Trading is Bad for your Mental Health

Discussion in 'Psychology' started by 4DTrader, Jul 7, 2008.

  1. Cutten

    Cutten

    If you average 25%, why not set up a fund and become rich? You'll have plenty of "glamour" then. Or does the hard work and accountability to investors not appeal?
     
    #61     Jul 10, 2008
  2. Ha. I wish I could. What I have found from discussions with a few folks and a few interviews is that my record is worth nearly zilch to anyone but me. Far from starting my own fund, I seriously doubt I could even get a job doing any trading or research anywhere. Dude, what I have found is that now I have been out of the workforce for ten years, my resume has become toast and I wasn't particularly well connected to start with. Everyone immediately equates what we do to the daytrading bust in 2000 and the get rich quick schemes on late night TV. So much of the fund and street thing is connections, pedigree, and marketing. There are ways to work around this, but none that don't involve a lot of work extraneous to trading.
     
    #62     Jul 10, 2008