How To Go From Retail To Institutional Trader

Discussion in 'Professional Trading' started by Fundlord, Aug 22, 2015.

  1. habnib

    habnib

    It's not free mate, believe me
     
    #51     Aug 25, 2015
  2. bone

    bone

    Higher relevant college degree, apply for an analyst or trading assistant position ( those positions are much more frequently posted on career websites ); then, work your way up from there.

    My 2 cents. Just an opinion.
     
    #52     Aug 25, 2015
  3. Ask yourself this ... If you were a fund would you invest in you knowing your worth ethic, track record, risk control, etc. Until you can convince people with a verifiable track record o
    Ask yourself this ... If you were a fund would you invest in you knowing your worth ethic, track record, risk control, etc. Until you can convince people with a verifiable track record over varied market conditions that you are top notch in all these areas the likelihood of raising large sums of money is small. Would you give your hard earned money to someone to invest if they weren't excellent at all those things and could prove it? I wouldn't. Work hard - there are no shortcuts.
     
    #53     Aug 25, 2015
  4. Guile

    Guile

    Holy shit! Lots of posts here. One piece of advice: learn to code. It is cheap in terms of tuition, has high utility and mitigates a ton of risk inherent to financial careers. That's it. No bullshit. Learn to code.
     
    #54     Aug 27, 2015
  5. I know you don't want to hear the truth and prefer to keep living the fantasy. But, regardless, i will speak truth

    It is impossible to go from retail to institutional trader unless you hide the fact that you ever traded retail from your employer.

    Institutions don't want retail traders and will avoid them like the plague. They want folks who they can train from the start or those with the experience they happen to be looking for at the time.

    Being a retail trader will kill your chances at being hired.
     
    #55     Aug 27, 2015
  6. nitro

    nitro

  7. Most ET thought that institutions trade like what they did :

    Looking at TA in their chart
    Find something they though is good risk / reward ratio in their chart (dreaming they can find something from the bare chart)
    Put in PT and SL
    Pray for Win, blame he is not following his rule when he loss.
    Repeat
    ...
    Reload their account after they loss 80%...

    It is amusing to imagine of the ET traders to show off their "retail trading" experience in theit interview with a Goldman interviewer.
     
    Last edited: Aug 28, 2015
    #57     Aug 28, 2015
    Ghost_of_Blotto likes this.
  8. Visaria

    Visaria

    isnt $8000, a 4 figure sum?
     
    #58     Aug 29, 2015
  9. Kulraj

    Kulraj

    Jarrat Davis is the only retail trader that I know who has gone from retail to pro. Perhaps he is not trading a billion dollar HF, but he is trading professionally.
     
    Last edited by a moderator: Aug 29, 2015
    #59     Aug 29, 2015
  10. Guile

    Guile

    Fundlord, learn some math along with coding.
     
    #60     Aug 29, 2015