What's the dumbest thing you've done?

Discussion in 'Trading' started by 88888accountant, Dec 14, 2005.

  1. I hate to say this but I think the worst mistake I made was trading right out of school and not doing something with my new degree and high grades at that time. Trading will always be there and there will always be good and bad times. If you are doing something else you have the option of just trading the "good times". Right after school was the time when I had the most flexiblity and opportunities to do something to gain real experiences and skills. However it was in the late 90's so I got caught up in the hype and did not realize the real odds of trading for the long term and how high the highs were or how low the lows can be. Once you get locked into trading for a few years, it can be hard to leave even if you should (as the mentality of if I can just get this I will get back on the right track start doing better) and because suddenly a lot of your options are shutdown even if you want to leave. What skills do you have that a "real job" would want after trading for awhile. I use to think it was a low risk time for someone right out of school to try trading if they could afford it. Now I think different unless it is approached with a definite exit plan, because as soon as you know it time has passed, you have not developed skills that a firm could use, as time goes by your being passed up by new graduates, and you can get trapped. Of course this is all different if you are in the 1% percent that get in and hit a homerun early on. Otherwise it can be a hard way to make a variable, sometimes great, sometimes very poor living.
    #31     Dec 15, 2005
  2. Good post Corn.
    #32     Dec 15, 2005
  3. jerryz


    you can go to business school and get yourself back on track that way. not a bad option really.
    #33     Dec 15, 2005
  4. turned down an offer from Microsoft to become a stockbroker in 1986.
    I think I beat most of you with this one....
    #34     Dec 15, 2005
  5. Choad


    I've always heard that there are a great many, for example, millionaire secretaries and janitors at MSFT from that era. They got stock...
    #35     Dec 15, 2005
  6. I think we have a winner.
    #36     Dec 15, 2005
  7. jerryz


    curious as to why you made that decision.
    #37     Dec 15, 2005
  8. Trend full size

    counter trend I don't even bother to trade anymore

    not worth my time for the risk.
    #38     Dec 15, 2005
  9. maxpi


    It was a long time ago and I did not know what a stock option was. I turned down options when I hired in Tandon Corp in lieu of higher pay. I would have made $250,000 my first year with the options. I don't want to think about it actually.
    #39     Dec 15, 2005
  10. jerryz


    think about it this way. taking a sure thing over a gamble cost you money in that particular instance, but the same kind of decision probably saved you much more money elsewhere.

    has you taken those options you might have become more of a gambler, and you may have lost more money going for other gambles.

    it's an alternative path, you never know.
    #40     Dec 15, 2005