Trading and Dating/social status

Quote from logic_man:

And she could make a mistake, lose her medical license and get sued for every dollar she's worth.

No shortage of risks in the world.


Malpractice insurance? :D Traders loss insurance??

Otherwise, very true.
 
Why do you assume his wife will want to divorce him? :confused:

Using the word "when" instead of "if" suggests that you think everyone must follow in your life's experiences.

PS What the heck is a "dalmation" anyways?

Quote from Dalmation:

Thanks, Mike. Excellent points and real life example

A warning however---

I too WAS married to an attorney-- be cautious when they turn on you and the divorce follows .... It can be brutal.
 
Quote from Fireplace:

Why do you assume his wife will want to divorce him? :confused:

Using the word "when" instead of "if" suggests that you think everyone must follow in your life's experiences.

PS What the heck is a "dalmation" anyways?


Female lawyers are like lions. They have 2 moods attacking and sleeping.

I know several and this is based on first hand experience.
 
stock broker or financial advisor or financial analyst or investment advisor, portfolio manager are 'respectable' occupations.

all the good traders eventually trade or manage other people's money.

the homebased retail trader 'daytrading' at home with his own money is NEW occupation that didn't exist in the 80's and 90's

previously the only way a small retail participant under $5,000 in capitial could participate in the financial markets was personal portfolio as commmissions was prohibitive to daytrading and even swing trading. it used to cost $100/trade or $200 for round trip.

I laugh at traders that don't have the confidence to trade other people's money.

no bank, venture capital will lend a nobody or newbie even if you have a track record and invest in your trading operation. why, because they don't trust you with their money. an unregistered financial advisor in the street corner has no reference or credentials and can just take the funds and run..--- which is the reason financial advisors are 'registered'. and bonded with their broker/dealer. much like real estate firms.

a financial advisoor, CFA etc havte to ake numerous courses and sponsored by a firm to get the CFA designation like in accounting. that CFA, CTA is your 'credential' in the industry.

although you make most of your incomet by daytrading and trading.

as for income, incomes vary among financial advisors and real estate agents. average real estate agents and some financial advisors barely making a living while others make six figures. just like law etc or any small business. A financial advisor license or law license is just a license. like any trade, some plumbers make $50,000/year while owners of a plumbling company make 7 figures.

in business especailly in service business, it's who you know not what you know.

as for girlfriends, they don't care only you are driving a brand new $100,000 car and net worth is 5 million these girls don't care if you are an 'unemployed' millionaire.

Girls imo only care about money while guys only care about looks,,imo.

in this age of women liberation, women make more money than guys. and many of the careers are no longer men only. a woman ceo of fortun 500 in 1960 was unheard of.

women in the middle east and many countries are banned from the business world or working world. sexual descrimination is raampant in many countries and not so long ago in the US for better or worse.

Quote from Robertwiz:

Some questions to those making a decent middle to upper middle class living as traders who have not reached millionaire status yet:

In our society especially in major cities a person social status is determined heavily by their current occupation, right or wrongly.

While it is obvious what the social status is of a brain surgeon or mcdonalds worker, I am wondering how people view self employed traders both for friendship and for relationships.

Being a self employed trader does not fit into any unique occupational class since it has some white collarish professional elements, blue collarish elements, and even pro gambler elements to it.

While I know that every situation is unique and every person is different from your experience, how are mom and pop traders treated socially and in dating as in:

1. What social circles are you accepted in? For instance, if you go to a cocktail party full of doctors, lawyers, and i-banking analysts are you accepted as a fellow professional? Even though trading is a not a traditional business, would you be accepted at some entrepreneurial type function?

2. These days both men and women are to some degree influenced by the social status of a person of the opposite sex.
Of course everyone knows of women that prefer 60,000 corporate types to 200,000 plumbing contractors, yet my best friend from college is obsessed with the fact that his wife to be is a lawyer!! Many people prefer white collar mates or blue collar mates.

My question is, when dealing with the opposite sex, how are you placed in terms of relationship status: Are you viewed as the equivalent of a high prestige professional, viewed as an ordinary small business owner, viewed as blue collarish, viewed as having an unstable source of income equivalent to pro poker, viewed as lying about the source of your income, etc.

I guess the more direct way to sum it up is say how does a guy who earns say 125,000 a year say trading ES(doable) stack up in the dating market compared to say a lawyer earning 90,000 , a corporate middle manager, earning 70,000, a plumbing contractor earning 100,000 etc.

Any replies would be appreciated.

Thanks
 
Ok....still doesn't mean you should assume his wife will divorce him strictly based on the fact that she's a lawyer.

Quote from Dalmation:

Female lawyers are like lions. They have 2 moods attacking and sleeping.

I know several and this is based on first hand experience.
 
It's funny how the same threads get recycled on ET every year or few years. The more the game changes, the more it stays the same.

Another topic that has been discussed here over and over and over.

:D

If you give a sh1t what others think of you, then you probably shouldn't try being a trader b/c it's not an easy career path.
 
So, I see that a self employed trader whether making 1 million dollars a year or 40,000 a year will be seen as either:

A. a loser

B. degenerate gambler


Why is it considered so much better in our society to be a sychophant in corporate America than to actually use genuine business sense to make money.

A decent trader is probaly making decisions about risk-reward, markets, the fundamentals of a company, when a strategy has run it's course etc.

Why is some staff corporate person or even line corporate person who spearheaded a program to start subprime lending more worthy of respect then someone who was clever enough to either:

A. realize that there was a bubble and with their own money have the courage to go short.

B. At least was smart enough to put in place a trend following system to catch such moves and the discipline to stay with it.

Even an a risk adjusted basis 200,000 emini per year is better than 70,000 mid manager per year.

The second could get laid off and never rehired.

Why in the dating scene should the way in which you get your money matter? Money is money as long as it is clean and legal.

Additionally, trading is more honest than being a corporate sychophant.

In contrast to those who get treated negatively by dates and even friends for your choice of occupation, has anyone gained acceptance for being a career trader?

Thanks
 
Who cares what people think? I own a couple of business's ,and trade among other things and when people ask me what I do I tell them a whole lot of nothing. It's none of their business and the mystery of what I do is driving everyone I know crazy. They cant figure out how I live. I could care less what they do for a living, if they are a real freind it doesnt matter.
 
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