How to become a prop trader being a foreigner and a music graduate?
- Thread starter skatuka
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"Hope is a good thing, maybe the best of things..." remember Andy's line form "Shawshank Redemption"?
but i will add to it some clarification: One should only hope, when one does it himself.
which means:
1. do not hope that all so-called mentors will teach you how to trade ... (if they knew how to make money trading they would make money themselves)
2. do not hope that some one will bring you to America.
3. etc, etc...
Self-reliance is the only thing in life can that gives you a glimmer of hope.
That's why Andy himself dug it for 28 years.
You should learn by yourself. Trial and error. No one will teach you a winning concept... Move to the US when you're successful. Start trading with virtual or small money and see how it goes.
Probably true. I like the bullet point style so:
1) The upside of a prop firm is that you communicate with the fellow traders
2) You get an experienced mentor watching your steps
The reasons why it is a big challenge for me to get into a prop would be:
1) A lot of prop firms are desensetized by the general public, most part of which thinks that trading is easy and lucrative
2) Only 1% out of 100% become successful
How they would try to overcome these problems would be:
1) Try to play along the thought of easy money and sell useless strategies, books, courses etc.
2) To not embark on the project of discovering that 1% and just accept those who already have a positive traction.
What I offer is
1) My traction record in music. I was sponsored by Charles Wall scholarship in the UK. By the full scholarship at the school. President scholarship at the Uni. Bear in mind that I'm a foreigner (costs are higher. On a side note, English is my second language).
Got 1st prize in a composers competition. Played at various venues (have recordings if you want to hear me play)
2) Was able to overcome hardships with health normal people would consider to be too tough.
3) Practised 15 years for 4-8 hours a day.
4) constantly working on myself
5) I never forget those who help me. I understand that most people, when they are alright, forget about other people who got them out of trouble. I do my best in recognizing practical aid and determining the appropriate practical response.
Are you able to get employment as a pianist and trade on the side?
Some practical suggestions---rather than the mostly nonsensical moronic advice like "teach yourself" and "spend months starring at charts" you will get on this board. all the greats had mentors and teachers. What u do with this advice is up to you----
Roy nie;;derhoffe:r is a leading hedge fund manager. He is also an accomplished musician.
.
http://toptradersunplugged.com/roy-...ing_wp_cron=1435422719.7700359821319580078125
If you are serious And really smart
Perhaps there could be some synergy-- why not drop him a line. He may need an intern or something. Good luck. surf
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No, the private teaching market is extremely oversaturated and a school teacher's salary is like 3 dollars an hour full time with no career perspectives. On top of that, working a full time job is impossible if you are serious about trading.
I did write a short message to Roy, thanks.
Regarding the moronic advices, they are true in a sense that everything comes with a hard and smart labour.
However, the luckiest people out of many tend to assign a huge deal of this luck to something that they worked for.
In "The Education of a Speculator" Victor Niederhoffer talks about asking a colleague to code to the motion/ waves of music....