should we read "rejected" for "decided not to" ?
that would explain a lot about your attitude toward Wall St.
Tell about your education
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should we read "rejected" for "decided not to" ?
that would explain a lot about your attitude toward Wall St.
I have had a number of experiences with supposed "big firm traders". Market makers from NITE, FLTT, and a few other smaller criminal institutions. The one thing each had in common was the ability to blow up their trading account in an astonishingly fast period of time. (Two guys never even made it through their first month).
The reason I even got involved in this thread was because of the "EGO" theory that has been written about. For the most part, none of the traders wanted to listen to any advice. I would try everyday to explain that it is a totally different game on this side of the computer....no order flow, can't steal a teenie(back in the day), limited buying power,etc. But why listen to me (or anybody else for that matter).
Confidence in your ability=GREAT
Admitting when you're wrong=GREAT
Being a know it all egomaniac=Start typing your resume
The reason I even got involved in this thread was because of the "EGO" theory that has been written about. For the most part, none of the traders wanted to listen to any advice. I would try everyday to explain that it is a totally different game on this side of the computer....no order flow, can't steal a teenie(back in the day), limited buying power,etc. But why listen to me (or anybody else for that matter).
Confidence in your ability=GREAT
Admitting when you're wrong=GREAT
Being a know it all egomaniac=Start typing your resume
(Prior post an accident)
Intelligence will definitely help in trading but i'm too smart to try and define it or qualify it with GPAs SATs etc.
I think independent traders - solitary at home and prop firm traders - are a more noble and tougher bunch than the major Ibank traders. Some started right after high school,some began atrading as a second career. It does not matter.
The major Ibank traders are there because they know that is where the greatest advantage lay, or at least that's what thier daddies told them in thier senior year at college. They were smart and ambitious enough to go after an internship at Saloman, Morgan, GS,etc.
These major brokerage firms have huge resources. Not just capital, but company research, quantitative analysis, economic research and analysis, banking relationships, relationships with fund managers, order books and orderflow, it goes on and on. These lend incomparable advantages. I am not guessing this is the case.
And despite all these tools, they commit gross abuses and transgressions in the pursuit of profits.
IMO, The independent trader who survives and thrives is truly extraordinary.
Intelligence will definitely help in trading but i'm too smart to try and define it or qualify it with GPAs SATs etc.
I think independent traders - solitary at home and prop firm traders - are a more noble and tougher bunch than the major Ibank traders. Some started right after high school,some began atrading as a second career. It does not matter.
The major Ibank traders are there because they know that is where the greatest advantage lay, or at least that's what thier daddies told them in thier senior year at college. They were smart and ambitious enough to go after an internship at Saloman, Morgan, GS,etc.
These major brokerage firms have huge resources. Not just capital, but company research, quantitative analysis, economic research and analysis, banking relationships, relationships with fund managers, order books and orderflow, it goes on and on. These lend incomparable advantages. I am not guessing this is the case.
And despite all these tools, they commit gross abuses and transgressions in the pursuit of profits.
IMO, The independent trader who survives and thrives is truly extraordinary.
This might be of interest:
http://www.education-reform.net/dropouts.htm
http://www.education-reform.net/dropouts2.htm
It makes me question about the whole "system" most live be.
-mod: http://www.satirewire.com/news/0006/satire-ellison.shtml
if this is true... LOL what a story
http://www.education-reform.net/dropouts.htm
http://www.education-reform.net/dropouts2.htm
It makes me question about the whole "system" most live be.
-mod: http://www.satirewire.com/news/0006/satire-ellison.shtml
if this is true... LOL what a story
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