Quote from Aew:
Hello EliteTrader members,
I made a thread on another trading forum, and was advised by a member to post here, as this site may prove to possess more qualified people within the profession.
One area people seem to be concerned about, is my lack of formal education. I was under the impression, that this profession (trading and hedge fund management) was more about performance and providing results, rather than having a piece of paper.
I am a profitable trader, who is in the process of building a portfolio of live statements as proof of my results. Statistically, these results are an average of 15% ROI per month, risking 1% of capital per trade. I thought this is what mattered in the industry, and is what would dictate my success, but people seem to think otherwise.
To put everything in context, I will attach my full post from this trading forum. I thoroughly appreciate any advice you could take the time to pass onto me. Thank you.
" I am 18 years of age. I became immersed in the world of trading/financial markets a couple of years ago. I instantly fell in love with it.
Ever since, I have had a burning desire to become the best, and excel beyond all others in this field.
Some may call what I have an obsession, but what they think is irrelevant. People can call it what they want. I have a passion for this and I plan to pursue it to the fullest.
The further I went down the rabbit hole, the more I discovered my passion for this profession, and my insatiable thirst to succeed within it.
I dropped out of High school, and decided to devote all of my time to becoming the best.
Ever since, I have been studying (whether it be literature or the charts) for over 15 hours a day, without exception. In fact, some days I'd lose track of time and forget to sleep.
Mind you, I live in Australia, and hence, London/US open is later in the day for me (London open 5PM, NY open 10PM).
Where do I see myself ? I will open a Hedge Fund and I will win ( Do not confuse this statement with a destructive EGO, as undoubtedly, some of you may point out).
I have discovered, tested, and fine-tuned a profitable system to suit my personality, and have begun building 6 months (Or however long it may take) worth of live statements to prove my reliability and profitability, to potential investors. This will then lead to the acquisition of investor funds, and the beginning of building my business.
My question is to those of you who have experience in this profession or in this field. What do you suggest I do, in terms of specifics, to ensure I get to the top? I will do anything that is required of me to achieve this level of success.
My strengths are in Technical Analysis, but I have very little Fundamental Analysis knowledge. Perhaps this would be a field to study in order to enhance my results?
The reason I have little to no Fundamental Analysis knowledge, is due to the fact that I do not trade the news (I trade the reaction to the news). But I make no judgement upon Fundamental Analysis. I am not wise, nor experienced enough to know its potential benefits, which is another reason I am making this thread.
As I have said, I am willing to work as hard as it takes. 15+ hours a day of study is a given for me. If you tell me that I need to go days without sleep, then I will do it without question. This is thoroughly enjoyable for me, and I do not see it as work.
Note: My focus is majorly in building my own business. Getting into investment banking, or working for someone else in a proprietary trading environment, is not the direction I want to take myself in. I want to focus all of my energy on my own business, so that I may compete against these firms/investment banks, not work with them. "
