Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

Accepted As A Trader/Speculator?

Recommended Posts

Does your family, spouse, gf, or friends accept or support you as a trader? This is a profession unlike many other professions. Most naive people will assume we are gamblers with a unstable income.

 

Also for some reason chicks dig investment bankers over traders. All comments are welcome! :)

Share this post


Link to post
Share on other sites

I think, like many Traders / Speculators, I find that my family and friends do not know exactly what we do.

 

Until you have actually traded the markets yourself, it is difficult for people to appreciate the nature of Trading / Speculating.

 

However, I do find that my family dont mind spending the profits, yet they dont seem as keen to share in any losses!! Well, thats life.

Share this post


Link to post
Share on other sites

Unfortunately I do not think Trading / Speculating will ever be recognised as a "proper" job.

 

For those who have no experience, it is seen as a rich mans form of gambling. For those who have done trading, it is a way to pit your wits against other market traders, and try to stay one step ahead.

 

While my family loosely understand what I do, they do not ask an awful lot of questions. Unless someone has a real interest in trading, and the markets, there is no point trying to teach them. It is in the blood.

Share this post


Link to post
Share on other sites

I also have the same problem.

 

1. The family are clueless of what I do and are not supportive. They continue to tell me to find a job.

2. My friends are supportive but are absolutely clueless.

3. Strangers I meet are absolutely clueless to a point I have got tired of mentioning I am a futures trader.

4. GF's tend to think I am a gambler.

 

But honestly... who cares?

Share this post


Link to post
Share on other sites

I actually asked my fiance that question just now, and she said, speaking of that why are you writing on the forum and not studying trading?

 

so I guess that is a yes. lol

Share this post


Link to post
Share on other sites

My wife and eldest daughter describe me as a futures trader.

 

Thats defined as someone who spends a few hours a day trading the Hong Kong markets (sounds cool to Aussies apparently) over the internet and makes a lot more money than the wife.

 

My youngest daughter describes me as unemployed, useless or a bum, depending on her mood. She's 16 so that's as good as it gets currently. :)

Share this post


Link to post
Share on other sites
Make sure your fiance knows that there is plenty of trading education here in the forums. ;)

 

HA HA YEAH REALLY SOUL.

 

I told her this is where we get together to discuss the markets, compare notes and otherwise learn...which is true! lol:p

Share this post


Link to post
Share on other sites
My wife and eldest daughter describe me as a futures trader.

 

Thats defined as someone who spends a few hours a day trading the Hong Kong markets (sounds cool to Aussies apparently) over the internet and makes a lot more money than the wife.

 

My youngest daughter describes me as unemployed, useless or a bum, depending on her mood. She's 16 so that's as good as it gets currently. :)

 

Hi Kiwi,

 

Im curious to know why you decided to trade Hong Kong stocks?

Also if one was to get started in this market, do I need to open an account with a Hong Kong based firm?

 

thanks

Share this post


Link to post
Share on other sites
Hi Kiwi,

 

Im curious to know why you decided to trade Hong Kong stocks?

Also if one was to get started in this market, do I need to open an account with a Hong Kong based firm?

 

thanks

 

I'm in Oz and didn't enjoy trading in the evening (Euro and European futures). Add to that an absolute abhorrence of trading after midnight so I needed something in Asia. When I started the SGXNK wasn't available so I decided to try the HSI. Eventually it stopped taking money and started returning some so its my market now.

 

Also, it has the best hours of anything ... 11:45 to 14:30 for the initial session and then 16:30 until news and drinks time for the second session.

Share this post


Link to post
Share on other sites

Here's the reaction when people ask me what I do. I tell I'm a trading system programmer and sometimes a trader. As soon as I say it, silence takes over, and then conversation moves on to some other topic. If they bother to ask, I think they'd be bored to death listening how prices moving up and down.

 

Other times, I'd tell them I'm a programmer, another silence. I try to simplify things but still get blank stares. The only they know is a guy sitting in front of the computer all day. But surprisingly, they notice I have a lot of free time, never stick to a fixed schedule and always seem to show up picking up and drop off my kids, at many school events, most times with a 3-day stubble in jeans and t-shirt. Personally, I think they think I'm a bum or a liar. Suits me fine. This keeps the fakes and wannabes out of my path and sincere and honest people coming who bother to find out what I really do ;). That's one thing I try to instill in my kids is things are never what they seem.

Share this post


Link to post
Share on other sites

ha ha nice quote torero.

 

I agree, people just don't have the ability to grasp what a trader is, or they have this preconceived notion that everyone that trades is some crazy maniacal gambler or something, like it's the 1840's Gold Rush or something. It's funny how people react when you mention trading.

Share this post


Link to post
Share on other sites

haha.. yea I gave up telling people I am a futures trader. The usual reaction is "What?" Then I tell them I trade commodities.

 

Then their response would be what kind of commodities? I tell them index futures. :p

Share this post


Link to post
Share on other sites
haha.. yea I gave up telling people I am a futures trader. The usual reaction is "What?" Then I tell them I trade commodities.

 

Then their response would be what kind of commodities? I tell them index futures. :p

 

 

ha ha ha I seriously was laughing out loud about that...it is such a realistic conversation. ha ha

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.