why do people laugh when I mention day trading?

Quote from Lethn:

My own father calls me a naive fool for wanting to go into trading..... Boy I'm going to make him eat those words >_<
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its a generational thing,

seems most traders point to this very same statement,

seems the older generation really knew what they were talking about, after living through the depression and the next generation (children of those in the depression), in terms of needing (mental) stability from a hand to mouth job...

the ability to handle inordinate risk, like traders do, each and every day, is not a gift of all men.... or women....
 
Quote from Billy Thunder:

The corporate drones have drank the kool aid and see all forms of entrepreneurship as fair land tales. Tell them you are a derivatives trader and you specialize in real time hedging strategies ie you hedge against not paying your bills in real time lol. Working for the man is a bitch game and one I'm not playing. Buy a Rolex and a Zegna suit and slap them in the face when they roll their eyes.
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Man, that had me howling! Classic!
 
Quote from chipmunk:

I hate it when people ask "what do you do for a living/work/etc" and i say

" I day trade..."

Why do many roll their eyes,;augh and say "oh that's risky. Why don't you get aproper job?" Some simply giggle....

Why is it? Some of these are my friends and family as well. :-(

Next time I am simply going to say "nothing"
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Because any douche bag with a computer and a couple thousand dollars can call themselves a trader. It especially funny when you still live with your parents or live in a shitty apartment. In reality you are just unemployed and probably a huge loser and should just go get a job. You are not an entrepreneur.

If you could become a doctor by buying a couple knives and an operating table, people probably would run from anyone that said they were a doctor... Thats why you are getting the reaction you are getting.

I would love if there was a little more professionalism in this business.

5yr
 
Quote from chipmunk:

Why do many roll their eyes,;augh and say "oh that's risky. Why don't you get aproper job?" Some simply giggle....

Why is it?
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Because their azz is stuck working for the MAN! :eek:

:D May they ENJOY their dependent situation! :D
 
This guy isn't ashamed about being a day trader:


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for most people day trading is fools gold. the most common number is 80-90% fail. i know. you are sure you will be in the 10% that make money.
even for many of those that make money, if you understand oppertunity cost, you will not come out ahead. if you have the ability to make 50k a year at a job plus benifits it means you must make > 1000 per weekdaytrading to just break even. for most people it will be more profitable to keep your day job and do your trading in a longer term timeframes.
 
Quote from hoodooman:

I saw a movie on hulu that sums up 50% of the human race, i.e., the male half.

In the movie, there is a secret society in a high school and they have this superstition about turning a white rose red.

This guy that they all dislike does it and they can't figure out, so they stuff his head down in a commode and nearly drowns him. He is so humiliated he commits suicide.

I've seen the same kind of shit all my life.

I think that a great number of men in this country are looking for someone that they can humiliate. Very few are looking to find something good in an individual.

Buying fancy cars and rolex watches won't change a god damn thing. You don't need to impress these people cause they are just no damn good.
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Very well said, you are a good man, hoodoo
 
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