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Would you rather trade on your own making 100k yr or trade for a firm making 500k yr
- Thread starter discrat
- Start date
When you work for any of the big name firms, it's not the money that's the issue,... it's the working hours.
Everyone knows a six-figure salary is common around NY (except maybe for 1st year analysts), but do you really want to spend 14-18 hour workdays week after week, month after month???? And that includes weeekends too!!
That doesn't sound like personal freedom to me.
Everyone knows a six-figure salary is common around NY (except maybe for 1st year analysts), but do you really want to spend 14-18 hour workdays week after week, month after month???? And that includes weeekends too!!
That doesn't sound like personal freedom to me.
Quote from rimshaker:
When you work for any of the big name firms, it's not the money that's the issue,... it's the working hours.
Everyone knows a six-figure salary is common around NY (except maybe for 1st year analysts), but do you really want to spend 14-18 hour workdays week after week, month after month???? And that includes weeekends too!!
exactly...........tao & munny can`t fathom this because it`s something that`ll never be remotely possible for them.
grass is always greener & some can`t seem to see the other side of the story.
Quote from Spooz Top:
exactly...........tao & munny can`t fathom this because it`s something that`ll never be remotely possible for them.
grass is always greener & some can`t seem to see the other side of the story.
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...
That doesnt make me the wizard,but it does seem a bit odd that people are making these absurd assumptions....
Lets not forget Coach Knight was at West Point...I think he had it in him to conform at one point...
Quote from rimshaker:
When you work for any of the big name firms, it's not the money that's the issue,... it's the working hours.
Everyone knows a six-figure salary is common around NY (except maybe for 1st year analysts), but do you really want to spend 14-18 hour workdays week after week, month after month???? And that includes weeekends too!!
That doesn't sound like personal freedom to me.
$1m in year opposed to $100k? For sure. Life is about sacrifices and that includes free time. If you are happy with $100k that's fine, 1 year with no days off is nothing, I've done almost 5 years straight with hardly any days off, forget holidays. I could handle it as it was worth every penny earned.
Quote from rimshaker:
When you work for any of the big name firms, it's not the money that's the issue,... it's the working hours.
Everyone knows a six-figure salary is common around NY (except maybe for 1st year analysts), but do you really want to spend 14-18 hour workdays week after week, month after month???? And that includes weeekends too!!
That doesn't sound like personal freedom to me.
There,you are dead right,though traders do have much better hours,especially if you are trading listed or OTC stocks...
But how much time do you think you put in to become a successful independent trader..True,you do have the flexibility,but to be good,or should i say survive,dont you have to commit oneself to your craft?
If you're working up to 18hr workdays, where do you find the time to hone your trading craft? You're too busy working on things for someone else.
I've heard both sides of the fence. Sure you might have tons in the bank, but at what cost in the longer term?? Usually your health. I refuse to be a pill-popper. Money ain't nothing without your health to enjoy it.
I've heard both sides of the fence. Sure you might have tons in the bank, but at what cost in the longer term?? Usually your health. I refuse to be a pill-popper. Money ain't nothing without your health to enjoy it.
Quote from rimshaker:
If you're working up to 18hr workdays, where do you find the time to hone your trading craft? You're too busy working on things for someone else.
I've heard both sides of the fence. Sure you might have tons in the bank, but at what cost in the longer term?? Usually your health. I refuse to be a pill-popper. Money ain't nothing without your health to enjoy it.
traders rarely work more than a 12 hour day.....
And yes,health is wealth...
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.
i think you just answered your own question............why did you choose to leave at an early age??
i know the lifestyle one lives all to well & the street is not that it`s all cracked up to be.you should know this.i`m not going to convince you & you`re not going to convince me....so at this point it`s best to agree to disagree.
btw, you made a wise decision in leaving early with your millions!