Lee Shepherd
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This maybe true with managers/directors working longer hours. I can only speak for myself here but I'm sure many other(successfull) traders work many hours past the standard 8 a day. For example I'll catch up and watch news channels and read papers at the weekend, maybe read a market related book to refresh or further educate myself. This is of course all unpaid until the contracts are sold off for a profit, or loss maybe. And then theres my standard 12 hour week days, this of course excludes travelling as theres none involved.
I think the issue there could be sacrifice or having/making the opportunity, if an employee was to get paid many hundreds of thousands per year then I'm sure they too would work the hours just like mangers/directors ect.
I suppose thats why so many people want to be traders, theres this concept flying around that people say it's difficult when it's not. I've rarely heard it's difficuly, quite the opposite. I dont quite get that as from most people /websites and traders alike all say it's relatively easy, you just have to study it like a college course then follow through with the constant monitoring that the markets require you to do to stay ahead of the rest.
Running a restaurant is relatively easy. Providing of course you know what your doing and have the startup capital.
Winning 'who wants to be a millionaire' is relatively easy providing you know all 15 questions.
I think the issue there could be sacrifice or having/making the opportunity, if an employee was to get paid many hundreds of thousands per year then I'm sure they too would work the hours just like mangers/directors ect.
I suppose thats why so many people want to be traders, theres this concept flying around that people say it's difficult when it's not. I've rarely heard it's difficuly, quite the opposite. I dont quite get that as from most people /websites and traders alike all say it's relatively easy, you just have to study it like a college course then follow through with the constant monitoring that the markets require you to do to stay ahead of the rest.
Running a restaurant is relatively easy. Providing of course you know what your doing and have the startup capital.
Winning 'who wants to be a millionaire' is relatively easy providing you know all 15 questions.
I agree that everyone won't become a millionaire, but the idea that people's wealth is derived from other's poverty is demonstrably false. It's precisely because of this that we now discuss wealth issues using terms such as "relative poverty" - the low wage earners today are clearly wealthier than their predecessors.
You may think that bosses and directors do the least, but in a meritocratic company, the senior managers and directors contribute a lot more value than an unskilled worker. Who works harder is less important than who adds more value: however my personal experience suggests that the directors are the hardest working of all people - most of the senior management in my company regularly work 16 hour days, give up time on weekends, and quite frankly work their guts out.