You Can't Trade Without A College Degree!!

Quote from Algorithm:

Thoughts?

Yeah, finish what you started. GET YOUR DEGREE.

Anyone that thinks that attaining a degree is proof of intelligence is silly. What a degree does prove is that you are a finisher. What are the hallmarks of most finishers?

Maturity
Responsibility
Perseverance
Self-knowledge
More likely to achieve than be a loser

Just to list a few.

Good Luck!

I can appreciate that sentiment. Most definitely.
 
Quote from Icarus5:

I just have to ... LOL.

Oh, allright.

The real life experience of going to war, or any type of real life experience where you are pushed to excel and achieve things which you did not know you were capable of achieving are, in general, a far better training ground for self starters and retail traders than going to school.

1. There is no question of having self discipline ... you have to, to survive.

2. There is no question of who is responsible for you ... you are.

3. There is no question of what you get if you succeed at the task in front of you ... your life.

4. There is no question of you being in a situation that you can handle ... if you survive, you know you can handle anything.

5. There is no question of having killer instinct ... you do.

6. Finally and most importantly, if none of what I wrote makes sense to you or you cannot understand it ... it is because of men like him who put their lives on the line so we can live our comfortable civilized existence.

I

Just to add to that some more-

You hit the point I was trying to make square on the head. It's not about being in the military, ANYTHING that pushes you to the utmost limits of humanity will forge you into a strong human being. Steel is forged in fire. That can be a different thing for each individual, it was the military for me.

It could be college for some, or a time you found yourself on the brink of the abyss. Nearly dying over in the asshole of the Earth was what made me see the light.
 
To WallNBroad and anybody else in your shoes:

Just finish the damn degree! I did school when I was young and again in my 30's with a family and job, it was a lot easier the first time.

Some people get more out of school than others but all else equal it's better to have a degree than not. And no offense but unlike Bill Gates it doesn't sound like you would be giving up any great opportunity to go back and finish - the stuff you are thinking about doing now you can always do a year later.

You don't have to be into it. In most places I would think you can pretty much slack off in your last few classes and still squeak by with a degree. Just hold your nose and do it before you end up married w/ kids.
 
Quote from black diamond:

To WallNBroad and anybody else in your shoes:

Just finish the damn degree! I did school when I was young and again in my 30's with a family and job, it was a lot easier the first time.

Some people get more out of school than others but all else equal it's better to have a degree than not. And no offense but unlike Bill Gates it doesn't sound like you would be giving up any great opportunity to go back and finish - the stuff you are thinking about doing now you can always do a year later.

You don't have to be into it. In most places I would think you can pretty much slack off in your last few classes and still squeak by with a degree. Just hold your nose and do it before you end up married w/ kids.
This is 100% the wrong attitude to have towards finishing you degree ... sorry, but if you don't give it (or anything else in your life 100%), just don't bother to do it.

Speaking of giving something 100%, what is up with the married with children comment :confused: , you make it sound like a chore ... boy oh boy do I hope not! :)

I
 
Quote from Icarus5:

This is 100% the wrong attitude to have towards finishing you degree ... sorry, but if you don't give it (or anything else in your life 100%), just don't bother to do it.

I was debating whether to drop out after my junior year to trade full time.

I decided not to. It would be too much of a hassle to redo the whole college thing. I chose to give 25% to my classes, just enough to survive while I spend most of my senior year in college trading and making a nice nest egg.
 
You can make lots of money without a formal education - but then in order to keep it you will need people with degrees to manage it for you or rather they will screw you and you wont know because you are illiterate - so why not get the damn degree or maybe you might wind up like Mike Tyson blowing $300mil in 5 years
 
Quote from wallnbroad:

There are obviously tons of threads by young people looking for mentors or how to get into the business.

So, Ill add another to that long list. I went to college for 3 yrs then dropped out because A. I didn't want to go anymore B. I was making alot of money trading in the markets.

Now, I want to get a 9-5 JOB in the business.

There is a problem-for some reason it is proving terribly difficult to get even an "office assistant" position with an asset management firm or hedge fund.

I know trading and the markets extraordinarily well for my age (22)-I'm not stupid, I just didn't want to go to college anymore.

So here is my question. I KNOW there are plenty of people in the business w/out degrees. Aren't most of the pit traders ex-athletes? So what gives?

I would be a pit trader except I just moved to Seattle (no exchanges) and from what I hear they are a dying breed. Thoughts?....


-wallnbroad

Its probably like anything else in life..its about who you know. I've been offered a few good jobs with prominent firms, and I flunked out (was asked nicely to leave) of the Unv of Iowa.
 
Quote from Reaver:

I am not exactly sure how it all works, but I imagine they generally like to see advanced degrees, because they somehow equate that with intelligence.

Undergraduate and advanced degrees require a lot of hard work. Lots of people are successful without degrees, but if you put yourself in the shoes of the hiring manager who has to screen through maybe hundreds of applications who are you going to select?

Someone who has the discipline and commitment to make it through a program or someone who claims to have superior knowledge through experience, and who possibly got lucky. Training people to work in a skilled position is costly and hiring managers are adverse to too much risk when it comes to making their selections.

PS. I am not a hiring manager.

Jen
 
Imagine if one had bought Preciuos metals (gold,silver,platinum)instead of having gone to college.

If one was now up +250k instead of owing -50k.


Look at our society, totall failure.



:)
 
Nice thread going on here. I will be graduating high school next year so its given me some good advice on what to do after high school. I honestly think college is by far the biggest scam in the world! Although I do think it is important to have that "piece of paper" I don't think it is at all necesary to being successful, especially in trading. There are more and more people in this world that have more degrees than a thermometor but can't make it a week in the working world we live in.
 
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