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Mike has made a statement that strikes me: the threads with most replies and audience are the one speaking of failures, loses, suffering. Their titles are frightening. The next successful one will certainly be: ”how I have sold my children’s kidneys to fund my trading account…”.
There are also a lot of threads about rules, disciplines. Most of them are right but the list is so long that in all honesty who could say I will always follow all of them. When you read them the temptation is great to start thinking consciously or unconsciously since I’m certainly not able to follow all of them, I’m doom to fail. Did you follow all the “good rules” by the book in all the other aspects of your life? Certainly no, but did it make you criminal, or a pathological failure, and did it sent you directly to the poor house? Certainly no otherwise you will not be reading this thread since homeless rarely have an internet access.
Imagine what would be the mental image that could have someone coming from the outside with no experience in trading after having read all of that? This person will certainly think that trading is an activity only reserved to a special kind of “superhuman” who can endure unspeakable suffering and live with such a discipline that it will make a samurai ashamed of his own weakness and lack of self discipline.
Why? I think there are 2 reasons for that. The first one comes from people who have some kind of success in this job, and they are maybe to proud of their success. Unconsciously they want outsiders to admire them and this negative image serves their ego. On the other side there are people who have failed in this business (like in any other job) and they want to blame unbearable circumstances: “I’ve failed but almost no one can succeed.” I’m sure most of you had experienced that: you take a new job in a new position and it doesn’t go well and you start to think that your boss is a tyrant, that the company is bad etc… But you are just at the wrong place, with the wrong set of skills and at the wrong time. Don’t blame yourself but don’t blame other for that too. Just move to the next. It does not make you a bad person.
So let’s speak about what we like in this activity ☺. I let you start and I would like to only see the positive aspects of it (for the negative one you have lots and lots of other threads).
1 - what make you happy with this job/activity
2 - what are you proud of
3 - what can you say in a positive maner to explain what you do to outsiders
4 - etc...
Cheers,
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Can you help answer these questions from other members on NexusFi?
1. What makes me happy: sky is the limit. I control all aspects of my trading business. I can spend more or less time as I wish. I can devote more time to programming, or to research. I can explore areas that interest me and have the freedom to go as deep as I want.
2. What I'm most proud of when it comes to trading related things is this community. I'm proud because we help so many traders here, and it means a lot to work on something so important.
Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,722 since Nov 2014
Thanks Given: 3,366
Thanks Received: 2,961
1. Similar to Mike's point. You are truly your own boss. No other profession can match that.
2. I was attracted mainly b'cas of geographical independence trading offers and I can move between Asia, Europe and America. I have relatives in all 3.
3. There is no other Field that can bring out your inner demons like trading. Even with a psychologist, you can hide few things. You Ought to deal with those demons to become successful. In essence, it makes you a better person, at least in theory.
4. It has absolutely No barrier to enter, except the training and initial funding cost. That's both a bane and a boon.
5. There is no discrimination of age, sex, race, language or culture
6. Personally, I simply Love watching crowd behavior. If I can make a living out of it, that's even better.
The following 3 users say Thank You to HumbleTrader for this post:
1) What most i like : My performance solely depends on me, not like in Job where other's activity/work/performance affect it. I feel independent and calm.
2) I feel proud of : I could understand the trading slightly better than others. God gave better intuition about it.
Harvest The Moon Nest The Market
The following 4 users say Thank You to devdas for this post:
1) My success does not depend on other people and on political skills (I don't have any). I've tried other jobs in my short career and I always had the feeling that I had to “prostitute” myself to succeed.
2) I've earned my financial freedom at the age of 34 and no other job could have given this to me. (I must add that I have modest tastes: I drive cheap cars and I rent small condo, my only luxury is not being obliged to work if I don't want to).
3) I’ve never had the feeling that I was working. I always had the feeling that I was paid to have fun.
4) Each time I see something I don’t understand whatever the subject is I’m always attracted to it and I want to understand “how it works”. Markets are an almost infinite field of investigation.
5) Trading give me the peace of mind : when I trade I’m so involved in that activity that the outside world disappear. It is for me a sort of meditation. Markets are for me what Zen practitioners call a koan. A riddle with an infinite number of solutions. They free your mind of material contingencies. This riddles have in fact no solutions and the solution is not the purpose of them.
(PS: I’ve not always been like that, at some point in my life I had very expensive cars, I have bought stupidly large houses and I had put myself in bad situations where I’ve been stressed and where I had the obligation to work to sustain my way of life. I earned freedom at 34 but I have found what I call my “wisdom” only 10 year latter.)
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Trading for me is low intensity work.
I get payed by waiting. Watching and waiting for setup.
Taking trade and again waiting and watching some more
for trade to roll out.
Trading for me is low stress work compared to 9-5 work
with constant demands from boss, co-workers and clients.