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Alternatives to Prop Firms?
- Thread starter TsTrades
- Start date
Quote from TsTrades:
Ahhhhhh! I said I was done. And I really am. But I just can't help but point out that there is something seriously wrong with you people. I mean, do you really think what you guys do is normal? Normal people would say (or even just think to themselves) "well, I don't think you're going to get in, but here's the information you're looking for. Good luck," and leave it at that. Instead, you just demonstrate in extremely clear fashion the chip on YOUR respective shoulders. Maybe you're just trying to fend off potential competition? I don't know.
I'd truly love to complain, but realistically whom would I complain to? The FCC? As disgusting (and weird) as what you guys do is, is IS free speech, and is therefore protected. As they say, the best revenge is living well, and I'm confident that after going to a REAL source for career information, that's exactly what will happen. And there's nothing you'll be able to do about it.
Fine some here may have been not VERY nice to you (remember several would take the opportunity you are looking for in a heartbeat.... like asking a jobless person where can a job be easily found) but some have given you some decent pointers... Have you even remotely expressed thanks to those?? They have tried their best... what else do you want?
Question for you... do you have any flaws??
Quote from TsTrades:
Ahhhhhh! I said I was done. And I really am. But I just can't help but point out that there is something seriously wrong with you people. I mean, do you really think what you guys do is normal? Normal people would say (or even just think to themselves) "well, I don't think you're going to get in, but here's the information you're looking for. Good luck," and leave it at that. Instead, you just demonstrate in extremely clear fashion the chip on YOUR respective shoulders. Maybe you're just trying to fend off potential competition? I don't know.
I'd truly love to complain, but realistically whom would I complain to? The FCC? As disgusting (and weird) as what you guys do is, is IS free speech, and is therefore protected. As they say, the best revenge is living well, and I'm confident that after going to a REAL source for career information, that's exactly what will happen. And there's nothing you'll be able to do about it.
I believe I was the one who suggested you go to a headhunter, career counselor, etc. to get professional advice. So --- You're Welcome!!
Posters here offered sound advice which you blew off. Your choice.
But ask yourself - would an aspiring doctor go to a chat site to get advice on what specialty to pursue? Would someone interested in engineering go to a chat site to ask whether he should pursue mechanical, chemical, electrical, civil engineering? Would a guy in law school go to a chat site asking whether he should go into corporate law, workers compensation, real estate, etc.? I doubt it in any of the above.
Yet you came on here - asked your questions - were given feedback and go off on many of the posters. Sounds like your MBA and 4.0 in Finance hasn't been of that much help in understanding career opportunities.
Quote from Rashid_G.:
Question for you... do you have any flaws??
That's really pretty cheap, considering that I specifically said I had applied to firms in which they train people. If I thought I was so great, wouldn't I just say something like "I'll just learn it on my own in a few months or so and THEN go out and get a great job with a top firm"?
And, by the way, the only reason I brought up my GPA was in response to another poster who said he couldn't get in to one of the top firms because he was 19 and didn't have a 4-year college degree. All I was doing was trying to differentiate myself from him, saying that his situation isn't necessarily indicative of what I'll find. If I had said it in my original post, different story. But I didn't.
Quote from DHOHHI:
But ask yourself - would an aspiring doctor go to a chat site to get advice on what specialty to pursue? Would someone interested in engineering go to a chat site to ask whether he should pursue mechanical, chemical, electrical, civil engineering?
They don't teach trading in business school, and you know it. Unfortunately, business school is pretty heavy on theory. And it's certainly not a career counseling program. Could I have asked professors? Sure, but they're academics, so aren't really familiar with that world. So, again, why did I come to this website? I thought I'd take a shot. Jeez. So sue me.
The difficulty with many of the better firms is they provide so much upfront (risk capital, platform, salary) while the only thing they get in return is the trader's performance. As a consequence of this they are really concentrated on getting performance numbers early on. Prop firms don't have many positions for a smart educated person who can be a spreadsheet wizard but can't generate money on his/her own straighgt away or very soon.
The obvious alternative are companies that have a number of positions with higher proportion of teamwork: investment banks, hedge funds, brokerages.
Disclaimer: I haven't read the whole thread as it has gone far off the topic of the opening post. Please take any of my opinion with a grain of salt as everyone else's.
The obvious alternative are companies that have a number of positions with higher proportion of teamwork: investment banks, hedge funds, brokerages.
Disclaimer: I haven't read the whole thread as it has gone far off the topic of the opening post. Please take any of my opinion with a grain of salt as everyone else's.
Quote from LeeD:
Disclaimer: I haven't read the whole thread as it has gone far off the topic of the opening post. Please take any of my opinion with a grain of salt as everyone else's.
Thanks LeeD. THAT was a quality response. And yes, the thread has gotten far off course, which of course I feel bad about. Namely, it went from being about the field to being about me. Oh well -- guess that's Elitetrader.