I've recently graduated from a state school with a mediocre GPA. I've been trading for about 7 years, I started with $20K and I have grown my account to around $280K. I have also used this account to pay for my living expenses, taxes, and a car. So, my results would be better, accounting for these factors. I understand that luck can account for probably a large portion of my success, therefore I am looking to leverage this experience into a good job, that I probably would not have been able to obtain based on my credentials such as GPA. I will continue to manage my portfolio on the side, but I believe that I still have much to learn about managing money. I think my performance indicates that I have some talent in valuing companies, so I would be offering value to prospective employers. Basically, I am wondering if there is anyone who can provide any useful advice on how to obtain a position under these circumstances.
MTE: How do I get my track record in the hands of people who could give me capital? volente: How can I become a boss of a large enough fund to cover living expenses ~2M, with only 280K and a 7 year track record. In other words, I'm looking to leverage what I've done into either capital to start my own fund or a position within an existing HF or PE that would enable me to start my own fund within 3-5 years. Any input, from anyone, on how to make this happen?? Or is there anyone on the board who can make this happen???
Do you want to go into a bank or a prop firm ? Your performance is very good, and given your age it's even exceptional ! How old were you when you started ? (I am 20 myself, trading since I am 18).
Prop seems kinda BS to me. I've done fine without ever using leverage. And I don't think it would help me, as I do not have an edge in day trading. Not sure about bank, given the right position, maybe. I would think a hedge fund would be ideal. I started when I was 16 and now I'm 23. Accounting for withdrawals, I've returned around 45% annually.
If you are good ($$$), they don't care about your GPA. For them it's only a mean to discriminate between all these similar candidates (that have never traded for most of them). And 45% annually without leverage at 23yo is awesome! You should contact firms, hedge funds, sending them your equity curve. Then, you can provide them the official statements if they ask for proof. Good luck !
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