Going by the way Iām literally addicted to it right now, saying that I would still be trading with my dentures on, would by no means be a stretch.
For how long have you been trading already?
Evolution has a slightly different view of that particular bargain ! - When we have children - Evolution demands that we sacrifice to turn them into adults capable of doing their best in the world - Just as our own parents did for us.
[ANd even that commitment is nowadays becoming more and more ādiscretionaryā ]
Iām pretty sure that there is no reciprocation demanded of our children - except to rear their own children - In fact in many societies the old, when they become a burden - just wander off and sit under a tree or on a mountain top - to wait for God ! So I wouldnāt expect them to keep you in idleness and luxury in your dotage mate 
I hit 70 next year and assuming the Bat-Flu doesnāt get me - Iāll still be āat itā as long as I remain interested - else Iāll wander off and find something New to do !
1 Like
I will be still trading at 70, but of course I will be obscenely wealthy by then. Bwah hah hah!
Donāt forget the folks you spent time with on the forums now! Especially one thatās named ponponwei
1 Like
It depends if you start trading after 65 , generally everyone gives up before 5 years, losing money is not so funny.
Hopefully if weāre still trading after 65, weāre trading a ton of SPARE cash lying around and not our life savings. 
2 Likes
Ha, thatās a very good point!
Could be, depends on how much money I already have
1 Like
I think most people, including myself, would like to trade at 70 years of age if our body and mind would permit it.
2 Likes
Which is why we gotta take care of them NOW. 
3 Likes
There is really no better way to put it.
@Mondeoman Although Iām late to reply, I feel compelled by such an honest answer for a trader. After reading some of your replies in other posts, honesty seems to be your strong suit. A question for you Mr. Mondeman: Have you ever been profitable enough where you were able to quit your day job? If not, was lack of capital the issue or was is lack of a successful strategy?
Yes it did take you a long time to ask this question, but I went through my previous replies and here is an update. I moved home about a month ago. Something I thought I would never do. 18 months ago my wife passed away, totally unexpectedly, but that is how life deals with the plans of mere mortals. My two sons still live with me and have been very good to me since the loss of their mother. Since her death, many of my lifeās goals changed. To answer your question, it seems that our future costs are going to be about half of what my previous calculations were, I have not worked since December 2023, and although I intend to, it does not seem to be something I need to be concerned about in the short term. Our property portfolio has improved in its cash flow over the past 12 months to the tune of more than an average UK wage, we have no debts, no car loans, and I see us, as a family unit, being able to āsurviveā on net asset income. Whilst we do not wish to only survive, it is a feeling of comfort that I have not experienced in my working life. I am 69 later this week, and it is an unusual feeling to be able to do whatever you want to do for 5 or 6 days per week. Two examples. My sister flew in from Australia on Sunday, so I just went to pick her up (a 30 minute drive), take her shopping and have lunch with her, and return her to her hotel. A close friend came back from holiday yesterday. I drove 30 minutes to have a coffee with her and dropped her off at a tram stop. She has free use of Manchester public transport now she is over 65. I have taken to reading the Old Testament, after which I shall read the Bible, then the Quran. Iāve always wanted to do these things but ānever had timeā. I guess the short answer is that I am profitable enough to have quit my day job, but I will most likely return to some form of IT work because I enjoy it. Right now in the UK and Europe, there is far less demand for conventional old school project managers, so I have been taking some Udemy courses looking, yet again, to know what I want to do when I grow up.
5 Likes
Love your post. Itās about reality: real life with all its ups and downs (and please let me say Iām sorry for your loss).
As to my ageā¦ I had always been thinking I was the rare bird in the trading world and I thought every trader was much younger than me. Turns out, I was wrong. Iām a baby child: Iām 58. So funny!
And sure, I too see myself trading when Iām 70 (and more). Iām so grateful I discovered trading only a few years ago, I know too many people my age saying the best of their lives is behind them. I do sincerely believe the best is yet to come.
1 Like
Thank you for your reply and sorry for your loss, something we all face. It seems that you talked about non-trading sources of income which is wonderful, glad you are living to work and no longer working to live, like most of us do. I am not sure if the question was answered in your previous post, but have you been able to make near your salary strictly from trading futures, forex, etc.? If so, around what percentage of your yearly salary are you making just from trading income?
Hi, thanks for your condolence. I can answer your question about profitability of trading, that being restricted to gold, silver, forex and crypto. The crypto being the shortest and most profitable over the short term. I have not had a conventional āsalaryā for about 30 years, but have chosen to pay myself a basic wage and a dividend from our UK consulting company that ensured my wife and I never paid over 20% income tax in the UK.
Most recently, in March this year, I transferred all the funds I ever invested in crypto back to fiat via our UK bank account. The residual funds left in crypto are more than we took from fiat when I first invested in crypto. So that is a Yes.
Last year, I started to disinvest in gold. I have no idea what our average buying price has been over 35 years, but for the first few years it was about $400 per ounce. Disposals have been between $1,800 and $2,000 per ounce. So that is also a Yes. Over the past five years we have sold 7 investment properties, and (due to the rapid increase in rents since Covid), we have the same gross income from property letting than we had before selling the 7 properties.
In gearing down our investments, despite having suffered short term rapid cost increases, those overall costs are reducing, and continue to reduce, as we readjust our portfolio. We still have a load of commercial debt but it is far less than at peak, and far more manageable into the future.
My investment and trading decisions have never suffered from lack of capital. And it appears that our overall strategy was well thought out and diversified. Like most other people in business, I have experienced some events that with hindsight I would have preferred not to have been party to, but without the losses, there is no appreciation of the gains.
Most memorable:
Spanish property investment - direct and indirect losses approximately 200K Euros (2008 global property crash and cessation of all building in Spain - my tenants were builders)
Holding on to a loss making trading company in Dubai and paying wages of staff for 10 years - direct and indirect losses approximately 400K USD. The war in Syria has lasted 13 years when almost everyone predicted it would not last more than 3 years.
Both these events were outside my control. We are still living and eating. 
1 Like