Suicide And Trading

I don't agree with the data suggesting suicide is very uncommon among retail traders, from what I understand of people who try to research retail traders there is no verifiable empirical evidence of retail traders existing as a group of people with a sustainable career, therefore their identity as a retail trader is fleeting and prone to self-implosion and they are not a career demographic group in the same sense as financial managers or dentists are.

With the rates of suicide as high as they are I suspect trading and investing failures are contributing factors in many unreported suicides, especially when there is confluence with other issues such as major health issues or divorces.

One could torture the definition of a trader and say that those who manage their 401Ks in and out of the most aggressive investing strategies are traders as well, many people lose money on their 401ks and have the subsequent financial losses as a contributing factor in their premature death.
 
Then again, for some of us, trading is the only thing preventing us from committing suicide. That's why a lot of traders who run out of money and can't trade anymore just commit suicide.
 
ETcallhome said:
Then again, for some of us, trading is the only thing preventing us from committing suicide. That's why a lot of traders who run out of money and can't trade anymore just commit suicide.
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Those types of traders should not be trading...they shouldn't even have a trading account. In fact, they shouldn't even be hanging out at trading forums or anything to do with trading.

Most folks in situations like that just get a job when they run out of money but there are a few in past news that did exactly what you stated and in those stories...they had other issues not related to trading that was extremely problematic.

Simply, if you don't have a healthy mind...it doesn't matter if you're a trader or a dentist or a police officer or a real estate agent or a soldier that has returned home from combat....your risk of suicide increases when the economy goes southward or when you have financial crisis.

The problem is money itself...many in the world attach their identity or worth to money.

P.S. Anybody remember the woman that spent all of her money (life savings) on lottery tickets when the Powerball went over a billion dollars ? She didn't when and was broke. She then asked for financial help on gofundme and people started giving her money...some included advice like "go invest that money and don't play the lottery anymore".

That's my point, people mistakenly see money as a solution to problems that have nothing to do with money. That's why I keep saying, many traders are not suitable for trading long before they open a trading account...they have real problems not related to trading that needs to be resolved first because trading (the markets) is very good at exposing unhealthy minded people.
 
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wrbtrader said:
Those types of traders should not be trading...they shouldn't even have a trading account. In fact, they shouldn't even be hanging out at trading forums or anything to do with trading.

Most folks in situations like that just get a job when they run out of money but there are a few in past news that did exactly what you stated and in those stories...they had other issues not related to trading that was extremely problematic.

Simply, if you don't have a healthy mind...it doesn't matter if you're a trader or a dentist or a police officer or a real estate agent or a soldier that has returned home from combat....your risk of suicide increases when the economy goes southward or when you have financial crisis.

The problem is money itself...many in the world attach their identity or worth to money.
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the reason those kind of people don't commit suicide is that no matter how many times they blow up they can always put together another stash

If you are not suicidal, you really have no business trading. Just because you are suicidal doesn't mean you can't succeed in your chosen profession whether it is trading or bull riding or race car driving.

Some people want to live. Some people want to die. I wouldn't think anything less of a man if he "prayed every night for death to come". In the meantime, if he can occupy himself with trading and that postpones the inevitable it aint a bad way to live.
 
ETcallhome said:
Then again, for some of us, trading is the only thing preventing us from committing suicide. That's why a lot of traders who run out of money and can't trade anymore just commit suicide.
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Is it trading in-and-of-itself that makes life worth living or is it MORE LIKELY the belief that this is possibly a sustainable career and a chance to be financially secure, which has led to finding such purpose in trading?
 
Q3D said:
Is it trading in-and-of-itself that makes life worth living or is it MORE LIKELY the belief that this is possibly a sustainable career and a chance to be financially secure, which has led to finding such purpose in trading?
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oh no, I'm already financially secure. If I don't trade,what the hell else would I do? I hit a very high high in July 2015 and my goal was to get so small as to be semi retired by Dec 31. And I just started making small wealth preservation/survival changes to my trading. Something I have never done before due to the fact that I am suicidal. And that was the first time I saw just how miserable it goes for survivalists in the market. No wonder everybody over here is always so pissed off. But for some reason, they still don't commit suicide. But some do. And most of us that are suicidal don't commit suicide, but some do. See the difference?
 
I don't disagree; I agree.
Suicide and Trading kind of can potentially go hand-in-hand. -- I have felt manic at times. and other times, I feel like I'm on ecstasy.
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ETcallhome said:
No wonder everybody over here is always so pissed off. But for some reason, they still don't commit suicide. But some do. And most of us that are suicidal don't commit suicide, but some do.
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Maybe you're waiting for something like a cancer diagnosis to push you over the edge? Even then I still would blame trading for your suicide if it lead to years of alienation prior to such a diagnosis.

How do you know they don't commit suicide here? What happened to all of the posters from the pre-algorithm-dominated markets of post-2008? Did they just decide never to login again or forget their passwords and e-mail addresses? I doubt that.
 
Q3D said:
Maybe you're waiting for something like a cancer diagnosis to push you over the edge? Even then I still would blame trading for your suicide if it lead to years of alienation prior to such a diagnosis.

How do you know they don't commit suicide here? What happened to all of the posters from the pre-algorithm-dominated markets of post-2008? Did they just decide never to login again or forget their passwords and e-mail addresses? I doubt that.
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you don't have to kill yourself physically to commit suicide. Especially in this digital age. Now it is just a matter of changing your screen name.
 
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