there is no career in trading - quote

cruisecontrol said:
What is the definition of "building" something? If it's literally, physically building something then most careers build nothing, only a small % of people work in construction.

In reality, pretty much no successful traders "Just Trade". They have to build a system, build their skill, build their model of the market. This isn't gone when you stop trading.

If building means contributing to society, well, if you have an "active" income (with a few exceptions) you are by definition contributing to society. Every voluntary transaction results in both parties being better off, and the same applies in trading.

Besides that, the main purpose of any career or job is having an income. With an income, people build their life. Support a family, support other businesses with their consumption, etc. Why does that not count as building and achieving something?
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My old man use to say it doesn't matter where you're working or what type of job you're doing...

Pay your taxes, stay out of trouble (crime), take care of your family and you're then contributing to society.

wrbtrader
 
Handle123 said:
Trading for small amount allows more freedom. Freedom to work anywhere, live anywhere....But for most, trading is a dream...
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Any tips for those that plan to trade from an RV while traveling across the country like a nomad (just for the summer)...you know...work anywhere and live anywhere ???

wrbtrader
 
“There is no career in trading.
You get to the end of it and look back and wonder what have I accomplished”
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Every single one of my friends would trade their “career” for mine in a second.

Them- Sitting in traffic, waiting for the bus, crowded train, etc just to get to work and bust their ass for a paycheck while someone above them gets rich off their work.

Me- Home office. Answer to no one. Work for no one. Keep everything I make. Take off whenever I want.

Oh and as far as “what have I accomplished”…how about generational wealth for your family!

No career in trading. LOL. Yeah ok
 
Handle123 said:
for most, trading is a dream
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Clubber Lang said:
Every single one of my friends would trade their “career” for mine in a second
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Trading is Everyone's Dream.
Imagine that....Not having to Work, but just staying home.....essentially printing money from your notebook computer or tablet. Mmmmmmm,

There's a reason trading completely Skyrocketed during the Coronavirus of 2020/2021 ....people at home, combined with free money checks, combined with social media charlatans pitching their sexy courses....,the Perfect Storm,

Building a product/business or so-called career....is vastly overrated, anyways.
It used to be prestigious to be called a business owner or entrepreneur.....Nowadays, that means to be on social media selling overpriced bullshit to the brain dead sheep out there. Producing 2bit dumb, bright, hype video content for ad revenue.

Having a career is nothing nowadays anyways....companies are just using you like a pimp uses his hoes. Morals, ethics, and legality has gone down the drain across society. Every workplace has a toxic culture.
 
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Clubber Lang said:
“There is no career in trading.
You get to the end of it and look back and wonder what have I accomplished”
—————————

Every single one of my friends would trade their “career” for mine in a second.

Them- Sitting in traffic, waiting for the bus, crowded train, etc just to get to work and bust their ass for a paycheck while someone above them gets rich off their work.

Me- Home office. Answer to no one. Work for no one. Keep everything I make. Take off whenever I want.

Oh and as far as “what have I accomplished”…how about generational wealth for your family!

No career in trading. LOL. Yeah ok
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The number of retail traders who create generational wealth (call it 50mm or more) strictly by trading must number less than 100 in America.
 
the majority of retail traders are momentum which means they are sucking up liquidity and not providing it. In the commodities space they add volatility to input products which creates inefficiencies in the real economy.


I would argue that the active trading community as a whole is a net negative to the world, which is why no one cares when you don’t make money.

On the flip side, we want our doctor to be well to do, because if he isn’t the next smart guy won’t be a doctor and we will die at the hands of an incompetent surgeon.

MrMuppet said:
I completely disagree, probably also because I have a different view on trading, also when it comes to style or method.

IMHO, you can only make consisten money in this business in two ways:
- you provide liquidity which also can be viewed as closing the gap between natural buyer and seller
- you get paid a premium for risks other people do not want to take.

And these two in itself are incredibly valuable services since our entire society is build around these two principles.

That's why banks are so crucial, because they make capital available by scraping together many small borrows from retail and other banks to provide loans to businesses and real estate owners. They provide liquidity and capture the spread.

That's why insurance business is so crucial because they take on the risk you don't want to take and receive a premium for it.

Would you be able to buy a house without a bank? Run a business without loans, lease a car, hell even get a mobile phone without a payment plan? What about health insurance, car insurance, liability protection? No, you would pay rent and when your kid does something dumb, you're bankrupt.

I am the guy who makes it possible for other people to bet on direction, to fill up their retirement savings plan, to liquidate their positions when they need cash or have a margin call.

Where would the western world be today without traders like Mark Rich who literally created the spot oil market. You'd probably pay 60$ per gallon if there even was enough oil in the first place.

Empires have been created by war and by trade. And for the most part, most wars were fought to access trade. So how can you say that you create and accomplish nothing after you looked at it from this perspective?


Trading financial products is just like any other merchant business out there. You buy shirts at wholesale and sell it at retail, you make t-shirts available to everybody in your area and whenever your shop is open, people can just chime in to get a t-shirt. Your inventory is your risk and the more volume you do the more often you capture the spread.


It's because people tinker too much with systems that try to predict the outcome, they think too much about what is going to happen in the future. I don't care about that and nobody else should. Look where the margins are, where the risk is the lowest for the potential return and how to take the other side of the dominant flow.

When everyone wants to sell tech, well figure out how to buy tech and get paid, when people do covered calls I'll be buying those calls and spread off my risk. Buy and sell back to back, because people want to do business. And if that's not a service, I don't know what is.
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I think this is something every trader has asked themselves at some point. I also think it's what makes trading one of the hardest career choices. Just you vs yourself and the markets.

We all became traders because of the freedom it can provide us. We don't have to be tied to anything. Then again what's the point of life if you don't have something to commit to. If you can't leave some sort of legacy.

You'll notice many traders have side projects, refurbishing old cars (Ross Cameron) or building schools (Tim Sykes) two easy ones to point out. I think this is what it's all about. Trading, like money, is just a tool to really make your impact. Whatever that may be.

Plus trading is fun as hell haha (jk serious face again).
 
alexwinkler said:
We all became traders because of the freedom
You'll notice many traders have side projects, refurbishing old cars (Ross Cameron) or building schools (Tim Sykes)

trading is fun as hell haha
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Freedom? Yea, right. Everyone is here for one thing....because we are money hungry demons.
There is no other so-called noble or pure pursuit to this endeavor of trading. Trying to generate money from nothing.

Ross Cameron, Tim Sykes,
Jason Bond, ....a lot of these guys/crooks and their trading schools....all have pending lawsuits against them by their former, conned, disgruntled, angry students.

But....trading is fun as hell haha
 
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