market.

All you need is a few bad trades to collapse your capital.

Hence, when do you plan to stop trading.
More...

If that's the case, then you are doing something wrong. Big swinging gamblers have high odds of going down in flames, but all the serious professionals I know take 1000's of small bites with minimal risk and pull back big time when things aren't working.

I'm only 35 but can see the 'retirement goal' I had set for myself being achieved within a couple years. But as an independant trader who really likes what he does, I don't foresee ever truly retiring.

My ultimate plan would be to have a couple trusted clerks/assistants run my systems during the day. I would oversee things and do longer time frame asset allocation/macro-view trades. Basically become a one hour a day manager of my current trading business.
 
What is an old man to do? Play golf, ok maybe once a month. Play cards? same thing when I am in Vegas and want to BS with the world traveller in the Mirage...so trading (actually managing ones finances) is a pastime for anyone who has a pot to piss in. No brainer, 'till I drop or get incapacitated.
Actually many on this board have a skewed view on what trading is....
trading is not by the seat of your pants, starring at a computer 24/7. For some trading is being in the market. So you can do other stuff at the same time and enjoy life.
 
Quote from pbw:

It's been said profits from trading are simply a loan from the market.

All you need is a few bad trades to collapse your capital.

Hence, when do you plan to stop trading.
More...

If someone is risking all their capital on 2 or 3 trades they are not 'trading' they are gambling. There is a major difference.
 
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