Trading for a Low-Paying Living

[Thunderdog]

Quote from DHOHHI:

I'd much rather make LESS $$ trading than what I made in the corporate world.

Absolutely.

 

[nzbryant]

Quote from science_trader:

Not really the fact to love/hate your job. What makes me really sick in 'standard' job is to work for the others...and having to listen to so many nonsenses and political fights inside the companies.

Completely agree

 

[nzbryant]

Quote from FuturesTrader71:

I don't get the same numbers from my accountant. He handles some of the biggest gorillas in Chicago's pits as well as others who have been in it for a while. The stats that he and I have discussed earlier this summer don't sound at all like Green's. I think that stats will give you whatever you want them to. I think Green's stats speak of his clients only (which I wouldn't necessarily consider to be a sample of the greater picture). I have had the opportunity to meet numerous traders in Chicago and I often discuss this with them (taxes are always a big topic). I haven't heard Green's name mentioned any where before I arrived at ET. I think the stats only speak for his clients and wouldn't make a comprehensive enough sample, in my opinion.

What kind of stats does your acctnt indicate?

 

[misctrader]

Quote from science_trader:

I tend to value freedom to more than millions of dollars.

Trading to live (even if some are not making 300K$ a year...) is always better than being forced to work everyday 9-5...

science_trader,

I agreed with everything you said in principle! I've been there, done that. Did the corporate thing. Quit. Did the trading thing. Now doing something else.

But in PRACTICE, it's quite different. People go into trading because of freedom(same as what I thought). But what is freedom when the the vast majority can't even make a measly $50K/yr PRE-TAX? Many blow up. Dwindle their accounts. Live on the edge with no savings.

We all want financial freedom. What's the point of trading to get one form of freedom(freedom from corporate slavery & politcs etc like you and many mentioned) and trade it for ANOTHER of SLAVERY when you 30 or 40 and still not making it in trading with no savings, no marketable skills, and an uncertain future...


And also, some people are lucky enough to find the REAL KIND OF JOBS they love! Maybe I/you was/were in the wrong corporates. Now, I feel so much better and happier. It's not black and white. Maybe the corps you were with were the wrong culture and mix. There's always others you can be happy with.

Life has some compromises. We trade on slavery for another "freedom" and vice versa.

Just think about that..

misctrader

 

[nitro]

If it weren't for the problem of good innexpensive Health Care, trading would have zero downside, even for the people that "only" make $50k.

With rising health care costs, sky rocketing education costs, sky rocketing housing prices, local governements going broke and thirsting for more taxes, sky rocketing commodity prices, should I go on in our rising costs of living?

Still, if you are young or are young at heart, nothing beats trading for the pure freedom and creative expression it allows, no matter how much you make.

nitro

 

[risktaker]

With a $1-2 mil, one can trade and likely have a decent living. But, for most of the sub $50K accounts, good luck. This market just doesn't move.

 

[nitro]

Quote from risktaker:

With a $1-2 mil, one can trade and likely have a decent living. But, for most of the sub $50K accounts, good luck. This market just doesn't move.

With 1M to 2M, I would rule the freaking markets.

nitro

 

[science_trader]

Quote from misctrader:

science_trader,

I agreed with everything you said in principle! I've been there, done that. Did the corporate thing. Quit. Did the trading thing. Now doing something else.

But in PRACTICE, it's quite different. People go into trading because of freedom(same as what I thought). But what is freedom when the the vast majority can't even make a measly $50K/yr PRE-TAX? Many blow up. Dwindle their accounts. Live on the edge with no savings.

We all want financial freedom. What's the point of trading to get one form of freedom(freedom from corporate slavery & politcs etc like you and many mentioned) and trade it for ANOTHER of SLAVERY when you 30 or 40 and still not making it in trading with no savings, no marketable skills, and an uncertain future...


And also, some people are lucky enough to find the REAL KIND OF JOBS they love! Maybe I/you was/were in the wrong corporates. Now, I feel so much better and happier. It's not black and white. Maybe the corps you were with were the wrong culture and mix. There's always others you can be happy with.

Life has some compromises. We trade on slavery for another "freedom" and vice versa.

Just think about that..

misctrader

I am totally disillusioned about most people and I think this is the main problem for a complete integration in a corporate place, whatever it is. I have tried banks, insurances, software companies, sports instruction, university research ...and even the army. All about the same. Definitely not for me...

I understand what you mean through financial freedom, but I would tend to believe that being in a state of total financial freedom isn't a good thing either as it usually stops you from inovating and taking risks in your life. But I'm still in my early 30s, and perhaps I might think otherwise in 15 years from now

 

[taodr]

Quote from nitro:

With 1M to 2M, I would rule the freaking markets.

nitro

Geesus Nitro, the way you talk I thought you had that dough in your back pocket years ago !

 

[prt_systems]

Quote from nitro:

With 1M to 2M, I would rule the freaking markets.

nitro

... with much less less than 1M in my trading account it is still possible to do OK .....

Most of the people that I know that are in trading are making more than 50K a year by the way - or they would be doing something else.....