Life After Trading

Quote from tenthousandmen:

Forgive me if I'm wrong, but I recall the cboe saying 90% of all accounts are blown up, not all traders. I would imagine most of us have blown out accounts as new traders.

So is it really 90% -of all people-?


More than 90% of small traders lose. They just lose!!
 
Quote from BlueTurtle:

D'uh...

They become GURUS.

Since they don't trade but like to talk about hypothetical trading, as well as taking your money.

I'm 99% convinced every person selling a service really NEEDS the money. Why would you want to deal with people all day, trying to sell them something worthless, and then have to answer all their dumb questions.....

unless you needed cash.

Its not hard to find the gurus real home address and then find a picture of that home using Google Streetview. If they are really that good at trading then I think we would see some impressive digs, but I think you will find something more humble most of the time.
 
Quote from Kensho:

I wonder where the 90% of traders that eventually quit end up? Where would you end up? Keep in mind daytrading experience on your resume will instantly lead to the resume being trashed.
I ask because I'm thinking of joining the 90%. I haven't blown up but I'm burned out. And I'm 33 yo so I figure I only have a small window of opportunity to quit because age discrimination is very pervasive.

Register a real business with the state. Its just a few forms and a fee. Then place on your resume the business and say you are the owner. If they do a background check then they find the business.

When asked about the business and why you stopped, just say it was something you tried for a little while and decided to go back into the corporate world. However, today's hiring environment is the most fierce I have ever seen in my life. They now do 3-4 interviews and a real intensive background check. Gone are the days when it was just one interview. I remember a time when you got hired over the phone.
 
Quote from blowingup2012:

Its not hard to find the gurus real home address and then find a picture of that home using Google Streetview. If they are really that good at trading then I think we would see some impressive digs, but I think you will find something more humble most of the time.

You mean like this place?
 

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Kensho, you're on year 5 of trading right?

Takes 5+years to become a surgeon.

I'd say you might just be at graduation? Why give up now?

Thats like getting a masters and then going to be a garbage man.

What a waste of time and money.
 
Something i dream of,when i`m old.

http://www.owlsbread.com/english/produits/bakery.html

French-Bakery-2799.jpg
 
Quote from Zr1Trader:

Kensho, you're on year 5 of trading right?

Takes 5+years to become a surgeon.

I'd say you might just be at graduation? Why give up now?

Thats like getting a masters and then going to be a garbage man.

What a waste of time and money.

I know some people who did trading/investing for over 20 years, and still have no clue about trading.

If you don't want to trade, quit NOW. You save yourself a lot of money and headache.

Simply doing this for 5 years doesn't mean you will succeed. Yes, this business takes time, spending time is necessary, but time alone is not sufficient. There are other factors involved.

I suggest you quit NOW. Forget trading, It's a nightmare, treat it as it is, nothing but a nightmare.

The sooner you wake up, the better.

I will be a firefighter.:)
 
Quote from blowingup2012:

Its not hard to find the gurus real home address and then find a picture of that home using Google Streetview. If they are really that good at trading then I think we would see some impressive digs, but I think you will find something more humble most of the time.

As usual, wrong ass u mption in ET

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Do you know this man? He can easily buy, sell and burn every individual trader who ever registered in the whole history of this entire website since day one launched, all combined.

He resides in a converted double-wide mobile home to this very day.
 

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