Is a Trader Employer or Employee ? Is Trading a Business or Job ?

R

rajesheck

Employer, out of passion for business, builds an organisation by employing resources like investment, manpower, infrastructure, system, etc. and personally works to integrate them and make them work towards one purpose...RIO. His major work is to make the organisation work.

Employee on the other hand makes part of the organisation and his major work is to carry the duties/tasks assigned to him.

Trader, out of passion for trading, builds his own one-man trading firm by employing resources like investment, manpower(himself), computer, strategies, etc. and personally works to integrate them and make them work towards one purpose.....ROI.

No one assigns tasks to a trader.

Business is all about making money to work and generate ROI.

Job is all about generating income through personal resources like time, effort, skills, etc.

On the other hand business skill means ability to create a mechanism of multiplying money.

Trading is a business and needs business skill, not personal skill.

Business skill has the following qualities:
1. Passion (love) for business
2. Intuition (beyond logic/analysis/reasoning) on business
3. Insights (accurate and deep knowledge) into business
4. "Never Give up" Attitude
5. Humility to learn, unlearn and relearn
 
In my opinion as trader they is employee, but result in trading is not like as salary, because forex trading result often vary, and forex is business because in every business usually get result not in fixed earning, and if forexis job hence will get fixed earning, depending trader view
 
radex78 said:
In my opinion as trader they is employee, but result in trading is not like as salary, because forex trading result often vary, and forex is business because in every business usually get result not in fixed earning, and if forexis job hence will get fixed earning, depending trader view
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Unfortunately our education system has brain washed people to be salaried slaves rather than businessmen. Our education system dump on us all the stuff that are needed for us to believe that we are fit only for job under some corporate.

We are so much brain washed that we even could not see that trading is a business and not a job :)

Feel free to read my thread on trading wisdom:
http://www.elitetrader.com/et/index.php?threads/trading-wisdom.298895/
 
Do you think a trader at a hedge fund or bank is an employee when they are paid salary and bonus and are profit centers?
 
2rosy said:
Do you think a trader at a hedge fund or bank is an employee when they are paid salary and bonus and are profit centers?
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There are three levels of traders:
1. Speculators
2. Professional traders
3. Common traders

Speculative traders may be independent traders or work for institutional trading firms (eg. hedge fund, bank etc.,). If the speculative trader has the capability to be autonomous in taking decisions then its a business skill, regardless of whether he is salaried or independent.

Professional traders are independent traders with business skill.

Common traders generally dont understand the difference between job and business.
 
lawrence-lugar said:
Just make money. -- who cares about titles and labels. -- You either make money in trading, or you don't. ;):banghead:
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Agreed :)

"Just make money" ...but that happens to traders who have natural trading skill.

For those who dont have that trader's instinct in the tip of their nose...they have to develop it systematically ...but that needs passion to learn trading.
 
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