Where does everyone live/trade and how old.
- Thread starter Steve Tvardek
- Start date
40 years old - american
living/trading in thailand (us markets)
took about 18 months off, but now on the road to recovery from a bad cci experience (that was my fault)
living/trading in thailand (us markets)
took about 18 months off, but now on the road to recovery from a bad cci experience (that was my fault)
Good luck on the recovery!
Maybe, you haven't lived in foreign countries. How does lucky if you find one slow internet connection sound unless you live in a large city? Forget a backup IP. You might be doing good to get one slow connection depending on where you live.
How does taking 1 hour to make a simple phone call to your broker sound? I have spent hours trying to make a simple phone call to the U.S.
Cell phones? Well I have had to drive down a mountain to get a signal to call. Know how much moola you can loose day trading S&P and are racing around trying to get a signal on your cell phone to call your broker?
I lived in Latin America for about 18 years minus trips to U.S. One town we lived in had ONE phone line going out of the town. Sometimes, farmers slash burning would accidently burn the line down ..that is what i understand..and guess what? A good wait until they managed to first locate the break and then fix it.
Throw in the power going off at exactly the wrong time (happens alot...believe me) and you can be in real trouble. Many internet IP in Latin America work off satellite. Guess what happens on cloudy rainy days? You got it no signal! No trading! Stuck in a trade too bad! Compound that with the fact that say for a country like Honduras Rainy Season can be from may/june to end of December. Boy, that can mess up signals.
Of course, some of this can be eliminated by living in a large LA city. But then you think it is a rat race here in the cities wait until you get in rush hour in say Mexico city with cops running around to give you a ticket for any reason they can think of. The driving has no rhyme or reason to it. Whoever can get the nose of their car squeesed in first gets to go first unless there is a mexican stand off in which case NOBODY goes ANYWHERE until one of the standoff people humble themselves and swallow their pride and back down so the trafiic can get moving. Spend a week in Guatemala city breathing the black desiel fumes ( they love desiel there.. cars truck.. busses.. if you survive the constant black smoke then "the wild every man for himself" driving could give you a cardiac arrest. Not to mention if you say have an accident in Mexico you are a criminal! It is a criminal offense to have an accident! That is why the drivers most of time flee the scene.
So, if you live in the rural areas or a small town then internet connections..power..phone.. cell signals can all be a major problems. If you live in the city then you have the traffic..smog..power..and accident risks (I have had my share of them...it doesn't matter whose fault it is if you are a foreigner it is automatically your fault!...usually). It might be the best thing to do if you have a fender bender is just tell the other guy to follow you to the paint and body shop and hand over the money and pay for it on the spot without getting the police involved. Why? because if you do get the police involved it may still end up being your fault...usually.. and the police will probally impound your vehicule..and may take your license.. and then you will owe not only the police but the other guys repair also!! I have actually had to hide behind a vehicule (so no one would see) while I pay the police what they ask for and then pay for the car that drunk man was driving and hit my vehicule. He walked I footed the bill for my vehicule and for the other guys (the drunk wasn't the owner he was just driving) too along with giving the police some money so I could get my vehicule out of the pound. The owner of the car called (i guess it was him) his taxi driver friends and here they raced down to the police station to make sure their friend didn't pay but that I paid. We almost had a riot over a fender bender. The police were calling for rienforcements. Some of the taxi people were screaming and yelling at the cops. I guess I was fortunate to get out alive. One wromg move on my part and I might have been a goner.
I have taught Central Americans to daytrade. You just do the best you can but believe me it is not as easy at it may sound at first. You just deal with it. But it can get on your nerves.
On the positive side I have many many friends in LA countries and life in many ways is more peaceable especially if you live in the country. But third world countries aren't exceptionaly conducive to trading but it can be done if you are a patient person and can deal with frustations. Relationships run deep in LA something we sometime lack in NA. Cost of living is not necessarily cheaper any more like it used to be.
Are you sure you wasn't in amazon? Huhaaa
No, just a normal town that has at the present around 50,000 people and then another town that has around 150,000 to 200,000 souls. The previous senario is par for many LA towns at this present time. Of course then you have the many many villages that have NO electricity..no phone...no internet..no tv's..no supermarkets.. no gas stations..no ice cream..no running water..no bathrooms and sometimes no out houses!
Speaking of jungles I did live in the jungles of Panama back in the 60's. I have hiked 12 days (walk..horse..canoe) in the jungles of Honduras all the way to the north coast. I have been on tiger hunts (not allowed now I think..I did this years ago when they allowed it.) in Belize and made jungle hunting camp there. I have had alot of fun in third world countries and have a great time with the country folks. I speak spanish..my wife does and my children do. There are not many things scarier and more exciting than night hunting in the jungles and it so dark you can't see your hand inches from your face and hear an animal coming in the jungle and you are not sure what it is until it gets close and you turn your headlight on. . It could be a deer. it could be a tiger or jaguar. Throw in some deadly snakes and life gets exciting!
Nothing personal, but it sounds like you need to be on a couch of a professional and not in this thread!
From the conditions that you described, I don't see how the thought of "day trading" even can come up. Position trading, maybe, but any type of short-term trading is a sure way to financial suicide. Only the most hopeless gambler would contemplate to trade short-term under the conditions you described.
i live in milan, italy