The Path to Heaven or Hell

Quote from emg:

The point of the chart is to help small traders achieved higher education and not stay in the ghettos.
...

Dude,....seriously?

You can't espouse the benefits of higher education with poor grammar....

Go back to the Ghettos class where you belong...
 
Glad you think highly of Rugters! I finished up with a 3.1 but I blame it on not being able to understand a word half of the &^%$## professors said. Learn to speak English before you get paid to teach. God those were great times... I should have married that pharmacology major I was banging. How did I mess that up??

When I graduated I didn't apply anywhere because frankly the idea of waking up and being around a bunch of the worst kinds of human beings I could imagine didn't appeal to me. I don't remember anyone ever really talking about wanting to be a trader they all wanted to be IB's or analysts. Maybe because I was econ and traders are computer and engineering geeks. I have played golf a few times with a guy that works at SIG as an energy trader and what he must know and keep track of is fing mind boggling. He is a real trader performing a service as an intermediary not really playing the odds like how at least I think of trading or prop trading. Anyways... just rambling I have no idea what this thread is about but life is what you make of it.
 
Quote from beachhouse:

Corzine disagreed. This is the best answer to your title.

I find two things amuzing:

1. Lehman brothers is not on your list. MFglobal is not either.
The by-product of my thought is: do they trade? or do they just front-run? If neither, do they solicit from clients? If they do, are they called "investment bankers"? If they are investment bankers, do they trade? (oh, I already asked this question). If they don't trade, who the hell are they? (oh, I already answered that question).

To be blunt, I despise them.

2. some small traders will "advance" to the prop firm level.

Advance? It sounds there is a lot of efforts behind it.
Wow, that was a dizzyingly high level: prop firm.

Looked again, and found some more amusing things:

3. "Required deposit: 10k" for "higher bracke" prop firm. "higher deposit for" lower level prop firms: like 20k or 30k.

emg's logic is: the lower deposit, the higher "bracket." I called a firm, they only asked for 5k. I guess the firm must a "Super High" prop firm.

emg, you sound and think stupidly.


A little harsh but well said BH :)

If you can really trade you aren't making deposits and there are only a few stand alone trading co.s I can think of like this, SIG, JUMP, Geneva, I'm sure there must be many others. Or you start a hedge fund or work for one. If one really excels at trading is it worth it to them to jump through hoops to work at places like this? How much fing money does one need?
 
Quote from emg:

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Trading is a Career Professional where ones need a Higher Education. Those that took that path of Higher Education and went on to work in the institutional are in Heaven (Holy Grail)

Those who decide not to take Higher Education path, but rather subscribed 3rd party educational/signal vendors they will be rich quick are in hell. They will stay in the Ghettos


Im looking for the best answer


You have got to be THE MOST IGNORANT PERSON IN THE WORLD!
 
Here is another University offers trading room beside MIT:


http://tradingroom.bentley.edu/


The Hughey Center for Financial Services (HCFS), named in honor of Bentley College alumnus David A. Hughey ’55 (retired executive vice president of Dean Witter Intercapital), was established in 1997. The HCFS has earned a national reputation and has been featured on CNBC.

The mission of the center is to extend the educational goals of Bentley University through innovative classroom pedagogy, cutting-edge financial research, and real-world applications.

Our mission is translated into three broad strategies:

To integrate the Trading Room into the graduate and undergraduate curricula in an effort to enhance student learning, professional development, and success
To create a positive, collegial, and collaborative environment that is supportive of faculty and student research activities
To strengthen external relations with the investment management community



The center is dedicated to providing world-class education through the integration of the multi-million-dollar Trading Room. Supporting more than 40 graduate and undergraduate courses and providing faculty, students, and staff to an unrivaled collection of financial technologies valued at more than $3.5 million in annual licensing fees, the Hughey Center serves as a model for other colleges and universities around the globe.







http://en.wikipedia.org/wiki/Bentley_University#Rankings_and_Recognition_by_Major_Media




U.S. News & World Report

Ranked 62 - MBA Top Graduate Business Schools '2009
Ranked 14 - MSIT program in the United States
Ranked 18 - Information System Schools[10]
Top 20 Accounting Program in the US, Tied for #1 in New England
Top 50 Undergraduate Business Programs (Nationally, 2010)
Top 10 Master's Universities (North,2010)

The Princeton Review

Ranked among the "361 Best Colleges and Universities for 2006"
# 3 in the Top 25 Most Connected Campuses (2004)
#6 in Best Career/Job Placement Services (2011)
#14 Best College Library (2011)
#18 Dorms Like Palaces (2011)






Higher Education is the key to become a successful trader. Higher Education is the Holy Grail!


Higher Education!!!
 
There are more Universities have trading room:


<iframe width="560" height="315" src="http://www.youtube.com/embed/37gwh2g6Kyc" frameborder="0" allowfullscreen></iframe>


<iframe width="560" height="315" src="http://www.youtube.com/embed/c5AIH3yU-co" frameborder="0" allowfullscreen></iframe>


<iframe width="560" height="315" src="http://www.youtube.com/embed/ltbeErkPM-w" frameborder="0" allowfullscreen></iframe>
 
<iframe width="560" height="315" src="http://www.youtube.com/embed/KkLHcVEiyy4" frameborder="0" allowfullscreen></iframe>


<iframe width="420" height="315" src="http://www.youtube.com/embed/Va09y8FQcTo" frameborder="0" allowfullscreen></iframe>


<iframe width="560" height="315" src="http://www.youtube.com/embed/NsyzpUSG4tU" frameborder="0" allowfullscreen></iframe>

<iframe width="560" height="315" src="http://www.youtube.com/embed/W_6-yuwF6vs" frameborder="0" allowfullscreen></iframe>





What are the difference between Higher Education professors vs 3rd party education vendor teachers?


Higher Education professors get paid by high salary while the 3rd party teachers get paid based on their sales.

Higher Education professors are higher educated while 3rd party teachers are lower educated

Higher Education professors are not salesmen/saleswomen. Their job is to teach while 3rd party teachers are salesmen/saleswomen. Their job is to sell sell sell.



Taking the path to the "Ghettos" will not accomplish your goal to become a successful trader. It is a path to failure.
 
Certainly helps to have the right pedigree, i.e. ivy league education and top-tier IB work experience to make it into the big leagues. See Erich Mindich or Edward Lampert as examples. However, sometimes talent can find its way to the top regardless of lack of formal education or top tier IB credentials, individuals such as Paul Rotter or Daniel Zanger.
 
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