Professional Trading - where does it stand compared to other high pay professions ?

wildchild said:
Well thats a data scientist job but you are going to have to know more than SQL to land that. Its not IT.

You will need to be fluent in python and deep learning and likely have a PHD in a hard science (math, physics, engineering). Sure you can make alot of money but competition is fierce.

Go to Kaggle and try your hand in a competition and it will likely be humbling.
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If you are competing and placing on Kaggle, and you're biling $1k/day, you are underpaid. Get a pair and negotiate better.

I was being sarcastic with SQL, but when everone is a data scientist, no one is a data scientist. Agree with you on the minimal tech/brain stack needed.
 
Cannot be compared.

trading is only profession where you can increase your income
by simply increasing your lot size.
You don't have to increase your trading hour,
you don't have to change your computer hardware and software,
you don't have to make major change your trade plan.

For other professions like doctors, dentists, lawyers ... they have to work like hell and work longer hours. Or perhaps they have to work 2 jobs to increase income.
 
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Yes. I thought I was a "data scientist" til I tested for the NSA. .. won't be moving to Ft Meade soon.... nooby is correct though.. As an example, if you have good grades at a good school AND young enough and gets accepted at let's say Epic in Wisconsin, in 2 years you will be certified w one of their EHR modules.. if u r willing to be a road warrior,you will be at $140k in no time.
 
mushinseeker said:
Yes. I thought I was a "data scientist" til I tested for the NSA. .. won't be moving to Ft Meade soon.... nooby is correct though.. As an example, if you have good grades at a good school AND young enough and gets accepted at let's say Epic in Wisconsin, in 2 years you will be certified w one of their EHR modules.. if u r willing to be a road warrior,you will be at $140k in no time.
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We'll never ever develop a warp drive with that attitude. I weep for the future.
 
I agree with you. As I plow thru my AI courses for my masters, part of the work involves reading scholarly articles about ML, AI, calculus,etc.. It is kinda sad that a good majority of the authors are not from the US. As the Chinese plow ahead using AI to create algos for their transport systems, etc.. I think we are using AI and robotics to make dog dishes and floor mats by Weathertech. :-)
 
maxzinger. I agree with you to a certain extent but you will reach some scalability issues at a certain point- ask sle and dest.. As far as lawyers,doctors...that is not totally true. My inlaw (retired now) was part of a x person anethesia group with 2x CRNA's so every $$ the CRNA's makes, he gets a cut. He is comfortably ensconed in a > 10k sqft house wathing the sunset daily.
 
syswizard said:
I've seen the unbelievable opportunity of trading the Emini market. I'll bet some competent traders are pulling down $1000 to $3000 per day with 5 to 10 contracts on one trade.

But then it struck me...how does this income compare to other high paying fields ??
Now I'm talking people good in their field, not necessarily superstars like Tom Brady and Jeff Bezos.
These come to mind:
1) Internet Entrepreneurs
2) Drug Dealers
3) Sports figures
4) Movie stars
5) Corporate CEOs
6) Lawyers
7) Doctors / Surgeons (especially cosmetic - those guys make a fortune !)
8) IT Professionals

Have I missed any ?
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I do not count drug dealers as professionals. They are criminals. I think we should confine the comparison to legal law-abiding professionals. The income from trading all depends on you. If you are good, the sky is the limit; you could actually be making more money than those professionals. But what's more important for a trader is the job satisfaction from trading, whether trading is your cup of tea. To me, you shouldn't go into trading just for the money aspect of it; just like everything else you should go into it because you like the aspect of trading, the analysis, the research, the negotiating all of that you will be doing LOTS of. It's really easy to be mesmerized by all the shiny profit that seems to be so easy from trading, what you don't see is the disappointment, the anguish, the panic, the anxiety, the anger from the losses which is quite often.
 
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