Agree with the above comments. I'll take experience over sharp reflexes any day. Just because you're a scalper now doesn't mean you have to be a keyboard monkey your whole life either. I doubt I'll ever stop, but when I have enough cash to not need any more, I think I'd definitely slow down.
dude ... scalping is only for autonmated BOTS or arbs these days plus ... as you get older you realize there is more than one market out there ( i.e. stocks ) too bad most folks on ET think thats all there is and that the only way to make it is through scalping teenies at some rinky dink prop firm
I see no reason why it can't be done as one ages. As your career advances your goals change but that comes with age. I agree with the others. There's nothing else I'd rather do so the exit strategy involves a coffin.
You just might not slow down! Being the good Jew that I am, I never spend much of what I make, so I've always had enough. If I make $1 or a $zillion, it's all the same to me. What I enjoy now in the declining years is winning!! And when I win I know that it's quite likely that I've won from someone much younger, and smarter, than I am. So trading can still be great in later life, but getting old is really the pits!
No. when you hit 50, you automatically become unprofitable. seriously, this has little to do with anything. You have an edge and superior money management, or not. You may be automated or not, patient or not, very mentally acute or not, etc. An older person may have less stamina but probably more experience/wisdom. No such thing as a blanket rule.
unlke sports or physical labor,trading is a mental excercise and knowledge is power ,the older the wiser,had to be a tadpole that started this thread,ignorance is bliss