Transition to full time trader quitting school and work

apo99 said:
The opportunity cost I will gave up if I make the transition is a 6 figure salary in the world of finance, but I found out that trading is my passion not working in some office doing boring spreadsheets all day. Also a full head of hair lol.
More...

Do the pv calculation, risk adjust it for upside and downside and you will see your answer to my question.

How much capital do you need to have an acceptable margin of safety to fund your lifestyle and sense of entitlement compared to your best risk-free alternative ?
 
Last edited:
newwurldmn said:
Do the pv calculation, risk adjust it for upside and downside and you will see your answer to my question.
More...

I would still rather make 75k a year trading than make 150k working at financial firm. Im leaning towards graduating in June and finishing my CFA, then just keeping my part time job and trading until I have a 500k account before switching over. Or maybe just trade and work part time forever I don't mind that at all.
 
apo99 said:
I would still rather make 75k a year trading than make 150k working at financial firm. Im leaning towards graduating in June and finishing my CFA, then just keeping my part time job and trading until I have a 500k account before switching over. Or maybe just trade and work part time forever I don't mind that at all.
More...


why break what is working?I mean part time is working fine.

You miss this?


Clipboard01.jpg
 
apo99 said:
I would still rather make 75k a year trading than make 150k working at financial firm. Im leaning towards graduating in June and finishing my CFA, then just keeping my part time job and trading until I have a 500k account before switching over. Or maybe just trade and work part time forever I don't mind that at all.
More...

You think a required rate of return of 15percent gives you enough margin of safety?

You can't have a CFA without working for a firm. Why would you get your cfa if you are studying finance?

Fwiw I have my cfa.
 
newwurldmn said:
You think a required rate of return of 15percent gives you enough margin of safety?

You can't have a CFA without working for a firm. Why would you get your cfa if you are studying finance?

Fwiw I have my cfa.
More...

But you can get Lvl 1 which im studying for

Id be happy with a minimum of 15%
 
apo99 said:
But you can get Lvl 1 which im studying for

Id be happy with a minimum of 15%
More...

It's all or none. If you have a finance degree then you will learn nothing new.

Will you be okay with a zero year. Then what will you do? What if you are down 10percent.
 
newwurldmn said:
It's all or none. If you have a finance degree then you will learn nothing new.

Will you be okay with a zero year. Then what will you do? What if you are down 10percent.
More...

His brain chemistry will change from part time to full time , he will then face phsychological issues , So I suggest he read phsychology involved in full time trading .

I very much doubt any real traders exist here , to give that opinion he requires. I know all these forum chareacters behind the internet mask.
 
I think OP is in Montreal. In Canada, CFA is almost mandatory for a finance type job. The competition is pretty fierce in Toronto. Just having a finance degree won't cut it depending on what OP is looking for.
 
newwurldmn said:
It's all or none. If you have a finance degree then you will learn nothing new.

Will you be okay with a zero year. Then what will you do? What if you are down 10percent.
More...
You pretty much need a CFA here at minimum,

and If im down 10% or not making any money then im doing something wrong
 
You must log in or register to reply here.
Back
Top