So I have been demo trading for almost 2 years now, trying to get a strategy that works well for me and I finally feel like I found one. been making some good results and I finally feel confident to try and apply this strategy with real money, how ever I’m currently in my senior year of college and don’t really have a lot of capital to trade much, was wondering if anybody knows any good funded programs they would recommend for a college student. I really want to get some experience before I graduate?
Career advice on Trading
- Thread starter TorosTrades64
- Start date
What is your college major? How much student loan debt do you have?
I'm a computer science major with emphasis on IT, lucky for me I'm not in debt at moment because I was able to get some scholarship and financial aid money so not too bad
I think you may want to consider prop firms
Post your strategy metrics. It's exactly what anyone who would give you money would ask.
If you're a computer science major write a simple backtester (or use one from Python or whatever) to display the metrics of your strategy over the last 10 years.
If your profit factor is low and/or your sharpe ratio is below 0.6 I'd probably consider going back to the drawing board.
Find the older vids on YouTube where Tim Grittanni talked about full-time trading out of college with a small account. He'll give you some good pointers through his first-hand experiences. It's very good, free advice. Don't buy anyone's vids or trading services. Make it on your own or fail trying.
NEVER look at a "get funded" place. Stupid collection of "rules". They're punking you.
NEVER look at a "get funded" place. Stupid collection of "rules". They're punking you.
Man....get a high paying job and go the fully automated trading route. Save up your own money and trade on your own terms.
U being in comp science already I HIGHLY suggest you learn how to code: Python, C++, C#, etc. ....and learn trading algorithm concepts using historical data and/or machine learning/artificial intelligence. There are books & trading coding internet forums out there that if you take the time to search and learn/take notes, you will learn a lot.
you haven't found shit lol.... the way you understand as 'trading' is not trading... it's just clueless retail guying effing around.
computer major, try to find a financial firm and work on their quant program... then you get a chance to know what the pros do... while getting paid.
otherwise just find any IT job, get good salary and buy QQQs.
And lock yourself to a series of hand picked stocks by whatever risk manager is breathing down your neck because the SEC won't let you trade your own account freely while working there. Moreover, you get special "professional" titles at brokers so they can charge you more - despite you being some desk jockey at a quant firm bashing out code with the slimmest of all chances of "learning the trade".
If he wants to "learn the trade", abandon his prospects as a "quant" (which he wouldn't get anyway - they don't hire CS majors to do the fun stuff even at the PhD level - they want mathematicians and physicists and only the BEST), and become a guy who sits on a bond desk or something at a BB. He'd have a much better time learning the trade sitting on an equity desk than behind a computer screen banging out code reminding himself constantly how @dozu888 said it would pan out for him.
Super good idea for a guy wanting to strike it on his own. There is absolutely nothing glamorous about the life of a code monkey at some firm, especially when that firm is a bank or quant fund.