Trading For a Living ... Without Being a Trader

My Daily Blog is at: http://investorandtrader.blogspot.com/

My channel at BlogTV is: http://www.blogtv.com/People/Airelon

My Podcast is at: http://airelon.podbean.com/ and embedded in the daily blog.

The Blog Entry that Accompanies this Vlog is at: http://investorandtrader.blogspot.com/2008/12/trading-for-living-without-bein...

On December 4th's blog entry, I had a discussion on the need to "Be a Trader".

This sparked some good discussions at through emails, pm's, comments and at YouTube.

A few folks raised a point that I had not thought of, which is:

"But Dan, I don't want to be a trader. My personality? I like to make things. I like to produce assets."

Which is completely understandable. The world could not exist, if everyone wanted to do what I do for a living. So I decided to have some follow up thoughts in the following vlog entry on exactly what I meant. What do I mean by "Be a trader, without trading for a living"? What do I mean by 'have the mindset of a trader'? I figured I should have some follow up comments ...

NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance. Included Music is by Paul Young. A personal friend and is not a part of any music license, recording label, etc

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Education

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[VivaMydick]

Dan what do u think of GM stock ? earning per share a minus $ 19.10 :) divident 24.27 % paying $1 per share .Good buy ? Goverment will not let them collapse , will they ?

Never seen anything crazier than thet .

[AirelonTrading]

Honestly ... I'm not going near the auto's right now, no matter how good the numbers look. I own a little Ford from $6.55 from years ago, but I'm going to dump it as soon as is profitable.

I just have this strong aversion to mercantilism. There's money to be made there, but I'm looking elsewhere.

:)

As far as stocks right now? I'm waiting to see how bad deflation will get, and then I'm really, really itching to add more JNJ to my DRIP portfolio.

[AntiBullS]

if money is debt ,then why everyone wants to have more of it ? Does not make sense . We must get rid of these money changers or they will destroy enslave and degrade all of the humanity .

[AirelonTrading]

I think there is a really, really good reason why Jesus went after the money changers and the userers inside the temple, driving them out.

:^)

[fielddean]

I use Barchart.com too. I think it is good.

[afurrypanda]

i am a really good currency trader. i just pick a random currency and i usually win, its not investing its gambling, but hey its fun.

[AirelonTrading]

A-freaking-men to that man. Amen.

[AntiBullS]

where did they go ?Disapppeared ? hm ,interesting . How is that pissible ? So they just added more debt to taxpayers ? Printing money was just a cover up ? what a criminal system that is .This civilization of people is retarded .Godless egoistic money hungry bastards

[AntiBullS]

taken from Forbes magazine | A quick dollar devaluation would work wonders for submerged borrowers Dont kid yourself: It could happen

[AntiBullS]

By Jon Markman

If 2008 often felt like a nauseating but endurable ride, as government and banking authorities grappled with unseen forces that rocked the investment world, then 2009 will be the year that distress becomes so great that investors actually lose their stomachs

The past year may have been about the loss of confidence, but the coming year will be about the loss of hope