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Depends on what your returns are like. If you can make a living from it then it's definitely a job. Otherwise your family is right go get a job while your still young and employable.
Can you help answer these questions from other members on NexusFi?
Out of the billions of people on planet earth that don't give a f*** about your existence, there exist a handful that love you and care for your future. You have just failed your family in a most shameful way.
If you think you can trade then do it without the hissy fit. The market will give you everything you deserve, I promise. But NEVER talk bad about your family like you did with your little rant in the first post. It's a sign of extreme immaturity and a reflection of your own petty insecurities regarding trading.
Go spend some time with them. Hug them, have a laugh, thank them for supporting you, be grateful because they wont be around forever.
I live in a house that is paid for, drive a new car that is paid for, go away most weekends, have no debt. This is all a direct result of trading.
When my Father comes over and sees my charts up all he does is shake his head and says if I want to earn money to get a job.
When my parents need to fix there car, need a new pool pump, pay there property tax, fix a leaky roof, etc. they come to me. I am happy to help them, and glad that I am financially stable to do so.
So it is a catch 22 for my Father, I should get a job to earn money, however all the financial help I give them is a direct result of my trading.
In the end it makes no difference what anyone thinks. The only person I need to answer to is me. If I were to take all the advice that people have given me I don't know were I would be today.
As Oprah says follow your Bliss.
Keep things as simple as possible, but no simplier. Albert Einstein
If you can't explain it to an eight year old it's to complicated
these decisions typically come from own. ofcourse a decision making mechanism is important...friends///family...teachers..etc etc. but its like i wish to become a Dr....but become a Engr. similar in trading..yes/no?. No
paying bills eom with a job easy....with trading they may not be paid.....so its darn difficult. yes thats reality. so one must prove it to themselves and be real and realistic can this be done. often at times more than anything else what helps is if someone has a job alongside the process in becoming successful or is flushed with money which can be lost during the try out process of becoming a trader.
In trading its not that simple...as you know in the bottom of the heart that there is tremendous risk...chance of failure high...success rate slim. still we wish to become a trader and do it fulltime....yupp but thats a decision one can only make on his/her own with the help of a decision making process/mechanism which is typically family. its not a easy one.
pls excuse me if i said anything wrong....but these r my experiences and thoughts. I dont trade FT.....though i can.
I would recommend if you do not have a degree and you have the ability then try to get more education in areas that can be useful for your trading or a career (machine learning, computer science, or finance). This way you are creating more outs for yourself to win, either way.
There is room for one "Thanks" for each post. But yours deserves a million!
Success is not only measured in your trading/investing skills but a whole value system that encompasses your family, friends, and community.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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Who are you to talk about my family?
Do you know them?
Do you know my history with them?
Doesn't matter. The reason why I'm so upset is because if I have a DREAM I expect the people closest to me TO SUPPORT ME, NOT TO TELL ME IT'S ALL FANTASIES.
Comprende?
Not saying I don't love them or whatever.
But if being upset that the people closest to you think your goals and ambitions are all pipe dreams...
You think I'm gonna have a positive reaction?
Well, there is a compromise way to look at things. A job (i.e. type of work) is normally associated with a guaranteed or high probability fixed income stream. Even successful traders, do not qualify under that definition because it is not guaranteed income.
Try to change your perspective slightly. You can still work at your craft even if you aren't trading for a living. Right? So, if you can just slightly alter your dreams to emphasize the work vs. the results you will see that there is the ability to work at your at your craft at every level of success.
Treat this negativity as just information. Right, everyone is extrapolating from limited samples. And there is varying degrees of truth in all opinions.
I do recommend to consider that you try to pare low risk income with your trading income and try to get education that can benefit your trading. Make it your focus to get yourself in a situation where you can work more on your trading. Focus on things you can control. Good luck!
