thread: Isnt a service career more satisfying then trading?

I have been trading for last 3 months live. I am a student hoping to develop into an internal auditor. I feel service career is more gratifying then a trading profession.

I am trading alone in my room sitting in the front of the PC for 8-10 hrs per day. Trading does not involve any social skills, no friendship ring (such as office buddies ), no value improvement, no career skills.

At a ceremony career, I'll interact with so many office buddies, will have a well defined career, can see different places for assignments and will have entire satisfaction and better lifestyle balance.

Which are the perspectives of other traders and total time occupation holders?

That is the attractiveness of service livelihood - Expected particular salary.

I'm thinking to enter workforce in the year 2010 and rise to leadership position by 2020 in my choosen field of internal auditing.
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The attractiveness of a service career - Guaranteed to become jobless by 40 as younger and cheaper meat come to the daily grind

Never quite making the leadership position by 2020 and having young 20 year olds telling you that you have no future in the company.

The attractiveness of an agency career - Guaranteed to be unemployed by 40 as younger and cheaper meat come to the daily grind

Never very making the leadership place by 2020 and then having young 20 year olds telling you that you don't have any future in the corporation.

Death and taxes are the only thing Guaranteed in this life. LOL

move greater from executive to supervisor to director position.

Right. Keep on a path of improvement as you proceed, and requiring responsibility that is greater. You will remain valuable and an advantage like that.
Most who end up shit-canned are dead weight.

I am working full time plus investing in part time. And I never imagine to become a supervisor or manager. Among the supervisors do trading part time. We can't wait to perform trading full time.

I am not an 8-hour-a-day trader. I spend few minutes daily to trade. That's why I prefer to be a complete time trader.

The international GDP at the start of year 2000 was $32 trillion .

The international GDP at the end of year 2009 is around $60 trillion approx.

From year 2000-2010, the world added $28 trillion products and services.

A person who entered the workforce at the start of year 2000 should have progressed in career in past ten years since GDP growth creates new jobs in services, manufacturing and agriculture.

That is the attractiveness of service livelihood - Expected certain salary.

I'm thinking to enter workforce in the year 2010 and rise to leadership...

Just how much of that GDP growth was because of the increasing mortgage backed security market? My numbers say ~30%

The international GDP at the beginning of year 2000 was $32 trillion .

The international GDP in the end of year 2009 is approximately $60 trillion approx.

From year 2000-2010, the planet added $28 trillion products and services.

A person who entered the workforce at the beginning of year 2000 must have progressed in career in past ten years because GDP growth creates new jobs in services, agriculture and manufacturing.

This is the attractiveness of service livelihood - Expected certain salary.

I am thinking to enter workforce in the year 2010 and rise to leadership...

you're looking at the service industry through some rose-tinted glasses, especially given what's occurred within recent years...

Kingfisher,

This statement says it all This is the attractiveness of service career- Expected particular salary.

So that you are not really looking for the other things you mentioned such as office friendships etc but rather money as is everyone else here. In your case you would prefer certainty. I can understand that. It's not exactly what I subscribe to but it's an aim and the standard.

Expected specific wages, guaranteed pension, etc will have it attractions. You also say that you wish to be an auditor. I have two uncles who are auditors at banks. It's all about controllers, risk aversion etc and it's not a career for someone with an entrepreneurial bent.

I've grown companies very fast and to very large numbers (100 workers to 3000 workers, $20million revenue to $800 million revenue) and it's all about the entrepreneurial spirit. At the exact same time I've had numerous people who worked with what I could call an auditor bent. They were quite valuable and extremely important to me but they couldn't and would not have the ability to grow the company.

Among the very important things in life is to realistically evaluate who you are, what your strengths and weaknesses are, to play with your strengths and to surround yourself with others who can shore up your weaknesses. I believe that you have realistically assessed who you're... an internal auditor however you have not fully understood what that may indie.

You might become a fantastic trader with an extremely mechanical system and you'd be ruthless about following the rules however you'd have issues with losses and might become paralyzed by over analysis.

I don't know your background but in addition, it appears that you have a cultural prejudice to a service livelihood. This can be strongly seen in the Indian sub-continent or in several instances where the British schooling system is the main schooling (yes I know that I am stereotyping here and I apologize in advance to the global community..coincidentally both of my uncles who are internal auditors are English while I am Canadian).

So to this question which you raised with your first post. . .isn't a service career more gratifying

Off course it's more satisfying to someone who is attuned to it. Is to a musician, as building bridges is much more satisfying to a engineer or producing music.

There are individuals who trade because it's more satisfying..there are individuals who trade for the cost. . .there are individuals who trade because if they did not then they would find excitement in gambling or any other other vice..there are as many reasons why people trade as there are many people.

Now you just need to loe your reason why you trade. Weigh that reason off against everything trading brings to your life and see whether it's well worth the effort. If it isn't then stop trading and invest the time and intellectual capital ( in addition to real capital) into something which you deem worthy.

You only have so many breaths on your lungs... do not waste some doing something which you do not wish to do.

Kingfisher,

This statement says it all This is the attractiveness of service career- Expected particular salary.

So that you aren't really searching for the other things you mentioned such as office friendships etc but rather money as is everybody else here. You would like certainty over uncertainty. I can know that. It's not what I subscribe to but it is also an aim that is acceptable and the norm.

Expected specific salary, guaranteed retirement, etc will have it appeals. You also say that you wish to be an auditor. I have two...

Thanks Flyer. Yes I happen to be attracted in British culture and UK market is a service market. So pupils hope for great work in service sector.

I salute your entrepreneurial spirit. It's an excellent accomplishment.

Internal auditing is a boring profession using lot of paper work but at the close of the afternoon, it will keep me occupied, will cover my bills, will help me to network with office friends, will improve my confidence and as international economy develops, my career can grow.

Your reply was an outstanding reply and thank you very much for your prized guie.

How much of the GDP increase was due to the increasing mortgage backed security market? My numbers state ~30%

Thats frightening. World is loading debt to induce expansion!

US GDP in the end of 2000 was around $ 7 trillion. It had been $14 trillion.

So, you mean to say US expansion was artifical by taking loans up.