I feel like fundamental analysis is completely useless

One of the reasons I chose trading was to avoid the IB hours...

Maybe I was treated a little crappy early on,but it was all part of the process..No complaints here...or should I say now:)

RGLD said:
I use to work in an investment bank until I couldn't deal with the hours anymore. I was just an analyst so they treated me like crap.. yea.. :)
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taowave said:
One of the reasons I chose trading was to avoid the IB hours...

Maybe I was treated a little crappy early on,but it was all part of the process..No complaints here...or should I say now:)
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So you quit IB completely and decided to just trade? That's great! I don't know if I can truly do that. Even though I'm profitable most weeks I dont't want to cut-off another income stream.

To give more context - they'll treat me good!! but all the crap that nobody wants to do ends up on my desk and customers that nobody wants to deal with. :)
 
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Not quite..Retired pretty early to pursue my passions,did some real estate,and came back to trading when covid hit..Found an innefiency in AAPL,traded 100,000 contracts in 3 months closing it and am now looking to trade without being glued to the screen all day long....there you have it:)


RGLD said:
So you quit IB completely and decided to just trade? That's great! I don't know if I can truly do that. Even though I'm profitable most weeks I dont't want to cut-off another income stream.

To give more context - they'll treat me good!! but all the crap that nobody wants to do ends up on my desk and customers that nobody wants to deal with. :)
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taowave said:
Not quite..Retired pretty early to pursue my passions,did some real estate,and came back to trading when covid hit..Found an innefiency in AAPL,traded 100,000 contracts in 3 months closing it and am now looking to trade without being glued to the screen all day long....there you have it:)
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Before Covid, I felt like I can quit and trade full time, but like any cautious trader, I'm scared the market will change and my system will not work anymore.
 
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RGLD said:
Before Covid, I felt like I can quit and trade full time, but like any cautious trader, I'm scared the market will change and my system will not work anymore.
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And then you will have lost time in your career.

stick it out in I-banking. The money is good and you have options (especially if you sock away a few million).
 
RGLD said:
Before Covid, I felt like I can quit and trade full time, but like any cautious trader, I'm scared the market will change and my system will not work anymore.
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newwurldmn said:
stick it out in I-banking. The money is good and you have options (especially if you sock away a few million).
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Up to a point. It is OK if you like your day job but life is too short and money isn't everything if you don't like your day job.

There are a lot of things in life we thought we couldn't do without but we really could do without.
 
Not sure how old RG is or if he's working for a "Goldman" or not,but if he wants to make real money (FU)and retire early,then he needs "suck it up" and bring his A game... If he doesnt, the next guy in line is coming for his lunch money...

I fully get your point,but working in Investment Banking is not a walk in the park,and it's not for everyone..

.He should think long and hard about leaving IB and trading for himself...











ironchef said:
Up to a point. It is OK if you like your day job but life is too short and money isn't everything if you don't like your day job.

There are a lot of things in life we thought we couldn't do without but we really could do without.
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taowave said:
Not sure how old RG is or if he's working for a "Goldman" or not,but if he wants to make real money (FU)and retire early,then he needs "suck it up" and bring his A game... If he doesnt, the next guy in line is coming for his lunch money...

I fully get your point,but working in Investment Banking is not a walk in the park,and it's not for everyone..

.He should think long and hard about leaving IB and trading for himself...
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Agree @RGLD should think long and hard. Not just I Banking, any corporate job that pays well is the same.

In life, just like in trading, luck plays a major part in how it comes out. I am extremely lucky for catching the big wave and rode it, allowing a hobby to morph into a second career. If I did it in any other time period I might still be working my day job.
 
I cant speak for RGLD,but if he hangs in there and is good at what he does,he should be looking at 500k to millions per year.And that is not including the stock he gets at a 25% discount..
 
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