You Call Yourself A Professional Trader ?

By | July 21, 2015

You know you’re a lyin’ lowlife, motherfuckin’ gamblin’ degenerate prick? You know that’s what you are? – Nicky Santoro in Casino (1995)

Trading seems to me to be the only career where anyone can claim to be a professional without being challenged. Just think for a second. It’s actually against the law in most countries to go around calling yourself a doctor, teacher or a lawyer without having the required credentials. Not so in trading; we’ll just take one’s word for it.

Also unlike other occupations, it seems to me that anyone who dabbles for a while with anything even remotely associated with trading and finance can call himself a professional trader. It doesn’t matter that you’ve worked in sales or as a journalist, in order to attract gullible people to whatever you’re selling, you can call yourself a professional trader. Who’s going to say that it ain’t so ? To realize how messed up this whole situation is, imagine how it would be if the receptionist in a doctor’s office would take it upon herself to treat patients.

I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. Typically, however, these so-called “experts” are not traders. Your average broker couldn’t be a trader in a million years. More money is lost listening to brokers than any other way. Trading requires an intense personal involvement. – Michael Marcus in Market Wizards

You wouldn’t put your health in the hands of a guy just because he says he’s a professional. You wouldn’t let a team of people build or redecorate your house just based on a handful of unverified testimonials. You wouldn’t learn how to fly a plane from a self declared expert with a nicely designed website. Then why treat trading any different ?

5 thoughts on “You Call Yourself A Professional Trader ?

  1. Maza

    I this a retaliation to fxkeys recent post? if so it would apear both parties have stooped to the same level good luck to both of you.

    1. JLTrader Post author

      This has nothing to do with fxkeys. I wasn’t even aware of the post you’re talking about until I saw a link in the comments. But for your information, when you’ll see me use a fake name and picture and write the kind of lies I debunked in the 2 articles about fxkeys, only then should you say that I stooped to the same level.

  2. Pedro

    That quote from Casino is spot on ! I can picture Joe Pesci delivering that line to the likes of Nial Fuller, Chris Capre and the rest of so called professional traders :))
    The public should question more and not take everything these guys say at face value


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