Trade in spare time or go to trading firm?

MarkBrown said:
i don't know exactly what the criteria of that would be but in a word "yes".
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Mark, didn't you learn from professional trader? The guy is asking - "Is it a good idea to start as a trading assistant in a firm instead of doing it on my own? "
 
qlai said:
Mark, didn't you learn from professional trader? The guy is asking - "Is it a good idea to start as a trading assistant in a firm instead of doing it on my own? "
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sorry i thought he was asking about just trading at home vs from a office full of traders. i think it's pretty hard to start out alone and be completely self taught. the more you mingle the more you learn, i have always said everyone needs to work with or for someone when they first start out.
 
MarkBrown said:
sorry i thought he was asking about just trading at home vs from a office full of traders. i think it's pretty hard to start out alone and be completely self taught. the more you mingle the more you learn, i have always said everyone needs to work with or for someone when they first start out.
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X2. absofuckinglutely.
 
prj said:
Thanks for the answer, but what exactly do you mean by bad habits? I'm in late 20's
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Age has nothing to do with bad habits. Adding to losing positions, taking small profits and big losses, not having a viable trading strategy, crappy work ethic, conflating back tested results with real world market expectations... there is no age limit on bad trading habits.
 
prj said:
Hi, I'm currently practicing trading at home in spare time aiming to build up a good track record and join a prop firm or go full time. Sometimes hear that it has nothing to do with trading in a team with professionals. Is it a good idea to start as a trading assistant in a firm instead of doing it on my own? If so, how would you advise to approach to it, and what pay attention to?
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It might be possible that you do not realize what a huge "get" it would be to get hired on at a bonafide serious futures proprietary trading firm (like DRW or Geneva or Jump to name a few).

Typically an entry level position there would be on the software engineering or coding side. MBA's are meaningless to them - they like the hard sciences. They don't hire 'trading assistants' per se. And when they recruit it's usually from a very Tier One campus like MIT, U of Chicago, Stanford.
 
I think you may find this interesting. Not as good as it used to be, but I don't think you can ever get to this level by going at it alone.

 
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