It is not hard to believe. And the govt is not the only source of employment data. Engineering has overall been a high-paid, low-unemployment field compared to most others for many years. But getting a BS from a good school is very difficult. This is not like studying marketing.
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24 single looking to go full time into day trading
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It is not hard to believe. And the govt is not the only source of employment data. Engineering has overall been a high-paid, low-unemployment field compared to most others for many years. But getting a BS from a good school is very difficult. This is not like studying marketing.
Quote from TraderZones:
It is not hard to believe. And the govt is not the only source of employment data. Engineering has overall been a high-paid, low-unemployment field compared to most others for many years. But getting a BS from a good school is very difficult. This is not like studying marketing.
You do have a point as engineering & comp sci programs have a high failure rate built into their grading.
I knew a lot of engineering undergrads back in school. Not one was happy about employment prospects, most went outside their field to get a job.
Quote from Anaconda:
You do have a point as engineering & comp sci programs have a high failure rate built into their grading.
I knew a lot of engineering undergrads back in school. Not one was happy about employment prospects, most went outside their field to get a job.
depends on the year. Back in 2002-3, when the telecomm and internet bubble was bursting, everyone struggled to find tech jobs.
Not intrested in the med field but you do make a valid point with the google and learn stuff that is what I have been doing, I saved mad money by "obtaining" movies , books, music etc. I have to lay off the foreign filnms though and get my act together and learn about the market more.Quote from Daxtrader:
If you're gonna do the whole college thing and then grad school, please for god's sake get into the medical field. Why anyone would ever spend so much time majoring in bullshit such as finance or getting an MBA is beyond me. Become a dentist in 6 years instead. Other options: Physical assistant, nurse, etc etc. All can be done within 6 years, which is the amount of time it would take to get a bachelors + MBA.
Do something real. You don't need college to learn some shit that you can google and teach yourself.
And if you wanna do the trading thing, go for it. Just dive in. You have one life to live. Who cares. Just learn to get back up if you go broke.
if you want to become a trader, go back to school and get a simulated account. Make your mistakes there and after a year of simulated trading and saving your 300/ month you can get into the world of trading live but you will have 1 yr of experience which is an absolute must. In the mean time study go to college and read books on technical anaylsis. Don't forget the simulated trading account!!! good luck.
The only reason that I wanted you to consider a college education to fall back on was that the failure rate in our industry is higher than most others and the consequences of that failure can be more costly than your college education in the end. I would like you to look over the journal section of this board and notice the consistency and number of profitable traders; even in the career trader section there are posts that read traders with 2nd jobs.....enough said.
Some keys to develop before you start are business plan (risk, reward, capital utilized/margin, etc.) and to find a mentor and work with them. Next, you need to find your niche and become a specialist in it.
Some keys to develop before you start are business plan (risk, reward, capital utilized/margin, etc.) and to find a mentor and work with them. Next, you need to find your niche and become a specialist in it.
Quote from henderson:
the failure rate in our industry is higher than most others and the consequences of that failure can be more costly than your college education in the end.
The number of traders who:
1) are making lucrative amounts of money (think $100,000 plus annually from a $25,000 account). We are not talking paper or sim trading, here.
2) for a long time (not "3 months") - like 5+ years
3) with decent systems stats (Sharpe, Profit Factor, max Drawdown, etc.)
4) doing this from home
5) Have enough trading capital to withstand the inevitable Risk of Ruin
6) Their trading money comes from actualy trading, not selling books, advisories or other services.
Are perhaps 0.1 to 0.5% of all "traders".
People who choose this for a "career" are in living in a deeply delusional state.
Is not my technical school and my experience working in the IT field something to fall back on. Also the only reason I mention Day Trading for me is because my Dad has been telling me how much he has been making trading options, and I was like WTF he was telling me how he should stop doing his plumbing and he could probably do it fulltime.Quote from henderson:
The only reason that I wanted you to consider a college education to fall back on was that the failure rate in our industry is higher than most others and the consequences of that failure can be more costly than your college education in the end. I would like you to look over the journal section of this board and notice the consistency and number of profitable traders; even in the career trader section there are posts that read traders with 2nd jobs.....enough said.
Some keys to develop before you start are business plan (risk, reward, capital utilized/margin, etc.) and to find a mentor and work with them. Next, you need to find your niche and become a specialist in it.
I completely understand the risks I definetly know that it's not something that happens overnight.Quote from henderson:
It is something to fall back on to if you are comfortable doing that the rest of your life.....your call.
Don't let any of this posting remove you from your ambitions but it was my goal that you know the risks upfront before delving into the field.