The Path to Heaven or Hell

[flipside21]

Quote from flipside21:

http://www.amazon.com/Fluctuations-...08&sr=8-1&keywords=michael+marin+fluctuations

About the Author
Michael J. Marin, former general counsel and head of the legal department for Salomon Brothers in Asia, is a Yale Law School graduate who repented of becoming a lawyer only to venture further down the dark path onto the trading floors of Wall Street, first as head of derivative finance for Lehman Brothers in Asia, and later as a director of Merrill Lynch in Tokyo.

Quote from Grandluxe:

Shocking moment a ruined millionaire collapsed and DIED in court after 'taking pill' as he was found guilty of torching his $3million home

Michael Marin, 53, held head in his hands at court in Phoenix, Arizona

Appeared to put something in his mouth and went into convulsions

Father of four died later in hospital - toxicology tests ordered
Fire investigators said he had started fire at home in 2009 before escaping down a rope ladder wearing a scuba-diving suit

Marin, a father of four and grandfather of two, attended Yale Law School. He was an ex-Wall Street trader who enjoyed collecting art including Picasso sketches and described himself as a 'careful thrill seeker' to the Phoenix New Times after scaling Mount Everest and trips into the jungles of south-east Asian.

By LOUISE BOYLE
PUBLISHED: 03:48, 29 June 2012 | UPDATED: 10:03, 29 June 2012



<img src='http://i.dailymail.co.uk/i/pix/2012/06/29/article-2166303-13D7A6C2000005DC-72_634x286.jpg'>

Read more: http://www.dailymail.co.uk/news/art...-dies-Phoenix-court-guilty.html#ixzz1zByl5eLr

 

[oldtime]

Quote from tradin4profits:

Common Sense rules in trading and is the HIGHER EDUCATION and you cannot be taught common sense.

you sure about that? cause I've made some of the most money on the stupidist trades I wish I had never put on. I'm only glad my mother didn't know about them or she would have once again said, "oldtime, you aint got the common sense you was born with."

 

[oldtime]

Quote from flipside21:

where do you get those pills? Because sometimes I wonder just how bad it is going to get. If I always had one of those in my pocket at least I would know the answer to that.

 

[oldtime]

Quote from oldtime:

where do you get those pills? Because sometimes I wonder just how bad it is going to get. If I always had one of those in my pocket at least I would know the answer to that.

I mean really, back in the days of limit moves in the cattle market, no way I could sleep, so I would go and sit quietly by the graveyard. Kind of put everything back in perspective.

You start worrying, I'll lose the house, I'll lose the car, and then you get to thinking, but still relatively speaking, that wouldn't be so bad.

 

[oldtime]

Quote from oldtime:

I mean really, back in the days of limit moves in the cattle market, no way I could sleep, so I would go and sit quietly by the graveyard. Kind of put everything back in perspective.

You start worrying, I'll lose the house, I'll lose the car, and then you get to thinking, but still relatively speaking, that wouldn't be so bad.

I mean, no matter how bad I screw up, there's a lot of successful guys lying in that yard, and still I'm doing better than them.

 

[d08]

Quote from Pigsky:

--------

well, i have read this thread and i am very SAD to say i think it is true.....

i feel naive and foolish....

how could i have been so foolish???

(continued)

This isn't a profession that is taught (with some exceptions). You don't see Coca Cola teaching their formula to random strangers on the street for a small fee.
You obviously wanted the glory and glamor, yet lacked in the obsessiveness department - which is a necessity.
That said, going back to school was probably the right decision for you.

 

[failed_trad3r]

Quote from bwolinsky:

Not so much higher education, emg, but the ability to model highly robust backtests is the key to success. Most don't have enough quantitative creativity and patience.

i agree programming is a very important skill for trading. I am learning but it's hard. Also when I fail in trading I can use my programming experience for software job.

 

[oldtime]

Quote from failed_trad3r:

i agree programming is a very important skill for trading. I am learning but it's hard. Also when I fail in trading I can use my programming experience for software job.

the funny thing is, I worked with computers when the IBM 360 was the big dog. We use to have these kids come out of college with a computer science degree, and we would just laugh at them and tell them "That texbook you learned from was obsolete before it was ever printed (let alone approved.)

In my department the leader had a degree in music, one was a former air traffic controller (fired by Reagan) and a Vietnamese fighter pilot (who luckily got shot down.)

there's probably kids in high school now who know more about programming than most on this site.

making the switch from monster games to trading may be a big deal for us, but probably for them, the science of trading is pretty elementary.

Now these kids we were bitching about for not playing baseball and spending all night in the basement on the computer are in Las Vegas running our drone program.

If it was me, I would just tell em, "Keep it up, someday you may be a market wizard."

Things would really have to slow down a lot for higher education to ever catch up.

 

[SimpleTrades]

Quote from bwolinsky:

Not so much higher education, emg, but the ability to model highly robust backtests is the key to success. Most don't have enough quantitative creativity and patience.

Down 8% for the year, Beau. Yep, you gotta money maker. What happended to those 1000% returns you were promising?

 

[emg]

More and more Legit companies are investing in HIGHER EDUCATION

http://www.digitalsignageconnection...prepare-students-wall-street-258#comment-3491






I will not be surprise companies like microsoft, apple, and google have already invested in HIGHER EDUCATION to help students trade in WALL STREET