| Pagina's in het onderwerp: < [1 2] | New opportunities De persoon die dit onderwerp geplaatst heeft: Peter Motte
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B&B FinTrans
Germany
Local time: 05:46
Lid
English to German
| New oppportunities beyond translation in the age of disruption | Apr 10 |
Peter Motte wrote:
I was thinking: if Trump's tariffs block export to the USA, producers have to look for new markets.
Could this create new opportunities for translators?
If you're willing to take (controlled) risks and expand your perspective beyond the traditional translator's view, new opportunities could be yours, even in today's age of disruption. When the tariff chaos hit, capital markets reacted predictably. With hedging through short positions, savvy traders could have profited twice: once from the fall in stock prices, and again from buying the dip. The past week? A trader's paradise!
However, diversifying beyond translation by embracing opportunities in the capital markets requires a fundamental shift in mindset. If you're still clinging to the Marxist idea that "Capitalism is evil", you're limiting yourself. And, as much as it pains me to admit it, four years ago I would never have considered adding stocks from defense companies to my self-managed pension fund, let alone using them for day trading. But it seems that, at least in Germany, the era of self-complacent pacifism is behind us, perhaps forever…
[Edited at 2025-04-10 07:12 GMT]
| | | | | That spike in NASDAQ volumes | Apr 10 |
B&B FinTrans wrote:
The past week? A trader's paradise
Right before the 90-day suspension. Was it your job? Wow. I have one question: controlled risks—do they have to involve the use of inside information, at least in a market as volatile as azidoazide azide? I'm just a translator with a couple of years of trading-related training. Maybe your post constitutes an offer of financial advice, does it? I'm afraid I can't afford a financial advisor with inside information... Illegal? Oh, how sad
| | | | B&B FinTrans
Germany
Local time: 05:46
Lid
English to German
Denis Fesik wrote:
B&B FinTrans wrote:
The past week? A trader's paradise
Right before the 90-day suspension. Was it your job? Wow. I have one question: controlled risks—do they have to involve the use of inside information, at least in a market as volatile as azidoazide azide? I'm just a translator with a couple of years of trading-related training. Maybe your post constitutes an offer of financial advice, does it? I'm afraid I can't afford a financial advisor with inside information... Illegal? Oh, how sad
I don't want to stray deeper into off-topic territory here, but yes, I wish I'd invested more in that dip to ride the massive short squeeze this week. I'm sure there was a good deal of insider information and proactive long positioning going on behind the scenes.
But this is part of the "controlled" risk strategy: don't get too carried away, no matter how tempting an opportunity might look. Emotions can be dangerous (FOMO!). Always follow prudent money management, and for the sake of your portfolio, hedge your bets!
I'm not in my twenties anymore, so I can't afford to go bankrupt twice just to earn the title of "speculator" à la Kostolany.
I'm not a financial advisor, and I don't offer financial advice, but if you haven't been contributing much to the state pension Ponzi scheme, you can't just sit and wait for better times (which may not come). Nowadays, the capital markets are more accessible, more transparent, and packed with resources like never before. I can't help but wish I had today's tools 30 years ago!
| | | | | A few years ago, I could teach one a few lessons on prudent trading | Apr 11 |
All theory though, I never made anything workable out of it for my own use (for more than one reason). Have a start-up capital of $100k+? Welcome to the club; shop around for the best brokerage services and invest, hedge, manage, get rich (and use the latest tools). No schemes with leverages of 100–500, no forex, no binary options, nothing shady. On hedge funds, btw: at the time of my learning, they were simply not allowed to sell short, full stop. No way to get rich when the market is falling... See more All theory though, I never made anything workable out of it for my own use (for more than one reason). Have a start-up capital of $100k+? Welcome to the club; shop around for the best brokerage services and invest, hedge, manage, get rich (and use the latest tools). No schemes with leverages of 100–500, no forex, no binary options, nothing shady. On hedge funds, btw: at the time of my learning, they were simply not allowed to sell short, full stop. No way to get rich when the market is falling. One of my projects with my previous employer was get qualified leads for a company that helped Brits get endowment mortgage compensation. Poor folks were sold schemes where they'd only pay interest on their mortgage and all the principal money would go into an investment fund, so they were promised that, at the end, they'd repay their mortgage in full and have 10–30k left in free cash. The crisis hit, and many ended up with huge debt by the time they were supposed to own their property outright. Most endowment mortgages were sold by banks and building societies (hello prudent risk management).
My post was ironic, however. Some time ago, I lost all desire to make money out of thin air. I want to get money for creating something that makes a difference. When I'm no longer able to create translations profitably, I'll go and learn to make a difference in some other way. Far from claiming that capitalism is evil per se, but the current form of it must change. Blowing bigger and bigger bubbles feels wrong to me (what Trump and his team are trying to deal with by hectic efforts is that these bubbles are nearly all that's left from the U. S. economy). One thing that chimes in with what I wrote above is that I'm profoundly disinterested in other people's money. Can't stand listening to heartfelt stories about money in someone else's pockets. If I'm a bum walking past a Bentley, I won't stop for a second to look at a wad of dollar bills on its seat. Pretty freakish, I know. But being a freak is the only well-defined role I find for myself here ▲ Collapse
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Peter Motte 
Belgium
Local time: 05:46
Lid 2009
English to Dutch
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TOPIC STARTER | I'm not talking about investing | Apr 11 |
B&B FinTrans wrote:
Peter Motte wrote:
I was thinking: if Trump's tariffs block export to the USA, producers have to look for new markets.
Could this create new opportunities for translators?
If you're willing to take (controlled) risks and expand your perspective beyond the traditional translator's view, new opportunities could be yours, even in today's age of disruption[Edited at 2025-04-10 07:12 GMT]
I really didn't mean investing in some or other stock market, but trying to get a job as a translator in the new trade flows which will arise because some of the products will have to find other markets.
Investing in the stock market is a completely different beast.
[Edited at 2025-04-11 10:19 GMT]
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