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Millions Made, now what?
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Created: by Big Mike Attachments:0

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Millions Made, now what?

  #61 (permalink)
Trading for Fun
Geelong Victoria
Futures Experience: Advanced
Platform: Dealbook 360/ Trader Workstation
Broker/Data: I-Deal, Interactive Brokers
Favorite Futures: Index Futures & Options
Posts: 113 since Jan 2015
Thanks: 45 given, 89 received

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I don't think that once you reach a certain level of success that you would just pack it in and quit trading... It becomes part of you... you would have to replace that something with something else as or more interesting.

In my case I retired at 54... I did not have enough money to sock it away in some kind of fund or annuity and live out the rest of my life. I had no pensions at the time... no company pension but I gave up my working life in the normal sense once I believed that I could support myself in my normal lifestyle. If I failed back then {shrug} I would have went back to work again... but I never failed.

On thing though, and this would be sort of "retirement" from trading. If I were a daytrader (which I never was though) I would be considering the reduction of stress of being in front of a computer constantly during the trading day. I would be learning to invest in longer term investments and trades. That would be a retirement for me.... earning the same amount of money with less stress.

Most younger people have no clue as to the amount of money they need to reachl in order to retire and live off the interest for the rest of their life.... So I say that while it may be considered work, trading will always be a part of any trader worth his/her salt... I have known several traders over the years... some who have been quite successful doing what they do... never heard of any of them saying they were looking forward to the day when they would stop trading... but then they were not daytrading, options or future/commodity trading... They were in long term stocks, stable and usually paying good dividends.

This could be considered a hobby at this point... nothing wrong with that.


Cheers John

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  #62 (permalink)
Elite Member
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL
Posts: 10 since Jun 2016
Thanks: 43 given, 5 received

Want to establish a university.

Good thread. Good thoughts.

Besides that I want to be a good trader. My goal is to establish a University in some poor country one day,. a University of Engineering, Management and Modern Sciences. It is the education which makes us better.

Now there are secondary things, be a better trader, stay profitable, pay for one's children's education are goals which like every one else, I have too. But besides sitting next to a pool, or just traveling without purpose does not satisfy the desire to do good for others. Hope to see this dream come true.

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