Continue to try and land a job at a F500 company, I think it's possible. I won't attempt to trade on my own, if I ever decide to I'll go back to school for a math degree, get a good GPA, and work for a Prop Firm.
Thanks for the update. If you ever decide to go back to school...be aware that top universities now offer trading classes, famous guest speakers from hedge funds, institutions and many other types of professional traders. All of these listed top universities have state of the art trading rooms that were funded by many that are the best in their profession.They even have national and international simulator contests and real money contests...a few of the winners have used such to get internships and jobs at top firms. There's a detail list here at ET with the names of many of these universities. Just use the search to find the list.
Yes, absolutely true. But the question is -- do firms hire from these programs? Or will the grads end up slaving away at an underfunded hedge fund never knowing from week to week if they are getting paid?? Surf
it's fine if you are trading only for money, the main point I am making is you should not be thinking about it whilst in the process of trading as you say. Although I am suspect to believe that money is the ONLY reason you are in trading. You are telling me that you find no enjoyment in it at all? Or having the freedom to work your own hours, have %100 control over the decisions you make? Being completely responsible for your own results? (i.e. you are rewarded on performance not bureaucratic bs).
I have met way too many newbies who get into trading or seven years later have ideals to show friends and relatives they finally accomplished to become profitable, What you offer of other reasons to do this business is a result of profitable trading, you certainly can't be doing them if you were losing. So ALL that you mention, unless you love to lose, can't be gained to their fullest by accumulating Tax carry losses next thirty years. I have traded all over the world, found one Russian coffeehouse to have twenty day traders in middle of the night, London, Belfast etc...But I would have never been able to do so without the money, so YES, I love to make money, cause it is a hell better than losing your ass each day as I did in the beginning, I remember those days much clearer than days where I have completed huge long term trades. I am financially secure for many lifetimes cause of my trading, way to keep score, so I do have a choice to keep doing it or walk away, I have a staff that trade my systems, have automation, it is what those who been working at nearly four decades. I have expenses of employees, seat leases, built office for my staff, all to trade my 401k, I love MONEY MONEY MONEY. I own other businesses to make money, house rentals to make money, do tax lien notes to make money. ALL the other reasons you have written I already had before getting into trading, I would not have spent more than lifetime to do what I do. I am a business owner who does as he pleases and I might add work more than sixty hours a week, I love to work and make MONEY MONEY MONEY. Let's see what you can accomplish if you make no money?