Trading as a Business..

Discussion in 'Professional Trading' started by TradingBillions, Feb 27, 2007.

  1. I'm sure many of threads are open on this but I haven't found them yet! Anyway, who here trades in the markets as a business? If so, what are the advantages? Also, do I have to have a monthly cashflow in and out comming? All the advice would be appreciated.. Thanks!
     
  2. bluud

    bluud

    almost any serious trader

    "who here doesn't trade in the markets as a business? "

    curious people who have saved some money and don't know what to do with it

    people who have a tendecy of making 50$ a day for a week and loosing 2000$ in the next week

    insiders

    those who also pay for lottery tickets

    gamblers

    those who have decided to commit suicide but didn't have the guts to, so they put all their money and get loans to trade with and when they loose it all they gain enough balls to kill themselves

    those who think they are the best and they can do it when no one else can

    people who believe in cramer

    and many more


    money, that is if you can really play the market

    the excitement of watching your trading account as you loose money


    yes, it's not easy to be working at another job if you are thinking of becoming a serious trader, unless you get to sit at work doing nothing all day and have a computer (of coarse with internet access) in front of you

    the best option is you should already have a business that produces equal amount of money that you can loose at maximum without your supervision, like put $10,000,000 in the bank, keep it in the bank, and trade with the profit you get from the bank

    or a nice mom and dad who are willing to cover all your losses


    You are welcome ... Good Luck!
     
  3. Of course it's a business, and you're ahead of many by understanding that. You might find this of interest.

    http://www.stocktrading.com/TradingPlan2005.htm

    And, as part of our training, we focus on things like relationships with Clearing Firms, exchanges, your own trading firm (us), etc.

    Feel free to call to chat about it. 702.739.1393.

    Don