Good Luck, you should try and find a way to bull shit your resume. Do you now anyone that owns a business that can claim you worked for him. This is probably is an immoral thing to do but you are in a desperate situation.
dont sweat getting a job...what it all really boils down to is if the guys sitting across the table from you thinks he would like to work around you. there are lots of job opportunities all over the place!
How does one convince an employer that he wasn't a total bum during his trading years anyway? Or is that an inevitable stereotype from the public eye? They just assume you wake up, turn on the computer, make a few clicks, and then play golf, which is so far away from my reality. Geez, I feel like a nervous and insecure college senior with no job yet.... because I'm practically in the same situation.
Having had a "real job" for too many of the last sixteen years (as well as plenty of freelance and self-employed-small-business work), I can definitively say that having a "real job" isn't what it's cracked up to be. I'd say that your 9-to-5 rat-race friends should be envious of YOU, for having had the freedom that they don't. The so-called "stable paycheck" is as much a trap as it is security, and with the way globalization (layoffs, outsourcing, offshoring) and benefits (employer-provided healthcare, pensions, retirement plans) are going, the security part of a steady job is fast becoming an illusion. Be proud that you took the road less traveled, and never, ever settle into a "real job" where you make somebody else rich off of your back-breaking labor.
very sad...feel for ya..it's not all u fault tho, mkt are atrocious to trade even if u l'omo ragno; were u daytradin'[?] cuz banks and instits are liquidatin' daytraders day after day...shud be no much of a wonder and not a q. of broken dreams but da reality of a difficult mkt, innit[?]
Hey Broken, Have you been failing at it cause you fail to follow your trading plan? or are there other reasons? Wish you luck
important thing is you took a shot. that takes balls. and when you were pasionate about the market - and pursued it - that is the key too life.doing what you love. and now you have an mba in the market which will serve you well going forward. you may be a bit bruised but you will bounce and find something else you are passionate about and pursue that too. and then probably that will change and that will be ok too congrats and good luck to you going forward. ps. mbe rent a cellphone and give it to one of your buddies wives. she will be the "receptionist." make up a job and make up a company suitable of someone with your great skill level and the contribution you have made for the past five years.... get your buddy to pose as your ex boss. then shop your resume. no shame in lying on a resume....imho. devious - but trading does tend to be a coiled steamer on your resume. best
Instead of giving up, get married (make sure the wife has a job). That way, her income can pay the bills and you can stay home and trade.
Question, If 90% of prop traders at a typical shop fail, what percentage of prop traders fail at places like GHCO, FSNY, that also hire people with little to no experience?? Those firms pay a good starting salary and are highly competitive, but are they naturally better at hiring future traders, or is it more of the techniques/learning that they teach? Or does none of that matter and 90% of those guys fail as well?? Would love to hear from someone who perhaps traded with them.