I am curious. What do you guys do for a living?

@Turveyd
If trading is so boring for you then you should do something else with your time. I'm not saying I'm always excited to trade but I can say that usually my most boring periods are weekends. Improving trading methods and coming up with new ones, that takes a lot of time and I find it interesting. There's always a lot to research but limited time and mental agility set their limits.
 
luisHK said:
Sure you do, yet why don't you sound like a billionaire yet ?
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BTW if you work with a small capital and especially if you are young, it makes more sense to put all your eggs in the same basket and try to grow your capital agressively on something you (think you) understand, which can be something different than trading financial products.
 
lawrence-lugar said:
Enlighten me. i'll admit i don't know those things well. Rental properties. small businesses. art, etc etc...what's the average returns of those/year? i'm pretty sure...it's not that high though.

i'll stick to what i know, the options market. i don't want to brag or anything...but i'm pretty sure...i make a higher % return than any of those passive income sources.
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OP asked what was the main source of income? What's passive got to do with it? I'll give you an example on fine art, my mother started out with $3000, 15 years later she was worth $3m.
 
d08 said:
@Turveyd
If trading is so boring for you then you should do something else with your time. I'm not saying I'm always excited to trade but I can say that usually my most boring periods are weekends. Improving trading methods and coming up with new ones, that takes a lot of time and I find it interesting. There's always a lot to research but limited time and mental agility set their limits.
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thats how i spend weekends also, doing homework and studying charts. always good to be diversified in any line of work. i swing trade and day trade and try to find some long term investments ie 10yrs plus where money can multiply with little management.

currently looking at a miners portfolio to invest in for my boys once the miners hit their lows. this i view as a low risk high reward investment over 10-15yrs by which time they will both be in their 30s.

here is a chart on ABX (barrick gold corp) for anyone interested in long term. this could be a 10 bagger plus. do your own DD on it
full-2817cae7f03f3943fe28cdd19c152d7ca641ff1d.png
 
lawrence-lugar said:
Enlighten me. i'll admit i don't know those things well. Rental properties. small businesses. art, etc etc...what's the average returns of those/year? i'm pretty sure...it's not that high though.

i'll stick to what i know, the options market. i don't want to brag or anything...but i'm pretty sure...i make a higher % return than any of those passive income sources.
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Not sure about you, but there are times I just like to check out...not watch the market and not have anything on, go somewhere and do something else for a while. I think your perspective changes as you get older. I don't think the percentages matter as much once you get a nice nest egg. You just want some security and to beat inflation by a few points a year.

Passive stuff should be things you enjoy anyway, like others have mentioned rental properties etc... Some passive investment stuff that interests me - wine, older Ferraris, sports team ownership, bankrolling small credit agencies. It doesn't feel like work and as long as you make a few bucks, what's not to love. And most of these things do much better than 10% a year - most of the time.
 
ktm said:
Not sure about you, but there are times I just like to check out...not watch the market and not have anything on, go somewhere and do something else for a while. I think your perspective changes as you get older. I don't think the percentages matter as much once you get a nice nest egg. You just want some security and to beat inflation by a few points a year.

Passive stuff should be things you enjoy anyway, like others have mentioned rental properties etc... Some passive investment stuff that interests me - wine, older Ferraris, sports team ownership, bankrolling small credit agencies. It doesn't feel like work and as long as you make a few bucks, what's not to love. And most of these things do much better than 10% a year - most of the time.
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You own sports teams and bankroll small credit agencies??? :rolleyes:
 
d08 said:
@Turveyd
If trading is so boring for you then you should do something else with your time. I'm not saying I'm always excited to trade but I can say that usually my most boring periods are weekends. Improving trading methods and coming up with new ones, that takes a lot of time and I find it interesting. There's always a lot to research but limited time and mental agility set their limits.
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Sadly it's an income source I need, so needs must and all that.

I like the playing around with Method's and doing Stat's side, but totally lacking the focus to actually sit in front of a screen and pay attention for more than 30seconds, If I look and there is a trade right there I'll take it, but watch and wait = Doing something else and forgetting about the markets. ( I can do the watching, while in ) I think too many hours spent watching useless markets, every day I set aside to trade seems to do that.


It's my ownly real issue, other than too much work, but can trade at work so ??

Made 3 trades in the last 4weeks+, but 9 trades without a loss and up 2K area.
 
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