You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Give advice to a young buck...
- Thread starter wutangfinancial
- Start date
^scuze me?
my GPA is just under a 3.0 at the moment. My school is notorious for tough grading, and is ranked very highly now adays (#1 in Canada, #12 in the world by THES). Still, there's no on campus recruiting from NY; talk about provincialism.
I'm good at sales, BTW. And I have an intern offer from an independent financial consultancy here.
I'm good at sales, BTW. And I have an intern offer from an independent financial consultancy here.
I'm sort of in your situation, only difference I have a degree in Engr. My advise to you is to get a Real job with a steady income. You can save TONS of money living with mom and dad. One of THE MAIN reasons so many people fail IMO is they are undercapitalized. You really do have to have money to make money.
I would study up on the markets in all you free time. You need to decide what vehicles you want to trade as well as timeframes. You need to do a lot of Psychological work to see what subconscious tendencies you have that will interfere with you decision making/taking money out of the markets. Also, learn how to manage risk!
I have spent the last 2-3 years reading/learning/saving my money. I'm getting ready to open a paper account the beginnig of next year and hopefully go live soon after that.
I would recommend these two books to you to start:
Disciplined Trader by Mark Douglas
Trade Your Way to Financial Freedom by Van K. Tharp
They provide GREAT insite to what it takes. They get mixed reviews some places, but look at who reviews books and keep that in mind.
Goodluck!
I would study up on the markets in all you free time. You need to decide what vehicles you want to trade as well as timeframes. You need to do a lot of Psychological work to see what subconscious tendencies you have that will interfere with you decision making/taking money out of the markets. Also, learn how to manage risk!
I have spent the last 2-3 years reading/learning/saving my money. I'm getting ready to open a paper account the beginnig of next year and hopefully go live soon after that.
I would recommend these two books to you to start:
Disciplined Trader by Mark Douglas
Trade Your Way to Financial Freedom by Van K. Tharp
They provide GREAT insite to what it takes. They get mixed reviews some places, but look at who reviews books and keep that in mind.
Goodluck!
Quote from wutangfinancial:
^Man, I wish my GPA was higher. I have a feeling I'll regret it for the rest of my life.
I saw this and wanted to comment ... the only thing that will affect is your first job - after that the ball is in your court.
Bust your butt from here on out - your GPA can't hold you back from working hard in the future and making life into what you want!
If you were capable of more, work that much harder from here on out to fill in that gap!
Quote from wutangfinancial:
I'm 22, graduating next year from a good University, majoring in economics.
I don't have the GPA/skillset for institutional S&T, but I love the market. I spend inordinate amounts of time designing portfolios, working as an analyst for the investment club, and I am starting as a part time prop trader (mostly for fun/experience).
What would you recommend in terms of a career path given my interests? How would I go about turning my passion for equities trading into a feasible career?
My suggestion is; use the search feature.
Good Luck!