The Path to Heaven or Hell

Quote from chipmunk:

the one big thing that pees me off about finance jobs are they are all in London (UK) and that's a place i would not live. Seriosuly you'd need £100k pa. to get bye there. (all those jobs offerign £25k in London.....it can't be done)

Not a place I want to bring my family up in.

So it kind of limits me.
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Dodd-Frank Act does not apply in london which will maximize traders earning
 
Here is another university built a trading room:

Xavier University

http://www.xavier.edu/hoffquad/trading-room.cfm


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Higher Education is the key to become a successful trader!

higher Education!
 
Quote from Handle123:

I am firm believer of higher education, I have earned two degrees and the diplomas cover up the holes in the wall where I pounded the keyboard into it after three losses in a row one day last year. Otherwise, I would have had to buy some cheesy picture of goldfish or oddball tree in a meadow.

I am not saying school is waste of time, we all know it is there to reduce the masses for the most part, cause it still comes down to On The Job training for the most part. But how many times you see some guy/gal at Starbucks with a Masters asking you if you want a venti or a tall?

School is great place to network, but whether it will lead to much more, very seldom. You can acheive an incredible life in America by working your butt off, but if one is waiting for gifts from others, you have already lost before you have started.
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I disagree. Unless someone is going to have a good practically guaranteed job, I wouldn't recommend it. I have undergrad + MBA and what am I doing? Trading and passing [wasting] time in forums. Seems like everybody nowadays has at least a college degree. Who is really benefitting? The schools. Actually, some vocational areas pay better than traditional degrees anyway.

Ditto for the military. I spent 6 years in the military and all that does is set you up for major cash-withdrawal symptoms when you leave. They give you everything. It's sorta like welfare. When you leave, you have to face the reality that the paycheck isn't coming automatically anymore.

Education where I live is complete crap. Do I care? Not really. As soon as my kid is old enough to understand things, I'm going to show him how to trade his own account. My wife's reservation to this is she's afraid he'll make a lot of money and then run off to live on his own very early (something that's not common here until 24-25 or even a little later).
 
Quote from trade4you_brazi:

I disagree. Unless someone is going to have a good practically guaranteed job, I wouldn't recommend it. I have undergrad + MBA
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Math and Computer science is what the house is looking for. MBA is for salesmen/women cold calling or sales presentation
 
Quote from trade4you_brazi:

I disagree. Unless someone is going to have a good practically guaranteed job, I wouldn't recommend it. I have undergrad + MBA and what am I doing? Trading and passing [wasting] time in forums. Seems like everybody nowadays has at least a college degree. Who is really benefitting? The schools. Actually, some vocational areas pay better than traditional degrees anyway.

Ditto for the military. I spent 6 years in the military and all that does is set you up for major cash-withdrawal symptoms when you leave. They give you everything. It's sorta like welfare. When you leave, you have to face the reality that the paycheck isn't coming automatically anymore.

Education where I live is complete crap. Do I care? Not really. As soon as my kid is old enough to understand things, I'm going to show him how to trade his own account. My wife's reservation to this is she's afraid he'll make a lot of money and then run off to live on his own very early (something that's not common here until 24-25 or even a little later).
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I believe education makes one think a little harder, but certainly don't need a degree if one immerces oneself into trading. I didn't finish my degrees before I started trading, it wasn't until 10-15 years after I started. Actually went to school as something new to do as I was doing long term stocks for first nine years. And I did three years in military, was so bored, I started learning about stocks and saved enough to buy 100 shares. I went on to do short term and day trading, NOTHING I learned in college made me be able to learn how to trade one minute bars. And I learned how to program and backtest on my own. Again, if you immerce yourself into your field of study, you can make it, but takes huge amounts of work.

But for those who don't succeed, having a degree to write a book on trading, or sell stocks, a degree allows you to have a foot into the shop.
 
calculating odds of bond default????? LOL

typical morons at a university. years after people make millions on inefficient CDS, they think they are learning an edge. this edge has been closed for a long time.

might be interesting, but completely worthless.

might as well do a class on recognizing stocks like Enron.

teach something totally new......oh wait, that's impossible.
 
http://business.illinois.edu/marketinfolab/softwareResources.html

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University of Illinois at Urbana-Champaign uses X-trader platform for their trading room LAB. They do not use the tools on what small traders are using because there is no value. The school uses what the pros (institutional) are using to educate the future HFT programmers/traders. The non profit universities are the real deal.




Higher Education is the key to become a successful traders!

Higher Education
 
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