Seems to be alot of ex/current Engineers in trading

Quote from jstox:
What people better realize is were all trying to take each others money. Do not underestimate the sharp, early-retired geeks coming out of Silicon Valley with a lot of money and free time. This is being approached by many, very conservatively, methodical and automated, guaranteed. To categorize is simply stupid, don't underestimate the enemy.

--jeff
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Best comment in thread. By the way, I have had many Engineers reporting to me over the years, and it is true- few can express themselves well - I try not to post if I don't have anything to add -- and I certainly don't here.
 
Quote from energytraderus:

Engineering is among the worst majors for trading training. Engineers often get degrees and certificates without having understood principles or ideas. At USC, engineers rarely have to derive functions: they need only recognize problems and apply memorized functions according to a fixed order (ie: multiplication operations performed before addition).

Those who choose engineering tend to lack any talent for trading. Engineering offers job security and a fixed income. It also offers a job with known requirements. These people make poor entrepreneurs and traders.

Few quants run money and even fewer engineers. Except for Renaissance Technologies, virtually all money managers have liberal arts backgrounds. George Soros considers himself a philosopher. Philosophy teaches one to think for oneself and not just apply known contructs.
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What kind of idiotic crap is this? I don't even know where to start tearing this post apart at...

USC? Did you go there? Well, I got my graduate EE degree there. One of the best schools in the world IMO. "Don't have to derive functions..." DAMN YOU ARE FULL OF SHIT

Let me guess you didn't even make it into your 2nd month at ITT... once the curriculum got into v=ir, you froze up - I know, it happens to the best of them, I think they require a minimum IQ of 80 for ITT, did you pass that test?

Talent for trading? You honestly think the engineering profession is contributory? WOW, excuse me while I laugh myself into convulsions...

I am not even going to into the quant aspect. Does advanced mathematics of any kind ring a bell? Do you even know A SINGLE type of advanced mathematics? I'll give you a hint, a lot of them have the word "transform" in them.

To this asshole and others: save some face because you'll end up looking like a fucking moron when you don't know what you are talking about.
 
A random sample of engineers might also fall into a normal distribution as regards creative talent and technical abilities. I believe my best asset as an engineer w/experience is a real sense of risk management; failures in engineering are far more often and far less forgiving.
 
Shrug, there are a million ways to skin a cat -- it's understandable that we all try and interact with the markets along the avenues with which we are most familiar.

I'm sure in a room full of engineers turned traders, if I tried to posit the idea that profitable trade selection all came down to a matter of having good market "taste", I wouldn't get much respect for it. But so far that's the best word I can come up with to describe why I could decide to go long today, whereas the same exact setup made me lean short yesterday. I've grown completely comfortable with this, and that's what gives me confidence.

Anyways, derision from others at the way one goes about trading can be a comforting thing -- the more everyone else scoffs at you, the more likely you will stay in business.
 
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