Non traders

Again, they say the same about accountants…

It’s official: scientists prove why accountants are boring - Telegraph

Well, yes, similar conversations have happened to me as well. The variety of the opinions is interesting. Some people think that it’s rocket science and they cannot imagine ever doing it. :smiley: Others think that it’s like gambling (although some traders might contribute to this opinion) or if you trade for a living then you should definitely become a big shot millionaire in a short period of time. Usually they quickly get bored with the details. But generally I’m quite amused by such conversations :smiley:

“(Although some traders…)” argh you saw those exchanges oops.

Question, if you trade for a living should you eventually be a big shot millionaire or is it ok to be the trading equivalent of a mum-and-pop shop.

Haha I sure did… :smiley:

Well, I don’t think that there is a certain answer for that. I guess this depends on you. This is the opinion of the majority of non traders but if you’re capable of becoming a millionaire, why not? However this should take a lot if years and will be very hard to achieve, not impossible but really hard. On the other hand, it’s not necessary to strive to this goal. If you’re happy and satisfied with your profits I think it’s absolutely ok be the mum-and-pop shop :smiley: It’s strictly individual. At least this is my opinion :slight_smile:

Sometimes I do, sometimes I don’t. Non-traders are just like traders - they have all sorts of different interests. Some of them are interested to hear what I have to say about trading, they ask me questions, even like to watch me trade, which I don’t mind, others I know wouldn’t have any interest.

I find people who aren’t traders only appreciate three types of financial activity - investment, gambling and wheeler-dealing. Anyway, being English, talking about money with anyone except my bank manager brings me out in shingles.

You can get vaccinations against that, these days … but I suppose they might not quite have got as far South/West as Devon, yet … :33:

It’s a funny and strange habit because Britain is obsessed with monetising everything through discussions in news or other information channels that are constantly bringing calculatons in Pounds to most topics; yet when it comes to talking about one’s own money matters, somehow it becomes taboo.

I have always found it easier to tell people what I earn when talking about my job than not, and indeed it is refreshing to know that there a few people like me, who are not embarrassed to briefly discuss their earnings…

That is just a very personal viewpoint…everyone is entitled to not discuss something that they wish to keep a secret: I just do not like to pretend, or to feel that I have to lie about my (rather average) earnings, so I just lay it out there and leave it for people to reciprocate or not. Given that money is an impersonal function and does not define me or my culture, I do not feel protectiive about what I earn: indeed, I have no issues telling people about my time chased by debt collection agencies and standing in the dole office after I lost my job in late 2008.

It is somehow seen as distasteful by some, but again talking about your own earnings in a respectful (rather than arrogant or self-pitying) way is to my eyes a sign of openness and humbleness.

With only one good road in and a railway link that’s sometimes under the sea contact with up-country is a slow process. Its only in the last couple of years we’ve had the road into THE airport made two lanes so now a car and a tractor can pass by without one giving way.

Lol, I admit I did stop for the cream tea when I drove through on my way to/from Cornwall … can’t remember now whether the jam or the clotted cream goes on the scones first … :8:

Jam up your scones first and then clot up your arteries :slight_smile:

I was thinking that might be in Cornwall … and in Devon it’s cream first, then jam? :33:

Look, this is really important to get right. Its cream first, then jam. The only exception is if there’s also butter, in which case its butter first, then jam, then cream; but with a good scone butter is not needed. Eat while scone is still warm or before heart attack, whichever is the sooner, as PipMeHappy implies.

PS: There’s no vaccination for being English.

…or Scottish

…or any nationality…

…thank goodness…

:slight_smile:

I know … I’ve been here nearly 9 years, now (doesn’t time fly when you’re enjoying yourself?) but I’m still an immigrant … :8:

Emigrating and immigrating…

but never grating…

:slight_smile:

I talk to people about trading all the time but I always emphasize that most people loss money and no1 can promise you they can 100% predict the market. It’s actually really hard and stressful.

Maybe that’s the problem, trying to predict the market or take a directional bias. Most retails traders will not be equipped with sufficient data to make those calls, especially really short term.

Exactly most people see the profit and think anyone can do it. That’s why I always refuse to trade other people money. It’s a completely different mindset.