What happened to the old traders

chiguy said:
i'm still trading... like other posters have said... got tired of the flame wars... quants more than HFT have ruined the trading biz. shaved edge down to fractions of a penny... no size available...maybe you get a couple of hundred shares when you cross markets... low volitility has also made trading awful.
More...

If you are willing to pay up to the offer on SPY or many other liquid names, you will get all the size you want. For example, VXX has a thick book even at 6:00 pm.
 
quant1 said:
If you are willing to pay up to the offer on SPY or many other liquid names, you will get all the size you want. For example, VXX has a thick book even at 6:00 pm.
More...

Or you could just trade the actual VX futures which VXX uses as it's underlying.
 
BONECRUSHER said:
Does this also mean a lot of the "serious traders" were the one's doing the "bickering" too...flexing their egos as well?
More...
From what I saw, a few of those guys participated in it at first but wound up leaving once they realized that a lot of people come on here solely for the purpose of arguing.
 
Some of the old handles from way back have been hijacked/pirated from some of the stealth multi alias and robot posters... completely different posts and personalities.
 
Handle123 said:
I exchange emails with "NoDoji" couple times a year. Am not going to share the whys she left nor where she lives now or how well she doing. Bottom line she doesn't want to come back here. I think many come here for reasons of either learning or looking to add nuggets from old posts or people trying to steal to sell. Times have changed radically on the forum, it use to be an exchange of ideas was first, and now it is an exchange of trash talk for most part. Most of the time, it is post something then be attacked or "where is stats or proof", people want you to bust your ass in programming and share your findings or they want me to send them data, screw that. I could care less if they prove it or even show brokerage statements, cause I don't trust anyone, don't know how they traded it to get findings or their accounts whether real or paper trading. Matter of fact, I get more ideas from beginning traders than old farts cause they share little of value not to come close to how they trade. I am entering new stage of my life, it is called being well again by end of Spring, I be on the road RVing then thinking of going from private trader to being more.


“Finish each day and be done with it. You have done what you could. Some blunders and absurdities no doubt crept in; forget them as soon as you can. Tomorrow is a new day. You shall begin it serenely and with too high a spirit to be encumbered with your old nonsense.”
― Ralph Waldo Emerson
More...


I don't blame her from leaving.. She shared valuable information and a lot of people didn't appreciate it.. But I'm pretty sure she still is a profitable trader.. We had talked a couple times on skype before and she is a very bright person..
 
Not everyone is wired the same. Just as you can't assume that other traders and investors feel the same way about a stock, you can't assume that others feel the same about trading. One person's stress is another person's excitement. For many, trading is like gambling, once you've experienced it, its hard to quit. And your life is never the same afterwards.

Sure, if I never had started trading, my life would be much fuller and fulfilling, but you can't reverse life. The ups and downs from trading dulls the senses, just like gambling. It makes other activities and hobbies boring in comparison.

rallymode said:
I can't imagine anyone trading their own money not pulling back the risk significantly or giving up trading all together once they've reached their "number". There is so much more to life than wasting it in front of computer screens looking at numbers. Trading your own money isn't boring, regardless of what you hear on ET. Ask anyone who has earned their entire net worth from trading risking their own capital and get back to me. It's super stressful. Sooner or later, you start compromising your health for extra PnL that has no marginal utility. There is a thin line between passion or love and an addiction.

IMO, trading shouldn't be a life long choice, not even a career to be honest. You should make as much as you can as fast as you can, before your alpha disappears or health gets compromised. Just my 2 cents.
More...
 
  • Like
Reactions: 777
You must log in or register to reply here.
Back
Top