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How do you live your life as a trader?
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How do you live your life as a trader?

  #1 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: Advanced
Platform: Windows 95
Favorite Futures: GC, CL, 6E
 
Yuri57's Avatar
 
Posts: 278 since Feb 2013
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How do you live your life as a trader?

How do you live your life as a trader?

How did trading change your life?

What do you do with the freedom you have? Travel? Making your place nicer? Collect cars or just enjoy trading bigger... what do you do?

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  #2 (permalink)
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  #3 (permalink)
Trading Apprentice
Sherman Oaks, CA / USA
 
Futures Experience: Intermediate
Platform: Rithmic / OEC
Broker/Data: Cannon Trading Company / Ninja Trader/Rithmic, E-Futures trading platform
Favorite Futures: Gold and Crude Oil
 
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Posts: 46 since Dec 2013
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Life as a trader


I don't think I would ever take trading as a full time job and my only source of income. Trading takes a lot of discipline and great strategy. I see myself constantly making changes in my trading strategies and little tweaks here and there. I would say money management is a huge part of trading as well. Learning how to take a profit or take a loss and not be greedy is huge.

Trading full time definitely gives a trader the ability to set his or her own schedule and that in itself could be life changing. I would say trading for me is great part time but I don't find too much of a steady income when I trade. It's great to set your own schedule but it's even greater for me to have a full time job where I receive a steady paycheck.

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  #4 (permalink)
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Budapest, Hungary
 
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kpab702 View Post
it's even greater for me to have a full time job where I receive a steady paycheck.

It's all I ever wanted to avoid in my life...

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  #5 (permalink)
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Charlottetown, Prince Edward Island
 
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I haven't had a J.O.B in over 15 years. If I wasn't trading for a living I was running my own business which can sometimes feel like a job but it's a completely different thing. Some people are cut out to work for a steady pay check and other's aren't. If I had to choose one reason for trading, other than my love of it, it would be to never have to work for anyone else ever again. As for lifestyle, I lead a very modest existence. When you don't have a regular income you get good at saving for a rainy day, and it's a difficult habit to break. I made the mistake, early in my trading career, of over leveraging myself on my personal finances. It's the worst mistake a trader can make. Instead of approaching trading with a free mind there is tremendous pressure to perform. Traders should really live modestly until they are sitting on a mountain of cash and then, keep living modestly.

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  #6 (permalink)
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Los Angeles, California Republic
 
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Yuri57 View Post
How do you live your life as a trader?

Please tell me your avatar is a picture of you. Please tell me you are a Russian fighter jock who still uses Windows95 and plays guitar. Please tell me this is all true.

How do I live my life as a trader?

One day-trade at a time.

Know The Rules Well So You Can Break Them Effectively
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  #7 (permalink)
Trading Apprentice
Malaysia,Kualalumpur
 
Futures Experience: Intermediate
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in the country i live,the USD dollar to local currency ratio is 3000 .so even if i can make 500 $ a month,it's sufficient for me.trading changed my life extensively..

i thought it can give me freedom,but i lost my relationships,my youth and i sacrified everything for finding the proper system.now i am slave of the trading screen...

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  #8 (permalink)
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Commodity View Post
in the country i live,the USD dollar to local currency ratio is 3000 .so even if i can make 500 $ a month,it's sufficient for me.trading changed my life extensively..

i thought it can give me freedom,but i lost my relationships,my youth and i sacrified everything for finding the proper system.now i am slave of the trading screen...


Wow. A cautionary tale. Not to trivialize your experience, but it sounds like a great book. Maybe you should tell your story.

Know The Rules Well So You Can Break Them Effectively
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  #9 (permalink)
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Rotterdam Netherlands
 
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Commodity View Post
in the country i live,the USD dollar to local currency ratio is 3000 .so even if i can make 500 $ a month,it's sufficient for me.trading changed my life extensively..

i thought it can give me freedom,but i lost my relationships,my youth and i sacrified everything for finding the proper system.now i am slave of the trading screen...

Agreed. I spent the last 6 years without a social life and the best years of my life are gone. All I have to show for is a few systems that make 15-50% a year. Hardly the returns I was expecting. Now trying to get a day job o I can trade the system on autopilot.

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  #10 (permalink)
Trading Apprentice
Malaysia,Kualalumpur
 
Futures Experience: Intermediate
Platform: Ninjatrader,Metastock,Metatrader
Favorite Futures: GC,CL,6E
 
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srgtroy View Post
Wow. A cautionary tale. Not to trivialize your experience, but it sounds like a great book. Maybe you should tell your story.


megaman123 View Post
Agreed. I spent the last 6 years without a social life and the best years of my life are gone. All I have to show for is a few systems that make 15-50% a year. Hardly the returns I was expecting. Now trying to get a day job o I can trade the system on autopilot.

i should say it did not worth , @megaman123
@srgtroy that's a long story, to make it short i should say :i lost "everything" to learn how to trade.

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