Looking for Elite Trading Mentor/Partners.

With your background...why are you not trying to get a job on the professional side at an institutional trading firm instead of going retail ???

In addition, why didn't you attend a university that had a trading room for its business/econ students or why not go to such at your age (back to school) while getting a post graduate degree ???

There are +100 universities (some elite colleges) across North America with trading rooms for students with your background and they're not doing such to go retail.

Simply, I do not know if you're still in contact with your former school as an alumni but most schools have guidance counselors that can guide you into the above including helping you to select that appropriate university for your post graduate studies and helping you to prepare for the entrance exams into post graduate studies.

wrbtrader

Thanks alot wrbtrader! Hedge fund or other financial institutions would be interesting to work for. But with some of the past professional experiences in different fields (legal/management), I would have take a nearly 40% pay cut to start off as analysts/associates, and not to mention my relatively inadequate finance experiences compare to fresh young Ivy league grads majored in finance/econ. Besides the pay cut, I also could't envision myself working in a hedge fund for 10-20 years. This might sound naive and weird, but my current state of mind painted my future self as either a freelanced trader and a future mom, or I go all in with forming/joining a fintech start-up, some kind of long-term vision.

Academic wise, besides business science in a mba joint program, years of interests in business books/information/research on the side, I did also obtained professional certificate in mergers and acquisition with new york institute of finance, and was in corporate finance program with UCLA. Had CFA preparation on my list of this year as well. But I've never heard any universities with trading rooms, except institutes like online trading schools. I'll research on it, thanks again!

Nevertheless, after I've spotted my interest in trading, wanted to be a professional trader or at least trade to get through this year, until my compass is located.

I am at an inflection point now, glad to found this platform and receive insights and help here, growing up I never had anyone around to guide or provide knowledge like you guys here. Much appreciated!
 
His missions can tell that this guy's not in it for the money.

That is an understatement, the way how they are selling cars at a loss. Still, if he wants to change the future, they could try to make a under 25K car. Oh wait, energy density and such prevents them...
 
That is an understatement, the way how they are selling cars at a loss. Still, if he wants to change the future, they could try to make a under 25K car. Oh wait, energy density and such prevents them...

A Cheap, Small City only Car Max speed 40mph, 60mile range would make sense, spend most of the time stationary so not using any energy unlike a normal car sat there idling, current cars are luxury segment, talking viable affordable 2nd car, saving your real car for distance driving.

You could do above for 12K I'd bet.
 
Thanks alot wrbtrader! Hedge fund or other financial institutions would be interesting to work for. But with some of the past professional experiences in different fields (legal/management), I would have take a nearly 40% pay cut to start off as analysts/associates, and not to mention my relatively inadequate finance experiences compare to fresh young Ivy league grads majored in finance/econ. Besides the pay cut, I also could't envision myself working in a hedge fund for 10-20 years. This might sound naive and weird, but my current state of mind painted my future self as either a freelanced trader and a future mom, or I go all in with forming/joining a fintech start-up, some kind of long-term vision.

Academic wise, besides business science in a mba joint program, years of interests in business books/information/research on the side, I did also obtained professional certificate in mergers and acquisition with new york institute of finance, and was in corporate finance program with UCLA. Had CFA preparation on my list of this year as well. But I've never heard any universities with trading rooms, except institutes like online trading schools. I'll research on it, thanks again!

Nevertheless, after I've spotted my interest in trading, wanted to be a professional trader or at least trade to get through this year, until my compass is located.

I am at an inflection point now, glad to found this platform and receive insights and help here, growing up I never had anyone around to guide or provide knowledge like you guys here. Much appreciated!


No fund is going to hire a 35yo analyst without ibank experience. Yes, hedge funds sound fun!
 
This is offtopic here, so I will keep it short.

A Cheap, Small City only Car Max speed 40mph, 60mile range would make sense

You could do above for 12K I'd bet.

Then why nobody (including Elon) is doing it? My take is that Americans just won't buy a car with less than at least a 100 miles range, and even that is just a glorified golf cart. But my point is, that is exactly what Tesla should be working on (a cheap, but highway worthy 150-200 miles range EV) if they actually want to change the world, instead of making luxury, government subsidizes cars for the riches.
 
...But I've never heard any universities with trading rooms, except institutes like online trading schools. I'll research on it, thanks again!...

I posted a detail list once many years ago of +100 universities in North America that have trading rooms including a list of Universities that compete in different types of international college competitons (UTC competitons) that also had a automated trading category.

Off the top of my head are the folowing considering you mentioned you didn't know that universities had trading rooms/finance labs:

Saint Joseph University @ https://sites.sju.edu/hsb-wstr/ (they use to have better photos of the inside of the trading room but you may be able to find them online in Google image search)

Penn State (smeal school of business) @ http://www.smeal.psu.edu/traderoom

Tulane University (they even have an energy blog) @ https://freeman.tulane.edu/energy-institute/trading

List of Universities in the college competitions @ https://www.universitytradingchallenge.com/universities/ (you can use that list to then put the school name in Google to research more carefully about their trading room for students).

For example, Drexel University is on the above list and if you then use Google to look up their trading room info...you'll find it @ https://www.lebow.drexel.edu/node/57283/all

Hofstra University is on that list and their trading room @ https://www.hofstra.edu/academics/colleges/zarb/tradrm/index.html

Penn State is on that list of universities @ https://www.smeal.psu.edu/traderoom

Closer look via Google images of Penn State trading room @ https://www.google.com/search?q=Pen...-4fiAhVxmK0KHcdvClkQ_AUIDigB&biw=1016&bih=722

More images on Pinterest @ https://www.pinterest.ca/risedisplay/university-finance-lab/

The surprising thing I discover years ago in my research for a family member daughter trying to select the right graduate school...many of these graduate schools trading rooms/finance labs also are managing/trading a large portion of the University's endowment fund's...such as 10 - 50 million dollars of a multi-billion dollar endowment fund.

That's a lot of faith these schools put in their graduate students to manage/trade 10 - 50 million dollars worth. Another name for these trading rooms are called "Finance Lab".

https://thebestschools.org/features/richest-universities-endowments-generosity-research/

I was more shocked to discover millions of dollars from those endowment funds were used by graduate students to manage/trade Bitcoins and some Bitcoins sites are slowly advertising such about the following schools...

University of Michigan, Harvard, Stanford, MIT and many others.

My point with the above, there's a ton of money out there in the markets by these schools in many different asset classes.

Another well known competiton for Universities that you can gather names of colleges that would have a trading room/finance lab is from the Rotman International Trading Competition @ https://ritc.rotman.utoronto.ca/results.asp?n=1

I'm not trying to send you back to college but the above info may be of interest by other ET members that are trying to decide on where to go for college and try to find a path into Wall Street, London or Asia financial hub or has a young teenager interested in the markets that has yet to decide upon what university to attend...I'm in the latter for my teenager...he's looking to go overseas to a university in the U.K. or France. :(

wrbtrader
 
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you will find that there are many experts here that will offer you tons of "good advice"..but none will post details of one single trade and explain to you why the trade was entered and exited at such a price!!

you must remember that the world is full of people who daydream..have nothing better to do with their time than waste it posting silly and ridiculous things that do not really matter!!!

if you want to learn about making some money in the markets..do a few simple things as follows..

1. obtain capital
2. set aside X amount to lose as learning tuition
3. do not give a cent to anyone else except the trader you lose to
4. pick a "good market" to risk your money in
5. risk a reasonable amount on each trade..the % depending on the trading frequency..more trading less % risk per trade
6. develop a strategy that is repeatable..not meaning pattern recognition
7. learn what discipline really means by examining every trade you make and see why it went right..or wrong..you should discover that the main reason is "discipline"..as in trading..wrong is often right!!!!!!!

look at the next..good way to learn about trading index futures without risking too much..the commission micro e-minis launching may 06 ost will more than likely be high compared to regular ES..it will not be 1/10 that is for sure..but for swingtrades or position trades the new micros will offer a very good opportunity for any serious person to learn about trading index futures

Thank you for your sincere and authentic reply, much appreciated. I do need a strategy developed, any suggestions on equity trading strategies? Because currently I only have very some simulation experience on equities and nearly zero on trading index futures. How many hours would you estimate for someone to learn from zero knowledge to navigate comfortably?
 
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