Should I go to college before becoming a trader?

I barely ever post on here but I couldn't hold back on this thread. This is by far the stupidest thread I have ever witnessed on ET.

GO TO COLLEGE!!!!!!!! WAKE THE HELL UP.
 
Quote from Player01:

my intent is to become a full time trader?
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Traders are born not created. What would you want to do if it turns out you weren't born to trade? If that occupation doesn't require formal training take your college nest egg and trade the shit out of it. I'll save you some research sell oil and buy sugar and wheat. Go away for 3 weeks come back take your profits and repeat the process the following month with more contracts.

There are already 100 threads on this subject but it's always fun to think about how you could have done things differently.

If I were born into a family that didn't already have my future mapped out but I was the same person that I am I would go to law school and then get into politics and leach of the taxpayers. Or I would learn how to use those big ass excavators and move dirt around, for some reason that looks like it would be fun as hell.

Has there been a thread to determine if Gays make good traders?
 
Quote from buzzie77:

GO TO COLLEGE!!!!!!!! WAKE THE HELL UP.
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I would say at least 40% of current college students have no business in being in college whatsoever and they will never see a return on their investment. College is an investment if you didn't know. Being in college is over valued and over rated:

http://salary.com/8-college-degrees-with-the-worst-return-on-investment/

"College: The Good, the Bad, and the Ugly. Here, I Show You How to Avoid the Latter Two."

http://www.garynorth.com/public/department89.cfm

Depressing student loan stories:

http://www.businessinsider.com/depressing-student-loan-stories-2012-9?op=1

There are 2 debts that can not be wipped out: alimony and student loans...
 
Quote from Mysteron:

Be extremely careful how you act on the advice you read in these forums as 99.9% of it is rubbish.
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Including yours. Not to mention 87% of all statistics on the internet is made up.

Quote from Mr_You:

Always have a plan b, c, d.
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Sound advice. Let's take it a step further:

b/ Delivering pizza.
c/ Marrying a rich girl.
d/ Suicide.

Quote from PHOENIX TRADING:

, the question is how are you going to earn the multiple trading stakes you need in order to become a trader?
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I thought that was obvious. Saving a bunch by NOT going to college...
 
Quote from Player01:

Is it worth investing both time and money into post secondary education if my intent is to become a full time trader? For example, four years for a bachelor of commerce and then another year and a half for a MBA. What are some of the better routes leading to this career?
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Irrelevant question , the question is how are you going to earn the multiple trading stakes you need in order to become a trader?
 
Nodoji, what's the answer to your test? If a trader can't follow rules or keep their discipline in check even 2 losing trades in a row will shake them up.
 
Quote from NoDoji:

I love tests! Here's another one:

An aspiring day trader spends 6 months researching price action and comes up with a set of rules that results in a 60% win rate using a risk:reward ratio that ends up 50/50 on average when accounting for commission and slippage.

The trader takes the plan to the market and has four losing trades in a row, which s/he can't remember ever happening during the 6 months of research.

What should the trader do at this point and why?
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Good question!
 
Quote from Vozdovac:

Nodoji, what's the answer to your test? If a trader can't follow rules or keep their discipline in check even 2 losing trades in a row will shake them up.
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The answer is: The trader should continue to trade every valid setup that presents itself because "there is a random distribution of wins and losses that define an edge".

Anyone who can accurately "predict" which valid setups will result in winning trades is psychic and will soon be the richest person alive.

http://scienceblogs.com/cortex/2008/11/14/its-one-of-the-more/

Go rats!
 
Quote from HurricaneUS:

This thread belongs on Yahoo Answers in the kiddie section. I can't believe so called serious traders even replied to the OP's question
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what's wrong with the question? seems completely legit to me.

surf:confused:
 
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