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You wrote, "At that point you can start your own business. IMHO the truly smart folks start building their own business from the start .... " This might be great an all in THEORY. The All American entrepreneurial dream and that's what I'm pursuing. But how does one start a biz if you have...

The pay is kinda peanuts in the beginning. It isn't all that in the beginning in the institutional world. Here are 1st yr salary figures, not including health benefits,etc.: 1) BS/BA : $45K-50K base +bonus probably runs to 75K-80K max 2) MBA - $75K-$80K base+bonus totalling aroung...

StuckeyBowler, I still think you should go the normal path. It's SAFER and more REALISTIC. I went to a top school. Then worked on the Street. Then worked on buy side. Then a quant firm. And now doing prop trading. But before prop trading, I spent FIVE years in the institutional world...

Yep, I know economic news is important. But I've seen this over and over. With enough experience, TA, market feel over time, you sometimes feel things before they even happen. Like I was about to re-short, but I remember that's NOT my EXACT SHORT SETUP. And I shold be disciplined and not go...

Well, it's very DIFFICULT to say who makes the "best" traders among a pool of candidates. I think the BEST CANDIDATES are those with the RIGHT EMOTIONAL MAKEUP. Education does very LITTLE to contribute to trading success. But it's the way it works. I-banks on the Street just hire Ivy League...

HOLY COW!! ZN SPIKED up like 16 tics in 30sec!!! And then keep on pushing. So, Fed is going to cut it big huh? What's the news here guys? Luckily I've gotten out my shorts earlier today. And I was looking to re-short but then I didn't have time. WHEW! Because I saw YM tanked then I...

agora, I got GOOD NEWS! If you have been reading my recent postings on the other threads (Bond Futures) and (Straight Up Tomorrow), I've been IMPROVING a lot in the futures market. I've finally crossed a critical threshold! Whoohoo! I hold many futures contracts with the same calmness that I...

This is what you guys were looking for. --------------------------------------------------------------------------------- The Brain Drain Monday June 16, 11:24 am ET By Jonathan Hoenig This article was originally published on SmartMoney Select on 6/09/03. WHY AREN'T THE most...

Yeah, I shorted the ZN. I don't think there was 20 ticks upward movement in ZN. Maybe in the early early morning.

Yeah. People are freakin unbelievable. I shorted heavily on Friday. And today I went LONG! VERY LONG today! You gotta be flexible when you daytrade! Everyday is different day. Treat it that way and you'll make a killing in daytrading. Swing trading is different. So is position trading. But...

I've been trading both ZB(30yr) and ZN(10yr). Very liquid and very nice to trade! Plenty of liquidity! Today, I just got 20 ticks profits on ZN! Pretty awesome I think. so, which one do you trade? ZB or ZN? or do you trade YN?

JT, You got a really good point there. What I really want to know was did your trading discipline or acumen has improved or not. Not necessarily acct balances per se. I should have reworded the poll. Like what I noticed is that I've slowly gotten rid a lot of my bad habits like 1) not...

Here's a little survey in the form of an annual checkup of our trading progress. Just like we go to doctors every year for a checkup to see how our health is doing, I think it's good to do an annaul check up to see how our trading is doing as well. A year ago, I couldn't trade out of a...

MBA is the minimum requirement for most portfolio manager jobs and most jobs on Wall St. And now, even phds are min requirement for certain types of quant trading. Whether that kind of education actually help you trade or not is QUESTIONABLE at best. But he has to go for what the market(job...

Survey: Fund Industry Outlook Grim Sunday June 15, 8:07 PM EDT By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) - The world's fund industry, already battered by the bursting of the stock market bubble, is facing the prospects of seeing its profits sliced by...

Yeah, while I agree that you agree with me. hehe. I still think the VAST MAJORITY of the newbies traders/wannabes on this board should go get themselves a real trading job in the financial industry to learn the ropes for a few years before just blowing out their accounts just trying do this and...

Getting a job has NOTHING to do with high or low alpha! Luojun has an MBA. Investment firms regularly hire MBAs as entry level position in their firms. Maybe as an analyst or jr analyst or whatever. He can start out doing research etc. he doesnt' need to to have kickass portfolio. Firms...

Magna, that's good! Tell 'em as it is. Gotta lay down the ground rules and make everyone follow them. EVERYONE. Otherwise, there's no point.

I'm not familiar with Elliot wave theory or whatever. But that's a PRETTY LONG RANGE FORECAST to go to 2010?!! wow. How can anyone be that confident about long term forecast like that? But sometimes I do entertain very long term outlook. And the scenarios you painted are some of the few that...

hey harry, I guess it's the same in Europe as here in the US. Most ibanks on Wall St and big money managers only take Ivy League level educations. I know it's elitist. And it doesn't reflect anything about one's ability to trade. It's just the way it is. I'm glad I went to a top school, but I...