Can a Graduate Degree from Oxford U help me get a salaried position in trading?

Discussion in 'Professional Trading' started by FreedomPhighter, May 29, 2003.

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  1. trader99

    trader99


    Freedom,

    Well, congrats on your acceptance to Oxford. Oxford has a good math program. Perhaps, I can speak a little bit about your situation. I went to a top Ivy League school here in the US. I have worked on both sell-side and buy side institutions during portfolio management, trading, and quant research.

    And let me tell you this SURPRISE. When I tried my hands at prop trading(almost 1.5yrs now), I thought all of this stuff that I learned in school, the complex modelling skills I've gained during my previous quant trading jobs,etc. would somehow help me in prop trading.

    The truth is NONE of actually helped! At least not directly. Perhaps indirectly. I had to go through all the ups& downs and psychological turmoil of trading. Now, I admit I'm beyond my previous newbie skills. And perhaps my education did play a small role in helping me recognize or discovered certain "edge"(positive expected value strategy). But it's the psychology that helped me applied it correctly and maximize the edge. And no one can teach you psychology.

    Education is good if you need to go to established institution that looks favorably on that. But if you want to trade for yourself then none of it really matters. Because markets are collective crowd behaviour and the crowd is usually irrational and erratic and crazy at times. hehe.

    Psychology, emotional make-up/intelligence , and perseverance probably counts more and help you in the long run in terms of trading success.

    However, education can be a good foundation if you want to become a pure systems trader or worked for a quant trading desk/hedge fund. Most of what Wall St does is NOT "trading" per se. It's market making. The public is confused. The pure traders who do well are very rare and difficult skill to obtain and can not be found in anywhere except through deep introspection.

    So, again congrats on your further education. But the market isn't so simple. But the thing is most established places will pay you while you learn. So, that's a good stress reliever while you are a beginner. So, go for that.

    good luck.

    trader99
     
    #111     May 29, 2003
  2. okwon

    okwon

    :eek: EOM.
     
    #112     May 29, 2003
  3. Sounds like you suffered a number of buttkickings in grade school. I'd expect you'll get the same treatment from the blokes at Oxford.

    Great thread. Definitely one for the archives.
     
    #113     May 29, 2003
  4. Are you aware that I posted my first message to EVERY forum on elitetrader.com and someone, a moderator I assume, deleted all my posts except for this one? The first and second responses to my post were on OTHER forums from which my original posts have been deleted. If you don't understand that then I believe my estimation of your intellectual capacity is worse than I assumed. Think to yourself: WHY IN THE WORLD WOULD I CALL THE PEOPLE ON HERE ASSHOLES? I just wanted my fucking question answered. YOU MUST HAVE MISSED THE RESPONSES THAT WERE POSTED ON THE OTHER FORUMS WHICH WERE, IN FACT, NEGATIVE. If you knew me personally you'd know that I am hardly the type of person to start any shit with people. But you would also know that I am hardly the type of person who will take any shit from people either whether you hide behind your elite trader status or not. The decent thing for the moderator that deleted my posts to do would be to confirm that the first responses to my original post were on other forums (not the career trader forum). Thanks
     
    #114     May 29, 2003
  5. Nordic

    Nordic

    LOL!! Oh come on now you Oxford bound self made guy. At least this forum kept you off the Internet porn sites. Now your wrist is sore from typing all day.
     
    #115     May 29, 2003

  6. Yes you are right about that. I suppose I just worry too much. Thanks
     
    #116     May 29, 2003
  7. Almost the entire forum is thrashing me with negative remarks and you say that I am making a fool of myself? I beg to differ
     
    #117     May 29, 2003
  8. Dude,

    Stop with the Elite Trader or Elite Member stuff.

    What's up with that?

    More importantly, why are you going around at an annonymous discussion forum...

    assuming you know my academic background or the academic background of others here?

    I know for fact there are several members here with post graduate degrees and a few PHd's...

    two of which I personally know...

    and I've never seen either of them even mention their academic backgrounds here at EliteTrader...

    even amongst a thread full of personal attacks when they were posting in those threads.

    Your still young and hopefully you'll learn some useful social skills that doesn't undermind your academic background or underminds anything else that puts yourself in front of others...

    P.S. I've competed in sports against several from Oxford and I don't remember any of them with the character you currently display...

    Also...it was a good trading day and you seem to miss out with that many posts...

    maybe Oxford will teach you better time management skills.

    In other words...go to bed or out to dinner with friends and relax...

    that's were I'm heading...bye.

    NihabaAshi
     
    #118     May 29, 2003
  9. I would love to get along but I feel as if I'm in a den of lions with only my bare hands to fend for myself. All I wanted was some insight on where Oxford might bring me. These people can be ridiculous...
     
    #119     May 29, 2003
  10. if you encourage this much animosity everywhere you go, i feel really sorry for you. and don't give us this BS about only responding in defense, if you really wanted constructive advice you'd know not to lash out at anyone for any reason on your thread. that's not kissing ass, it just decency and common sense when you're asking for something. maybe there's a course on emotional intelligence at oxford.

    face it, you came here to brag.
     
    #120     May 29, 2003
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