Usually, those who don't have the willingness to go to school and study are either really dumb or are lazy asses. Two traits that aren't very suitable for trading. At least the traders with good academic backgrounds have something to fall back on just in case trading doesn't pan out. Those with no degrees have no where else to go but perhaps be spud technicians.
I think he indicated the latter, but then I don't think he knows what he wants to do, - like a guy I remember who said I" just want a job in the markets" - " which area of the market are u interested in" I asked, " I dont know, I just want to work in the markets", to which I replied, " I think u should do some research first" - which he interpreted correctly as "F*ck off"
actually, no. i'm a first generation korean and went to Queens college. my folks work at a small deli. until last year, my folks and 2 sisters shared a 2 bedroom apartment in Flushing. my wardrobe used to consist of 1 suit and a bunch of shirts and khakis i bought on sale at Conways. fortunately, i've made some decent money from the markets to move out on my own and afford some more luxuries (2 suits! and an occassional meal at TGIF's). it's from my observations from the folks i've come into contact with that those who drop out of high school or not pursue a college degree generally lack ambition and have very small goals in life. i have yet to meet a high school drop out with the right work ethic to succeed in trading. they try for a couple months and fizzle out, hence more likely to give up easier. i don't want to sound like a snob or anything (and with my Queens college degree, obviously I have no right to). i'm just sharing what i see.
Side note... Posts like this really confuse me. If it's really such a mental game, and really all about emotional control, etc, why is it that so many people can't even find a single edge in the market? Seems to me the biggest problem is finding an edge, otherwise there would be plenty of trading books you could pick up with systems in the them that REALLY do work if you could simply control your emotions, etc. This doesn't seem to be the case. peace axeman
No, i thought it stood for rich kid (Sohn being the German word for son). English isn't my native language so i'm missing out occasionally.
Correct. Trading isn't only about mental state, psychology, etc. An edge is needed. System / plan / strategy. The science behind them is pretty simple. <font color=red> "Anyone with average intelligence can learn to trade. This is not rocket science" </font> William Eckhardt