SEASON 2, thursday TV WALLSTREET WARRIORS

Reaver · Mar 19, 2008

Quote from Chriz:

I couldnt believe that she refused the guys offer for a job at FXCM. Well she is young and obviously very naive and doesnt know that FXCM is nothing else than a friggin bucket shop.

I was pretty shocked myself!

Reaver · Mar 19, 2008

Quote from itcanbedone:

they are throwing $ at a college degree cause that is how she has shown that she has SOME level or ability.

they can mold what they know.

trader w/o degree who has made $$ is great. but she/he is an entrepreneur and not a worker bee.

a trader w/o an degree and failure at trading is a bum--that is until he makes $$.

college is not a bad place to be.

I agree with you. I see your point. Yeah, not ripping on college at all, it was just something I noticed.

But you are right, many of those firms need worker bees, not entrepreneurs....They don't work the same way individual traders do.

itcanbedone · Mar 19, 2008

Quote from Reaver:

I agree with you. I see your point. Yeah, not ripping on college at all, it was just something I noticed.

But you are right, many of those firms need worker bees, not entrepreneurs....They don't work the same way individual traders do.

absolutely, we are a rare bunch indeed. viva la trader

:eek: :eek:

Reaver · Mar 19, 2008

Quote from itcanbedone:

absolutely, we are a rare bunch indeed. viva la trader :eek: :eek:

LOL!

Triple X · Mar 19, 2008

Bear in mind they are looking for young people to work grueling hours and learn. Then have a career with them. They want 22 year olds, so they pick people with degrees instead of a 22 year old who knows nothing. Plus, a degree in finance is necessary to be an analyst. They were not looking for a trader.

Chriz · Mar 19, 2008

Quote from Reaver:

A degree does not overcome a lack of dedication to succeeding in reality. A degree does show that someone is dedicated to succeeding in a world of theory (school)...but not much else. This is just a generality. There are plenty of exceptions to every rule.

Thats why she got an offer as an analyst and not as a trader. A degree in finance is perfect for a job as an analyst.

th3414 · Mar 19, 2008

I don't want to be argumentative, but do you know how many Wharton, Stanford, and Harvard MBAs in finance are trading on the street?

The days of Joey bag-a-donuts working his way up from operations to a desk putting on $30-50 million dollar bond trades at a time died with Bear Stearns.

Finance degrees are what get you the REAL trading jobs, not scalping the minis for a few bucks.

You don't have to believe me, but I've done both. prop trading now cause I got laid off and interviewers at the bulge brackets want MBAs and finance degrees now.

Reaver · Mar 19, 2008

Quote from Chriz:

Thats why she got an offer as an analyst and not as a trader. A degree in finance is perfect for a job as an analyst.

Chriz and TripleX....That's true I see your point. That was an oversight on my point.

I always think in terms of being a trader and not a spectator, but I guess someone has to write the magazine articles and tell the cattle what to buy.

brocklanders · Mar 19, 2008

Quote from th3414:

I don't want to be argumentative, but do you know how many Wharton, Stanford, and Harvard MBAs in finance are trading on the street?

The days of Joey bag-a-donuts working his way up from operations to a desk putting on $30-50 million dollar bond trades at a time died with Bear Stearns.

Finance degrees are what get you the REAL trading jobs, not scalping the minis for a few bucks.

You don't have to believe me, but I've done both. prop trading now cause I got laid off and interviewers at the bulge brackets want MBAs and finance degrees now.

"Most of these Harvard MBA types - they don't add up to dogshit. Give me guys that are poor, smart, hungry - and no feelings. You win a few, you lose a few, but you keep on fighting."

I would not give a Wharton or Harvard grad money to trade based on their degree alone. Degrees mean shit in trading pardon my french...What is your point exactly?

jtnet · Mar 19, 2008

Quote from brocklanders:

"Most of these Harvard MBA types - they don't add up to dogshit. Give me guys that are poor, smart, hungry - and no feelings. You win a few, you lose a few, but you keep on fighting."

I would not give a Wharton or Harvard grad money to trade based on their degree alone. Degrees mean shit in trading pardon my french...What is your point exactly?

harvard types prolly arnt the best, but the stereotype lives on. HR chicks and execs don't know any better. they just know they want degrees. so they just filter applicants as such.