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I would suggest if 7k is 3 months living expenses you move somewhere cheaper - I would suggest Bulgaria / Romania. Takes the pressure off and gives you time to learn. In countries like this life is very cheap and if you are an EU citizen no visa problems! Odds arnt good for you but if you...

Dont invest it. If you are young and thinking about money, it's probably important to you. If it is important to you at some point in your life it will probably flow your way if you put a bit of effort in. I'd spend half on investment books - any suggested are probably great. I'm...

Cheers for your reply Hulk - I see your point and agree entirely. Thing I dont get is why competition / market forces hasnt led to employers who offer the sensible option slowly becoming dominant. Maybe in another 20 years....

Hi Traderzones My money wont run out as I am still working. Very secure public sector job (ish). Been doing this since 2002 with no crazy drawdowns. Now it always could happen but with my level of exposure being only 80% invested and in real cheap stocks (lot of small cap) with good...

That Hugh Hendry looks interesting may give him a pop - dunno if he'd hire me as we disagree on most things but time will tell...

psytrade - can I profitably short stocks? Not the last 12 months - but thats true of almost everyone. I did well shorting back in 2002, missed most of 2008 bear as I didnt want to short banks - I find them difficult to value. Right now easing back to cash a bit - I tend to do that...

Not so much I didnt enjoy it - just looking for a different balance - say 70% of the work week for 50% of the salary? El Pollo - who or what are SAC - I google it and I get Scottish Arts College and I am sure thats not what you mean. Its not that I cant sell myself (its how I got the job...

Hi El Pollo - I see your point - its not a bad idea - I may look into the advisory / fund route. I had thought the regulatory stuff would be beyond me. Went to Oxford - top enough school. Not sure about top 5% hard to say. I havent even been attempting to get interviews. Need a...

El Pollo - no not willing to "pay dues" at all really. Never accepted the concept - my thinking is along the lines I will sell something of value - in terms of my time, coupled with skill and receive a fair price for it. Most employers I have seen in finance just seem to tell one story...

Advisory firm - would seem to make sense - I dont have full CFA only level 1. I did the IMC - (I am in the UK) I dont know how it is in the US but in the UK an advisory firm is so limited in the way it can advise and how it can charge to me it isnt attractive. Regulation is so strict...

Between 2006 and 2008 I worked as a buy side analyst at a US asset manager based in London. I passed CFA level 1 with flying colours. I left as I was sick of 50+ hour weeks and a lousy quality of life - commute / reasonably high pressure. Since then I have moved up north to do admin for...

Hi All, I am very new to options (this would be my first ever trade). I am looking to create a EURGBP Call with a strike of £0.95 to €1. How do I do this ? I know it can be done with EUR/USD and GBP/USD options - thing is I dont know how and cant find any guidance online. Hope...

I dont know but would love to know more

Person who said I dont have enough capital to make it big trading. I wouldnt agree with this - if I get triple digit returns I can become very serious very quickly - especially with 20* leverage. (I obviously dont go nuts with the margin, if I had I would not be here now). The irony in...

The guys talking about importing cars from China. Chinese like to fish and see what they can get when it comes to bribes. It is likely that if you ask them how much it will cost to move these cars they will come up with a figure such as 10-12 million - it could be 120 million. If you go...

OK guy who said I should learn to play poker. You could be onto something. I never 'got' card games. My trading lacks savvy and this is one way I could get it. Of course you could argue savvy cannot be learnt. I do not believe so. Having said that the time I would spend learning poker...

OK, I am in Shandong province, Taian city - near the mountain. China dolls dont interest me as they dont help me make money - in fact quite the reverse. I dont have a system but when I paper trade I tend to make money. When I say I dont have a system I mean I dont enter on certain MA...

OK, This is likely a more unusual question, but anyone who has encountered anything similar or who has any opinion no matter how hostile ... Please go ahead... Please read on at least as it is more entertaining than most of what is on the internet... In 2001 I graduated Oxford with a 2:1 in...

I am looking to do just simple prop trading nothing too mathematical. Irony is when it comes to Algebra I am pretty good. I honestly doubt the utility of learning this stuff, but it was where I fell down last time. Some guys I have spoke to have told me not to bother and to stick to...

Thanks for all the replies I think I need to work on my mental visualisation. I can usually do the calculation pretty quickly, I just forget what I have already done too easily.