Life after prop trading

[chipmunk]

This is my worry as well.When the music stops then what?

I guess you can that about any business though.

 

[trendmomentum]

Consider this as a natural career progression for a successful trader!

 

[Red_Ink_inc]

Quote from Szeven:

every successful trader i know is completely unemployable at any job.

Take red_ink for example. Havent seen him put to use that formal education anytime recently. I suppose he is an expert at replacing his space bar, but that doesnt normally require an electronics degree LOL

unsuccessful traders that have stopped trading i knew from the past seem to have adjusted to normal live quite naturally.

That folks, is comedy.

 

[Red_Ink_inc]

Quote from Dustin:

No way! Here's some jobs for traders I know:

Male gigolo
Professional dirtbiker
Pervy lifeguard
Professional free t-shirt collector
Selling companies to Ebay
the list goes on...

As you can see there's a whole world out there of easy, fun, high paying jobs!

D, do I even want to know who the gigolo is?

P.S. Thanks for making me spray hot chocolate across my monitor.

 

[0verbyte]

from my experience, the unsuccessful prop traders left the business within a year or two and took some corporate job, accountant, trade support / operations etc. and those jobs are not that easy to come by because of that prop trading history on their resume. corporations big and small look at prop trading as a big DANGER sign.

the moderately successful traders who blew all their money cars, beach houses, coke and strippers wind up bouncing from one sales trading job to another because they still have delusions of their previous grandeur.

the very successful prop traders either leave the business entirely at the age of 30/35 and begin to actually enjoy real life or they start their own prop firms/groups.

 

[tommcginnis]

Quote from trendmomentum:

Consider this as a natural career progression for a successful trader!

Well, that's the only way *I'm* gettin' any.

 

[Dustin]

Quote from Red_Ink_inc:

D, do I even want to know who the gigolo is?

P.S. Thanks for making me spray hot chocolate across my monitor.

I'm thinking of the one who thinks a 20 y.o. is too old

 

[Ex-Swifttrader]

Prop trading is a great experience, fun, but being moderately successful is just not good enough to pay regular bills and have dependents. I moved into financial services were I’m on the receiving side of commissions rather than the paying out side. After a few years of building business up, you will even have a steady income stream from trailer and renewal commissions. And you can trade your own account all that you want.

 

[ericryan1000]

Quote from 0verbyte:

from my experience, the unsuccessful prop traders left the business within a year or two and took some corporate job, accountant, trade support / operations etc. and those jobs are not that easy to come by because of that prop trading history on their resume. corporations big and small look at prop trading as a big DANGER sign.

the moderately successful traders who blew all their money cars, beach houses, coke and strippers wind up bouncing from one sales trading job to another because they still have delusions of their previous grandeur.

the very successful prop traders either leave the business entirely at the age of 30/35 and begin to actually enjoy real life or they start their own prop firms/groups.

very true. the moderating successful notation is very true for several finance related jobs.

 

[Mecro]

Quote from Ex-Swifttrader:

Prop trading is a great experience, fun, but being moderately successful is just not good enough to pay regular bills and have dependents. I moved into financial services were I’m on the receiving side of commissions rather than the paying out side. After a few years of building business up, you will even have a steady income stream from trailer and renewal commissions. And you can trade your own account all that you want.

LOL!

You're in for quite a surprise there, kiddo. Should have stayed with prop trading if you were making a living.