How do full-time traders handle awkward situations when they reveal they trade for a living?

Discussion in 'Professional Trading' started by helpme_please, Aug 9, 2015.

  1. Turveyd

    Turveyd

    Most lose, but some traders just pay there bills and get by like everyone else who has a Just Over Broke!
     
    #31     Aug 11, 2015
  2. qxr1011

    qxr1011

    agree, most wannabe traders lose, most traders - don't
     
    #32     Aug 11, 2015
  3. Complete fear! The first thing they think about is that movie Fargo.:D
     
    #33     Aug 12, 2015
  4. Good stuff!:)
     
    #34     Aug 12, 2015
  5. I wonder : why do you prefer people to fear you?
    Is it a psychological defense mechanism ?
     
    #35     Aug 12, 2015
  6. Gueco

    Gueco

    most people have lost money in the stock market. so they will tend to assume that anyone claiming to be trading for a living is a unemployed loser, a liar and a fraud. they will not tell you to your face, they will just change the subject. without a ferrari or something else to show you will always be a loser and a weirdo to them.
     
    #36     Aug 12, 2015
  7. I was joking about the fear thing. Bonecrusher is a name I acquired as a boxer in college. I was named after a professional boxer called "BONECRUSHER SMITH".
     
    #37     Aug 12, 2015
  8. Handle123

    Handle123

    I stopped long ago telling people what I do for a living, none there business and only sets me up for more questions I won't answer like will you teach me for free or how about loaning me money or trade for them. I just tell them I am a programmer which I do to maintain automation, I use to tell them I worked for "Jerry's Kids" and they assume I worked at 7-11 and pat me on the back saying things will get better for me, LOL, if they only knew, LOL.
     
    #38     Aug 12, 2015
  9. d08

    d08

    @Handle123

    That's exactly what I do. It's not a lie but it's not the whole story. People rarely query about programming as well, which is good.
     
    #39     Aug 12, 2015
  10. Handle123

    Handle123

    Just yesterday some guy asked me to buy his failing Yogurt business that is in a stripe mall, very high rent and locked in for five years. I said I was very interested in the equipment and pay him 40 cents on dollar which I think is good deal as when he goes bankrupt he won't make that. He got like major angry I won't buy the whole business, to get him out from under legal, well that is just tough. When you just look at people overall, they are fat, yogurt is a harder sell than a juicy burger with bacon, chessy fries topped off with ice cream. Instead of a area for people to sit, Best is drive up only way to go. Make it all from scratch to make it taste better but saves money. But selling yogurt you have to put it in cheaper rent area and flood area with advertisements and coupons, having one of those ad guys on the curb for several months waving his arms. Got to get people hooked on it. And *Lite* Yogurt is hugely less calories than regular yogurt.
     
    #40     Aug 14, 2015