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Dataa: I understand what you are saying. I am sorry if you think I said something wrong in regard to your ideas. In my own experience, I've learned very quickly that wasting time during youth years is big mistake. Three years-degree is not good enough to work for high pay-Wall ST firm nowadays...

-Never say working at GS/JPMorgan is easy. It's highly competitive to get in. You need good health/youth as they require long hours of working. But there is opportunity to make enough income to retire at early age. Nothing is easy in life. The point is, young people needs to study hard in order...

It's too risky for a young person to take prop trader route. His life will be ruined for good. He needs to study hard & go for GS or JPMorgan, it's more secure and more promising career aspiration. He can retire at the age of 35. If he wants to retire and be a parttime investors/trader then, no...

The guys said:"I want to pursue a career in finance/quantitives/economics and have started to toss everything else to the side" Giving that information, I'd advice him to pursuit a HIGHER LEVEL CAREER than being a trader. Average salary in GS, based plus bonuses & profit sharing or stock...

You need a mathetical/computer degree with 3.9 GPA or 4 ...you need to study very hard, believe or not. then pursuit a MBA, CFA & CA. after that go & work at JPMorgan or Goldmansach. try to make the most money in 5 years then retire in italy. you can do it all by starting now, study and study...

"Tourre, 28 when he wrote the emails, reflects on the strangeness of being so young, yet being in such a critical role with pressures from those above him at the firm to make money. "... I am now considered a "dinosaur" in this business (at my firm the average longevity of an employee is...

I am just wondering why most prop firms don't do option trading? If it were true option trading is more profitable, why prop traders are not doing it?

CHRIS PIA,I did find him. He said dump the dollars; but I need the dollars to trade US stock. Yes, the US dollars sucks, but don't we all need the US dollars to trade/invest in US stocks?

1.If you like it that much, give it one full year to try. 2.You also needs a right mentor. This is very important. 3.If you don't have the right mentor; you'll go back to work after one year and don't waste any more time on it.GL.

The writer of these blogs sounded very harsh but he is right. Retail traders don't have "an edge"/knowledge/technology/financial backup that institutional traders have. Deny all we can; deep down inside, we all know, it's the truth.

More from Henry Blodget Another Reason Most Day Traders Are Deluding Themselves Henry Blodget | Apr. 15, 2010, 11:10 AM | 3,552 | 46 One of the biggest delusions many small investors suffer from--from casual mom-and-pops to full-time day-traders--is that the market is something...

Must Be A Bull Market: The Dumbest Job Ever, Day Trading, Is Cool Again Henry Blodget | Mar. 29, 2010, 9:58 AM | 4,624 | 50 I know it's stupid! But it's just so fun!! Apparently, day trading is back. The New York Times says so. So it must be. And that's fine for those who...

The biggest mistake is become an investor, instead of short term trading. Never trust any CEO/nor company. Never hold any positions long term=never be an investor at the first place is the best way to go.

I must admit I am really upset about this market. It always looked like a 10-15% correction is coming; yet it continues to move up. I believe we are in a bull market; so so far I only trade long. Though I am upset because I can't trade large positions due to the fact I see a correction coming...

:p

You are so right.

Hedge Fund managers make millions & billions...They don't even sound too bragging like all of you guys combined to me. About myself, I think my BP is more than yours...if you really want to know...LOL!

Your statement proves to me that you are nothing compared to Wall ST traders/managers. Brag all you want; you are just nothing but their lunch & dinner. It's pathetic small shirmps brag they make a fortune from the market while billionaire Hedge Fund managers will prefer not to disclose about...

Friend, only losers & poor people will try to brag about their wealth/how easy to make a fortune from the market...on public message board. This is so different from top Hedge Fund managers who can afford $55 millions condo in NY, yet these managers rarely mention how rich they are or even what...

It doesnot matter what you folks said about how easy it is to make a fortune daytrading. I know better. If it was that easy to make a fortune daytrading, no one will bother wake up at 5AM to get ready to go to work in Wall ST from 6-7AM until 11PM. Average Wall ST worker make $500,000. Top Wall...