Suicide And Trading
- Thread starter Q3D
- Start date
I see, jobs that have lumpy income, work in isolation, job not stable and stressful have the highest suicide rate.Changing your lifestyle, diet and exercise along with medical therapies will help.
Changing careers will help too because trading is not suitable for everyone...financially nor psychologically. Too many retail traders (most) get involved with trading as a way to solve their financial problems and when that doesn't work out...its just too stressful too manage and possibly worst.
As stated earlier in this thread or another thread, the issue is the stress management...still an issue if someone is profitable. The naive believe that if I'm profitable...the stress will go away. Profitability is just a "band-aid" on top of the real problem...traders not suitable for trading.
I once stated here at the forum about which careers had the highest rate of suicide in comparison to careers as a retail trader:
1: Fishermen, farmers, lumberjacks, workers in agriculture or forestry: 85 out of 100,000.
2: Builders, carpenters, miners, electricians: 53.
3: Mechanics, maintenance workers, repairers, installers: 48.
4: Production and factory workers: 35.
5: Architects and engineers: 32
6: Firefighters, police, corrections workers, others in protective services: 31.
7: Artists, designers, entertainers, athletes, media: 24.
8: Computer programmers, mathematicians, statisticians: 23.
9: Transportation workers: 22
10: Corporate executives and managers, advertising and public relations: 20
11: Workers in the legal system: 19
12: Doctors, dentists, health care professionals: 19
13: Scientists and lab technicians:
Unfortunately, retail trading is not a specific group. Instead, most research list "Financial Institutions" and the above groups are typically listed above (with higher rates of suicide) than financial institutions.
As stated before, other professional careers have "help in place" to identify an employee in trouble, paid professional help for an employee in trouble, paid vacation, leave of absence and so on...many insurance policies cover depression/medication and so on.
Retail traders do not have the above...they are completely on their own which is why I strongly believe that if "financial institutions" are broken down into sub-groups...retail traders suicide rate would equal the rate in the overall group or be higher do to the fact that retail traders are more on their own to deal with the problem of depression & stress & pschological issues that arises from the stress of being a trader.
That's why I put emphasis on insurance (health/medical/dental) for retail traders. If you can't afford it...trading is the wrong career for you.
Simply, trading is not for everyone...even those that are successful commit suicide...that's the negative aspect of money. Money is the root of many issues in society today & past & future.
wrbtrader
P.S. On a positive note...happy Father's Day to all the fathers here at ET. My kids went down the street to Tim Hortons to get donuts for me. Unfortunately I'm not a donut person. Thus, gotta pretend I like the donuts.
Wait, as a full time trader, that is me.
He last posted earlier this year.
Did you personally know him and what happen to him ???
wrbtrader
There's lot much more to live after losing. Just like market went up after global crash. Just like Founder of KFC. Even me personally, been thought about it 5 years back. And after someone saved my life, it completely turned out thousands time better than earlier and made me realize that those problems were too small.
Our lives are different no doubt but give yourself a time. You are here not for yourself but for others.
This is not for depressed people but for everyone here,
With love.
Our lives are different no doubt but give yourself a time. You are here not for yourself but for others.
This is not for depressed people but for everyone here,
With love.
Retail Forex trading destroys lives.
It must be banned and made illegal with serious jail term as a consequence.
The entire forex retail industry must be dismantled, razed to the ground and salted so it never rises again.
You could substitute "skiing" for "retail forex trading" and save many more lives and far more misery.
There has been hundred of millions of dollars in fines levied against banks and financial institutions manipulation in the forex currency markets. Many employees involved in the manipulation fired...only a few of that were actually jailed.
Yet, this manipulation has been going on for decades.
To remove forex...you would need to remove currency and the only way to do that is make a global currency only while banning the use of any other currency...resulting in a ban on forex trading in away via only allowing one currency to control everything.
That day will never occur in your desire to see retail forex currency banned and individuals jailed for such while the banks & financial institutions continue doing such.
It'll be like banning and jailing people for watching TV in hopes they'll exercise more and then hoping the more exercise will result in better health.
Easier solution...make forex brokers accountable of whom they allow to become clients and setup some kind of vigorous testing to determine whom can be a retail trader of forex or of any market. That too isn't realistic...brokers go out of business, banks go out of business...people lose their jobs and you then get an economic crisis.
wrbtrader