Now if I can get into GS I would kill for it. By the way if anyone wants a college freshman in a B-school whose GPA 3.5 and had been trading for 3 years. PM me.
Would you rather trade on your own making 100k yr or trade for a firm making 500k yr
- Thread starter discrat
- Start date
I do not want to post here but I do wish to say that
in order to make 100 K a day you have to be
working with OPM or have reached a level
of success that most people on ET can only dream
of
I do think it is all relative
a single gent making 100 K plus in a yr as a trader who
might have not much highly paid job prospects otherwise
or who might have only made only 5-50 K yearly
in his working life prior to making his six figures
is probably content even if he is working alone
in his sweats and a T shirt without sick leave or vacation
leave pay
in order to make 100 K a day you have to be
working with OPM or have reached a level
of success that most people on ET can only dream
of
I do think it is all relative
a single gent making 100 K plus in a yr as a trader who
might have not much highly paid job prospects otherwise
or who might have only made only 5-50 K yearly
in his working life prior to making his six figures
is probably content even if he is working alone
in his sweats and a T shirt without sick leave or vacation
leave pay
the other side of equation is not just $500k.
consider this:
-- you might have to move to NY or Chicago.
-- hassle in commute to the office
-- office politics
-- targets to meet. not just annual target, but quarterly, monthly, weekly, etc. There is no let up to pressure from your section head. Everybody is watching you and your P/L.
-- to make $500k for yourself, you have to carry a B-I-G load of leverage. It is OPM, but it is still money, and believe me, you can feel the stress.
-- you have to explain everything you do. If you have a down quarter, or slightly off month, the boss will be calling you to the office and ask you why. They want to know everything about you, your marital situation, your bowel movement, etc. Afterall, they have to cover their behind too, just in case you fail. (now you know why a lot of the big house traders don't last past their 30th birthday.)
oh well, there is Wall street glamour, and there is a dark side to it too.
granted, being on your own is not easy. Loneliness and boredom does affect you. You have to develop and build your net work of peer support, so that you don't go brain dead in the middle of the day.
I do. I love my minivan. also the half "the brainloss midday" would wipe me out..cause the other half I lost some years ago...ET keeps me going...
We're all very impressed here.
I love how people who actually make what most people would consider a lot of money are usually pretty modest and don't brag about how "better" they are than everyone else....(At least in my experience). It's the wannabes who are insecure about not making all that much money who are the first ones to run off at the mouth or try to appear wealthier than they really are.
ie 50 thousand dollar Cadillacs parked in front of a government housing project.
I have a better car than you...