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Blue Collar or White Collar, which describes you?
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Blue Collar or White Collar, which describes you?

 
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,930 since Jun 2009
Thanks: 29,918 given, 86,954 received

Blue Collar or White Collar, which describes you?

New poll.

In your career prior to trading, which describes you?

Total votes: 117
 


Vote and discuss!

Mike

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Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,930 since Jun 2009
Thanks: 29,918 given, 86,954 received


I'm interested in this discussion because I think there is a correlation between 'blue collar' and 'white collar' workers, prior to their trading careers, and the results they experience as traders.

Put simply, blue collar workers are better at following instruction, while white collar workers usually don't handle being wrong very well.

Thus blue collar workers make better traders than white collar workers.

That is a gross simplification, but my general feeling. Look forward to a discussion.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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Super Moderator
Portland, Oregon
 
Trading Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: GBU-39
 
tturner86's Avatar
 
Posts: 6,028 since Sep 2013
Thanks: 10,172 given, 12,006 received

I come from manufacturing so I consider myself a blue collar guy.

But I currently own a marketing firm and do business consulting so I am currently white collar.

I tend to agree with you Mike, I have seen it in business. Blue collar workers tend to follow direction, while white collars tend to want to be in control/lead/always right.

 
 
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,930 since Jun 2009
Thanks: 29,918 given, 86,954 received

I was also white collar in a C-level position prior to going full time trading, and like I said in my long webinar, I had to make some serious changes to myself in order to become successful. Over the years I have witnessed others, what I would consider blue collar, have a much easier time with it.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
 
Trading Apprentice
Akron, Ohio
 
Trading Experience: Beginner
Platform: TWS NT
Broker/Data: IB
Favorite Futures: Stocks
 
Posts: 7 since Jun 2014
Thanks: 11 given, 1 received

I left a job at a machine shop to try trading so I'm blue collar. I have a 14x40 lathe and knee mill so if I draw down too much I can at least find some paying work and look for safer investments to rebuild and try again.

 
 
 R.I.P. 1987-2018 
Philadelphia
 
Trading Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,660 received

i like this collar
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R.I.P. Joseph Bach (Itchymoku), 1987-2018.
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Super Moderator
Portland, Oregon
 
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Thanks: 10,172 given, 12,006 received


Itchymoku View Post
i like this collar
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I have two of these shirts.

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Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,930 since Jun 2009
Thanks: 29,918 given, 86,954 received


tturner86 View Post
I have two of these shirts.

Greed is good ?



Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
 
Super Moderator
Portland, Oregon
 
Trading Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: GBU-39
 
tturner86's Avatar
 
Posts: 6,028 since Sep 2013
Thanks: 10,172 given, 12,006 received



Big Mike View Post
Greed is good ?



Mike

Every emotion has a place and time.

The following user says Thank You to tturner86 for this post:

 



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