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Do you admit to being a trader?
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Do you admit to being a trader?

  #211 (permalink)
Banned: trolling
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kronie's Avatar
 
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this started out as one of the funniest threads ever,

until I started answering, or trying to answer what it meant to call oneself a "Trader"

then it morphed into saying "a Banker", or "Money Manager".

then it morphed into explaining that I translated current economic, political and social news into actionable and tradeable events,

then it reverted to just saying: "computer analyst", and sometimes after a few weeks of successful trades,

a: "trader"

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  #212 (permalink)
Trading for Fun
New York, New York
 
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Limitless100's Avatar
 
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Reading many of these responses is quite comical, I am yet to receive any type of negative/satanic/evil/useless type references from people. Although, I tend to keep my business to myself. I'm surprised I haven't yet seen this recommended, but why not just say, "Business Owner," "I run my own Business," etc. You are theoretically doing this anyway. "Fun manager" "Money manager" "Private equity manager" all sound good as well.

The class of person in which you are being questioned by makes a huge difference. Unfortunately, most of the population is idiotic at best, when they hear that you are able to be successful by simply "Staring at a computer" they become jealous/envious which sparks the comments. Most of the world feels that the only way to have legitimate "work" or have a "job" is to go work for a boss making shit money and struggling through your life, that's the sad reality of the population.

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  #213 (permalink)
Banned: trolling
NYC + NY / USA
 
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Limitless100 View Post
Reading many of these responses is quite comical, I am yet to receive any type of negative/satanic/evil/useless type references from people. Although, I tend to keep my business to myself. I'm surprised I haven't yet seen this recommended, but why not just say, "Business Owner," "I run my own Business," etc. You are theoretically doing this anyway. "Fun manager" "Money manager" "Private equity manager" all sound good as well.

The class of person in which you are being questioned by makes a huge difference. Unfortunately, most of the population is idiotic at best, when they hear that you are able to be successful by simply "Staring at a computer" they become jealous/envious which sparks the comments. Most of the world feels that the only way to have legitimate "work" or have a "job" is to go work for a boss making shit money and struggling through your life, that's the sad reality of the population.

wow, "theoretical", that's deep,

hey, I agree with your post that too many find it hard to believe in entrepreneurship, as if that doesn't happen, and isn't possible anymore.

shame,

basically if one makes between $100 - $225 daily, then does one really realize that they have trumped even the $100,000 salaried workers?,

here's to popping the cork and enjoying the daily gains!

good trading to us all!

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  #214 (permalink)
Trading for Fun
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kronie View Post
wow, "theoretical", that's deep,

hey, I agree with your post that too many find it hard to believe in entrepreneurship, as if that doesn't happen, and isn't possible anymore.

shame,

basically if one makes between $100 - $225 daily, then does one really realize that they have trumped even the $100,000 salaried workers?,

here's to popping the cork and enjoying the daily gains!

good trading to us all!

Yup.

I'm not sure exactly how your math worked out, unless you are using the post tax net income for the 100K worker and not taxing the trader at all, or taxing them 10%.

Otherwise, absolutely!

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  #215 (permalink)
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$521 / hr. 8 hrs a day, 40 hrs a week, 10 months out of the year, leads to a $1000000/yr income.

That is the number I remember when I am thinking about my business, trading, or real estate. Comes out to about $5000/day at (216 days / yr).

**All pre tax of course.


Last edited by tturner86; May 28th, 2014 at 07:03 PM.
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  #216 (permalink)
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tturner86 View Post
$521 / hr. 8 hrs a day, 40 days a week, 10 months out of the year, leads to a $1000000/yr income.

That is the number I remember when I am thinking about my business, trading, or real estate. Comes out to about $5000/day at (216 days / yr).

**All pre tax of course.

You really know how to fill up your week ........

one too many whacks to the head with that chart full of oscillators .....

Head up and keep your stick on the ice!
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  #217 (permalink)
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Fritzk View Post
You really know how to fill up your week ........

one too many whacks to the head with that chart full of oscillators .....


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  #218 (permalink)
Trading for Fun
New York, New York
 
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tturner86 View Post
$521 / hr. 8 hrs a day, 40 hrs a week, 10 months out of the year, leads to a $1000000/yr income.

That is the number I remember when I am thinking about my business, trading, or real estate. Comes out to about $5000/day at (216 days / yr).

**All pre tax of course.

Making a million before taxes comes out to just under $3900 assuming you trade each day, not including the occasional holiday. So be safe and make $4000

Not sure why you would calculate it hourly though, one of the greatest things about being a business owner/trader/investor is that you are no longer stuck exchanging hourly time for a sum of money.

Also, don't limit yourself to only working 40 hours if you are truly building something great. Think about how much more you could get done if you doubled that number.

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  #219 (permalink)
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Limitless100 View Post
Making a million before taxes comes out to just under $3900 assuming you trade each day, not including the occasional holiday. So be safe and make $4000

Not sure why you would calculate it hourly though, one of the greatest things about being a business owner/trader/investor is that you are no longer stuck exchanging hourly time for a sum of money.

Also, don't limit yourself to only working 40 hours if you are truly building something great. Think about how much more you could get done if you doubled that number.

Because $521 is the number. And most people are used to being paid hourly. This isn't limits, it's a framework. It also includes two months off... It's theory, an idea. Something to strive towards. Most people will not earn $521 an hour, but if you invest, have passive income, and build towards that number.

I'm not counting it all in trading either, it can be income from work, income from real estate, other investments, etc.

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  #220 (permalink)
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more new comments on this never-a-good-final-answer subject
(one of the reasons we have a "traders' hideout" )
at elitetrader:

When People Ask "What do you do for a living" What say you? - Page 13 - Elite Trader

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