That's pretty true in my experience. If someone starts giving me crap I start talking about mathematical modelling of financial markets and statistics to shut them up. Very few people understand (or want to understand) the mathematics and application of risk management, despite being the most important thing to investing and making money in general.
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I Love My New Day Job! So I tell 'em I'm a trader. I mostly get a blank look and a couple of questions punctuated with a confused "Oh, okay." Sometimes I get bright eyed look with a response like, "You know, I've always wanted to do that." But too often I see envy in their faces; the look of understanding that there is more in life but it is out of their reach. I don't like to dredge up hurt and dissapointment for people. But I'm searching for those who want more for themselfes and are willing to work for it. I'm waiting for the response, "Can you show me how?" I'm so eager to say "Sure, let's get started."
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Perhaps there are only two types of products/services?
Therefore only two types of wage earners.
1) Primary, that is, essential to life. What we need.
2) Secondary, that is, not essential to life. What we want.
Some of those in the primary group are doctors, farmers, police officers.
One of those in the secondary group are entertainers. Entertainers, even those
that make >$1,000,000 a year are not needed.
We all have a place I suppose. If there weren't any unskilled workers in
society, our society would break down overnight.
"Why do the smoke-stacks have those things like balconies around them?" enquired Lenina.
"Phosphorus recovery," explained Henry telegraphically. "On their way up the chimney the gases go through four separate treatments. P2O5 used to go right out of circulation every time they cremated some one. Now they recover over ninety-eight per cent of it. More than a kilo and a half per adult corpse. Which makes the best part of four hundred tons of phosphorus every year from England alone." Henry spoke with a happy pride, rejoicing whole-heartedly in the achievement, as though it had been his own. "Fine to think we can go on being socially useful even after we're dead. Making plants grow."
Lenina, meanwhile, had turned her eyes away and was looking perpendicularly downwards at the monorail station. "Fine," she agreed. "But queer that Alphas and Betas won't make any more plants grow than those nasty little Gammas and Deltas and Epsilons down there."
"All men are physico-chemically equal," said Henry sententiously. "Besides, even Epsilons perform indispensable services."
Exactly. Many people are stuck with their fixed being without thinking about reaching out for things outside their current scope. The same for travelling - I enjoy seeing the world - even though it can get expensive sometimes - the experience itself is worth everything. Talking about 'trading' and many people tell me: "Yea, one of my friends" or "the brother of my my wife used to do this but lost a lot of money in the last crisis." Oh yea, good base for telling them about my job. In the end one is put into the category of kind of small speculator, buying and selling stocks the whole day at home. Using topics like risk- and money management or even systematic trading in order to minimize financial and especially emotional exhaustion is not the best choice. A choice for me is that I am developing software in that business area ... is working
Yes, and no matter how much I have tried to explain that one do not loose everything on one trade when one use 2 to 3 % percent risk stop, they still don't get it. Predisposed fear pictures are obviously stuck pretty hard.
“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
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When I tell people I am a day trader, they usually tilt their head in bewilderment. I then say, "You know, the evil speculator who drives up the price of oil." Then they usually say, "oh, so you're the reason we pay so much for gas." "That's right, I'm the one." It usually gets a laugh, but not always.