Preparing for a Life After Daytrading

[coolweb]

Quote from Businessman:

He really only makes three figures on his good days and celebrates by surfing for group sex and blowjob porn while drinking a can of coke

LOL! funnnys

 

[reg]

Quote from Rearden Metal:

One more note: I put up the above numbers last year when my trading was going a lot better. The months since have been brutal, most of my buying power circling the drain. This low VIX grind-chop crap gets me every time.

Thanks for being candid about your recent trading. Your honesty is much appreciated.

 

[michaelscott]

We all could have been like Rearden Metal. You see, what happened was this. During the late 90s, some of us just didnt know when to stop. If I had only known then, what I do now...oh well.

For that kind of group sex thing, visit one of the BRIC countries. Brazil, Russia, Thailand and the Phillipines. whoops. That doesnt spell BRIC though.

 

[timcar]

quote from cashmoney69:

Well that was fast..in fact it's a new record for the shortest time I ever held a job!. From 7 days, now down to 4.5hrs. Not something I'm very proud of, but once I got bit by the trading bug I dont want to do anything else.

Say it ain't so CashMoney six niner. Could you not make it until end of the day.

Oh Well, welcome back to Stock Trading.

 

[midlifeguy]

I think if I had several seven figures, I would relax
and not face this stress all the time even though I like following the markets...

Quote from Rearden Metal:

Right, <b>much less</b> than 1/3 of my net worth is on deposit in trading accounts. I've known a couple 7-figure net worth traders who keep nearly all of their money in trading accounts, and I think they're crazy to do so.

One more note: I put up the above numbers last year when my trading was going a lot better. The months since have been brutal, most of my buying power circling the drain. This low VIX grind-chop crap gets me every time.

 

[Rearden Metal]

Quote from midlifeguy:

I think if I had several seven figures, I would relax
and not face this stress all the time even though I like following the markets...

What would you do with all your time?
I know how much better off I'd be to call trading a part time gig, and only trade during the high Vix mini-panics (about 2 or 3 months a year)... but the boredom of not working always drags me back in.

 

[midlifeguy]

Did you make all of your net worth from Trading? What is your secret? I am still trying to get to my first million.

Quote from Rearden Metal:

What would you do with all your time?
I know how much better off I'd be to call trading a part time gig, and only trade during the high Vix mini-panics (about 2 or 3 months a year)... but the boredom of not working always drags me back in.

 

[Rearden Metal]

Quote from midlifeguy:

Did you make all of your net worth from Trading? What is your secret? I am still trying to get to my first million.

</i>Did you make all of your net worth from Trading?</i>
---->Most of it. I've also taken in notewrothy sums from investing, online poker, and a car crash injury settlement... if that matters.

<i>What is your secret?</i>
----> I'm not normal. Savant-like pattern recognition ability and low latent inhibition make a killer combo for trading.