Hey everyone, I want to thank everyone in advance for their input on this thread. I have been interviewing lately at some proprietary trading firms lately and want some advice regarding my logic.
I have worked the last year and a half as a financial advisor and been successful at it at a premier boutique. Before that I worked for 6 years clerking on the floor at the CBOT while I worked through college. My experience with the financial markets is pretty deep and I feel sufficient to have a reasonable shot at trading for a living.
Currently I am just plain tired of my job and have a hard time seeing myself doing it for long. It is a good career but boring and unchallenging if you ask me. Trading is my passion and likely always will be. I have had decent success for a few years trading etfs and usually profit on 80% of my trades by a considerable percentage on my principal.
So, I started interviewing at a few places and got my resume out and am at a turning point. I will likely have a job offer from one firm and I feel like it will be my opportunity to take the plunge and give it a shot. You are an employee there but you only get a draw, I think limited at 30k for the first six months. It is mainly futures, some options. Full benefits and I want to say a 50/50 split.
Do you guys think it is crazy to give up a well rooted career that would likely be a safe bet for financial security down the road and may be decently prosperous to take a shot at a prop firm with that kind of deal?? I have always felt very confident in my ability to be successful at trading but I only have a track record of say 100 trades that I hold for 0.25-5 days.
Thank you all again, I apologize for the lengthy post!
I have worked the last year and a half as a financial advisor and been successful at it at a premier boutique. Before that I worked for 6 years clerking on the floor at the CBOT while I worked through college. My experience with the financial markets is pretty deep and I feel sufficient to have a reasonable shot at trading for a living.
Currently I am just plain tired of my job and have a hard time seeing myself doing it for long. It is a good career but boring and unchallenging if you ask me. Trading is my passion and likely always will be. I have had decent success for a few years trading etfs and usually profit on 80% of my trades by a considerable percentage on my principal.
So, I started interviewing at a few places and got my resume out and am at a turning point. I will likely have a job offer from one firm and I feel like it will be my opportunity to take the plunge and give it a shot. You are an employee there but you only get a draw, I think limited at 30k for the first six months. It is mainly futures, some options. Full benefits and I want to say a 50/50 split.
Do you guys think it is crazy to give up a well rooted career that would likely be a safe bet for financial security down the road and may be decently prosperous to take a shot at a prop firm with that kind of deal?? I have always felt very confident in my ability to be successful at trading but I only have a track record of say 100 trades that I hold for 0.25-5 days.
Thank you all again, I apologize for the lengthy post!