NexusFi: Find Your Edge


Home Menu

 





Do you admit to being a trader?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one stephenszpak with 19 posts (19 thanks)
    2. looks_two Big Mike with 14 posts (48 thanks)
    3. looks_3 Cloudy with 8 posts (4 thanks)
    4. looks_4 CRM5096 with 6 posts (9 thanks)
      Best Posters
    1. looks_one ThatManFromTexas with 9.5 thanks per post
    2. looks_two tigertrader with 6.8 thanks per post
    3. looks_3 Big Mike with 3.4 thanks per post
    4. looks_4 stephenszpak with 1 thanks per post
    1. trending_up 118,958 views
    2. thumb_up 381 thanks given
    3. group 94 followers
    1. forum 242 posts
    2. attach_file 11 attachments




 
Search this Thread

Do you admit to being a trader?

  #51 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,541


Xeno View Post
On a more serious note, we pay to play because the rewards are potentially so great. People who also sink 50k into starting a business are paying to play too. Don't we also say that people who can't afford to lose the money shouldn't trade.

Yup, you are exactly right.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Are there any eval firms that allow you to sink to your …
Traders Hideout
Exit Strategy
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
56 thanks
Funded Trader platforms
44 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #52 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,348

I got tired of the negative responses I got when I said I trade for a living, so now I just say I run porn sites and people treat me much better.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
  #53 (permalink)
 
Slipknot511's Avatar
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Trading: CL, TF, 6E
Posts: 169 since May 2010
Thanks Given: 60
Thanks Received: 314



ThatManFromTexas View Post
I got tired of the negative responses I got when I said I trade for a living, so now I just say I run porn sites and people treat me much better.

... but the sad thing is, it's funny because there's a grain of truth in it. Maybe I should just tell people I'm a male prostitute so they stop judging me.

Reply With Quote
Thanked by:
  #54 (permalink)
 
casey44's Avatar
 casey44 
Louisville KY
 
Experience: Beginner
Platform: NT8
Trading: micros
Frequency: Daily
Duration: Minutes
Posts: 247 since Jan 2010
Thanks Given: 4,041
Thanks Received: 311

Great and some funny responses so far. Thks.
I say I do probability studies, and if there's a further question re in what... insurance? medical? etc. I say it's for a small private fund. I want to leave the door open for the remote possibility the other person has a genuine interest, and I first need to get a sense of where they're coming from. Otherwise, I only talk with close friends or other traders. Learned long ago not to use the word 'futures' or 'trading'. Too often brought an emotional fear or greed response.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #55 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709

Since my full-time job is writing software for businesses/enterprises I just say I'm a software engineer, and on the side I write programs that trade for me. Most people think that's pretty cool, especially other programmer friends. If they ask for more details and I explain more about how I trade, half of them want to write me a check to trade for them, especially if I show them cherry-picked backtested equity curve

If I wanted to be snooty I could say I'm a "statistical arbitrageur" and then if they want more details I can quote something from Taleb to impress them. That goes over well down at the country club.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #56 (permalink)
 
sharky's Avatar
 sharky 
MIAMI,FL
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, tradingview
Broker: Private
Trading: Crypto and natural gas
Posts: 1,063 since Jun 2009
Thanks Given: 625
Thanks Received: 3,906

ive been lucky so far, i own my own company so i just tell people that,and i add that i trade on the side but it seems like most of them think oh he's rich and has a hobby trading,but thats fine with me i never tell them i make as much if not more trading then my small company make's but this year i will sell my company and just trade so i need some new excuses to explain to people what i do,maybe ill just say im retiered, i dont know yet lol, great thread...sharky

KILLING THE MARKETS DAILY
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #57 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709


shodson View Post
Since my full-time job is writing software for businesses/enterprises I just say I'm a software engineer, and on the side I write programs that trade for me. Most people think that's pretty cool, especially other programmer friends. If they ask for more details and I explain more about how I trade, half of them want to write me a check to trade for them, especially if I show them cherry-picked backtested equity curve

If I wanted to be snooty I could say I'm a "statistical arbitrageur" and then if they want more details I can quote something from Taleb to impress them. That goes over well down at the country club.

On a side note, I recently had a prospect call me to help them convert an Excel-based process to an app that they use with their clients to properly price and hedge mortgage loans. They've had a hard time trying to find a programmer that can understand what they want. They started talking about hedging and I said, "Yeah, so if you're a lender you would hedge your loan by shorting an MBS (mortgage backed security), or some other fixed income asset, right?" and they were blown away that I even understood what shorting was, let alone hedging MBSs.

Knowledge of trading enhances other parts of my life

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #58 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,404

When people ask me what I do, I just tell them "as little as possible". That shuts up most of them...the ones that really care will probe more and then I tell them I trade oil for a small hedge fund. (that would be me). They dont need to know there is no real fund nor that I am the only client, investor, trader. If they probe even more, then I tell them the fund has a non disclosure policy. That's usually the end of it. Some get real curious after that and if I know them well, I might tell them more but I really try to keep it as quiet as possible to avoid the odd looks and negative comments.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
Thanked by:
  #59 (permalink)
 hurderp 
Chicago, IL
 
Experience: Intermediate
Platform: NinjaTrader, ThinkOrSwim
Broker: Amp/Zen
Trading: CL
Posts: 10 since Dec 2009
Thanks Given: 7
Thanks Received: 3

"I'm an importer AND exporter..."

/obscure sitcom reference

Reply With Quote
Thanked by:
  #60 (permalink)
 MetalTrade 
 
Posts: 1,055 since May 2010


I used to shout out loud when I got annoyed : "I MOVE WHITE MOUNTAINS"

That kept them quiet for a while...

Reply With Quote




Last Updated on June 3, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts