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

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
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Favorite Futures: E-mini ES S&P 500
 
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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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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
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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)
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  #4 (permalink)
Elite Member
Austin, TX
 
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tturner86's Avatar
 
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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.

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  #5 (permalink)
Site Administrator
Manta, Ecuador
 
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Posts: 46,238 since Jun 2009
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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.

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  #6 (permalink)
Trading Apprentice
Akron, Ohio
 
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Posts: 7 since Jun 2014
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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.

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  #7 (permalink)
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i like this collar
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  #8 (permalink)
Elite Member
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Itchymoku View Post
i like this collar
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I have two of these shirts.

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  #9 (permalink)
Site Administrator
Manta, Ecuador
 
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Posts: 46,238 since Jun 2009
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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.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #10 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,781 since Sep 2013
Thanks: 9,848 given, 11,151 received
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Big Mike View Post
Greed is good ?



Mike

Every emotion has a place and time.

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