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Why are traders such jerks?


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Why are traders such jerks?

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  #1 (permalink)
 CarneyRules 
Hayward, CA USA
 
Experience: Beginner
Platform: ninjatrader
Trading: ZB
 
Posts: 13 since Jan 2017
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So this is a little bit of a rant...but when I first got into trading all these trading teachers sold me this stuff. You can make x number of dollars from a beach, etc. It was bull crap. I lost a ton of money. I've been really honest about losing money on this forum.

I started to meet pro traders...and certain software vendors. I've had to deal with people screaming, people just being unprofessional.

I started collaborating with a software vendor who comes off as a really nice guy on these forums. My grandmother dies and he wants to have a status meeting THAT NIGHT and for me to put together an agenda right after I got back from the hospital. I explained the situation and then he tells me his pissed off I don't have time to meet.

It just seems like trading attracts people who are really sociopaths.

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  #2 (permalink)
 rleplae 
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Sorry to hear you had so many bad experiences

Trading should be a business, like in any business you have idiots and sharks
you have people who are not worth the trust, nor the business

In trading there is not short cut, trading is difficult and it takes a lot of energy
and dedication, the learning curve is steep. Because there is a lot of money
circulating in trading, it attracts a high number of gold diggers (people looking
for a quick win) and so-called prophets (software vendors, trading rooms, all
kinds), when staying feet on the ground, one will see trees in the woods...

Nothing new...

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  #3 (permalink)
 ScalperBAX 
Westmount Canada
 
Experience: Advanced
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It's not that trading attracts sociopaths. It's that the ability to be detached emotionally from the ups and downs of trading helps with trading success.

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  #4 (permalink)
 mattz   is a Vendor
 
 
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I am sorry for your recent loss.

The people you mentioned are not traders. They sound like hustlers, and there is a big difference.
The real pros I come across are nice, fair and a pleasure to deal with.
Try to find a different group of people to associate with.

Matt Z
Optimus Futures

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  #5 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
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Perhaps this is your signal to quit depending on someone else for your success or failure.

Develop a system that is 'custom' built for you.
There are many tools here to help accomplish that.
If you don't have all the answers, maybe you need to ask more questions in the forum.

If there are any 'jerks' on this forum, Big Mike as a way to convince them to reform...

Because you are an elite member, I'm sure you have access to everything you need to be successful.

If in doubt, start a thread and share your system with everyone and I'm sure you will get many opinions about how to fix it or if it will never work etc.

Brett Steenbarger has this quote on his blog this week:
"The stiffest tree is most easily cracked,
while bamboo or willow survives by bending with the wind." (Bruce Lee).

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
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  #6 (permalink)
 paps 
SF Bay Area + CA/US
 
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Trading: NQ CL, ES when volatile mrkts
 
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sry on yr loss. however if you really see///what u said is not just for trading, its life.

This what u said is electronic stock trading. if you see the actual traders who deal with steel/ores/etc....lol...they r a rough bunch as they dealing in the physical commodity. in stock / futures trading u have seen nothing. hence saying this is life.

whoever told trade from a Beach.... is giving gullible s a pipe dream. a true trader will never say that. in fact even a true vendor will also never say that. again think about it...if money could buy money...it would be easy.

anyways...as mentioned....like in life...so as in trading there is a good and a bad. Also if someone is a real trader they many times do not become a vendor.. as it takes too much time. The vending business is just not worth it for a trader rakin in. if u see what i mean.

i think you have already received ur answers from all of the comments above. have read all of them...& they are spot on.

the game is hard. think about it...money exists in someone's pocket...and one wants to put it in his. so in the literal sense you have to reach out with yr fingers into someone else's pocket and put it in ur's. Is this an easy job. Mentioning this as this is the reality of trading. Infact it is the reality in any high performance job/field or business. Trading being one such example. What makes a difference in trading is Skill...experience...and psyco. Pysco is a big neglected part in most of the traders who fail..... and maybe a game changing outlier thingie to peeps who have a psco edge with risk mgt.

i wish you only the best and good luck.

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  #7 (permalink)
 Grantx 
Legendary no drama Llama
Reading UK
 
Experience: None
 
Posts: 1,787 since Oct 2016
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You are needy. You are making excuses. You are blaming others.
I started in exactly the same place. Everyone starts there.

This game is hard. People are doing it to make money. Not to help others make money.
Neediness, excuses and blaming are 3 things you have to personally address before you can move closer to becoming a successful trader. Its the first hurdle of your journey.

If you take this as constructive criticism then you will have taken your first step in the right direction.

Good luck!

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  #8 (permalink)
 CarneyRules 
Hayward, CA USA
 
Experience: Beginner
Platform: ninjatrader
Trading: ZB
 
Posts: 13 since Jan 2017
Thanks: 2 given, 8 received

How do you know I'm needy?

I know people who actually pump stocks. They get twitter feeds and pump stocks into their subs.

I didn't understand that when I started. I learned over the course of a couple of years that most of these people were full of crap.

That makes me needy...how?

I didn't say I didn't hold myself accountable for falling prey to these educators...

I do. But I'm not going to own someone's else bad behavior or expect people not to behave like human beings.

When Big Mike took a break for trading for personal reasons people sent him well messages and behaved like people.

Does that make him needy?

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  #9 (permalink)
 easyxpress 
San Francisco, CA, USA
 
Experience: Beginner
Platform: Sierra Chart
Trading: ES
 
Posts: 2 since Jul 2013
Thanks: 1 given, 1 received

There are jerks in all walks of life, no necessary limited to the traders. However, I do agree there are a lot of snake oils in this trading business. Whoever selling those are the worst kind of jerks.

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  #10 (permalink)
 Grantx 
Legendary no drama Llama
Reading UK
 
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Posts: 1,787 since Oct 2016
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CarneyRules View Post
How do you know I'm needy?

I know people who actually pump stocks. They get twitter feeds and pump stocks into their subs.

I didn't understand that when I started. I learned over the course of a couple of years that most of these people were full of crap.

That makes me needy...how?

I didn't say I didn't hold myself accountable for falling prey to these educators...

I do. But I'm not going to own someone's else bad behavior or expect people not to behave like human beings.

When Big Mike took a break for trading for personal reasons people sent him well messages and behaved like people.

Does that make him needy?

You are needy because you seek validation from other people. If 'others' dont conform to your ideals then you get upset.
Your words:
Other people are jerks. Other people don’t behave nicely. Other people are sociopaths

What do other people have to do with your success as a trader?

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  #11 (permalink)
 uspilotzzz 
Denver, CO United States
 
Experience: Intermediate
Platform: Multicharts
Trading: ES
 
Posts: 78 since May 2015
Thanks: 3 given, 25 received

I don't think its fair to lable people because he spent time looking to learn only to be sold snake oil. We all come to this knowing very little and search to educate ourselves. Unfortunately the vast majority of information out there is garbage but we don't know that when we get started. It's also not easy enough to say "you're a member here you have the info you need to be successful."

It sounds to me like you need to take a step back. Take a break and when you come back, come with the real understanding that there is no holy grail. Trading is difficult, it requires discretion, and it's not totally mechanical. Find a group of educators selling an education not a product. Dedicate yourself to learning your market, record your screen so you can watch important areas again. Record your trades to hold yourself accountable. Do not trade until you can be consistently profitable on paper, and keep it simple.

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