Questions About Being A Trader

Thanks for the update.

If you ever decide to go back to school...be aware that top universities now offer trading classes, famous guest speakers from hedge funds, institutions and many other types of professional traders. All of these listed top universities have state of the art trading rooms that were funded by many that are the best in their profession.They even have national and international simulator contests and real money contests...a few of the winners have used such to get internships and jobs at top firms.

There's a detail list here at ET with the names of many of these universities. Just use the search to find the list.
 
wrbtrader said:
Thanks for the update.

If you ever decide to go back to school...be aware that top universities now offer trading classes, famous guest speakers from hedge funds, institutions and many other types of professional traders. All of these listed top universities have state of the art trading rooms that were funded by many that are the best in their profession.They even have national and international simulator contests and real money contests...a few of the winners have used such to get internships and jobs at top firms.

There's a detail list here at ET with the names of many of these universities. Just use the search to find the list.
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Yes, absolutely true. But the question is -- do firms hire from these programs? Or will the grads end up slaving away at an underfunded hedge fund never knowing from week to week if they are getting paid?? Surf
 
HighFrequencyBum said:
Continue to try and land a job at a F500 company, I think it's possible. I won't attempt to trade on my own, if I ever decide to I'll go back to school for a math degree, get a good GPA, and work for a Prop Firm.
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Very smart. Keep trading as a hobby and get a real job. surf
 
Handle123 said:
I detest losing, always have and always will. I design systems based on risk, keeping it as close to under 1% as possible, doesn't mean I always succeed, so it comes down to acceptance there after. I been at the "game" a very long time, I love the game and I do find it frustration to lose. I don't find anything Romantic about this, it is often long hours and at times a job to keep getting bad results, but one step closer to what I am trying to accomplish.

If you are trading for ANY OTHER reason than to make money, you are doing it for the wrong reasons.

All of this comes down to if you don't have a sound Trading Plan, you more often going to lose, plain and simple, nothing romantic throwing away several thousand bucks, it be better spent planning a cruise with your mate and having the time of your life than spend months of dreaming of being on a cruise after you make it.

I don't think about the money at all when I am trading, my platforms were written so I never know how each signal is doing, concentrate on being the monkey, remembering the rules, watching the clock, hearing Jeopardy theme song.
or

And when it over it is
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it's fine if you are trading only for money, the main point I am making is you should not be thinking about it whilst in the process of trading as you say. Although I am suspect to believe that money is the ONLY reason you are in trading. You are telling me that you find no enjoyment in it at all? Or having the freedom to work your own hours, have %100 control over the decisions you make? Being completely responsible for your own results? (i.e. you are rewarded on performance not bureaucratic bs).
 
countercountertrend said:
it's fine if you are trading only for money, the main point I am making is you should not be thinking about it whilst in the process of trading as you say. Although I am suspect to believe that money is the ONLY reason you are in trading. You are telling me that you find no enjoyment in it at all? Or having the freedom to work your own hours, have %100 control over the decisions you make? Being completely responsible for your own results? (i.e. you are rewarded on performance not bureaucratic bs).
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I have met way too many newbies who get into trading or seven years later have ideals to show friends and relatives they finally accomplished to become profitable, What you offer of other reasons to do this business is a result of profitable trading, you certainly can't be doing them if you were losing. So ALL that you mention, unless you love to lose, can't be gained to their fullest by accumulating Tax carry losses next thirty years. I have traded all over the world, found one Russian coffeehouse to have twenty day traders in middle of the night, London, Belfast etc...But I would have never been able to do so without the money, so YES, I love to make money, cause it is a hell better than losing your ass each day as I did in the beginning, I remember those days much clearer than days where I have completed huge long term trades.

I am financially secure for many lifetimes cause of my trading, way to keep score, so I do have a choice to keep doing it or walk away, I have a staff that trade my systems, have automation, it is what those who been working at nearly four decades. I have expenses of employees, seat leases, built office for my staff, all to trade my 401k, I love MONEY MONEY MONEY.

I own other businesses to make money, house rentals to make money, do tax lien notes to make money. ALL the other reasons you have written I already had before getting into trading, I would not have spent more than lifetime to do what I do. I am a business owner who does as he pleases and I might add work more than sixty hours a week, I love to work and make MONEY MONEY MONEY.

Let's see what you can accomplish if you make no money?
 
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