How To Go From Retail To Institutional Trader
- Thread starter Fundlord
- Start date
Yes, my starting sum after all deposits.
I now have low 5 figures after taxes and expenses.
This doesn't add up. This guy was posting here in March claiming he had increased his account by 1000% and had high 5 figures in capital....
http://www.elitetrader.com/et/index...-account-over-1-000-want-to-get-hired.290568/
Now he says he has low 5 figures, with no mention of how he went from high 5 figs to low 5 figs.... except it's really 4 figs.... so what happened??
http://www.elitetrader.com/et/index...-account-over-1-000-want-to-get-hired.290568/
Now he says he has low 5 figures, with no mention of how he went from high 5 figs to low 5 figs.... except it's really 4 figs.... so what happened??
This doesn't add up. This guy was posting here in March claiming he had increased his account by 1000% and had high 5 figures in capital....
http://www.elitetrader.com/et/index...-account-over-1-000-want-to-get-hired.290568/
Now he says he has low 5 figures, with no mention of how he went from high 5 figs to low 5 figs.... except it's really 4 figs.... so what happened??
I had a thread where I was 40% in the hole trying out a new strategy with real money like a fool + paid taxes + stupid lifestyle expenses = reason I went from high 5 to low 5.
I don't know where this 4 figure thing is coming from I must have mistyped something.
Have you considered FundSeeder or even a ranking in a place like Forex Peace Army?
And also this video series from an ex Goldman Sachs trader explains some of the primary differences between professional and retail trader:
Understanding how markets are structured might help also: Trading and Exchanges - Market Microstructure for Practitioners It's over a decade old, but not outdated as markets are fundamentally structured the same way.
One of the greatest problems in trading is the lack of transparency in career path, although that is clearing up with programs like FundSeeder. If you wanted to be a chef, you would go to a restaurant that you respected, talk to the chef or food management staff and ask them what it takes to become a chef. It's likely a combination of vocational school and then hands-on training as an apprentice where you actually practice cooking. There may be scams involved in the industry, but it wouldn't take long for you to see whether the teachers or trainers genuinely knew what they were talking about or doing. And you can usually do that before making any serious monetary investment. Most professions operate similiarly.
The virtual nature of derivatives trading, combined with the shroud of privacy and secrecy in some cases of how the monetary system works is what keeps a lot of people in the dark about bona fide professional trading opportunities. Many hucksters and con artists take advantage of people who simply don't know where to begin.
Btw, the same author of the previous video also spoke at a college and one important improvement for your resume is to demonstrate you have a real passion for trading, which would come from opening up a trading account and actually trade (you're already doing this
) This video series might be more relevant to what you're trying to do as Anton digs deeper into the different categories of career trading.
I hope this helps. This is a lot more (and concise) than what MaAT or I had when we started trading.
And also this video series from an ex Goldman Sachs trader explains some of the primary differences between professional and retail trader:
Understanding how markets are structured might help also: Trading and Exchanges - Market Microstructure for Practitioners It's over a decade old, but not outdated as markets are fundamentally structured the same way.
One of the greatest problems in trading is the lack of transparency in career path, although that is clearing up with programs like FundSeeder. If you wanted to be a chef, you would go to a restaurant that you respected, talk to the chef or food management staff and ask them what it takes to become a chef. It's likely a combination of vocational school and then hands-on training as an apprentice where you actually practice cooking. There may be scams involved in the industry, but it wouldn't take long for you to see whether the teachers or trainers genuinely knew what they were talking about or doing. And you can usually do that before making any serious monetary investment. Most professions operate similiarly.
The virtual nature of derivatives trading, combined with the shroud of privacy and secrecy in some cases of how the monetary system works is what keeps a lot of people in the dark about bona fide professional trading opportunities. Many hucksters and con artists take advantage of people who simply don't know where to begin.
Btw, the same author of the previous video also spoke at a college and one important improvement for your resume is to demonstrate you have a real passion for trading, which would come from opening up a trading account and actually trade (you're already doing this
) This video series might be more relevant to what you're trying to do as Anton digs deeper into the different categories of career trading.I hope this helps. This is a lot more (and concise) than what MaAT or I had when we started trading.
Have you considered FundSeeder or even a ranking in a place like Forex Peace Army?
And also this video series from an ex Goldman Sachs trader explains some of the primary differences between professional and retail trader:
Understanding how markets are structured might help also: Trading and Exchanges - Market Microstructure for Practitioners It's over a decade old, but not outdated as markets are fundamentally structured the same way.
One of the greatest problems in trading is the lack of transparency in career path, although that is clearing up with programs like FundSeeder. If you wanted to be a chef, you would go to a restaurant that you respected, talk to the chef or food management staff and ask them what it takes to become a chef. It's likely a combination of vocational school and then hands-on training as an apprentice where you actually practice cooking. There may be scams involved in the industry, but it wouldn't take long for you to see whether the teachers or trainers genuinely knew what they were talking about or doing. And you can usually do that before making any serious monetary investment. Most professions operate similiarly.
The virtual nature of derivatives trading, combined with the shroud of privacy and secrecy in some cases of how the monetary system works is what keeps a lot of people in the dark about bona fide professional trading opportunities. Many hucksters and con artists take advantage of people who simply don't know where to begin.
Btw, the same author of the previous video also spoke at a college and one important improvement for your resume is to demonstrate you have a real passion for trading, which would come from opening up a trading account and actually trade (you're already doing this
I hope this helps. This is a lot more (and concise) than what MaAT or I had when we started trading.
I watched that about a year ago, while its true he said that he also has an agenda in teaching you his trading course.
HR see hundreds of CV's, ivy league 4.0 GPA and they all go in the bin. But if you have trading experience and demonstrated a real passion for financial markets HR have to send it to management.
According to Mr. Kreil
Does anyone know anything about his "retail" trading methods? From what I understand he's teaching people to formulate fundamental ideas and hold positions until they are profitable with some diversification.
Again, just what I gathered from what's out there - anyone have any knowledge on this?
Again, just what I gathered from what's out there - anyone have any knowledge on this?