NexusFi: Find Your Edge


Home Menu

 





If you were offered one billion dollars to quit trading would you accept the deal?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Itchymoku with 10 posts (8 thanks)
    2. looks_two artemiso with 6 posts (20 thanks)
    3. looks_3 Zondor with 6 posts (3 thanks)
    4. looks_4 wldman with 5 posts (8 thanks)
      Best Posters
    1. looks_one artemiso with 3.3 thanks per post
    2. looks_two wldman with 1.6 thanks per post
    3. looks_3 GFIs1 with 1.3 thanks per post
    4. looks_4 Itchymoku with 0.8 thanks per post
    1. trending_up 13,993 views
    2. thumb_up 79 thanks given
    3. group 28 followers
    1. forum 72 posts
    2. attach_file 1 attachments




 
Search this Thread

If you were offered one billion dollars to quit trading would you accept the deal?

  #11 (permalink)
 
patidar's Avatar
 patidar 
Pergatory
 
Experience: Beginner
Platform: Smoke signals
Broker: Two cans on a string
Trading: Drums
Posts: 116 since Jan 2014

Take the money....and give alot of it away. Set up a foundation.

Mostly for Env causes,education,medicine and the welfare of children....all this all over the World.

Just call me mini Mr Gates.

John D. Rockefeller said over a hundred years,Lord why did you give me all this money? I just want a little more than I need.

https://en.wikipedia.org/wiki/Rockefeller_family

<<<<this is the only way I will get out of Pergatory,you know how many Wall street scum are down here?
Get me out of here.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
Trade idea based off three indicators.
Traders Hideout
Better Renko Gaps
The Elite Circle
Quantum physics & Trading dynamics
The Elite Circle
Cheap historycal L1 data for stocks
Stocks and ETFs
 
  #12 (permalink)
 
Anagami's Avatar
 Anagami 
Bangkok, Thailand
Legendary Hedge Fund Trader
 
Experience: Master
Trading: ES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300

Yes, and I would take up poker. No, I would not accept another billion to give that up too.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
Reply With Quote
Thanked by:
  #13 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
Thanks Received: 2,316



Itchymoku View Post
Yes, what figure would you settle on?

IMHO, $10M would be suitable, don't want to be greedy.

...But I'd miss trading, regardless...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
Thanked by:
  #14 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


Itchymoku View Post
If you were offered one billion dollars to quit trading for life would you accept the deal?

This is a tough question that I've thought about recently because I consider trading as a lifestyle and an activity outside of it's money incentive. I'm curious how other people see trading.

I understand one billion dollars may be too stressful to deal with so the offer could stand at any amount less than that if desired.

You can't just sit on a billion. So you will have to trade it, invest it, put it to work some how.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #15 (permalink)
OneLot
Sacramento, CA
 
Posts: 5 since Dec 2013
Thanks Given: 1
Thanks Received: 6

Reminds me of a joke my high school English teacher told me.

"Would you sleep with me for $100?"
"Hell no! Get away from me! You're disgusting!!"
"Would you sleep with me for $1,000,000?"
S/he hesitated, then blushed a bit.
"Aha! Now that we know what you are ... let's get down to negotiating the price!"


And hell yes I'd take the money and run. Even if trading's absence leaves a hole in your life, you can buy a big can of Fix-All with nine zeros.

Reply With Quote
Thanked by:
  #16 (permalink)
Surprise
Amman/Jordan
 
Posts: 39 since May 2013
Thanks Given: 13
Thanks Received: 13

Yes

Then i will write a trading book : " They gave me one billion to quit" .

Reply With Quote
Thanked by:
  #17 (permalink)
 
quantismo's Avatar
 quantismo 
Waco TX.
 
Experience: Advanced
Platform: retired ...maybe
Trading: anything with the slightest edge..
Posts: 242 since Jul 2011
Thanks Given: 335
Thanks Received: 176

I would buy about $500 million worth of well built apartment buildings in decent neighborhoods and expect anywhere beween 5% - 35% yearly return on my investment, and then buy about 100 mill in gold and silver coins to be securly tucked away and use the remaining $400 mill to build orphanages all over third world countrys.

And o yeah Id play a heck of alot of Texas Holdem

Quantismo

Reply With Quote
Thanked by:
  #18 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097

No, I wouldn't.



Serious Side Q for @Anagami - Is Poker prevalent in Thailand?

SELF-EDIT:

Found an answer here:

https://usa.holdemrealmoney.com/thailand/

No need for an answer.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #19 (permalink)
 
Rachel's Avatar
 Rachel 
San Diego
 
Experience: Advanced
Platform: Private
Broker: private
Trading: CL future
Posts: 1,380 since Mar 2012
Thanks Given: 935
Thanks Received: 1,955

I heard a story once of a trader in the pit and he made 1 million dollars in a day.
He quit trading at the end of that day and all the other traders on the floor who also had big winnings, continued trading and lost their winnings. This seasoned trader who told this story said, that guy was smarter than the rest of us.

Personally, I like and love trading and it would be a complete head change for me.
I guess I would take the money and look to re-invent myself.
Probably, get into helping others but I would probably continue to trade in sim. LOL

Wishing you the best,

Rachel

PS Who I would help: set up college grants, help with education about GMO's, homeless, elderly, people living below poverty level, would buy property to grow organic food and provide jobs for farmers, build Green Living villages, also put some in Gold and silver. I have a cousin who is a multi millionare and he has someone who takes people's requests for help with anything. He has his guy check those in need out and if they are legit, he helps them. (My cousin does go to the Poker Tournaments. LOL) Would probalbly create jobs doing environmental clean up and if I wouldn't get myself on a hit list, look into funding alternative energy.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #20 (permalink)
 
PK 1's Avatar
 PK 1 
Kassel / Germany
 
Experience: None
Platform: MC
Broker: IB
Trading: CL/NG/ES
Posts: 72 since Aug 2011
Thanks Given: 128
Thanks Received: 62


No

.
.
.

I would ask for more
(joking)

In the end one has to ask if this is the main goal - getting rich -, at first sight for sure. But it's also quite challenging so leaving all behind, all that was exciting, made gray hairs and lots of fun. Saying yes and taking the bucks would mean to look for a replacement of all this.

Either way, being rational, my answer would be Y.

Reply With Quote




Last Updated on January 16, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts