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Kicking myself for getting drawn into this... The entire point of my comments were to put things into perspective. The OP needs to realize who he is competing against. He is competing against people that LOVE this business. I am very passionate about this business and i reiterate that i...

Dammit, this is the last time I post on this thread, but since I can't edit my post anymore I'll let everyone know that I realize I wrote "your" instead of "you're". It was a rare typo, darnit.

This number is meaningless as long as it doesn't take into account 401ks and other employer-sponsored savings programs. For example, I would appear to have a savings rate between 0 and 1%, but I max out my 401k.

I also like how "Big Brent" can practically insist that someone "earn his respect," but he can't spell or coordinate sentences worth a damn.

Wow, Brent, ease the fuck up, huh? First, trading is great. Obviously, I like it a lot since, well, I'm a trader. But let's not pretend you slinging a few contracts around is the equivalent of curing Cholera. It's a job, man. I went through a lot, too, to get into this business, but you...

You should switch one of your majors to computer science and learn to program.

LOL! This gets better all the time.

Holy crap! This thread is still alive???? THE MARKET DOESN'T CARE WHAT YOUR INITIAL POSITION IS!!! IF YOU THINK IT'S RATIONAL TO SCALE IN THEN YOU MUST THINK IT'S RATIONAL TO SCALE OUT!!!! lol!

LEARN TO PROGRAM!

People on this board are in love with the notion of financial collapse.

rosy, what do you think is the biggest hurdle to overcome in order to get good at writing realtime distributed systems? What's the hardest thing to learn? I'm asking because I was recently trying to arrange a syllabus for an independent study with one of my professors. I was thinking of...

Perhaps, but a person with good programming chops can compile market statistics and test hypothesis WAY faster than one without.

I'm by no means and expert, as I've only just begun to seriously study programming and software engineering in an academic setting, but for what it's worth, I tend to agree. Yes, there are some C/C++ cult members out there that will talk about those languages' speed advantage, but I know...

I can't imagine that their being too much of a language-specific bias within an industry not directly related to software engineering. Hence, while C++ is certainly a good language to learn, I don't think it's necessary, and there are a lot of good points to be made for learning, say, Java...

I agree with jim c. Some of the people on this thread think you're talking about a typical shop, not a real MM firm. It's just a question of what you want to do, trade or consult. There's nothing wrong with either one; it just depends on you. Trust me. You can do very well at a good...

Brian, although I hate risking another programming language "war," I'd really recommend learning Java or Python before you learn C++. They're much cleaner languages that allow you to get comfortable with key concepts before you have to deal with the mess that is C++. As for my advice between...

You're an arrogant dipshit to refuse to interview a person because he has a designation that only a handful of people have the tenacity and intelligence to get.

You're going too far here. Again, though I recommend programming or financial engineering first, you're dead wrong if you think a CFA designation would be looked down upon by reputable firms or funds.

Churn4Fun, I have completed all three levels of the CFA program, and I'm getting the designation next month. I also work at a pretty successful proprietary trading firm (not your average "prop" shop, mind you). I can tell you for a fact that the best credential for actual trading is a...

Thanks, Mojo. I'll definitely follow that thread. I can't do any automated brokering yet, but that's definitely the sort of info I'm after for backtesting.