College student who wants to trade professionally

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Quote from ebagel:

Im a 20 year old college student who is very passionate about trading the worlds financial markets and was wondering if I could get some input on my predicament.

So I have profitably traded emini S and p futures, and 10 yr treasury note futures for the past several months after an awesome mentorship with a private trader. What's unfortunate is that this success has only made me more passionate about trading, which isn't necessarily bad, but it is causing me to really lose interest in my studies at school. Adding to my animosity is that Im studying economics and politics, and its becoming more and more evident to me that an academics worst enemy is a trader, so often when I participate in class my opinions are very quickly shut down by the professors, which has become very discouraging. So although trading on my own account does provide me with a nice income for someone my age I would really like to increase my bankroll, as I am still quite small.

Basically I really would like to immerse myself in trading completely and was wondering if you guys thought any prop firms would hire somebody who hasn't graduated from college but is successful in trading or any other options you guys think I may have.

Thanks

Wouldnt take some professors comments with too much weight. Most of them are brain dead in my experience (no offense to college professors on here), I'm a straight A community college student and I found that participating in class was not worth my time. Occasionally I will send my Government teacher articles from Zerohedge that expose what a joke both sides of the government are, he tends to dance around the tough questions.

If you feel like school is pinching your time away, drop your class courses down to 12 hours per semester instead of 15 or 18.

 

[nazzdack]

Quote from ebagel:
----What do you mean....
----I shouldn't use what I have available?

1) He believes you should reduce the leverage you have available to trade, not increase it.
2) Are you trading a single contract of eMini S&P with only ~$1250 in your account, i.e. the minimum daytrade margin per contract? :eek:

 

[EvOTraderV2]

The good news it's not you. It's the system that discourages free-thinking and using real-life examples. Our whole education system is worthless but you will need some type of academic record for something to fall back during these economic times. The professors are likely liberal know-it-alls who see anyone doing something business-oriented as a threat as they bring common-sense and logic to discussions - something liberal college professors despise more than anything.

That being said, stay in school. There is no shortcut to success. You won't be more successful at trading than you would be at selling shoes if you had the right skill. You have to see it as a business and not "it's so thrilling to be a part of the financial markets" - those are the ones who fail. Good luck.

Quote from ebagel:

Im a 20 year old college student who is very passionate about trading the worlds financial markets and was wondering if I could get some input on my predicament.

So I have profitably traded emini S and p futures, and 10 yr treasury note futures for the past several months after an awesome mentorship with a private trader. What's unfortunate is that this success has only made me more passionate about trading, which isn't necessarily bad, but it is causing me to really lose interest in my studies at school. Adding to my animosity is that Im studying economics and politics, and its becoming more and more evident to me that an academics worst enemy is a trader, so often when I participate in class my opinions are very quickly shut down by the professors, which has become very discouraging. So although trading on my own account does provide me with a nice income for someone my age I would really like to increase my bankroll, as I am still quite small.

Basically I really would like to immerse myself in trading completely and was wondering if you guys thought any prop firms would hire somebody who hasn't graduated from college but is successful in trading or any other options you guys think I may have.

Thanks

 

[failed_trad3r]

You know nothing.

Do you think the flash crash of 2010, the crash of 1987 could be predicted?

The answer is yes. If you thought no. you have much to learn.

 

[actionzip54]

Quote from failed_trad3r:

You know nothing.

Do you think the flash crash of 2010, the crash of 1987 could be predicted?

The answer is yes. If you thought no. you have much to learn.

Lol, what if he thought yes? Can you read minds bro?

 

[failed_trad3r]

Quote from actionzip54:

Lol, what if he thought yes? Can you read minds bro?

I dont mean as in prechters prediction A DUR CRASH IS COMING

I mean as somebody who said in march of 2010 that we would have a crash in starting 1 may 2010 after which the fed would ease (obviously you know that after a crash the fed will ease) and we would bottom in june. He actually mailed the Fed but the fed ignored him as the crash still happened. Posted this on zerohedge, and it gets ignored between the many joke posts and BS.

the flash cash was predicated, predictable and could have been prevented. The fed however, is incompetent as they are following the wrong economic theories.
No economist in the world right now has the right economic theory, for they all did not predict the flash crash and believe it could not be predicted/prevented (blame on hft etc)

PS you can google it yourself. I will not help you find this prediction. I rembmer my lesson when I posted an edge where I figured out how to get advance notic of bear raids. I posted it on the yahoo boards and the edge was gone 1 month later. I still regret it to this day.

 

[TrendPlayer]

Quote from Swan Noir:

If you can establish a consistent methodology to daytrade the emini you don't need a prop firm. You are already working on 100:1 leverage (if you choose to) and you not only do not need more leverage you should not use what you have available.

+1

 

[ebagel]

Quote from actionzip54:

Lol, what if he thought yes? Can you read minds bro?

hahaha well i did watch the PTJ movie before I ever started trading. And yea Im weary of the current market, definitely under the impression that most asset classes have been manipulated and are set for a significant correction. I dont think there will be a repeat of 2010 in the stock market but there will likely be some exogenous event in the next 6 months or so that will jar markets

 

[zdreg]

Quote from failed_trad3r:

You know nothing.

Do you think the flash crash of 2010, the crash of 1987 could be predicted?

The answer is yes. If you thought no. you have much to learn.

the answer it could be predicted but not before the little fishes were wiped out by acting on their predictions.

 

[Redneck]

Quote from ebagel:

Im a 20 year old college student who is very passionate about trading the worlds financial markets and was wondering if I could get some input on my predicament.

So I have profitably traded emini S and p futures, and 10 yr treasury note futures for the past several months after an awesome mentorship with a private trader. What's unfortunate is that this success has only made me more passionate about trading, which isn't necessarily bad, but it is causing me to really lose interest in my studies at school. Adding to my animosity is that Im studying economics and politics, and its becoming more and more evident to me that an academics worst enemy is a trader, so often when I participate in class my opinions are very quickly shut down by the professors, which has become very discouraging. So although trading on my own account does provide me with a nice income for someone my age I would really like to increase my bankroll, as I am still quite small.

Basically I really would like to immerse myself in trading completely and was wondering if you guys thought any prop firms would hire somebody who hasn't graduated from college but is successful in trading or any other options you guys think I may have.

Thanks

True passion rests comfortably within one – throughout a lifetime

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Right or wrong, here’s how I interpret your post;

Traded – made some money – want some more

Attending college – experiencing some challenges – screw it – I want to trade

I love trading – least I think I do

My opinion matters

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I dare say you've accomplished nothing significant thus far – yet you wish to pursue what is arguably the hardest career known

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Mature emotionally

Develop patience

Develop persistence – iow finish school

Develop the skill to overcome challenges

Meantime..., if your passion be true – learn to trade (and more importantly - be a trader)

Btw; never mistake a pittance made in a bull market for trading prowess – its damn foolish

===============

Truthfully I expect this to fall on deaf ears - oh well

monitus es

RN