Who Should Become A Trader?

[Predictor 11]

I posted this as a response on another blog. I liked it though. So, I thought I'd copy it

 

Who Should Become A Trader?

 

There are only 3 reasons to become a trader:

 

#1 You are great at it.. you show an amazing aptitude for understanding where markets are going and there is evidence you can profit from that activity. Trading is about service. Just like some people are good at running or playing basketball, some people are good at predicting the market. People should do what they are good at, develop it, and use it for their own and others betterment.

 

#2 You've discovered something that can make significant money that no one else understand. You're not really a market wizard in the traditional/discretionary sense but you've discovered something unique, non trivial, probably quantitative in nature.. Your already a genius in other fields. You shouldn't trade but you might be able to exploit your specialized knowledge by building a system (and trading it or selling it).

 

#3 You're a rich kid. You've got a ton of money. You don't need to be great. If you have at least a million dollars then even mediocre trading may produce more money then you could at any other job. However, if your in this camp then you also have the option of seeking out fund managers who may do a better job. Its a tough camp to be in.

-----

 

Having said, obviously, there is going to be a time before you believe that #1 to be true. This time isn't to be rushed. Its an important time. Its a time for development, exploration.. Its a time when one has to be careful to guard against any negativity. Its important to keep an open mind. Its not a time for big bets. At some point, one will decide that they have better things to do (most people will decide this) but others will carry on... I think during the 'carry on' stage is where mentorship becomes more important.

 

I spent my first year 50 hours per week studying technical analysis. I worked day and night until exhaustion. Every night. Every day. Every week. Belief in certain success is critical to do the type of work required!! In my case, I had a friend, who I had unwavering faith in, who promised to fund me when I demonstrated my ability. He never did but the point was that I never doubted him -- so I worked as if I were already successful.

 

Its not important whether one becomes a trader or whatever they do but that they realize a creative, performance, and rewarding life. Creative work energizes and gives back. It is a form of service. It has potential for growth. Everything is about the service for me. And there is a huge need today for creative realization and for people to become more conscious.

 

-

Curtis

[wingfly 10]

At least, if a guy demonstrates behavior like strategic thinking, he/she may try his/her luck in trading.

 

I posted this as a response on another blog. I liked it though. So, I thought I'd copy it

 

Who Should Become A Trader?

 

There are only 3 reasons to become a trader:

 

#1 You are great at it.. you show an amazing aptitude for understanding where markets are going and there is evidence you can profit from that activity. Trading is about service. Just like some people are good at running or playing basketball, some people are good at predicting the market. People should do what they are good at, develop it, and use it for their own and others betterment.

 

#2 You've discovered something that can make significant money that no one else understand. You're not really a market wizard in the traditional/discretionary sense but you've discovered something unique, non trivial, probably quantitative in nature.. Your already a genius in other fields. You shouldn't trade but you might be able to exploit your specialized knowledge by building a system (and trading it or selling it).

 

#3 You're a rich kid. You've got a ton of money. You don't need to be great. If you have at least a million dollars then even mediocre trading may produce more money then you could at any other job. However, if your in this camp then you also have the option of seeking out fund managers who may do a better job. Its a tough camp to be in.

-----

 

Having said, obviously, there is going to be a time before you believe that #1 to be true. This time isn't to be rushed. Its an important time. Its a time for development, exploration.. Its a time when one has to be careful to guard against any negativity. Its important to keep an open mind. Its not a time for big bets. At some point, one will decide that they have better things to do (most people will decide this) but others will carry on... I think during the 'carry on' stage is where mentorship becomes more important.

 

I spent my first year 50 hours per week studying technical analysis. I worked day and night until exhaustion. Every night. Every day. Every week. Belief in certain success is critical to do the type of work required!! In my case, I had a friend, who I had unwavering faith in, who promised to fund me when I demonstrated my ability. He never did but the point was that I never doubted him -- so I worked as if I were already successful.

 

Its not important whether one becomes a trader or whatever they do but that they realize a creative, performance, and rewarding life. Creative work energizes and gives back. It is a form of service. It has potential for growth. Everything is about the service for me. And there is a huge need today for creative realization and for people to become more conscious.

 

-

Curtis

[TheRumpledOne 14]

Those who don't like to get dirty, who want to work in a climate controlled atmosphere and who don't like heavy lifting.

[Roger Felton 10]

Those who want to build buns of steel but don't want to join a gym

[chewy 10]

Those who want calluses who do not want to join the marines

[khamore1 10]

#1One who always fail #2 one who can do nothing right #3one who is half blind (can’t see the chart)

 

#4 one who is deaf (can’t hear the news) #5 one who never worked for his money #6 one with an IQ -35

 

I’m sure he must have other qualification which I will post later

[Obsidian 10]

....Who Should Become A Trader?

I spent my first year 50 hours per week studying technical analysis. I worked day and night until exhaustion. Every night. Every day. Every week.....

 

people who have the same commitment, time and patience

[philipwade 10]

Patience and mindset are equally important to be a trader.