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Yes, the book is short - 28 pages and its meant for beginners office goers buy and hold investors and mutual fund investors - who "aspire" to trade. Not for experienced full time trading professionals like you Maestro. If you consider the kind of audience the book is based for, I think you...

Thanks Lawrence. Good stuff in your ebook.

kudos for the webpage. Lots of people come on these boards asking for advice but very few actually put in the effort as put in by you. I am sure you will get something. My advice - arrange for 50-100k from friends and family and start trading. Your results seem ok. Take debt of 30-40k if you...

LOL :D

LOL. What a suggestion. Baron should make a condition that ALL vendors need to do combine and post their results on ET. I think only 1 or 2 will survive and Baron will have to put a 1$ monthly fee for us ET users to cover the charges of his website

Feel a bit sorry for him, he was quite motivated. I really don't understand why anyone will trade on a fed day especially when he is working under very tight risk limits. Another journal comes to rest pretty quick!

austin - sorry but having 10 yrs experience and still you want to trade on a fed day!!! You should have just relaxed instead of trading today. How much more to do before you hit your max DD and are out of this combine?

This is going to be my last post on this thread. doublet you are absolutely correct. Let us say Google/IBM uses a lot of exotics along with forwards to hedge its currency risks. Even then, most of the day-to-day work would be just looking at the exposure and hedging it. Say, google has a 3...

Steve, I hope you see this. Your PM is disabled. No way to get in touch with you!

Agreed. To OP - Actually this is definitely a better track than your current position. But KKR isn't your typical investment management firm. Go for PE. Pimco won't get you there.

Clap Clap..... :)

And this is my what surprises me :) Its much much harder to get into getco or jump than to get into pimco or templeton! Most of my friends share this view that a drw/getco/jump is much better than a pimco/fidelity/templeton etc. And that is why I can't understand why you want to move to...

2 Reasons: 1) Because of the opportunity cost. If your salary is 200k, your opportunity cost is 550k. Plus, in 2 years someone might leave (as you say many people are not happy) and you might get more responsibilities. In 7-10 years, you might be on track to become head of trading. However, if...

A little mis-communication here. When I say these guys can join central banks, I didn't want to refer to exotic traders. I was rather writing from the perspective of people in various departments of banks. I had these kind of people in mind like Robert Rubin etc. 7 figures in sell-side days...

These guys don't need exit options because there are not many better options than being an exotic trader in Goldman. They just get their million dollar bonuses and climb up the hierarchy. Then around 40, some of these guys retire because they are already 10 million or so in NW and want to...

Yes, I know more than a handful of such people personally. No offense, but I can only say that if you don't find such people fun to hang out with, then you are not geeky enough :D All the story you have written about your future MBA classmates is what MBA admission departments sell to you...

Again here you are projecting your own thoughts on to the whole world. Sure the bcg/mck guys do very interesting and fulfilling work. But to assume that an exotic derivatives trader in a bank or a high frequency trader at getco has any less transferable skill is dead wrong. Having been on both...

yes you should choose a career that you find fulfilling. So, if you don't find trading interesting and want to make a career switch, go for an MBA. But your other assumptions are plain wrong. You have not seen hubris of corporate honchos. Go and read about Cisco CEO's speech and his tone...

Correct! What Neke needs to do is to realize that if he switches brokers, he will increase his yearly PL by 30-50% immediately without any risk. So, this is like a zero-risk trade with a guaranteed huge return. Of course, he will have to re-tune his infrastructure for IB or MB Trading. But...

Hey blah, Somehow I missed replying to this post. Thanks for your post. While dealing with technical challenges, I had somehow overlooked the broader view of simulations. Thanks for the tip. :)