Trading as a career.

Quote from highlandercrew:

I have read a lot of posts and threads on ET regarding college graduates looking to go into trading with a steady job offer on the other hand. From what I have read, it seems as if people who trade for a living hate their jobs. I don't understand why traders on this site would be discouraging young ambitious college grads whether Ivy League or State School from going after their interests and passions. Is the life of a trader miserable. I understand the odds are against new guys, but I also think it is the best opportunity for young hungry individuals to go after their dreams when they don't have a spouse or offspring to support as well as other financial responsibilities. I start prop trading in June and I am optimistic but am also realistic that I may not succeed and I am fine with that because I will know that I had given it my best shot. I don't think it is the end of the world if a young trader fails, I mean time was wasted and opportunities were thrown away but atleast you went after your ambitions. Am I just a naive kid or do I have a point or does anyone care. Take care fellas.
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If you are lucky enough to land a gig at a GOOD prop shop where you will be receiving FREE training and trading education and have the opportunity to be around successful traders..............then I say go for it!

I mentor new traders like yourself and it gives me great joy to help the next guy or gal make it in this business.:)

Good luck

T-REX
 
... and another point .... dont be fooled by fake training opportunities put forth by salespeople.

A good requirement should be that the people or firm offering the training take you on as an employee with a regular salary and that they are actually traders and are not, and have never been, sales brokers.
 
CalTraders point about fake training opportunities is excellent advise. I was suckered right out of school. However since I knew nothing about trading or financial markets when I started It was probably the best piece of education that I had recieved up to that time.

Just out of curiosity, I was looking at applying for an junior analyst position with an energy trading firm. What does a junior market analyst in the energy sector make make? I only ask because I have to support a family at whatever I do.

Thanks
 
Quote from CalTrader:

... and another point .... dont be fooled by fake training opportunities put forth by salespeople.

A good requirement should be that the people or firm offering the training take you on as an employee with a regular salary and that they are actually traders and are not, and have never been, sales brokers.
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Can any offer up where I or any other new liquidity.....errrr....trader can find a prop firm with those types of offers.

I have been looking and they seem to be few and far between so far I have only seen FSNY (which I understand to be a bunch of over-egoed jack offs) offering a salary and I understand Schoney is not taking on new Prop traders. It is hard to find some of the smaller shops that may provide this without being in the know like you folks.

Morevoer if anyone knows of any firms outside of strict equities/stock let me/us know as well- I did find a derivatives house which trades options which has a paid training program.

Thanks for all the help guys.

peerless
 
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