Back after several years...

Hey Mav! Really good to hear from you.

I'm actually very open to other opportunities related to financial mkts. I'm not only looking for trading positions (which I know are very very few and far between), but am open to other areas of financial services. I think I have pretty good interpersonal skills and would like to leverage that combined with my experiences as a trader somehow. Maybe in client development, investor relations, or financial product sales? I'm not too sure all the avenues that are available but have been doing some research.

Others have suggested going to quant route but I can tell you that this is not my strong suit. I'm much better with people than with complex math. :)

Thanks for the options you outlined below. I'll take a deeper look. I hadn't even considered teaching!

-Steve


Quote from Maverick74:

Steve, welcome back to the boards. I agree with most on here, the MBA will NOT land you a trading gig. You need an advanced quant degree but even that just puts you in a large population pool of very talented guys looking for work. One of the problems you will be facing is that in the last 5 years, so many traders have left the floor, old prop firms and bank trading desks that the environment is completely saturated with many experienced and "profitable" traders looking for work.

Most of the "chicago" style prop firms want guys with NO trading experience regardless of how much money you made before. They don't want any baggage. All the other trading jobs are programming related. Also, at your age it might be hard to break into the institutional side of things.

Some options that make sense are becoming an RIA. A lot of traders take this route. It's a game of time and patience but you can build up a nice size book in 5 years and basically create an annuity for life. I have several friends that have gone this route, two of them are clearing 7 figures. A few others who I think should NOT be in the business because they know NOTHING about markets are still making a few hundred thousand a year. What other profession can you make that much knowing absolutely nothing about the field you are in.

Starting a CTA is another route. Again, another popular choice, especially among former floor traders.

Third, you could start your own fund. But do not fool yourself, it takes an obscene amount of hard work if you are going to do everything your self.

I'm going to give you a 4th option that might surprise you. Teach! I mean at the college level. You have an MBA and trading experience. There are many business schools that have trading curriculums now. Professors make very good money and have a very cushy lifestyle. Hell, most of them trade and teach a few classes on the side.

Good luck!
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Quote from marketsurfer:

Totally false. I'm a hick from Pittsburgh. Went to a crappy school with zero connections, but I managed to raise close to 50mm from several hedge fund investors. You just have to make the connections. surf
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what do you do? what is your profession exactly?
 
Quote from tradenstuff:

oh neat, where can we find your articles?
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]


surf's a known troll on ET. Don't mind him. If you click on his posts, you'll see his other works of "genius."
 
Quote from Steve Tvardek:

deciding to work on creating an algo (as the trend seemed to be towards this anyways).
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Trend follower eh?:D

Trading isn't a job. Its an adventure!
 
Quote from Steve Tvardek:

Hey Mav! Really good to hear from you.

I'm actually very open to other opportunities related to financial mkts. I'm not only looking for trading positions (which I know are very very few and far between), but am open to other areas of financial services. I think I have pretty good interpersonal skills and would like to leverage that combined with my experiences as a trader somehow. Maybe in client development, investor relations, or financial product sales? I'm not too sure all the avenues that are available but have been doing some research.

Others have suggested going to quant route but I can tell you that this is not my strong suit. I'm much better with people than with complex math. :)

Thanks for the options you outlined below. I'll take a deeper look. I hadn't even considered teaching!

-Steve
More...


Hi Steve, I followed your posts back then, and like so many that stood out on ET, in my mind I just extrapolated your success over the years. But its never a straight path is it.

I have no advice other than what Jim Rogers says and that is to study agriculture. He makes the point about so many studying for MBA's.

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The advantage of what your wife does is that your voice doesn't age, and remember you are a trader, stop looking for security!
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Quote from tradenstuff:

oh neat, where can we find your articles?
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Mostly on the back of cereal boxes and inside bazooka bubble gum wrappers. You know, real erudite material.
 
Wow, this site went from a new format last time I logged in back to the old format. I kinda enjoyed some of the new features but oh well.

Just bumping this thread since its been a week or so. Thanks for taking a look.
 
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