Would you rather trade on your own making 100k yr or trade for a firm making 500k yr

I highly doubt it since it was meant for the average retail trader.

GS studs do not read any books, they learn it in front of their face day in and day out.

What's your point.... :)

Quote from Drew07:

You think any GS studs have read your book?
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Quote from optioncoach:

I highly doubt it since it was meant for the average retail trader.

GS studs do not read any books, they learn it in front of their face day in and day out.

What's your point.... :)
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who art thou if i may ask??
 
Quote from discrat:

'Has anyone here (other tahn me)actually worked for a major investment bank???

The responces i am seeing are complete and utter bullshit... "


Taowave, I guess learning to use
proper and simple grammar and spelling is not a prerequisite in attaining a job at a large investment Firm !! :eek:

I think people here would be more inclined to believe you were this so called hotshot on Wall Street if you demonstrated a little more solid academic background :D
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Interesting side note. Many people who are truely gifted in mathematics (ie. know how to properly pronouce Poincare and Euler) have deficits in the communications area. Not to mention they refuse to shower and are completely socially inept.

The more you know :D

And before you say being top shelf with respects to math does'nt mean you can be a good trader. You should probably look into the hiring practices of big firms when it comes to pure math phds.
 
Quote from optioncoach:

I never wanted to work in the big trading firm sine I turned to trading professionally after a 1st career had run its course.

I am sure trading at GS is a wonderful rewaridng experience but I would need a super super high salary before I gave up trading from home.....
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Its becouse
1. You have your own website/ news service/........etc
2. You know how to trade optios well.....for god sake you teach people how to trade.
3. You probably have a huge account

But what if you not proficient in the markets???
What if you want to learn more???
What if your accoun is small?
:confused: :confused:
 
Well first I do not have any service or etc....

Second I was talking about myself as the question was directed at each of us as individuals, not asking what I demand others do.... I think you see the difference :). Hence the use of the word I in my phrases lol...


Third, if you are not proficient in the markets, what in the world makes you think GS or any major investment bank would hire you anyway. In that case you wil have to do it yourself :)


Quote from rateesquad:

Its becouse
1. You have your own website/ news service/........etc
2. You know how to trade optios well.....for god sake you teach people how to trade.
3. You probably have a huge account

But what if you not proficient in the markets???
What if you want to learn more???
What if your accoun is small?
:confused: :confused:
More...
 
Quote from taowave:

Spooz,
I am getting the impression that I am the only person in this conversation that actually worked for an investment bank(Salomon,Nomura) and LEFT at a pretty early age. So while 99% of the posters here are bullshitting about their Zen/Taoist paths they choose,I can actually speak from experience...
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no wonder you sound a bit short on the experience side, and eager to get consensus to your way of thinking.
Did you get the boot?
 
Quote from rateesquad:

Its becouse
1. You have your own website/ news service/........etc
2. You know how to trade optios well.....for god sake you teach people how to trade.
3. You probably have a huge account

But what if you not proficient in the markets???
What if you want to learn more???
What if your accoun is small?
:confused: :confused:
More...
the OP wasn't asking the newbees. He was asking if you would give up your 100k for 500k at a firm.

i.e. assuming your earning is already at the 100k level.

of course, if you are not at the 100k level, the choice would be a no brainer. No questions needed.
Then the issue is not whether you would choose to work for a firm, but whether the firm would choose to hire you.
 
Quote from optioncoach:

I highly doubt it since it was meant for the average retail trader.

GS studs do not read any books, they learn it in front of their face day in and day out.

What's your point.... :)
More...

My point was that if these guys who make well into 6 figures at a big firm have read your book and learned stuff then the satisfaction of knowing that is worth quite a bit. I just heard you wrote a good book on options I really didn't know your target audience was retail.
 
Well I doubt it. Someone earning 6 figures at GS trading options is not learning from a book, except a Cottle type book. They are learning from those around them most likely and trading complex posiitons while hedging greeks and are way above me.

I am more satisfied with helping retail traders who often jump into options too quickly with too little knowledge and lose money too easily.

Only people I would recommend my book to at GS are the mutual fund investors who have no clue on how to use options to limit risk and hedge :D as is true with most mutual fund-type investors.

Quote from Drew07:

My point was that if these guys who make well into 6 figures at a big firm have read your book and learned stuff then the satisfaction of knowing that is worth quite a bit. I just heard you wrote a good book on options I really didn't know your target audience was retail.
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