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Is trading not considered a job?

  • #61
  • Mar 16, 2015 9:56pm Mar 16, 2015 9:56pm
.....
if we trade stock, then actually we 'own' the company in a way when we hold the stock.
so you can proudly say that you own 0.0001% of google ....maybe.
  • #62
  • Mar 16, 2015 9:59pm Mar 16, 2015 9:59pm
Quoting EnoFX
{quote} I'm sorry but that's a lot of BS. There are more than a few people here who bang out 20-30 pips a day daytrading including myself. Just because you can't do something don't assume others can't.
maybe it works for you, but my experience is that short term traders will fail on the long run but you maye it fiend bullshit im just telling what works for me
  • #63
  • Mar 16, 2015 10:07pm Mar 16, 2015 10:07pm
Everyone has different amounts of ability and maybe even luck, but I really hope that the person with a $1000 account in this blog who wrote about it, PLEASE be realistic! This amount of money will not get you where you want to go. Not even close. I'm sorry to say, you will lose it then feel guilty and ashamed you tried to make it work. You need more than that to start trading, plain and simple. I wish it were not so, but it is what it is. You are undercapitalized. Please save your money and don't start real money trading until you have at least $5000, preferably $10000.
  • #64
  • Mar 16, 2015 10:15pm Mar 16, 2015 10:15pm
Quoting mbefus
Everyone has different amounts of ability and maybe even luck, but I really hope that the person with a $1000 account in this blog who wrote about it, PLEASE be realistic! This amount of money will not get you where you want to go. Not even close. I'm sorry to say, you will lose it then feel guilty and ashamed you tried to make it work. You need more than that to start trading, plain and simple. I wish it were not so, but it is what it is. You are undercapitalized. Please save your money and don't start real money trading until you have at least...
This is not true you can easely trade micro lots with 1000 dollar but you need to have a realistic target if you will not triple it one month if you have a proven strategy it can grow over time. lets saye between 5 and 10% a month its not much but over time it will grow. but this is for starters or traders that just start out, if you have experience i suggest start bigger also because you diversify better
  • #65
  • Mar 16, 2015 11:03pm Mar 16, 2015 11:03pm
if i have $10.000, and put $100 on trading deposit, and i win $100, how much do i win? 100% or just 1%?
  • #66
  • Mar 16, 2015 11:13pm Mar 16, 2015 11:13pm
Quoting emanco
{quote} Well, she asked what I do for a living and I told her I work on the computer and do occasional trading. I guess it's better to not say anything. I'll say next time that I'm a pusher, that might be less awkward! {quote} Let's say she wants to be more than just friends. We tease each other often.
The point is, the reaction of people knowing you (or whoever) are a trader depend on many factors, not just on the trading one.

Suppose you come in the shop driving a ferrari, with a 20k$ rolex on your wrist, and buy whatever you need to buy from the shop not even looking at the pricetags on each item you are buying.

Then, the girl who work there ask what's your job, you say you are a trader, her reaction would be a smile and a "wow", with an admiration face etc.

Different is if you get to the shop with an old car, dressed like an average guy, buy your shit paying attention to not spend too much money, and when the girl ask what's your occupation you answer "trader", of course she would say something like "why don't you get a real job?".

Now, why usually people tend to have the second reaction? Probably because there are not many rich traders out there.

So looking the big picture, trading is not considered a job because it is not a real job and don't bring a real income comparable to the one from real jobs.
Said this, there are still a few traders that kick asses and evoke smiles and "wow" reactions, but the majority of traders remain just losers.
  • #67
  • Mar 17, 2015 5:04am Mar 17, 2015 5:04am
Quoting tunera
{quote} The point is, the reaction of people knowing you (or whoever) are a trader depend on many factors, not just on the trading one. Suppose you come in the shop driving a ferrari, with a 20k$ rolex on your wrist, and buy whatever you need to buy from the shop not even looking at the pricetags on each item you are buying. Then, the girl who work there ask what's your job, you say you are a trader, her reaction would be a smile and a "wow", with an admiration face etc. Different is if you get to the shop with an old car, dressed like an average...
This is thinking by stereotypes. I'm down to earth. Even if I'd be millionaire I'd never buy expensive useless stuff. A friend of mine is owner of five star hotels and has a very old car. According to your theory everybody with tons of money should showcase his status openly with pricey appearance. Those are sons of rich guys who never needed to work a day in their lives. I broke my back for years and know the value of money.

The point is bashing someone for trying trading is like laughing at a fat guy trying to become fit at the gym. I was the fat guy and proved everybody wrong. I'm also proving everybody wrong about trading.
  • #68
  • Mar 17, 2015 5:24am Mar 17, 2015 5:24am
Quoting emanco
{quote} This is thinking by stereotypes. I'm down to earth. Even if I'd be millionaire I'd never buy expensive useless stuff. A friend of mine is owner of five star hotels and has a very old car. According to your theory everybody with tons of money should showcase his status openly with pricey appearance. Those are sons of rich guys who never needed to work a day in their lives. I broke my back for years and know the value of money. The point is bashing someone for trying trading is like laughing at a fat guy trying to become fit at the gym. I...
I think there was some misunderstanding, anyway nice to see you're doing good, and good luck for the future too!

peace
  • #69
  • Mar 17, 2015 6:19am Mar 17, 2015 6:19am
Quoting emanco
A few days ago a girl bashed me for the time I'm wasting on trading. She said it's not a real job and I'm just a dreamer. She's a salesgirl in a mall and claims to be more important than me since I do my main job also sitting in front of a computer. I should get a real job and work my ass like she does. I didn't tell her how much I earn though. I kept being calm and grinned because she's quite the opposite of me. I'm fit and workout and usually very calm. She's chubby and always angry. But it made me think how average people sees trading nowadays....
Hey there buddy
Nice topic.
Well when i started trading everyone i knew told me thats not a job and it cant be done.
But i picked myself up and kept going at it.
They use to tell me that all the time none stop, they use to approach my parents and tell my parents to stop me coz im going to ruin my life.
I use to go for a function and families will just give their comments about how ridiculous is forex and they dont know anyone that was successful.

Now that when you crack this forex those same people come to me slowly in private and ask me how do i do it.
What do i do? What do i look at ?
They tell me that they downloaded the platform, went for seminars, bought the magical system and i must just guide them from there lol.
I tell them go to babypips and when they done with babypips then go to forex factory. Thats my answer to all of them.
X-man the legendary conqueror of markets
  • #70
  • Mar 17, 2015 6:34am Mar 17, 2015 6:34am
Quoting tunera
{quote} I think there was some misunderstanding, anyway nice to see you're doing good, and good luck for the future too! peace
Indeed, no worries. You're welcome.
  • #71
  • Mar 17, 2015 2:17pm Mar 17, 2015 2:17pm
Quoting grin
{quote} You must be a pro-monopolist and anti-entrepreneur. Many big ventures started in garages. Little innovation over years is coming from doctors, lawyers, bathroom tissue manufactures, mom & pop stores, you name it...
Try harder, I wonder how you came to those strange conclusions, innovation and development is hugely important, it's how the human world develops. You obviously know squat about medicine, I'm not a doctor but I know that if you were one, you'd have several conferences a year to learn and discuss new medical research and methods. Now those other fields you mentioned, they produce a product or service that is readily tangible. Not like a small time trader 'making the market more efficient'. The whole point I'm making is that, unless a trader hits millions upon millions in their account and maybe hires people or spends a lot of money in their local economy (which isn't really profit from value creation, as fx is zero sum so profits are a redistribution of other peoples' money), their positive effect on society is too miniscule to imagine. Those bathroom tissue makers you mentioned, they make a product that people use everyday, they are valuable. Someone wants to make tissues in their garage? Go ahead! Best of luck and I hope they would create a new method of producing superior tissues, until that point, it's a side project and they have a day job.

I say sub $1m+ account trading is not a 'real' job because you don't produce any product or service that is readily tangible, and it doesn't have the normal markers of a real job that are the backbone of, so to say, 9-5 economy. Now, it's a job 'of sorts', because it's a legal way to collect money and derive an income, that's about it.

Emanco, good on you for being in the tiny minority that can trade for a living. You shouldn't concern yourself with what a saleslady thinks of your craft, who cares, do you have a soft ego and care about her opinion? Stuff her, keep making money! Paying the bills is all the proof you need for yourself and anyone else.
  • #72
  • Mar 17, 2015 2:43pm Mar 17, 2015 2:43pm
it has bad reputation because a lot of traders lose their money and become losers.. like casino
  • #73
  • Edited 10:06pm Mar 17, 2015 4:33pm | Edited 10:06pm
Quoting jeanlouie
{quote} Try harder, I wonder how you came to those strange conclusions, innovation and development is hugely important, it's how the human world develops. You obviously know squat about medicine, I'm not a doctor but I know that if you were one, you'd have several conferences a year to learn and discuss new medical research and methods. Now those other fields you mentioned, they produce a product or service that is readily tangible. Not like a small time trader 'making the market more efficient'. The whole point I'm making is that, unless a trader...
Some things like the tissue manufacturing are not viable unless done on large scale. Leverage permits a small guy to operate on the scale where the activity is becomes financially feasible.

Traders offer something someone else demands at a price point. In markets, participants compete on price point to satisfy demand . It does not matter whether the suppliers are big or small.

The method of getting an offering is entirely different subject. Some offerings are commodities. The tissue falls into this category. Many can supply it, thus price point matters. Price is the edge. Innovation or quality satisfy the very same demand, but capitalize on on a different edge over other suppliers of the similar offerings or by creating totally new marketplace where no competitor exists. The innovators are motivated by by figuring out a method to acquire an edge over others.

Traders get to the market offering a commodity someone demands, but hoping they do it at advantageous to them price point. How they arrive at this conclusion defines traders' edge. Keep in mind that not everyone participates in manufacturing. Traders work off distribution chain.
  • #74
  • Mar 18, 2015 8:19am Mar 18, 2015 8:19am
Quoting mbefus
Everyone has different amounts of ability and maybe even luck, but I really hope that the person with a $1000 account in this blog who wrote about it, PLEASE be realistic! This amount of money will not get you where you want to go. Not even close. I'm sorry to say, you will lose it then feel guilty and ashamed you tried to make it work. You need more than that to start trading, plain and simple. I wish it were not so, but it is what it is. You are undercapitalized. Please save your money and don't start real money trading until you have at least...
Must say you are wright.
I think under 10.000 eur there is nothing to be gained, yes 10 of 1mio did it....all the others just lost.
"My friends" or better word today wold be "my acquaintance" think I lost my mind when quiting my job 3,5 years ago and doing only trading ever since. But before doing that, I did make myself enough money under a pillow to live at least 10 years without no working at all.
My account has 30K eur, I do 2K+ on a month, I am a small small trader, but I have learned by hard way that you do loose money if you do not have enough account capital. I am trading since 2009, For me it is the job, I do not care what others say about forex, I know I have find "me, myself and I" in it.
Per aspera ad astra
  • #75
  • Mar 25, 2015 10:20am Mar 25, 2015 10:20am
It's too early to occupy yourself with this question.




​The only time when you need to is when you are rich enough to have the lavish lifestyle that you dream of.

Yeah yeah you may say that I won't spend my money like those people.

However, until you have that buying power, you will never know how would you use it. This is the only moment when you should be spending some time on this kind of question. Other than that, just keep focusing on trading, or in this case, forex.
Life only tastes good when you eat what you kill.
  • #76
  • Last Post: Apr 1, 2015 2:32am Apr 1, 2015 2:32am
I personally think that being a trader can be a very serious job and time consuming, however i would like to have your opinion on when do you really consider it a job? I am working and trade on my free time but when should i say i can focus only in trading? my next step i think is to set targets that meet me needs and see if i can do it.
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