Early career as a trader?

M

MainSt

Hi everyone, I'm new to this site and I'm not quite sure if I am in the correct forum. Anyways, let's begin the story! :)

I'm 21, currently in my 3rd year in college. I started day-trading in my freshman year but I never really got serious until recently. My dream job is to become a day-trader working at home. I'm very passionate about trading stocks, it's just the general idea of entering a stock at a support, exiting near resistance and being able to cash out profit really fascinates me. As many of inspired individuals, I want to jumpstart my career. However, day-trading hasn't been working out for me since freshman year due to my low capital. Don't get me wrong, I've been and still am working hard to earn enough capital. I've never had a long winning streak due to school and work.

I'm currently entering the accounting field and my plan so far is to strike a job at an accounting firm, earn enough capital and start trading. It doesn't really sound promising and that is why I am here to hear your advice, experience and stories.

To not make things sound complicated and confusing, I'll just list a few questions for you guys to answer if you don't mind.

1. How and when did you start getting into day-trading as a career/part-time?

2. At what time/year did you start getting profitable?

3. Is it true to you that you need a lot of money to make money and if so, what is the general range of capital needed for a day-trader?

4. What is your general ratio of your wins and losses?

5. What is your trading strategy, in general (no need to go into details if you don't want to)?

6. What advice would you give me in regards to my plan or my career?

7. Any other comments, please feel free to leave them here.

Sorry for the long list of questions, thanks for reading this!! I really appreciate it :)
 
your dream job should be a hedge fund manager managing 1 billion of other people's money.

traders work for hedge funds and banks and corporations as an 'employee'


Quote from MainSt:

Hi everyone, I'm new to this site and I'm not quite sure if I am in the correct forum. Anyways, let's begin the story! :)

I'm 21, currently in my 3rd year in college. I started day-trading in my freshman year but I never really got serious until recently. My dream job is to become a day-trader working at home. I'm very passionate about trading stocks, it's just the general idea of entering a stock at a support, exiting near resistance and being able to cash out profit really fascinates me. As many of inspired individuals, I want to jumpstart my career. However, day-trading hasn't been working out for me since freshman year due to my low capital. Don't get me wrong, I've been and still am working hard to earn enough capital. I've never had a long winning streak due to school and work.

I'm currently entering the accounting field and my plan so far is to strike a job at an accounting firm, earn enough capital and start trading. It doesn't really sound promising and that is why I am here to hear your advice, experience and stories.

To not make things sound complicated and confusing, I'll just list a few questions for you guys to answer if you don't mind.

1. How and when did you start getting into day-trading as a career/part-time?

2. At what time/year did you start getting profitable?

3. Is it true to you that you need a lot of money to make money and if so, what is the general range of capital needed for a day-trader?

4. What is your general ratio of your wins and losses?

5. What is your trading strategy, in general (no need to go into details if you don't want to)?

6. What advice would you give me in regards to my plan or my career?

7. Any other comments, please feel free to leave them here.

Sorry for the long list of questions, thanks for reading this!! I really appreciate it :)
More...
 
it's an old industry.

career route was


broker /trader.
portfolio manager


both require gov't licensing and regulated industry. you cannot even solicit investments for stocks or any investment from the "public" without being licensed.

Quote from MainSt:

Hi everyone, I'm new to this site and I'm not quite sure if I am in the correct forum. Anyways, let's begin the story! :)

I'm 21, currently in my 3rd year in college. I started day-trading in my freshman year but I never really got serious until recently. My dream job is to become a day-trader working at home. I'm very passionate about trading stocks, it's just the general idea of entering a stock at a support, exiting near resistance and being able to cash out profit really fascinates me. As many of inspired individuals, I want to jumpstart my career. However, day-trading hasn't been working out for me since freshman year due to my low capital. Don't get me wrong, I've been and still am working hard to earn enough capital. I've never had a long winning streak due to school and work.

I'm currently entering the accounting field and my plan so far is to strike a job at an accounting firm, earn enough capital and start trading. It doesn't really sound promising and that is why I am here to hear your advice, experience and stories.

To not make things sound complicated and confusing, I'll just list a few questions for you guys to answer if you don't mind.

1. How and when did you start getting into day-trading as a career/part-time?

2. At what time/year did you start getting profitable?

3. Is it true to you that you need a lot of money to make money and if so, what is the general range of capital needed for a day-trader?

4. What is your general ratio of your wins and losses?

5. What is your trading strategy, in general (no need to go into details if you don't want to)?

6. What advice would you give me in regards to my plan or my career?

7. Any other comments, please feel free to leave them here.

Sorry for the long list of questions, thanks for reading this!! I really appreciate it :)
More...
 
the only difference between trading your 'personal account' versus managing other people's money..

you can trade and investment in anything with your 'personal accoun't but with other people's money you have to have investment prospectus and you can be sued by your 'investors'


Quote from MainSt:

Hi everyone, I'm new to this site and I'm not quite sure if I am in the correct forum. Anyways, let's begin the story! :)

I'm 21, currently in my 3rd year in college. I started day-trading in my freshman year but I never really got serious until recently. My dream job is to become a day-trader working at home. I'm very passionate about trading stocks, it's just the general idea of entering a stock at a support, exiting near resistance and being able to cash out profit really fascinates me. As many of inspired individuals, I want to jumpstart my career. However, day-trading hasn't been working out for me since freshman year due to my low capital. Don't get me wrong, I've been and still am working hard to earn enough capital. I've never had a long winning streak due to school and work.

I'm currently entering the accounting field and my plan so far is to strike a job at an accounting firm, earn enough capital and start trading. It doesn't really sound promising and that is why I am here to hear your advice, experience and stories.

To not make things sound complicated and confusing, I'll just list a few questions for you guys to answer if you don't mind.

1. How and when did you start getting into day-trading as a career/part-time?

2. At what time/year did you start getting profitable?

3. Is it true to you that you need a lot of money to make money and if so, what is the general range of capital needed for a day-trader?

4. What is your general ratio of your wins and losses?

5. What is your trading strategy, in general (no need to go into details if you don't want to)?

6. What advice would you give me in regards to my plan or my career?

7. Any other comments, please feel free to leave them here.

Sorry for the long list of questions, thanks for reading this!! I really appreciate it :)
More...
 
Quote from MainSt:

Hi everyone, I'm new to this site and I'm not quite sure if I am in the correct forum. Anyways, let's begin the story! :)
More...

I was going to pass this by, but you never know who's going to have what it takes and who isn't. The fact that you haven't found success in two years is not a plus, but hey.

So I tell you what. Take a look at the beginning of the first thread listed here:

If You Can Draw A Straight Line

Son of If You Can Draw A Straight Line

Bride of If You Can Draw A Straight Line

Ghost of If You Can Draw A Straight Line

If it sounds interesting, look at the beginning of the second. Then the third. If you're still interested, I'll be happy to advise you regarding the development of a trading plan. If not, then we've saved each other a lot of time.

In any case, you may be interested in someone else's journey in developing a trading plan:

Making Of A Method

You may be getting a lot of responses to your questions. Sorting through them will be a trial. But you asked, and you'll just have to do it.

Incidentally, until you get five posts, you'll continue to be moderated, and it may take a while before your posts show up. It's a PITA, but there it is. In the meantime, I suggest you familiarize yourself with the site and start reading.
 
Quote from noprofessionals:

your dream job should be a hedge fund manager managing 1 billion of other people's money.

traders work for hedge funds and banks and corporations as an 'employee'
More...

I'm not really into hedge fund or managing other people's money, to be honest. But thanks for the suggestion, I appreciate it!

Quote from dbphoenix:

I was going to pass this by, but you never know who's going to have what it takes and who isn't. The fact that you haven't found success in two years is not a plus, but hey.

So I tell you what. Take a look at the beginning of the first thread listed here:

If You Can Draw A Straight Line

Son of If You Can Draw A Straight Line

Bride of If You Can Draw A Straight Line

Ghost of If You Can Draw A Straight Line

If it sounds interesting, look at the beginning of the second. Then the third. If you're still interested, I'll be happy to advise you regarding the development of a trading plan. If not, then we've saved each other a lot of time.

In any case, you may be interested in someone else's journey in developing a trading plan:

Making Of A Method

You may be getting a lot of responses to your questions. Sorting through them will be a trial. But you asked, and you'll just have to do it.

Incidentally, until you get five posts, you'll continue to be moderated, and it may take a while before your posts show up. It's a PITA, but there it is. In the meantime, I suggest you familiarize yourself with the site and start reading.
More...

I'll definitely give these threads a go!

One of the problems I always face when it comes to trading is the process of executing the trade. I guess it's because of my psychological and emotional state of mind when it comes to that. Anyways, thanks for the suggestions. I appreciate it!
 
You must log in or register to reply here.
Back
Top