Money buys freedom? - Off-Topic | futures io social trading
futures io futures trading


Money buys freedom?
Updated: Views / Replies:3,118 / 36
Created: by Big Mike Attachments:4

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 4  
 
Thread Tools Search this Thread
 

Money buys freedom?

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,884 since Jun 2009
Thanks: 29,109 given, 81,697 received

Money buys freedom?

I saw a signature from a user today. It read:

"Money buys freedom."

I don't mean to single out that user, but suffice it to say the signature grabbed my attention.

Obviously there are varying levels of money, and varying levels of freedom. Someone who is very poor could benefit from having some extra money, and it would give them freedom to do things they could not do otherwise.

But if we look at just the average middle class family that is say in the 40's or 50's perhaps, someone who has a least a small amount of money in savings, not a huge amount of debt perhaps, and might classify themselves as simply "comfortable" --- I really disagree with "money buys freedom".

Perhaps I am interchanging the word freedom with happiness.

Thoughts?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #2 (permalink)
 Vendor: www.iqfeed.net 
Omaha NE
 
Futures Experience: Intermediate
Platform: IQFeed compatible
Favorite Futures: ES
 
Robert Carrillo's Avatar
 
Posts: 271 since Jun 2012
Thanks: 234 given, 374 received

Freedom, to me, means being able to do what you want, when and where you want to do it. Unless one is in prison or otherwise incapacitated, we are all free do to just that, within our means. And we all have the freedom to change our means: lower our debt and increase our disposable income. More disposable income means more options and that is all.

Reply With Quote
 
  #3 (permalink)
Elite Member
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,254 since Jul 2012
Thanks: 1,057 given, 4,094 received



Big Mike View Post

"Money buys freedom."


Thoughts?

In the case of the US justice system, many times that is definitely true.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 2 users say Thank You to kevinkdog for this post:
 
  #4 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,884 since Jun 2009
Thanks: 29,109 given, 81,697 received


kevinkdog View Post
In the case of the US justice system, many times that is definitely true.

Yes, but assuming you don't get arrested...

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #5 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 4,997 received

Money buys necessities. Beyond that it buys things, experiences. Psychology brings freedom.

In Africa, I sat in the dung and stick hut of a Masai chief, so dark the video camera could catch nothing but the conversation, and the smell of goat urine was so strong my eyes nearly watered. His shoes were sandals made out of a tire he found on the side of the road. That was his life. He smiled the whole time, treated us to one of his goats; suffocated, then bled, then cooked over a fire they started with sticks. He was free. My next stop was Amsterdam for a week, and then back to the US to make more money. I was not.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by GaryD; July 6th, 2013 at 10:06 PM.
Reply With Quote
The following 7 users say Thank You to GaryD for this post:
 
  #6 (permalink)
Banned: User asked to be banned
Calgary, Canada
 
Futures Experience: Intermediate
Platform: Multiple
Broker/Data: Multiple
Favorite Futures: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009
Thanks: 103 given, 1,207 received


GaryD View Post
Money buys necessities. Beyond that it buys things, experiences. Psychology brings freedom.

In Africa, I sat in the dung and stick hut of a Masai chief, so dark the video camera could catch nothing but the conversation, and the smell of goat urine was so strong my eyes nearly watered. His shoes were sandals made out of a tire he found on the side of the road. That was his life. He smiled the whole time, treated us to one of his goats; suffocated, then bled, then cooked over a fire they started with sticks. He was free. My next stop was Amsterdam for a week, and then back to the US to make more money. I was not.

.....

And yet, you must push. Because men like you have the drive and the opportunity (something he will never have) to earn and create a better life for people around you. Including, possibly, that man in Africa. It is the alpha in us that drives us, some are driven by lust for more....others by more profound reasons.

Be THAT alpha.

I just remembered this post and this thread........from nearly 2years ago.

"........I have thick skin, I can take abuse, failure, doubt, criticism. I do not need to retaliate, I just push harder, harder than the other guy. Look at yourself as a creator, a provider, a protector. Screw the new age, egalitarian BS. Be an alpha......."

https://futures.io/psychology-money-management/16458-2011-lessons-learned-2012-goals-set.html#post179630

Reply With Quote
The following 5 users say Thank You to Deucalion for this post:
 
  #7 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 4,997 received


Deucalion View Post
And yet, you must push. Because men like you have the drive and the opportunity (something he will never have) to earn and create a better life for people around you. Including, possibly, that man in Africa. It is the alpha in us that drives us, some are driven by lust for more....others by more profound reasons.

Be THAT alpha.

I just remembered this post and this thread........from nearly 2years ago.

"........I have thick skin, I can take abuse, failure, doubt, criticism. I do not need to retaliate, I just push harder, harder than the other guy. Look at yourself as a creator, a provider, a protector. Screw the new age, egalitarian BS. Be an alpha......."

https://futures.io/psychology-money-management/16458-2011-lessons-learned-2012-goals-set.html#post179630


I never said I was free... LOL!!!

Yes, but there is a difference. Today I trade more because of the experience, and less for the money. I spend days sometimes in thoughts that were trading generated, but bring me into a place of self-understanding that I might not have seen otherwise.

I started studying flamenco guitar recently. I am well trained in music, but not in that style, and what I know offers very little advantage in an entirely different approach. I watched a few videos today on YouTube of guys who just owned it. And I would bet none of them made a lot of money doing it. That was not their incentive. They were just passionate about it, and from that they became incredible.

Reply With Quote
The following 2 users say Thank You to GaryD for this post:
 
  #8 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 582 since May 2013
Thanks: 92 given, 620 received

If you’ve ever thought, “I would like to do that but I can’t afford it”, then money might buy Freedom.

Money cannot buy happiness.
However you can rent such a reasonable facsimile that you probably won’t be able to tell the difference.

Reply With Quote
The following 2 users say Thank You to deaddog for this post:
 
  #9 (permalink)
Banned: User asked to be banned
Calgary, Canada
 
Futures Experience: Intermediate
Platform: Multiple
Broker/Data: Multiple
Favorite Futures: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009
Thanks: 103 given, 1,207 received


GaryD View Post
I never said I was free... LOL!!!

Yes, but there is a difference. Today I trade more because of the experience, and less for the money. I spend days sometimes in thoughts that were trading generated, but bring me into a place of self-understanding that I might not have seen otherwise.

I started studying flamenco guitar recently. I am well trained in music, but not in that style, and what I know offers very little advantage in an entirely different approach. I watched a few videos today on YouTube of guys who just owned it. And I would bet none of them made a lot of money doing it. That was not their incentive. They were just passionate about it, and from that they became incredible.

I get that. What I am suggesting is that getting to trade in this day and age, the way we do, is an opportunity in itself, given to us.

What we do with that opportunity is that we make money to provide a better life for people around us, our families, our friends , our charities etc etc. Opportunity begets opportunity. People equate money as a root of something negative, it doesn't have to be. It allows choice. Money buys a lot of things...including the ability to do good.

Not everyone gets that opportunity.

You can tell I come from the unapologetic Ayn Rand camp

Reply With Quote
The following 2 users say Thank You to Deucalion for this post:
 
  #10 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 4,997 received



Deucalion View Post
What we do with that opportunity is that we make money to provide a better life for people around us, our families, our friends , our charities etc etc. Opportunity begets opportunity. People equate money as a root of something negative, it doesn't have to be. It allows choice. Money buys a lot of things...including the ability to do good.

Not everyone gets that opportunity.

Agreed.

Reply With Quote

Reply



futures io > > > Money buys freedom?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

May
 

EasyLanguage ABC's: Mastering TradeStation Programming w/Chris Kaiser

Elite only
 

Prototyping Python Strategies (part 2: Backtesting) w/Ran Aroussi [special time: 1PM ET]

Elite only
 

Portfolio Diversification w/Brendon Delate @ Diversify Portfolio

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
China Buys Inroads in the Caribbean, Worrying US Quick Summary News and Current Events 0 April 8th, 2012 01:20 AM
Good freedom, bad freedom: Irony of cybersecurity kbit News and Current Events 0 April 5th, 2012 09:10 AM
China buys gold, challenges US dollar kbit News and Current Events 0 September 14th, 2011 07:48 PM
E*Trade baby buys CDS... gain247 Jokes 0 April 15th, 2011 05:36 PM
Buys and Sells not matching in number richw NinjaTrader Programming 8 February 22nd, 2011 06:15 PM


All times are GMT -4. The time now is 09:25 PM.

Copyright © 2017 by futures io, s.a. Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-05-22 in 0.13 seconds with 21 queries on phoenix via your IP 54.196.91.84