Are Trader Lonely people?? | Forex Factory

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Are Trader Lonely people??

  • #1
  • First Post: Jul 18, 2007 7:57am Jul 18, 2007 7:57am
Dear All

I heard from some one that Traders are lonely people with less or no social life.

They have very few freinds because there lifes are consumed by sitting in front of monitor look at trades.


Is there any truth to the above statement....
Thanks and Regards Zamir M Iqbal
  • #2
  • Jul 18, 2007 8:11am Jul 18, 2007 8:11am
My pips are my friends
  • #3
  • Jul 18, 2007 8:13am Jul 18, 2007 8:13am
Quoting Jarret
My pips are my friends
Who needs friends when I can visit FF and watch the whole world go by?
  • #4
  • Jul 18, 2007 8:14am Jul 18, 2007 8:14am
For me it was like that in the beginning 2.5 years ago. I supose it would have still be if I haven't changed my method. I only spend about an hour a day now trading the Dailies. Its much more relaxing and rewarding (for me).
  • #5
  • Jul 18, 2007 8:14am Jul 18, 2007 8:14am
lol
Trade what you see, not what you think.
  • #6
  • Jul 18, 2007 8:18am Jul 18, 2007 8:18am
I guess you need to use a less stressful method.
  • #7
  • Jul 18, 2007 8:23am Jul 18, 2007 8:23am
Not totally true, it all depends on the trading style of the trader. Trading 4H and Daily charts give me plenty of leisure time to enjoy my life and it help me to keep my clearer thinking for my next trades.
  • #8
  • Jul 18, 2007 8:24am Jul 18, 2007 8:24am
If you get lonely just go over to your newest Hotel in Dubai and hit golf balls into the ocean.
  • #9
  • Jul 18, 2007 8:37am Jul 18, 2007 8:37am
Quoting kihl
Not totally true, it all depends on the trading style of the trader. Trading 4H and Daily charts give me plenty of leisure time to enjoy my life and it help me to keep my clearer thinking for my next trades.
I tottaly agree.

Quoting acapulco
If you get lonely just go over to your newest Hotel in Dubai and hit golf balls into the ocean.
Funny.


Common.. i would be glad to take my old friends to a paid vacation or riding my lamborghini if i had one. No time for friends? How much money are you doing?

No much money = No time to spend
  • #10
  • Jul 18, 2007 8:39am Jul 18, 2007 8:39am
i got more time then i know what to do with

but you always got

Threads: 18,871, Posts: 292,508, Members: 27,450 friends
  • #11
  • Jul 18, 2007 8:52am Jul 18, 2007 8:52am
now that i think of it, i am lonely.......

6 month goes by just like a blink of the eye....... the time frame of my life has shifted

when i look at the mirror, i wonder who is that .... for 3 second before recall that it was me all alone......
  • #12
  • Jul 18, 2007 8:55am Jul 18, 2007 8:55am
I wish I could hang around and answer your question about being lonely at greater length, but I have a wedding, a funeral and a black tie gala I have to go to.

I'll check back in with you when I get back from the three day convention I am going to next week. See ya.



.
  • #13
  • Jul 18, 2007 8:57am Jul 18, 2007 8:57am
Quoting zamiriqbal
Dear All

I heard from some one that Traders are lonely people with less or no social life.

They have very few freinds because there lifes are consumed by sitting in front of monitor look at trades.


Is there any truth to the above statement....
Take a trip to Chicago and watch the lifestyle of a trader in the S&P500 futures pit. It will blow you away. They have unreal lives - expensive wives, a couple girlfriends, lots of vacation homes, cars that cost multiples of my salary, an expensive drinking/drug habit, you name it they can get it. They're certainly never short of friends - when you make seven or eight figures in a year you don't need to look for people to hang out with, people have a knack for finding you!

But this is like looking at the lifestyle of a professional sports player who is a superstar (Shaq or Alex Rodriguez for instance). It is not the typical, average lifestyle of those who are in the sports industry (assistant coaches, medical personnel, trainers, etc).

So I'd say that looking at the lives of "normal" traders would reveal something in the same manner. There are superstar traders who make unfathomable amounts of money but a vast majority losing money or just eeking out a profit. As for being lonely, if you sit in front of a monitor all the time I doubt you'll have much of a social life. But this isn't just a consequence of trading mind you, I know people who play online games so much they start to lose touch - it becomes all consuming. Other people, traders included, know how to strike a balance.

-=DAVE=-
  • #14
  • Jul 18, 2007 9:15am Jul 18, 2007 9:15am
I would say no (to whether independent traders are lonely), they just tend to be self directed, which makes it hard to get along with the majority of people, who tend to more "group-think" perceptions. I know I tend to get along much better with people whose lives are also self directed (artists & musicians, indpendent business people, research scientists, ancient hippies, fishermen, and even the odd stripper) than, say, your average bureaucrat or white collar worker....
My mum used to say that the only lonely people were those who didn't like their own company; think that's quite apropos.
  • #15
  • Jul 18, 2007 9:19am Jul 18, 2007 9:19am
FISHERMEN? LOL

Quoting HalifaxCB
I would say no (to whether independent traders are lonely), they just tend to be self directed, which makes it hard to get along with the majority of people, who tend to more "group-think" perceptions. I know I tend to get along much better with people whose lives are also self directed (artists & musicians, indpendent business people, research scientists, ancient hippies, fishermen, and even the odd stripper) than, say, your average bureaucrat or white collar worker....
My mum used to say that the only lonely people were those who didn't like their own company; think that's quite apropos.
  • #16
  • Jul 18, 2007 9:21am Jul 18, 2007 9:21am
markets do close every now and again
  • #17
  • Jul 18, 2007 9:26am Jul 18, 2007 9:26am
Untrue. The only issue I have is that my g/f hates, absolutely hates, the way I'm tethered to my blackberry which has my mobile trading platform. I will admit that I do tend to have friends who are in finance, and over the 2.5 yrs I've been trading I've been hanging out at more trader populated events. Also the poster who mentioned superstar traders versus normal traders was spot on. There are wealthy traders and then there are guys who live comfy middle class/upper middle class lives. Either way trading's great.
Patience + Humility + Study = Success
  • #18
  • Jul 18, 2007 9:43am Jul 18, 2007 9:43am
Quoting acapulco
FISHERMEN? LOL
Yes, actully. It's one of the pleasures I've had having spent the last 20 years on the Atlantic coast.
I think one of the worst aspects of most urban (or modern upscale) living is that it tends to confine people within rather small social frameworks, which means one loses a sense of perspective of what risk really is, what's important, and what's not. Once you step outside the framework that (in a sense) is assigned to you by your job or your lifestyle, it opens your eyes to other values and other ways of doing things; it broadens your understanding of what motivates people. If you want to do more with your life than spend it staring at a screen scalping pips, it's a useful activity....
  • #19
  • Jul 18, 2007 11:08am Jul 18, 2007 11:08am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
You just have to balance your life. I trade just London session for example and nothing else...if I miss a trade in New York thats ok...there is a lot of oportunities to come.
I think 5-6 hours is more than enought......
  • #20
  • Jul 18, 2007 11:20am Jul 18, 2007 11:20am
Good Avice.. I do that all time. Especially when i am pissed off. I take out all my anger at golf balls....

Quoting acapulco
If you get lonely just go over to your newest Hotel in Dubai and hit golf balls into the ocean.
Thanks and Regards Zamir M Iqbal
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