Life expectancy of a Trader

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At what age do you expect to be still betting/trading on an exchange ?

Over 80
10
31%
Over 75
2
6%
Over 70
12
38%
Over 65
2
6%
Over 60
6
19%
 
Total votes: 32
sniffer66
Posts: 1680
Joined: Thu May 02, 2019 8:37 am

LeTiss wrote:
Mon Oct 04, 2021 11:09 am
Blimey, Peter.....is there any aspect of your life you don't have algorithms for, or statistical analysis?

I imagine you even store data and charts for when you and Mrs W have intimate moments :lol: :lol:
A smart watch/Fitbit makes for interesting reading after a...err...session. If it lasts long enough for a meaningful data sample ;)
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alexmr2
Posts: 766
Joined: Wed Sep 26, 2018 12:32 am

I think all the pro traders should retire now to enjoy life and give some of us millenials an easier slice of the pie whilst passing on your strategies :)

I started just before my 26th birthday and it's almost my 29th. Still not profitable and struggling despite putting in a good couple of thousand hours+ effort. I do worry that I've missed the boat and my journey never comes to anything but here's hoping the opportunities are always around and I find something eventually.

If I was profitable I would be happy to spend most of my days on it but making sure to take time off when the opportunity arises. I think one of the worst things in life must be for a workaholic to look back once it's too late, regret missing out and the realisation that money isn't that important/correlated with happiness.

It's a bit like deciding what age to start spending your investments, do you take the money to enjoy life before you get too old or do you hold on for another 10 years to retire more comfortably?

There is definitely a balance to be managed which trading allows more control over than most other jobs, but I also understand there's a constant need to make hay while the sun shines in case one day it stops. Not everyone has something else to fall back on and people like Derek need a lot of money to pay for their new Range Rovers, holidays to the Saez Canal and country club memberships :lol:
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Derek27
Posts: 23673
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

When I saw the title I thought the question was when will we die!

No guarantee I'll make it till 80 but as long as I've still got my marbles and am enjoying it I'll be trading. Can't imagine what else I'd do with my time. :)
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decomez6
Posts: 685
Joined: Mon Oct 07, 2019 5:26 pm

i hope to find the fundamental truths to life and the meaning attached to it .
trading and betting has a hidden mathematical pattern that keeps me going back for more ,which is why i am fascinated by the number- 0- shape , meaning and its contribution to mathematics .( i am not a great number cruncher ,just fascinated by patterns)
i guess trading for me is just a side effect and i thoroughly enjoy the idea of coming up with a new trading idea that is so harmoniously flawless with nature itself.

till death do us part :o .....so bring me some happy........ :mrgreen:
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firlandsfarm
Posts: 2720
Joined: Sat May 03, 2014 8:20 am

sniffer66 wrote:
Mon Oct 04, 2021 10:57 am
55 and just retired. Hope to be doing this still at 80. As well as being a hobby I'm really interested in, it's a way to keep my IT skills honed and hopefully ward off any chance of dementia. There's an old quote that staes the brain is like a muscle, don't use it and it will atrophy like any other muscle.

I also dance regularly, gym and juggle so I'm hedging my bets (pun intended) :)
Maybe juggling your bets? :)
sniffer66
Posts: 1680
Joined: Thu May 02, 2019 8:37 am

firlandsfarm wrote:
Tue Oct 05, 2021 9:02 am
sniffer66 wrote:
Mon Oct 04, 2021 10:57 am
55 and just retired. Hope to be doing this still at 80. As well as being a hobby I'm really interested in, it's a way to keep my IT skills honed and hopefully ward off any chance of dementia. There's an old quote that staes the brain is like a muscle, don't use it and it will atrophy like any other muscle.

I also dance regularly, gym and juggle so I'm hedging my bets (pun intended) :)
Maybe juggling your bets? :)
It's a quick step to weight until I've juggled my bets ;)
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Black Ice
Posts: 258
Joined: Thu Nov 06, 2014 12:35 pm
Location: Newmarket Suffolk

sniffer66 wrote: ↑
Mon Oct 04, 2021 10:57 am
55 and just retired. Hope to be doing this still at 80. As well as being a hobby I'm really interested in, it's a way to keep my IT skills honed and hopefully ward off any chance of dementia. There's an old quote that staes the brain is like a muscle, don't use it and it will atrophy like any other muscle.

I also dance regularly, gym and juggle so I'm hedging my bets (pun intended) :)

Definitely agree with this! It undoubtedly keeps the brain muscles active...making constant decisions...though I'm now into in play. I'm 78 with start of Parkinsons...physically failing...well from skiing etc...but brain still sharp....or as sharp as ever was (not very!!)...but defo credit BA with keeping me going....a new challenge to tackle every single day....& something to look forward to.
sniffer66
Posts: 1680
Joined: Thu May 02, 2019 8:37 am

Black Ice wrote:
Tue Oct 05, 2021 10:45 am
sniffer66 wrote: ↑
Mon Oct 04, 2021 10:57 am
55 and just retired. Hope to be doing this still at 80. As well as being a hobby I'm really interested in, it's a way to keep my IT skills honed and hopefully ward off any chance of dementia. There's an old quote that staes the brain is like a muscle, don't use it and it will atrophy like any other muscle.

I also dance regularly, gym and juggle so I'm hedging my bets (pun intended) :)

Definitely agree with this! It undoubtedly keeps the brain muscles active...making constant decisions...though I'm now into in play. I'm 78 with start of Parkinsons...physically failing...well from skiing etc...but brain still sharp....or as sharp as ever was (not very!!)...but defo credit BA with keeping me going....a new challenge to tackle every single day....& something to look forward to.
Curious if you've tried CBD, smoking weed etc with the Parkinsons ? Seen and heard some good things re the effects
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gstar1975
Posts: 627
Joined: Thu Nov 24, 2011 11:59 am

Euler wrote:
Mon Oct 04, 2021 11:05 am
I read a book called, the hugely exciting, "Algorithms to live by".

It more or less said that if something has been going for 20 years they you should assume you are probably in the middle of it's life. It's unrealistic to expect to catch the very start or end.

It offered various mathematical proofs but pointed to the distribution to truly understand expected life.
Horse Racing has been going for Donkeys years :D
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gstar1975
Posts: 627
Joined: Thu Nov 24, 2011 11:59 am

Euler wrote:
Mon Oct 04, 2021 11:23 am
LeTiss wrote:
Mon Oct 04, 2021 11:09 am
Blimey, Peter.....is there any aspect of your life you don't have algorithms for, or statistical analysis?

I imagine you even store data and charts for when you and Mrs W have intimate moments :lol: :lol:
Standard deviation for that is getting a bit wider as I age.
I knew it! Girth is better than long..evity.
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trad1ngbull
Posts: 34
Joined: Thu Dec 06, 2018 5:55 pm

LeTiss wrote:
Mon Oct 04, 2021 10:37 am
If I'm still trading at over 60, I'll be delighfully surprised!!
I have serious concerns about the Exchanges long-term
Can elaborate on your concerns, LeTiss?

Best
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gazuty
Posts: 2547
Joined: Sun Jun 26, 2011 11:03 am
Location: Green land :)

Euler wrote:
Mon Oct 04, 2021 11:05 am
I read a book called, the hugely exciting, "Algorithms to live by".

It more or less said that if something has been going for 20 years they you should assume you are probably in the middle of it's life. It's unrealistic to expect to catch the very start or end.

It offered various mathematical proofs but pointed to the distribution to truly understand expected life.
Reminds me of this -https://www.vox.com/the-highlight/2019/ ... chard-gott.
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