Trading is a VERY GOOD job

Quote from timytime:

I can not wait for each day to start and the weekends are very boring.
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Whoosh...that`s a relief. I thought I was the only freak who hates the weekends.
 
Quote from Kicking:

Dude it's not a job!
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Couldn't agree more. I get to play with computers and cash in, automate things, retire, etc. That is not a job, that is getting the life I always wanted.
 
Quote from FasterPussycat:



hey dudes just be very thankful that it all 'works'" cause if it didn't many of you would have to actually work "real" meaningless jobs (OH GOD NO!):p

thank your lucky stars this market aint totaly random (just a little) or you would be truly freeaked!:cool:
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"-- I'd like to meet his tailor!"
 
Not to mention that I don't need to wear a suit and pretend that I am a better person. :)

There is no phoniness in our business.
You do your own thing. No lies, no overtime bull shit meetings.
 
On one side of a trader career, if we free our mind, anything is possible. On another side, as we get obsessed in this illusion, there has never been a fair game. Connections and networks are still significant for our profitability.

No More.
 
Yes, the opportunities are huge...and they have to be to attract new money. I don't know about equties, but in futures every winning contract has a offsetting losing contract. If the winners in any given year represent 20% of the players as in a pereto-levy distribution then the opportunity must be very great to attract people that appreciate the odds.

For instance, for a person in a deadend 50k/year job to take up trading with a 80% chance of breakeven or loss in a given year the payoff must be 250k or more (otherwise the person shouldn't trade). (.2*250k) - (.8 * 0k) = 50k (actually the trader needs to make more due to higher taxes, and paying their benefits out of pocket).

Fortunately, I don't think the winning years are independent. My experience has been that a win in one year tends to predict a win in the next year. Unfortunately this also implies that a losing year begets a losing year, so the odds of a losing trader joining the 20% club are pretty slim.
 
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