NexusFi: Find Your Edge


Home Menu

 





Support from wife/kids/loved ones in your trading


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Big Mike with 29 posts (90 thanks)
    2. looks_two vmodus with 12 posts (43 thanks)
    3. looks_3 sysot1t with 10 posts (8 thanks)
    4. looks_4 cami02 with 7 posts (5 thanks)
      Best Posters
    1. looks_one George with 11.5 thanks per post
    2. looks_two AllSeeker with 4.8 thanks per post
    3. looks_3 vmodus with 3.6 thanks per post
    4. looks_4 Big Mike with 3.1 thanks per post
    1. trending_up 86,399 views
    2. thumb_up 714 thanks given
    3. group 215 followers
    1. forum 273 posts
    2. attach_file 3 attachments




 
Search this Thread

Support from wife/kids/loved ones in your trading

  #181 (permalink)
Tommip
Rybnik Polska
 
Posts: 114 since Aug 2015
Thanks Given: 18
Thanks Received: 51


SMCJB View Post
Very surprised that after 46 votes 30% fall into the 3-5 year, more than 5 years or never categories!
Would like to ask why?

I can answer for myself - just becouse I dont have any family :-D.So answer is in question itself.Asking - when you was on holiday will change answer dramatically

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
REcommedations for programming help
Sierra Chart
MC PL editor upgrade
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
34 thanks
Tao te Trade: way of the WLD
24 thanks
My NQ Trading Journal
14 thanks
Vinny E-Mini & Algobox Review TRADE ROOM
13 thanks
GFIs1 1 DAX trade per day journal
11 thanks
  #182 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
Thanks Given: 2,958
Thanks Received: 2,853

The vacation poll is interesting. We strive to take two months off every summer (still trading, but in a different country), with only a little bit of trading and other work activity happening. We usually visit family at some point in the year, though that is not always vacation.

Mom is a (mostly) full-time trader and I allocate about 50% of my work time to it. So trading is a family 'culture' thing for us. It's what we do. The kids don't quite get it yet (6.5 and 8.5 years of age), though the oldest is showing an interest and they are generally respectful of our trading space. They will both learn how to trade soon enough.

Our trading goes with us when we travel, though we don't trade all the time. You don't need to trade all the time to be profitable. Vacation and time away is good for the mind, body and spirit, and is good for trading. Being self-employed for nearly 15 years now, I could (and used to) lament not making money while you are on vacation or you can understand the importance of not working for while. Otherwise you get caught in the trap of "Oh my god, this vacation cost me $10k in lost profits!" And thinking like that makes you want to crawl in a little hole and whimper.

Bottom line for us: work and life balance is very important.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #183 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,440 since Jun 2009
Thanks Given: 33,212
Thanks Received: 101,599


New poll:

Does your family support your trading?

Total votes: 1140
 


Please vote and discuss.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #184 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593


bob7123 View Post
This poll hit home for me, but in ways that one might not expect.

For background, I am in my early 50’s, have a wife & no kids. My mom is still around and I have one sister.

My wife is great and supports my trading, but I have a strained relationship with my sister. Why? Money, or more precisely a perverse love of money, which as they say is the root of all evil. Certainly true in my case. My sister and her husband have done everything they can to strip my mom of her assets. I’ve been the one defending mom, and yes there are lawyers involved.

-Bob

sorry to hear of this
stay strong

..........
peace, love and joy to you
.........
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #185 (permalink)
 
ollie's Avatar
 ollie 
St. Petersburg, Fl
 
Experience: Intermediate
Platform: NinjaTrader
Broker: CQG
Trading: ES,NQ, YM, CL,6E
Posts: 201 since Apr 2010
Thanks Given: 26
Thanks Received: 233

My family does not understand how hard, difficult, or stressful trading can be.

I'm not sure what they think, I am told if I want to make money, go get a real job.

I thought if I tried to show them what I do and how I do it it would help, it doesn't interest them at all, so I don't talk about it at all. It hasn't gotten to the point of leaving the house to trade, it just isn't talked about at home.

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #186 (permalink)
 zimzam 
Los Gatos, CA
 
Experience: Intermediate
Platform: Ninja
Broker: Optimus/Rithmic, Kinetick
Trading: CL, NQ, GC, 6E
Posts: 17 since Apr 2010
Thanks Given: 2
Thanks Received: 4

Ditto Ollie - my family does't understand and doesn't want to. The early hours are inconvenient for them but largely ignored. Occasionally a visitor may ask what a futures contract is but then they all revert to their Facebook centric lives. Surprising since it pays for more than 50% of their easy life. I don't really feel isolated or set upon, just puzzled by their indifference. All in all NBD.

Reply With Quote
  #187 (permalink)
 
DavidBodhi's Avatar
 DavidBodhi 
Milwaukee, WI, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Equities
Posts: 209 since Oct 2014
Thanks Given: 23
Thanks Received: 207

My partner is very supportive, and I tell her what I'm doing but she doesn't really make any effort to understand the terms I use. She just knows how many hours I am putting in.
She does NOT know when I make or lose money, unless it's an amount that makes my emotional reaction obvious. Then I'll tell her.

Follow me on Twitter Reply With Quote
  #188 (permalink)
bwasi
Kuala Lumpur, Malaysia
 
Posts: 31 since Nov 2009
Thanks Given: 16
Thanks Received: 34


vmodus View Post
The vacation poll is interesting. We strive to take two months off every summer (still trading, but in a different country), with only a little bit of trading and other work activity happening. We usually visit family at some point in the year, though that is not always vacation.

Mom is a (mostly) full-time trader and I allocate about 50% of my work time to it. So trading is a family 'culture' thing for us. It's what we do. The kids don't quite get it yet (6.5 and 8.5 years of age), though the oldest is showing an interest and they are generally respectful of our trading space. They will both learn how to trade soon enough.

Our trading goes with us when we travel, though we don't trade all the time. You don't need to trade all the time to be profitable. Vacation and time away is good for the mind, body and spirit, and is good for trading. Being self-employed for nearly 15 years now, I could (and used to) lament not making money while you are on vacation or you can understand the importance of not working for while. Otherwise you get caught in the trap of "Oh my god, this vacation cost me $10k in lost profits!" And thinking like that makes you want to crawl in a little hole and whimper.

Bottom line for us: work and life balance is very important.

Respect !..this is the 1st time i heard about a 'trading family' in a forum..Normally I heard doctors family, lawyers family..
Its has been quite a while since the last time I visited this forum and thankfully i'm still have interest in trading..Now, trying to code my setup to semi-auto trading so i have more quality time with my family

Reply With Quote
Thanked by:
  #189 (permalink)
 
MShead's Avatar
 MShead 
Tucson Arizona/usa
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 9 since Oct 2014
Thanks Given: 6
Thanks Received: 5

My wife sees how extremely hard I work at my trading and supports me 100%. I share with her on my winning days but I don't she she could take the stress of some of the bad days. She has no clue about how it works or methods. She does know that I sweat blood though on tough days.

Full time ES trader, Early 60s age, Retired but not

Reply With Quote
Thanked by:
  #190 (permalink)
jdickinson
Corpus Christi, TX
 
Posts: 3 since Aug 2017
Thanks Given: 2
Thanks Received: 1


My wife and 4 kids support me in my trading, even after the long learning curves!

Reply With Quote




Last Updated on March 31, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts