Retirement for Traders

In trading you make it or you don't . It's black or white! And if you make it you don't think about retirement , because you have to love the game to get that far.
 
Quote from Mercury77:

In trading you make it or you don't . It's black or white! And if you make it you don't think about retirement , because you have to love the game to get that far.
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I'll disagree. Once you reach a certain level you can do it for the enjoyment but there may be bigger and better things out there for some. I love what I do and I've got a number of challenges/goals (not monetary - that's a side benefit when overcoming your challenges and achieving your goals) that keep me motivated and going forward. However, if or when I lose that motivation, I'll do my firm the favor and retire. I'll pack up, return to the states, spend more time with my kids/wife and probably give something back via teaching, volunteer work etc. There is no black and white.
 
Quote from def:



I'll disagree. Once you reach a certain level you can do it for the enjoyment but there may be bigger and better things out there for some. I love what I do and I've got a number of challenges/goals (not monetary - that's a side benefit when overcoming your challenges and achieving your goals) that keep me motivated and going forward. However, if or when I lose that motivation, I'll do my firm the favor and retire. I'll pack up, return to the states, spend more time with my kids/wife and probably give something back via teaching, volunteer work etc. There is no black and white.
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The black and white part is about the part of making it as a trader financially or not( trading full time) , and not about the rest of the things you do in your life or like to do. But what i tried to say was that you can never make it if you don't love the game and only think about financial goals you trie to achieve and when you can quit trading(retire).

By the way I am a market maker in options( The Netherlands) so if anybody has a question on this subject feel free to ask.
 
Quote from OldTrader:

My view would be that if you're worried about a retirement plan, you probably should go get a job...you're probably not cut out to be a trader.

You know, to be a successful trader requires some level of comfort with risk. Risk takers are probably not the people who are going to be worrying about their retirement plan BEFORE they're ever out of the chute.

That said, some years ago my wife and I started buying rental real estate. We didn't do it so much for retirement as we did for stability. It provided a base that we could count on, and reduced the pressures on my trading.

I'm glad we did it. The real estate has been very profitable over the years. And, if you want to look at it this way, it will provide income for as long as we own it...not a bad retirement plan.

OldTrader
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OldTrader, I've been trying to catch up with you from a few threads back. I have identified several Seniors Afternoon Bowling Leagues in your area! Would you like me pass on the specifics?
 
Quote from John Q Public:



OldTrader, I've been trying to catch up with you from a few threads back. I have identified several Seniors Afternoon Bowling Leagues in your area! Would you like me pass on the specifics?
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What do you do for a living son? You seem to have plenty of time on your hands to pimp people, and in general make a bunch of mindless posts throughout the day.

Why don't you try to do something productive with your life other than entertain the other idiots that find you amusing? Why don't you get a job, make a little dough, and perhaps when you've got a few thousand try your hand at trading? Anything has to be better than wasting your time posting shit that no one could care less about.

OldTrader
 
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