Anyone who went to college get in here!

Quote from HarbingerQ:

Well Satan err excuse me...........Satan's helper

Things are not so simple.

If he gives himself a backdrop, a plan B.

Is he then going to commit 10 000 hours into mastering trading ??

I doubt it, he will simply try for 6 months, lose 30 k, and quit.

Forever losing his chance of being his own boss and making it into top 2% of earners. Having a shitty job all his life.


Bottom line OP, you have now heard all sides. Time to choose.

FREEDOM, through pain and tears.

OR COMFORT through tried and tested path majority take.

Tough choice, take your time, take your time.
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Thank you for correcting yourself. I would never take my dark lords name because that would be blasphemy.

No, no you are right. I must admit I have a small evil streak in me that guided the young lad wrong. He should always assume he will be right at all costs.

Quote from xandman:

That rings a bell, Satan. I remember the CME pits chew and spit out Ivy leaguers in the 1990s. A number of them went off to become lawyers and computer programmers.


I saw that pattern and said to myself: "screw these odds, I'm going to ny to become an investment banker...LOL.

Sure wish I listened to Uncle Jimmy.
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Ah the 90's and all that it had to offer. Did your boss get you hookers and drugs too? I truly believe that we are the last generation to have any real freedom. Pretty soon you wont even be able to speed or get away with anything. We are at a point in history where technology has not even scratched the surface and we are like the cave man just discovering fire. Things are going to start moving real fast from here.

Investment banker? How did that work out for you. The few people that I met who went that route are doing well.

Not to get off of topic but if I wanted to go that route and deal with pink sheets where would I go to learn?
 
Quote from Huskeez:

Hey guys,


Just wondering what papers you took in College/University which helped you the most in your financial/trading career.

I am able to pick and choose papers, but don't want to waste my time doing a very generic paper, would rather zoom in and get what is necessary.

I am aiming to be a portfolio manager within the next 5 years. Currently trade my own account , but am also trying to gain some "Recognised" education.

Happy NY !
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Happy NY to you too!

This would not be a bad start: http://web.mit.edu/alo/www/Papers/JPM2004.pdf (although didn't take it in college)
 
Quote from Satan's Helper:

I am going to give you some Really Good Advice as the alcohol and drugs keep me happy.

Get a real degree in a field that you will enjoy working in and screw trading for your education. Trading jobs don’t care about your degree (as long as you have one and a good GPA) and if it does not work out then you have a back-up plan.

As a future trader, run these numbers and stats. Should you A: risk your future on a less than 5% (more like less than 1%) chance of success or B: have a back-up plan just in case you find out that you are not in that 5% or less crowd.

Here is a quick story for you. When I started out as a prop trader I would watch all of these kids just like you come in from Ivy League schools that had a degree in math or some related field. Within a couple of weeks of trading I would watch them cry like babies because they either turned down a job at Goldman or some promising future for trading. But before that happened they all know how great of a trader they were going to be and how easy the series 7 was to pass because they were so smart.

Who are we kidding? Dude, Screw College and take your tuition money so you can open a leveraged account and stop wasting time. You can literally be a millionaire before you would graduate if you start right now!
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I had a younger sister that failed college and out of pity I offer to teach her how to trade. She turned it down because it was too hard and is now chasing after a pyramid scheme type business that her boyfriend introduced her too. Dumb isn't it.
 
Quote from Huskeez:

Hey guys,


Just wondering what papers you took in College/University which helped you the most in your financial/trading career.

I am able to pick and choose papers, but don't want to waste my time doing a very generic paper, would rather zoom in and get what is necessary.

I am aiming to be a portfolio manager within the next 5 years. Currently trade my own account , but am also trying to gain some "Recognised" education.

Happy NY !
More...

Physical chemistry.
 
Quote from Huskeez:
----College/University....
----helped you the most in your financial/trading career.
----don't want to waste my time....
----zoom in and get what is necessary.
----portfolio manager within the next 5 years.
----"Recognised" education.
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1) Do you attend Saint Cloud State or UConn? :confused:
2) Consider applied math and coursework that has the word "computational" in the title. :cool:
 
Quote from HarbingerQ:

Instead point them to indicators and suggest mixing RSI with something exotic like exponential wave whatever :D :D
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Here's the original tune for those who aren't familiar with the melody:

http://www.youtube.com/watch?v=RePtDvh4Yq4


Traders ain’t easy to love,
When they’re losing their dough.
They’d rather fight a strong move,
Than just go with the flow.

Dreams of quick millions and new red Ferraris
Attracts the young playas to trade.
They don’t understand supply and demand,
They look for a strong trend to fade.

Mamas, don’t let your babies grow up to be traders.
They’ll try to pick bottoms and try to pick tops,
They’ll av’rage down as their account balance drops.

Mamas, don’t let your babies grow up to be traders.
They’ll cut short their winners and let losers run.
It won’t be very much fun.

Traders like multiple screens ‘cause it makes them feel awesome.
Price ladders flashing and clutter all over their charts.
They’ll get rich quickly -- it’s easy, and when they do,
All will be theirs for the taking.
When in fact, it requires a new way of thinking,
In which ego is crushed from the start. :eek:

Mamas, don’t let your babies grow up to be traders.
They’ll spend several years on a Quest for the Grail,
And lose tens of thousands as each of them fail.

Mamas, don’t let your babies grow up to be traders.
They’ll join Elite Trader and argue all day,
How the edges have all gone away.

:p
 
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