Looking for a Reputable Prop Firm trading Options

Quote from sle:

There is no proven system that will last a life time, any statistical edge that you would learn would decay relatively quickly. Change is the only thing certain about markets and the only way to remain profitable is to keep innovating.

Options trading, as an exclusive activity, is very mathematical and, in proprietary setting, very statistical. It's also good if you can program so you can do your own simulations and back-testing. These days, to become a successful options trader you need both formal education as well as "osmotic" learning. A formal education in mathematics, statistics and computer science will allow you to quickly learn new concepts and do your own research. Once you have the skill set, coming up with profitable strategies is not that hard.

I'd agree with the others, go back to school and finish your degree. The days when you can drop out of high school and get rich quickly by being an options market maker are long gone.
More...



What Sle said !
 
Quote from kekoa342:

Theres nothing about school and a degree that guarantees any sort of success. The only thing I can count on is thousands of dollars of debt. I'm not here to argue about the subject of institutional education because everyone has different beliefs on the matter, school just isn't for me.

I believe in hard work in anything you are passionate about. I'm not passionate about school, I have a passion for trading and I'm going to continue to follow through with what I believe can work.

I don't care if anyone thinks I am possibly setting myself up for failure, because in the end its all on me and the effort I put in.

I am mainly looking for a trading community so that I can plug into and learn a proven system to make money. I also want to join one so that I can interact with other traders who trade with a similar approach.
More...

you are a fool.
 
Quote from kmgilroy89:

If you can self-teach yourself probability/statistics and programming then I really don't think it's necessary to go to college. Maybe take some courses at a community college to get started. I could be wrong, but I don't think that most people are using advanced calculus. However, if you're just trading like an addictive gambler, not basing your strategy off of math, and you're not back testing your strategies you're most likely doomed to fail.
More...

Of course, you can teach yourself anything and everything. Ad ultimum, Srinivasa Ramanujan have become a great mathematician without any formal training. Question is - you certain could learn on your own, but would you? For example, if the school was free, would you still go to school?
 
Good Lord... Newbie's mistakes all over the place.

College is not about whatever it is they teach, it's about a piece of paper you can fall back on if things go sour. You don't have that.

You say you started trading back in Feb., so basically you have a couple month's exp. and that's it. Trading takes YEARS to learn! Forums offer plenty of (piecemeal) info, but you really have to search to find gems.

At least with a degree and some certification you could have had a stable job in the Finance industry to support you while your trading exp. grows. Going all-in on trading right off the bat is some hard learning as you now know.

It's great that you believe that you can get by on your own, but that's hard living.

Best of luck whatever the case. You're 20; plenty of time for choices.
 
You must log in or register to reply here.
Back
Top