Anyone not making 200k a year from trading is a piker

Discussion in 'Professional Trading' started by gmst, Jul 2, 2013.

Serious answers please - A successful trader is a piker

  1. if he makes less than 100k a year

    38 vote(s)
    52.8%
  2. if he makes less than 200k a year

    7 vote(s)
    9.7%
  3. if he makes less than 300k a year

    6 vote(s)
    8.3%
  4. if he makes less than 500k a year

    21 vote(s)
    29.2%
  1. But why exactly would you want to please anyone? Are you one of these people who have to be liked by everyone? Most people should be ignored, anyway.

    I am a piker as a trader, but I am not a pro. I trade on a side these days while running my family business.
     
    #81     Jul 4, 2013
  2. You see, that's exactly why trying to please people makes no sense. A friend of mine is an excellent day trader, he posts many of his trades on Twitter in near real-time, but his following is minuscule compared to the following many BS artists in this field have.

    Not that he cares, not that I care. I mean it just as an example that a real deal may always lose to a poser that is very good at self-promotion.

    Slightly off-topic to this thread, but the whole thread has been derailed a while ago, anyway.
     
    #82     Jul 4, 2013
  3. So... link to his twitter?
     
    #83     Jul 4, 2013
  4. do not need pay attention to dogs who bark.

    true dogs do not bark!
     
    #84     Jul 4, 2013
  5. MrN

    MrN

    I am truly relieved that my initial goal when I got into trading was to compound my own capital and then start a customer business, not trade a small amount for a living. If I had considered making 200k a year a solid end point, hell no trading would have never interested me. I don't see the point in that. But people come from different backgrounds and have different ambitions, so I see how that could seem like a great gig (or dream?) for some people.
     
    #85     Jul 4, 2013
  6. gmst

    gmst

    very well put!

    Also - special credit to ssrrkk for his amazing socio-economic theory.
     
    #86     Jul 5, 2013
  7. gmst

    gmst

    A) and D) choices combined have got 37 out of 47 votes till now, which is 78%. So, 78% people believe in extremes. This is like famous arc-sin curve. Very interesting distribution. The exact number of votes till now is:

    A) 22 votes
    B) 6 votes
    C) 4 votes
    D) 15 votes
     
    #87     Jul 5, 2013
  8. Sergio77

    Sergio77

    imo 100K per year is the absolute minimum that differentiates pikers from serious traders,
     
    #88     Jul 6, 2013
  9. Pekelo

    Pekelo

    I live in rural Kansas with a dog and 2 cats and make 50K, you live in Manhattan with a wife and 2 kids and make 100K. Now who is the piker, if you got my drift???? :)

    I love when people are speaking in absolutes without adding more to the picture...
     
    #89     Jul 6, 2013
  10. He is not. He says also this is his 4th year ;) Still counting as training? ;)
     
    #90     Jul 6, 2013