yes, he is a published person , i confirm this .he has several papers and published books as a Adj professor in the fields of lying,racism ,impoliteness , speaking rude and making fool of others.
What degree/master/phd would be the best for a trader?
- Thread starter GloriaBrown
- Start date
Gloria: I've been studying trading for a few years (getting round to doing it is my problem...), and I've met all types of people in it. A common one is the trading educator who teaches with great confidence but doesn't actually trade - walk away. Next is the Sure Thing Get Rich Quick System - same. Trouble is, how do you know which is which in advance? Then there are a lot of disembodied egos floating around in the tradernet who are full of strong opinions but strangely short on proof they can do it. I reckon most of us here (or on ny other trading forum) are either aspiring traders or modestly successful ones - surely the message to anyone spending time in this forum who has made billions would be 'have you really nothing better to do with your time'?
The people I know who have made a long term living from personal trading do so in a range of different ways, but there appear to be some common attributes. Humility in accepting they don't claim to know what's going to happen next, stoical calm in the face of losses, an unusual attitude to money as just numbers on a page, interest in the process rather than the outcome, and the ability to disregard what the rest of the world is saying are some I've noticed. Big ego and flashy lifestyle is uncommon from what I've seen, some are really pretty boring 'grey men' - it seems like trading is mostly glamorous in the movies.
In relation to a degree to get a job in trading, a friend of mine is an actuary (a job most accountants regard as terminally boring) who until recently worked in setting up trading algos for a well known merchant bank. He didn't have the stress of trading, but he got paid trading size bonuses. My impression is that economic or other theoretical systems played little part in setting up the algos - he sat next to an experienced trader for 6 months and asked him to explain what he did. He disliked his job for as long as I've known him, but I think he got stuck in it for 20+ years because of the money - so, is life long enough for that?
On the other hand, a few of the personal traders I know who make it work for them trade for lifestyle - they're keen amateur sportsmen, or hobbyists, or similar, and trading is just a way to pay for and make time for the rest of life (none of them sit at their desk 12 hours a day). Sounds good enough to me. However, what few trading coaches tell you is that few of these people started with a $1,000 account - most had enough to start trading at low % risk so they didn't blow their account when they first started out for real.
Max
The people I know who have made a long term living from personal trading do so in a range of different ways, but there appear to be some common attributes. Humility in accepting they don't claim to know what's going to happen next, stoical calm in the face of losses, an unusual attitude to money as just numbers on a page, interest in the process rather than the outcome, and the ability to disregard what the rest of the world is saying are some I've noticed. Big ego and flashy lifestyle is uncommon from what I've seen, some are really pretty boring 'grey men' - it seems like trading is mostly glamorous in the movies.
In relation to a degree to get a job in trading, a friend of mine is an actuary (a job most accountants regard as terminally boring) who until recently worked in setting up trading algos for a well known merchant bank. He didn't have the stress of trading, but he got paid trading size bonuses. My impression is that economic or other theoretical systems played little part in setting up the algos - he sat next to an experienced trader for 6 months and asked him to explain what he did. He disliked his job for as long as I've known him, but I think he got stuck in it for 20+ years because of the money - so, is life long enough for that?
On the other hand, a few of the personal traders I know who make it work for them trade for lifestyle - they're keen amateur sportsmen, or hobbyists, or similar, and trading is just a way to pay for and make time for the rest of life (none of them sit at their desk 12 hours a day). Sounds good enough to me. However, what few trading coaches tell you is that few of these people started with a $1,000 account - most had enough to start trading at low % risk so they didn't blow their account when they first started out for real.
Max
Me, as a private pilot, flying for fun, King Air 90C and PC12 laugh with jokers like you flying these midget planes costing only a few bucks to get in the air.
If you would be real, bragging about all your millions, and being a ski slave instructor in europe (yeah we have to import them because nobody wants to do that shitty job) you wouldn't post a picture of a goblin sitting in a midget plane like you just did.
What's the meaning of it all? You're 81, get out, enjoy life more, there's nothing for you to prove to us, claiming you have wisdom in financial markets with 5 sheet papers and that the industry will need years to be on your level. Really.
If you would be real, bragging about all your millions, and being a ski slave instructor in europe (yeah we have to import them because nobody wants to do that shitty job) you wouldn't post a picture of a goblin sitting in a midget plane like you just did.
What's the meaning of it all? You're 81, get out, enjoy life more, there's nothing for you to prove to us, claiming you have wisdom in financial markets with 5 sheet papers and that the industry will need years to be on your level. Really.
English is not my first language, but I doubt how many native English speaker can understand his words
So true so true.
double major. a mix of math/programming/finance/economics. You can get a masters for $6000 now. Yes, you can learn everything yourself but there are maybe 100 people in the world that do it; just look at the dropout rates in MOOCs.
Also, you do not have to actually make money to be successful in this industry. You could lose money steadily for years and still be considered a wizard. You could lose money for years, create new funds and lose money there, and so on and so on. And still be interviewed on TV.
Where are the investors yachts?
Also, you do not have to actually make money to be successful in this industry. You could lose money steadily for years and still be considered a wizard. You could lose money for years, create new funds and lose money there, and so on and so on. And still be interviewed on TV.
Where are the investors yachts?
Dream on.
Every fund you make will have to disclose the past funds track records were you was a part of it.
Bigger investors in your fund will do due diligence and that's where it ends directly.
Again, dream on.
look on www.iasg.com there are funds (ctas) that slowly lose and still have investors. also you might be friends with a fund of funds and they invest in you. or if your program falls below its high watermark you can create a new program, suggest investors shift assets into it, and start collecting PnL % again.
due diligence ... thats funny
I had one job from graduation until 5 years out. I worked for IBM.
I began and have continued as an amateur since 1957. by 1959 my comissions were > my salary at IBM. I always put 50% of salary into account.
Many organizations have offered me jobs. As my knowldegeand skills became known I worked to solve problems. In the US, everyone is affected by my solutions to three problems every day via my controbutions at EOP. Strategically speaking, I have made other kinds of contributions.
Since MAT became formal and informally before that I have maintained an amateur status by regulatory US standards. By 1966 I had a commercial account at UBS in Zurich.
What you typed above is your mythical version you got from someone who is also missinformed.
when I lived in Grennwich before moving to switzerland, I did work for NY Securities, INC on a portal to portal fee plus expenses with respect to "white papers" QA. There I was offered a partnership (I declined). The offer was a consequence of my social connections (See NYSR) and real estate (See Beekman Fund) in the NY metropolitan area .
In Science and Mathematics, SA is done as Problem Solving. This is foreign to ET. For many years I posted flow sheets of the logic for processing market dta. It fell on deaf ears except for alert types of thinkers. and some creeps here tried to steeel it and market it through fidelity. fidelity has no rational platform that is logic oriented. so nothing came of it except it was ranked at top of fidelity stuff for several years.
I know when I post that almost no one can deal with my input to them. So it goes.