You Can't Trade Without A College Degree!!

Quote from Icarus5:

Nope.

That's a horribly one sided poll.

You'd have to include the traders who didn't get a degree to balance it out.

I
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How so. You've stated that a degree is worthless, yet you don't have a degree, so how could you possibly know that it's worthless?

If the majority of people with degrees concur with your sentiment, then you're right.

If the majority of people with degrees don't concur, then you're wrong.

Would you ask males if childbirth is worth it to have a child?
 
You know.

I don't like to get too deeply involved when people start shouting out what can be done and what can't be done in the markets.

On every thread you have people saying "you can't make x amount in a day" or "it's impossible to trade today" on a day when the previous trend is consolidating in a nice trading range, or "how many of you people are making $50,000 a year?!#!!", LOL if we're good traders, hopefully none of us ... I'd like to think that you can make quite a bit more than $50,000 a year (if you can't, the risk of failure is not worth the reward of sucess, just stick with your middle management day job - get it? )... or the "if I can't figure it out, then you guys can't either" we always get plenty of them, when one wave dies out, another is sure to come along, and reveal their knowledge (or lack thereof) with every post they make.

If someone wants to go to college, by all means, GO. But it isn't necessary to become a good retail trader ... it isn't necessary to make a boatload of money ... and it isn't necessary to achieve financial success in life.


Icarus5,

I have to agree with you on that $50,000 a year comment, I got a kick out of that.

For the most part, anyone who is trading on the pro level will have yearly overhead that is in the ball park of $50,000. My yearly software cost is about $30,000 and dont even have a bloomberg...... Bloomberg itself is around $20,000 a year for the stripped down version.......
 
Quote from Frank Thomas:


Icarus5,

I have to agree with you on that $50,000 a year comment, I got a kick out of that.

For the most part, anyone who is trading on the pro level will have yearly overhead that is in the ball park of $50,000. My yearly software cost is about $30,000 and dont even have a bloomberg...... Bloomberg itself is around $20,000 a year for the stripped down version....... [/B]
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Not everybody who trades in the market is a daytrader. You don't need a "pro" platform to swing trade.

Honestly, I through out a low figure there because I don't believe anybody participating in this thread claiming that a degree is worthless is actually making a significant (or insignificant) living off trading and they've yet to rebuke me on that you'll notice. *wink*
 
Quote from tradestrong:

How so. You've stated that a degree is worthless, yet you don't have a degree, so how could you possibly know that it's worthless?

If the majority of people with degrees concur with your sentiment, then you're right.

If the majority of people with degrees don't concur, then you're wrong.

Would you ask males if childbirth is worth it to have a child?
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No, I stated that getting a degree has no impact on your success as a retail trader or your ultimate financial success in this culture. A statement which goes directly to the thread title.

I did not state it was worthless. I have in fact, stated the various conditions under which it would be useful/absolutely necessary to have it.
Quote from Icarus5:

Now, if you want to go to college, by all means, do it. People do it for many, many different reasons. If you're smart and you want to study some esoteric area which requires a Ph.D., if you want a profession that requires 4 to 8 years of schooling, if you're a briillant guy/girl and you want to become a teacher (met a few of those along the way), well then by all means, do what is in your heart and go to college.
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LOL, I hope you trade better than your reading comprehension implies. :D

I

P.S. Methinks we have one of them college graduates who can't trade here folks.
 
Quote from Icarus5:

No, I stated that getting a degree has no impact on your success as a retail trader or your ultimate financial success in this culture. A statement which goes directly to the thread title.

I did not state it was worthless. I have in fact, stated the various conditions under which it would be useful/absolutely necessary to have it.

LOL, I hope you trade better than your reading comprehension implies. :D

I

P.S. Methinks we have one of them college graduates who can't trade here folks.
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That's fucking funny, because my first post in this thread has been very specific in that I was talking about the benefits of getting a degree whether you planned on trading or not, and whether your degree would be specific to your trading or not, it would still be worthwhile...

...and I recall YOU responding to my post first. So, apparently you're the one that can't comprehend. I knew what you were referring to when you responded to my post, which is why I was specific in making sure you knew that I wasn't referring to just the benefits of getting the degree regardless of whether it related to your trading.

Nice attempt to spin that around to make me look like an ass whe YOU responded to my very specific post in the first place.

Secondly, I make no claims about being a trader. I'm more of a middle term investor with a track record that I'm satisfied with.

How about you? How's your trading going since you espouse the beneifts of trading? Are you making millions a year?
 
Not everybody who trades in the market is a daytrader. You don't need a "pro" platform to swing trade.

Honestly, I through out a low figure there because I don't believe anybody participating in this thread claiming that a degree is worthless is actually making a significant (or insignificant) living off trading and they've yet to rebuke me on that you'll notice. *wink*

Tradestrong,

I dont have a degree. I have been trading for about 5 years. I learned on my own. IT HAS NOT BEEN EASY, and it has taken a lot of work to say the least. I probably wouldn't recommend my route to the average person but it is possible if someone wants to go that route. But if a person is young and has no knowledge of the market and doesn't mind school I would recommend to go the route of getting the MSFE degree. It is very practical knowledge for trading.

On another note though, there are alot of people in this world who have made large sums of money without a degree. To be truthful some of the people I know who have made the most money (other then traders) out of the people i know didn't go to college and infact are not very smart. I still find the not very smart part kind of confusing. But what those people did, they became very good at their business, kept it simple, worked very hard, and loved what they were doing. What it comes down to is there is no one size fits all when it comes to making money.
 
Quote from Frank Thomas:

Not everybody who trades in the market is a daytrader. You don't need a "pro" platform to swing trade.

Honestly, I through out a low figure there because I don't believe anybody participating in this thread claiming that a degree is worthless is actually making a significant (or insignificant) living off trading and they've yet to rebuke me on that you'll notice. *wink*

Tradestrong,

I dont have a degree. I have been trading for about 5 years. I learned on my own. IT HAS NOT BEEN EASY, and it has taken a lot of work to say the least. I probably wouldn't recommend my route to the average person but it is possible if someone wants to go that route. But if a person is young and has no knowledge of the market and doesn't mind school I would recommend to go the route of getting the MSFE degree. It is very practical knowledge for trading.
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I would say that's good advice.

On another note though, there are alot of people in this world who have made large sums of money without a degree. To be truthful some of the people I know who have made the most money (other then traders) out of the people i know didn't go to college and infact are not very smart. I still find the not very smart part kind of confusing. But what those people did, they became very good at their business, kept it simple, worked very hard, and loved what they were doing. What it comes down to is there is no one size fits all when it comes to making money.
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I don't disagree. I just don't think it's a good idea for people who don't have the experience of both trading (or investing), nor the background of having obtained a degree to be reinforcing other people's grandiose ideas that they don't need a degree.

If somebody can succeed at trading, more power to you. But everybody should have a backup plan.
 
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