Career move Prop to Corporate?

as for buy side firms from what I hear they like to steal people from other buy side firms and of course a college degree helps to a lesser degree(no pun intended) depending on how long you've been out of school.


scalp
 
Quote from Mecro:


Most institutional traders are morons, they make me a lot of money.
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Truer words were never spoken.

The top "trader" is usually a Fidelity butt boy.
 
Quote from scalp100:

the prop system was born out of the late 90's internet boom when everyone wanted to trade, but not everyone had the money or know how. Most of the sheep types that got into trading because they had a friend who made a grand in one day have been fleeced and are gone.

You still have a rotating crowd that comes and goes but for the most part Prop traders are a self starting, entrepreneurial bunch. The successful prop traders are similar to successful people in any business, smart, motivated and determined not to give up under any circumstances.

Some people would rather spend most of their time looking for a 'way out' or something easier then face head on the difficulties it takes to be a success.

The corporate job is a cop-out. Many people in the corporate world are 'sheep' who would rather let someone else think for them.

Scalp
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Scalp,

Yeah, true true. Prop trading is unfortunately not looked upon very well in the corp world.

Sometimes, I wondered if my life would turned out differently had I stayed in the corp world vs going to prop trading. PT has its ups and downs. Many a heartaches before becoming successful.

just trying to be honest here.

Don't be all rosy about prop trading. Yes, it's cool to be independent and do however you like.

But you gotta understand people who want to raise a family or got other financial obligations that come every single month will NOT find prop trading that desirable. Most people here on ET including myself are probably single male with little obligations. But once you get married and kid(s) come in the picture, things aren't as simple.

Sure, if you have a valid strategy and an incredible edge, then prop trading is like heaven. But if not, it is hell of the worst variety.

;)

misc
 
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