Do you admit to being a Trader?

Just had a thought. It is easier to make up something else. I noticed people always say, "Oooooooh! Be careful. I know one guy who lost thousands on the stockmarket!"

SHUT - UP!

Next time someone does that, when they leave to drive home, I will tell them, "Oooooooh! Be careful. I know someone who had an accident in a car!"
 
shadowninja said:
Just had a thought. It is easier to make up something else. I noticed people always say, "Oooooooh! Be careful. I know one guy who lost thousands on the stockmarket!"

SHUT - UP!

Next time someone does that, when they leave to drive home, I will tell them, "Oooooooh! Be careful. I know someone who had an accident in a car!"
Click to expand...

Friend of a friend was trying to sell a house last year. I mentioned this on another thread - greedy people who know nothing about the market but think their house is worth 140% of its value because "house prices always go up".

Anyway, this person got to hear that I was trading, and aside from referring to it as gambling more than once, started to give a lecture about how concerned they are because people lose money in the markets and you need tens of thousands of capital to make it work.

Said person can't sell their house, house prices have fallen since, and they have the worst personal finances I've seen in awhile. And they tell me I'll lose my shirt when I'm profitable in the markets and don't risk as much on a single trade as they spend on frivolous credit card purchases in a week!

Sorry, but you are the mug who spent £thousands on estate agents and legal fees to get laughed at by prospective buyers and is still forking over double digit interest to a credit card company (spending the ambitious house flipping profits before they are even agreed let alone banked) when I am fairly financially prudent and am trying to beat the risk free rate of return with spare funds while learning a skill which might offer me a different career some day.

Funny that those who caution about trading the markets have no understanding of either risk or financial prudence.

And we wonder why everyone and their dog have too much debt?

That is the thing - if you lose in the markets you are an idiot, and if you win you are "lucky". Nobody says people who lose money are "unlucky". Likewise nobody says those who win are "smart".

I'm quite sparing about talking about trading, but I'll "admit" it if it comes up.
 
When i used to say i was a market maker, i get asked if i had a stall and di i sell fruit and veg..........NO! then i'd say it's like stockbroking...Ooooh do you have one of those bright jackets and wave your arms around and shout?......NO! Are you rich? AAAAAAAAAAAhhhhhhhhhhhh!

Happens every time. Then in the dot.com boom they'd all tell you about mate who saw a great tip in "The Mirror" an made loads out of it......thanks.
 
Those intelligent enough to realise that if you trade your own account you are unlikely to work for a stockbroker, trade on the floor, or wear brightly coloured jackets are also astute enough to realise that you are not involved with selling goods from a street stall. However, their understanding of the market seems to be limited to "investing in stocks".

If you mention you trade futures or currencies, you are likely to be met with solicitations for advice on investing in equities, building a pension plan, or whether they should buy any NRK as it "can't go any lower".

What is the point of "admitting" to being a trader? I don't get it. I "admit" it from time to time, especially where it would be otherwise hard to explain the hours spent on the markets, however the understanding of the general public tends to be limited. I don't expect specialist knowledge, but it appears that Joe Public has greater comprehension of the working day of a solicitor, surgeon, accountant, politician, etc than they do a trader....

Strange yet interesting thread nonetheless.
 
People where I live, think I am a drug dealer:rolleyes: I should add I am not!!. Anyway, they don't see me or the wife going to out work, we have a nice house 2 cars, one flash one:eek:. A guy asked, what do I do, I told him , I invest money in to weak stocks then sell them when they're strong, to make it simple for him to understand. However, I do not trade stocks, I trade ES Futures buying and shorting, try explain that to someone who knows nothing how the market works. Some think we have won money lol
 
laptop1 said:
People where I live, think I am a drug dealer:rolleyes: I should add I am not!!. Anyway, they don't see me or the wife going to out work, we have a nice house 2 cars, one flash one:eek:. A guy asked, what do I do, I told him , I invest money in to weak stocks then sell them when they're strong, to make it simple for him to understand. However, I do not trade stocks, I trade ES Futures buying and shorting, try explain that to someone who knows nothing how the market works. Some think we have won money lol
Click to expand...

I know, what he is talking about :LOL: Add to that, being South American and talking spanish to your children :whistling
 
laptop1 said:
People where I live, think I am a drug dealer:rolleyes: I should add I am not!!. Anyway, they don't see me or the wife going to out work, we have a nice house 2 cars, one flash one:eek:. A guy asked, what do I do, I told him , I invest money in to weak stocks then sell them when they're strong, to make it simple for him to understand. However, I do not trade stocks, I trade ES Futures buying and shorting, try explain that to someone who knows nothing how the market works. Some think we have won money lol
Click to expand...


I really can't see what the problem is. Why can't you say " I'm a trader" and when they ask what? ( meaning local market? fruit and veg etc etc) say " financial markets"
 
Telling people isnt a problem but you guys are right when you get the "lucky" if you win and "gambling" if you lose speech. It does make for interesting conversations though. But I think the worst is when your secondary family thinks your greedy or a scrooge. "He must be wealthy becuase he stays at home all day trading."

They just dont understand taxes, diversification, draw downs, etc...
 
I always say I'm a trader, honestly never thought about saying or not saying that even once, but then I'm not really too bothered by what people think anyway.

But, why on earth should people have a problem with trading anyway ?!?

To be honest, I have never ever had a negative reaction from anyone when I tell em what I do, it's always big eyes and wonder and wow and stuff like that, and the conversation really never gets technical either.

Far as I'm concerned, if one has to work for a living, there is no more amazing, totally fantastic job than trading, nothing else comes even close, nothing else is even remotely so satisfying in all respects, nothing else is so totally honest, nothing else cuts to the chase like trading, nothing else gives you total freedom like trading, and, last but not least, absolutely no other occupation gives you the opportunity to make as much money as this industry.
 
BSD said:
I always say I'm a trader, honestly never thought about saying or not saying that even once, but then I'm not really too bothered by what people think anyway.

But, why on earth should people have a problem with trading anyway ?!?

To be honest, I have never ever had a negative reaction from anyone when I tell em what I do, it's always big eyes and wonder and wow and stuff like that, and the conversation really never gets technical either.

Far as I'm concerned, if one has to work for a living, there is no more amazing, totally fantastic job than trading, nothing else comes even close, nothing else is even remotely so satisfying in all respects, nothing else is so totally honest, nothing else cuts to the chase like trading, nothing else gives you total freedom like trading, and, last but not least, absolutely no other occupation gives you the opportunity to make as much money as this industry.
Click to expand...

There might be only one job which rivals trading ;) pimping :eek:
 
I hear running a drugs gang seemed to pay off well. £5m a week, apparently. Ring leader had a string of ferraris and "luxury 4x4s".
 
:
shadowninja said:
I hear running a drugs gang seemed to pay off well. £5m a week, apparently. Ring leader had a string of ferraris and "luxury 4x4s".
Click to expand...

Drug dealers have a better chance of dying than someone on death row. How cool is that? :D
 
I see people running in the cold to catch the train. I am going to be nervous about what I do when I talk to people who live pay slip to pay slip? You kidding me? I am the bloody star of the show. I give two fingers to the world. Screw jobs and two bloody holidays a year if you are lucky. I take my five year old to Africa for two months and trade while watching him swim. I am supposed to be ashamed of not being a wage-slave? WTF?!
 
A real Winner

FXSCALPER2 said:
I see people running in the cold to catch the train. I am going to be nervous about what I do when I talk to people who live pay slip to pay slip? You kidding me? I am the bloody star of the show. I give two fingers to the world. Screw jobs and two bloody holidays a year if you are lucky. I take my five year old to Africa for two months and trade while watching him swim. I am supposed to be ashamed of not being a wage-slave? WTF?!
Click to expand...



Thats about the worst post I ever read on T2W

well done, your the boy, a true winner:?:
 
DaxDestroyer said:
There might be only one job which rivals trading ;) pimping :eek:
Click to expand...
Haha.:cheesy:

When I wrote my post I thought about writing that running a model agency might come a close second, not income wise but as far as other fun things in life go, but then biit my cheek and stopped myself just in time didn't, but see you've been thinking along similar lines so might as well come clean now.
:p

re drug dealing, sometimes when I'm in the mood and things are stiflingly boring, you know, like the occasional unavoidable extended family get together at weddings or God knows what, where you're cooped up with some extremely distant cousins friends mothers dreadfully boring lover at dinner, and just to wind up people like this in whom you have just absolutely zero interest, where I just can't wait to get a move on and escape, I'll spice things up by telling em that I'm in drugs, lol, seriously the reaction is just as wide eyed as when I tell people the truth, that I trade.

Should try that sometimes when you're bored to tears by people you can't immediately escape from.

;-)
 
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