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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Gush who wrote (2872)	12/22/2004 7:07:36 AM
From: Vendit™	Respond to of 8752

Gush, Do most of the people here trade as their primary source of income? (i.e. no day job) I honestly have never asked that question. If you click on the link in the thread header and read my bio you will see that I traded professionally for six years and then retired just as the market boom bubble burst in spring of 2000. I took the money and ran as Terry says. I was one of the fortunate few to cash out of the market with my winnings. I also sold all five of my businesses and banked the cash. Retiring at age 44 gets fairly boring after a while so I began to dabble in computer related programming and actually created a program that a fortune 500 company became interested in and bought from me. They hired me as a 1099 contractor to install the system on their local and then their New York and Nebraska offices. It basically took them to a paperless environment and in turn saved them $millions annually. All the while my market money was safe in the bank and the market continued to crash. Two or more years ago the market technically bottomed so I became interested in swing trading over day trading. That allows me to maintain positions in the market as well as be a 1099 contractor/programmer if I want to be. If I had to guess I would say the mix of people on SI who trade are 50/50 full time traders. Of the 50 who have some sort of day time job that trade have a lucrative position where they can access a computer and run some live data on their PC at work to keep an eye on any live positions that they have in the market. Reid