How to become a trader in a company for job?

Quote from streetgangs:

why would a doctor, engineer, or lawyer or anyone making 6 figures with a steady pay check quit their job to daytrade or trade their own capital?
yes, i don't know the reason.
but one thing is sure ,use the way someone success in his area into trading is different.in other word, working experience and trading scuess is totally different~i think~
 
if your system is that good you should be able to get some funding. than again, it's sales, most hedge fund managers are good salesman and have good investor networks, that have cash to throw around. these big investment funds spread their investments in hundreds of hedge funds so they don't put all their money in one hedge fund manager.


Quote from jasonfu9388:

i 'm 26,still at home with my not much money , trade for some small money. so is there a job for trading ? how could i get this job ,just as doing my favorite thing-trading. i think i have a fixed system and want to prove it ,but i think if i keep myself will be not advance~

so ,what do you think?
 
Quote from streetgangs:

start your own hedge fund.

wall street is just like gangs small gangs and big gangs participating in the 'market'
thank you i need a good partner or good opportunity~haha:)
 
are you a troll?

floor traders make money before it was electronic. floor traders used to make over 6 figures who get cut of limit orders. it was basically dark pool market. that is the reason the floor trading in CME lasted that long. profits.

Quote from jasonfu9388:

yes, i don't know the reason.
but one thing is sure ,use the way someone success in his area into trading is different.in other word, working experience and trading scuess is totally different~i think~
 
Quote from streetgangs:

if your system is that good you should be able to get some funding. than again, it's sales, most hedge fund managers are good salesman and have good investor networks, that have cash to throw around. these big investment funds spread their investments in hundreds of hedge funds so they don't put all their money in one hedge fund manager.
thank you~i will consider your good advice~
best wishes~
 
a trader working for an hedge fund or insitution like market makers don't trade like home traders do. they are not descretionary traders they don't do any directional trades or speculate at all.




Quote from streetgangs:

are you a troll?

floor traders make money before it was electronic. floor traders used to make over 6 figures who get cut of limit orders. it was basically dark pool market. that is the reason the floor trading in CME lasted that long. profits.
 
before the gov't regulated the market in the 1930's anyone call themself a investment manager and you ddin't need a license to trading other people's money.

and kids could trade the market too even at age 15 years old. and open their trading accounts without parents signature.


Quote from jasonfu9388:

i 'm 26,still at home with my not much money , trade for some small money. so is there a job for trading ? how could i get this job ,just as doing my favorite thing-trading. i think i have a fixed system and want to prove it ,but i think if i keep myself will be not advance~

so ,what do you think?
 
The main reason the industry is so regulated is too much FRAUD. all investment reps or broker/dealers have to pay insurance fee against fraud of clients money. that is the only reason it's regulated. too many people making bogus claims or high returns and people send them money and the money is nevers seen again.

even now it's regulated, there is still a lot of fraud .imagine if not regulated. customer funds are protected from fraud as all brokers/dealers and investment fund dealers have 'insurance' against fraud. if you are registered, you have overhead like $500 per month and pay much higher data and software fees.

Quote from jasonfu9388:

i 'm 26,still at home with my not much money , trade for some small money. so is there a job for trading ? how could i get this job ,just as doing my favorite thing-trading. i think i have a fixed system and want to prove it ,but i think if i keep myself will be not advance~

so ,what do you think?
 
easy money is in commissions and fees. like management expense fees. not from trading your own capital.

if you have a book of business of say 10 million. and you charge 2/20 rule which is 2% plus 20% of profits. it's $200,000 plus 20% so you can make 25% of 10 million is 2.5 million 20% of that is $500,000 million/year in fees.

assuming your profitable.

then again, you have high cost to running hedge fund and usually your clients can close their accounts with notice. 1 year notice.

Quote from streetgangs:

The main reason the industry is so regulated is too much FRAUD. all investment reps or broker/dealers have to pay insurance fee against fraud of clients money. that is the only reason it's regulated. too many people making bogus claims or high returns and people send them money and the money is nevers seen again.

even now it's regulated, there is still a lot of fraud .imagine if not regulated. customer funds are protected from fraud as all brokers/dealers and investment fund dealers have 'insurance' against fraud. if you are registered, you have overhead like $500 per month and pay much higher data and software fees.
 
now if you have over 1 billion AU, your in the big leagues. like banks.

Quote from streetgangs:

easy money is in commissions and fees. like management expense fees. not from trading your own capital.

if you have a book of business of say 10 million. and you charge 2/20 rule which is 2% plus 20% of profits. it's $200,000 plus 20% so you can make 25% of 10 million is 2.5 million 20% of that is $500,000 million/year in fees.

assuming your profitable.

then again, you have high cost to running hedge fund and usually your clients can close their accounts with notice. 1 year notice.
 
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