900K job offer is unlikely but infinitely more plausible than a 120 sharpe ratio.
Nothing that you say makes any sense. If you were as good of a trader as you claim, taking any salaried job would just be a waste of your time.
How much do you aspire to make per year trading
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900K job offer is unlikely but infinitely more plausible than a 120 sharpe ratio.
Nothing that you say makes any sense. If you were as good of a trader as you claim, taking any salaried job would just be a waste of your time.
I'm not selling anything. At this point, I do think it's easy. I have 10 years of trying to figure it out.
The difficult part is the human ego.
Poor guy. How do you go through life disbelieving everything that is good. How do you think I end up doing crazy shit? It's because I don't put limits on what is possible. What if I told you that I have stayed at a billionaire's house or partied with Carlos Santana?
Your statement is my current conundrum and the primary reason I am looking to size up. Convince myself that I should do one or the other. I'm leaning towards the job, because I don't quite trust that I've *really* figured it out.
I have till August.
What's next, now you won't believe that I fasted for 48 hours?
Take the fucking job, dude. There are people out there who would literally kill you to have that opportunity.
The trading will always be there when you get home from your job, but the job will not always be there if you trade and do not take the job. Don't be a fool.
Yeah, that is the math I am doing right now. If the job doesn't work out, I can go back to trading/consulting anyway and I have the added bonus of this job.
One major difference though is that I get taxed as an employee, while for trading I can (so far) pay only a rate of 20%. Makes a difference.
That is a bullshit excuse, which shows you are fearful. I have always maintained that I would love to be taxed at 40% making a million dollars per year, than getting taxed at 20% trading with 100K profits, or whatever.
The more tax I have to pay, the happier I am, because I AM MAKING MORE MONEY!
Trading is a job where you pay money to work. A job is where you get paid to work. It is a HUGE difference. Don't fuck it up. TAKE THE JOB!
Literally my internal monologue...
Look at it this way. You already HAVE the trading "job". This new external gig is something offered to you, so it is something extra. Whether you take the job or not, the trading will still be there. You have two avenues of income. But if you do NOT take the job? You have just the trading once again. It's a no-brainer.
900K per annum at 40% tax, or 0 dollars at zero tax. WHy is this even a discussion. You are starting to piss me off. You have ZERO idea how lucky you are to get that job offer.
Actually the real math is this...
Expected value of job vs expected value of trading.
I know, without a shadow of a doubt in my mind, I can earn 252K/year trading. I don't even have to guess. I know this is a fact. I don't care about sharpe ratio, I don't care about anything else. I can be done "work" by 11am and I know I will have made a salary equivalent to 252K in a year. After taxes that is around 201K, which works out to a net daily rate of ~ $800 and an hourly rate of (say) $200/hour.
The job is a guarantee base + bonus = 900K. Let's say the expected value of that is around 750K. I get taxed at 40% which leaves 450K which works out a net daily rate of $1800 and an hourly rate of (8 hours of work) 225.
The first gives me an opportunity to earn more through consulting, or sizing up trading.
The second, I am capped. And I have to deal with office politics.
It is actually NOT as simple as you might think!!!!
Ah you smart guy. The problem is I cannot trade the way I do with the new job...
Trust me, I know I am lucky. I thank the universe every day for making me born at this time.
When I was in school, and we were doing internships, *every company* wanted me. My advisor said that I have an embarrassment of riches. Something, some sort of guiding hand has always made that true and I am super super super grateful every day.
I'm fully convinced he is full of shit, but if he can trade ES with even 10 sharpe (never mind 120) then 900K is chump change. Why would he spend 40+ hours a week to make some change that he doesn't need. Time is more valuable than money to a rich person.
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