How to know when you've "made it" as a trader

Quote from austinp:

Before I began day-trading, my ten-year career was a trucking operation that removed waste tires from anywhere they needed removal to the end streams of recap, shredding or recycled use such as go-cart track edges, etc.

I handled literally a million tires in my time... on the trucks, laced up and unloaded from the trucks. It was a world-class cardio & strength workout, while being paid for the effort. That niche industry opportunity got regulated out of existence here in NY for all but the huge operations, who were at the very core of pushing for such tightened regs to muscle small companies out.

If not for that, I'd probably have a dozen trucks right now and never did more than dabbled with trading. Funny how life takes its twists and turns.

Lord knows I never understood more than two words you posted about trading, but I do know trucks & tires talk :)

NY is funny.

I "worked" for a sanatation "foundation" for a while. I actually was offered a 24A site in NYC and one of two islands on the East side of Manhattan.

We lost 3million tires in the fire in W Va.

All of that was a generation ago (my definition).

Today the energy recovery value outweighs everything else.

Landfills were very slow to learn that tires do not decay and they are axle hazards to municipal collection equipment.

I would say that in those times when the muni's could not compete with "for profits", waste management was a tough muni deal.

In muni waste we were kept out of Mass because, after providing heating fuel to all municipal buildings and schools, we still could not keep the municipality operating our installations from making a profit.

Now, there is a "green" aspect.

Being about 80, I have decided to take the plunge and buy "filled" landfills and mine them and do real estate on the former land fill property. It is relatively easy to read newpapers from 1900.

I did combos of dairy or feedlots and land fills (methane) to use de-rated catipillars (2500 HP) connected to AC generators.

Getting paid the lowest price for electricity was a fun thing. I had to file in DC to get through "who keeps the connectiion spares" to be a responsibility of the power company.

There is no position outdoors you can put a tire in and not breed mosquitos. But you can make tire log cabins and fill them with hardwood leaves and grow tons of clean potatoes when you rebuild the cabin for next year. The potatoes process the retained water.

In Tucson our neighborhood is submitting a shade tree project for approval. 300 trees net 18K profit. Rain is caught by curbing cut outs and stored in tire "wells" to allow aleppo pines to grow very fast. The Pinchot neighborhood in Phoenix was planted by Eleanor Roosevelt in that Depression. Today, the pines top 80 feet and cause a 15 degree drop since there are no "heat islands". Today in that area they are expanding several city blocks each year (the citiy is gifted the trees and their maintenance). They have canals in Phoenix for irrigating lawns and trees and cotton plantations (the famous long staple "Pima" cotton). In Tucson, tires and normal rainfall replace canals.
 
The intent of this thread is humor but one way you know you've "made it" is when you don't remember the last time you wondered if you've made it and you just know that if you stay sharp you can spend time in front of the screens and extract. Staying sharp does require daily effort, however.

It also helps that you haven't had a job in years and yet you've always been able to send money to family who request it and everything you see around you in your trading room has been bought with profits.
 
Quote from johnkurtz:

I think it kid of bothers "her" she didn't get more out of her last "truckstop".

All right, Mate, I confess:

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Quote from vinc:

while I'm glad that you are back I remain highly skeptical about what he publishes in the P&L thread, those blotters /whatever you call them/ have no date, no time stamps on them/, he could've 'produced' them in one day while he was profitable and then publish them
under different dates.. I don't know why he does that this way / dolphins10/.. personally can't say whether he is profitable or not so statistically it'd be wiser to bet he isn't :)

From my perspective I feel any idiot who derides p & l posts are complete envious losers. As emg points out 95% plus just lose..it is supported from the few who post p &l :)
 
NoDoji , I'm very happy your back. I hardly look at Elite Trader any more since alot of the good traders just quit posting after being harrassed. I' ve learned alot from you and would just like to Thank You .
 
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