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There were lots of floor traders who developed into great upstairs traders. If you can get a job at an IB,hedge fund,prop shop and trade OPM while learning,you are WAY ahead of the game... i think 99 percent of this board will make less from trading than they would from a meaningful career...

I like trading,but going out on your own in your 20's is one of the dumbest things I can think of..

LOL @ which one is easier.... At the top of the Equity food chain,there are the Derivative guys and Fundamental guys who actually have some understanding of math and finance/accounting..Throw Converts in there for shits and giggles At the very bottom,you will find the Price action crowd who...

Who is Big Boss?? Im trading in the dark here.. Are you referring to the guy who thinks it's a layup to return 300 percent plus??

Interesting..When you say volatility,i am assuming you are referring to market movement and not trading vol..Are you fully automated and not staring at the screen all day??

If you werent trading,what would you be doing?? What's your dream "job"??

Im blocked by OP,but I can only imagine the level of absurdity going on

"Please forgive me for what i am about to say",but by and large they are a bunch of talentless fooks who make a shit-ton of money by developing relationships,drinking and whoring around.not necessarily in that order.. Which in hindsight,doesnt sound like a bad gig :)

Sales traders??? Those are the luckiest mofos on the planet....

Im talking trading and from my own experience... Guys on trading desks get paid a ton without a ton of talent

IMHO,a bank job is much easier money than hedge fund..

Its a YES

Lol,seek and thou shall find Fwi,it's very simple math..if I can get it,anyone can:)

Take a look at Kelly or modifed Kelly.. Yes,its based of an assumption that you know what your hit rate is,but it should give you an idea on how alot of these US Investing champs put up such crazy returns..Minervini also has some good info on optimal R/R ratios given a know hit rate

Look no further than the Madoff..How much money did he attract with imaginary low teen,stable returns??

We are..Im basically referring to a Kelly/Modified Kelly approach to position sizing.... Im basically in Long and Shorts camp.

If one is accurate forcasting their win rate ,the compounded return of the account will have an optimal ratio of profit target vs stop loss.. Of course it's theoretical,but if one is accurate,its has a major impact on returns and outperformance.. QUOTE="Frederick Foresight, post: 5756775...

Because the excess return is most likely due to proper MM and Bet size...

I think you may be missing out on a key ingredient LEVERAGE I went thru the numbers real quick,and if you are going to play the "get out quickly" game,I think you need to lever up at 1.4x or more

Sadly,and mercifully at the same time,thats as quanty as I get