My life is just starting at age 33

I think its crazy having trading as your only income unless you have 5yrs+ of steady profits. Then it makes more sense to trade other people money and charge a comission .
 
I just did something similar except I'm not from the insurance field.

Realistically, you should only consider this career path if you got a six-figure account AND six-figures in savings.

Unfortunately I'm deadly serious..... there are SO many ways you can go bust in this business that you need THAT much of a safety cushion.
 
Quote from michaelscott:

I know that I am going to open myself up to a wide range of responses with this post. I will take all of your responses in kind and good spirit.

Currently, I am 33 years old and am employed by a well known company doing boring "insurance stuff". I have been in the insurance industry for over 10 years and 3 years with the current company.

I have attempted every way possible to transfer from within my company over the last year. They have quite a few divisions that would fit with my interests such as a global investment group, "fund of funds", mutual fund division, etc. I have dutifully monitored the internal database for all types of positions and applied away to either receive no response or rejection letters. I didnt stop there, however, I did call and email other employees within those divisions to include managing directors. I even attempted to go to the New York office and walk around trying to find someone who might talk to me.

My aggressive attitude did not work however. I even received a call from an internal recruiter who insulted me over the phone by saying that I appeared "confused" applying all over the company in such a manner. I told her that I wasnt confused...just needed a change from the routine insurance gig.

I would be happy to stay with the company that I am currently employed at because there are benefits to being loyal such as a pension plan, vacation, 401k matching and the usual. However, I find myself at a crossroads. My time on earth is limited and I cant imagine myself at the same desk pushing around the paperwork from day to day. Therefore, if the current company will not consider myself for another position, then I need to start looking abroad.

The reason why I post to this forum is because I want to use all available avenues. Of course I will be aggressively looking across the spectrum sending out resumes, making phone calls, emails and the like...

Im not completely certain who has the opportunity for myself or what exactly that opportunity would be...However, Im willing to go from the bottom and work my way up. I wouldnt mind being someone's assistant at a hedge fund gophering for coffee or other silly things just so long as there is a future. I understand that one has to pay their dues before rising to the next step.

Unlike the previous poster who feels his life is over at 21 years of age, I feel completely different. I have never felt stronger or more self assured. I have never felt more confident and I believe my life experiences would be of great value to most any organization.

My life is just starting at age 33. Since it is just starting, then I need an opportunity beyond the insurance desk. Whoever is willing to pass me the ball, I will run with it.

As for the prop trading firms, I am mildly interested and might consider it...however, the ideal position for myself would be to work under a hedge fund manager, trader, private equity manager, etc. in a lesser role doing whatever I have to do so I can move into a brighter future.

I currently reside in the NYC area, but I am willing to move to anywhere in the country depending upon the opportunity. In fact, Im even willing to move out of the country if the opportunity is there...

Im ready for the responses from the board's peanut gallery, but if your seriously interested then go ahead and shoot me a PM. Lets talk...
More...


Please read this before deciding to switch careers. This guy seems to have a handle on the trading career thing after just a few months of giving it a go.


http://www.elitetrader.com/vb/showthread.php?threadid=96763
 
Quote from Biog:

Please read this before deciding to switch careers. This guy seems to have a handle on the trading career thing after just a few months of giving it a go.


http://www.elitetrader.com/vb/showthread.php?threadid=96763
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"I believe someone should look at trading like any other boom such as housing. They should take advantage of the opportunity right now, but they should not have the attitude that this is a lasting career in which they can depend upon to pay bills and support a family."

this is great advise....from the above thread..
 
I notice you guys brought back up my "my life is starting at 33" thread.

Im not new to the markets, I've traded for a while, but not at a hedge fund or prop firm. Im interested in seeing how their strategies are employed with this super-rate of margin however and day-to-day traders. What gave me the interest is actually Don Brite with his threads on his market neutral strategy. I did email him and asked if I could attend his trading school without actually going with Brite trading. Unfortunately, I cant. Don is a smart guy and I like his approach, although, still a little wary of prop firms. I do not daytrade.

My type of trading is longing on momentum breakouts, riding the trend and then cashing out when price appears to enter the triangle. That way I can tend to more important things in life like my happy hour at the Grotto or the Taj.

Right now Im on a plane and moving on to the next boom which is in airplane sales and leasing. hint hint wink wink.

I also wonder how some of you guys trade with all your time spent on ET. Obviously not prop firm or hedge fund traders.
 
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