This was shared with me by a friend, and I pass it along. What is a Trader? Traders take chances. Like everybody else, they fear failing. But they refuse to let fear control them. Traders don't give up. When things get tough, they hang in until the going gets better. Traders are flexible. They realize there is more than one way, and they are willing to try others. Traders know they aren't perfect. They respect their weaknesses, while making the most of their strengths. Traders fall, but they don't stay down. They refuse to let a fall keep them from climbing back. Traders don't blame their fate for their failures, nor luck for their successes. They except responsibility for their actions, even when it's hard, even when others can't see where they are going. Traders are patient. They know a goal is only as worthy as the effort that's required to achieve it.
<img src=http://3.bp.blogspot.com/_g3tGRzSRwQY/STIk2bl1yzI/AAAAAAAAPtk/p6TgyEFxot8/s1600-h/financialcrisis.png> http://3.bp.blogspot.com/_g3tGRzSRw...AAPtk/p6TgyEFxot8/s1600-h/financialcrisis.png
a trader buys and sell things, anything. financial instruments aren't the only thing you can trade. traders are intermediaties between producer and consumer in real trading
Wrong! "Traders take CALCULATED chances" or better yet: 1. "Traders make their chances" 2. "Traders may take zero loss chances" (actual examples are in thread below: http://www.elitetrader.com/vb/showthread.php?s=&threadid=127406&perpage=6&pagenumber=54
I always liked Ayn Rand's definition. She said, "The symbol of all relationships among [rational] men, the moral symbol of respect for human beings, is the trader. We, who live by values, not by loot, are traders, both in matter and in spirit. A trader is a man who earns what he gets and does not give or take the undeserved. A trader does not ask to be paid for his failures, nor does he ask to be loved for his flaws. A trader does not squander his body as fodder or his soul as alms. Just as he does not give his work except in trade for material values, so he does not give the values of his spiritâhis love, his friendship, his esteemâexcept in payment and in trade for human virtues, in payment for his own selfish pleasure, which he receives from men he can respect. The mystic parasites who have, throughout the ages, reviled the traders and held them in contempt, while honoring the beggars and the looters, have known the secret motive of their sneers: a trader is the entity they dreadâa man of justice."