At what age, do u think you will still be trading ?
It may be a trifle complex, as a 25 yr old now, will probably see a v different betting landscape at 70, than someone middle-aged now.
Trading needs to be at least 25% manual.
Life expectancy of a Trader
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)
I also dance regularly, gym and juggle so I'm hedging my bets (pun intended)
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.
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.
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bennyboy351
- Posts: 332
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- Location: West Midlands, England.
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wearthefoxhat
- Posts: 3219
- Joined: Sun Feb 18, 2018 9:55 am
Easily aim for 80+, as long as I don't fall apart by then.
By then I expect micro chip tech to be directly input/linked to the cerebral cortex.
By then I expect micro chip tech to be directly input/linked to the cerebral cortex.
A smart watch/Fitbit makes for interesting reading after a...err...session. If it lasts long enough for a meaningful data sample
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
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
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
.....so bring me some happy........ 
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
.....so bring me some happy........ -
firlandsfarm
- Posts: 2722
- Joined: Sat May 03, 2014 8:20 am
Maybe juggling your bets?sniffer66 wrote: ↑Mon Oct 04, 2021 10:57 am55 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)