Dear Traders,
After graduating from college in 1997, I went straight into trading with a boutique investment firm. After much punishment, I ended up with a small team within the company trading risk arb. I traded deals like SBC/BEL, AIG/SUN and MOB/XON. It was a profitable for me and the company. Times were good. Then, what seemed like overnight, we quit making money. It was terrible.
In 2000, I ended up leaving that firm and going over to a high-frequency equity trading startup that had a developer to trader ratio of like 2:1. Times were good again (think fast cars and expensive vacations here). They were really good. Then something happened. I started making less money and I got burned out.
I caught an entrepreneurial bug from a friend and who convinced me to start a company complete outside of trading. I took my winnings and went.
Over the next five years, I ran this company did quite well. It wasn't as rewarding as trading but it was a good living.
Fast forward to 2009. This recession has destroyed our company and our customers are filing bankruptcy left and right and leaving us with nothing (think construction industry here). I have learned that trading, in my opinion, is no more risky than being in business for yourself.
All the above being stated, how the heck do I get back into it? All my original winnings have been zapped by my failing business. So I am looking for some sort of funded trading opportunity.
Would anyone have any insight? I WAS fairly skilled, consistently profitable. I still believe I have a good temperament for trading.
Would any of the TRUE props be interested in an experienced trader making a return to the business? I would prefer going back to work for someone.
Thanks in advance to anyone who can provide insight.
Respectfully,
Xicaju
After graduating from college in 1997, I went straight into trading with a boutique investment firm. After much punishment, I ended up with a small team within the company trading risk arb. I traded deals like SBC/BEL, AIG/SUN and MOB/XON. It was a profitable for me and the company. Times were good. Then, what seemed like overnight, we quit making money. It was terrible.
In 2000, I ended up leaving that firm and going over to a high-frequency equity trading startup that had a developer to trader ratio of like 2:1. Times were good again (think fast cars and expensive vacations here). They were really good. Then something happened. I started making less money and I got burned out.
I caught an entrepreneurial bug from a friend and who convinced me to start a company complete outside of trading. I took my winnings and went.
Over the next five years, I ran this company did quite well. It wasn't as rewarding as trading but it was a good living.
Fast forward to 2009. This recession has destroyed our company and our customers are filing bankruptcy left and right and leaving us with nothing (think construction industry here). I have learned that trading, in my opinion, is no more risky than being in business for yourself.
All the above being stated, how the heck do I get back into it? All my original winnings have been zapped by my failing business. So I am looking for some sort of funded trading opportunity.
Would anyone have any insight? I WAS fairly skilled, consistently profitable. I still believe I have a good temperament for trading.
Would any of the TRUE props be interested in an experienced trader making a return to the business? I would prefer going back to work for someone.
Thanks in advance to anyone who can provide insight.
Respectfully,
Xicaju
