if you trading your own money it's not a business nor a job. biggest mistake is treat this activity as 'business' you have no customers.. or job..you not helping anyone or providing any service. the market doesn't need your 'liquidity' treat trading what it is 'hustling' even 5 year kid can trade this market.
only problem is a 10 year kid doesn't have money to trade and not old enough to sign a contract or open trading account. or kids don't care about trading.
In a way, I am now really respecting one posters who as disclaimers mentioned clearly that he did not trade and what he was looking for when posting. . I guess it all comes down to personal integrity.
but...but...how will I feel socially validated? PEOPLE NEED TO KNOW I'M A GENIUS MARKET WIZARD WHO IS AN INTERNATIONAL ECONOMIC PLAYER!
technically, you're saying is true, but I think that's not the point. do you know what I mean? if you don't, then it's all good,.... none of my business
One of the most famous Eurex traders actually employs five individuals (none traders) to help manage his trading business such as secretary)...paid salary with medical/dental benefits. He's taxed as a business owner by his government. There's also a Chicago trader (successful) that employs three individuals (traders) and he has a hired cleaning lady. He's taxed as a business owner by the IRS. I can go on but I think you can now see you're wrong. By the way, go down to the CME (CBOT) and take a look @ what all those floor traders do. They spend money to get to work, spend money at the local Chicago businesses, spend money to go back home. They are vital to the local economy and vital to their families as a source of income. P.S. Please don't reply about any of the above facts because most likely you're just a troll.
those must be the words of a gambler, not a trader. If you want to make money as a trader, and be successful, you have to treat it as "a BUSINESS and a JOB", and you have to work as many hours as a computer coder burning the midnight oil, but instead of examining call stacks and core dumps, your nose is buried deep in balance sheets and charts. And, in this business you do pay taxes, you enrich your broker(s) with fees up the wazu, you pay your accountant, tax preparer, your ISP. You contribute to the economy by being a consumer of food and products and whatever services you need in life. But most important of all, you provide companies with their lifeblood, cash/capital, without it they cannot exist, create jobs and generate wealth, capitalism wouldn't be possible without it. Cash is to a business what oxygen is to living things. What? you say only an investor can do that, not a trader, well think again, a trader facilitates trades for investors and provides liquidity when demand most needs it (and no I'm not talking about HFT's, nor the market maker) but your good old trader making markets. ...if the above doesn't make sense to you, maybe you're wasting your time on these forums and reading this post, so instead of griping about something you don't understand, go do something productive in life.
Recently I explained to a few friends that Trader is like an Artist such as painters, musicians, etc. http://en.wikipedia.org/wiki/Artist " Although the Greek word "technÄ" is often mistranslated as "art," it actually implies mastery of any sort of craft. The adjectival Latin form of the word, "technicus",[1] became the source of the English words technique, technology, technical. " So imo, what would you say Trading about is not really an issue to some traders!