Im a 20 year old college student who is very passionate about trading the worlds financial markets and was wondering if I could get some input on my predicament. So I have profitably traded emini S and p futures, and 10 yr treasury note futures for the past several months after an awesome mentorship with a private trader. What's unfortunate is that this success has only made me more passionate about trading, which isn't necessarily bad, but it is causing me to really lose interest in my studies at school. Adding to my animosity is that Im studying economics and politics, and its becoming more and more evident to me that an academics worst enemy is a trader, so often when I participate in class my opinions are very quickly shut down by the professors, which has become very discouraging. So although trading on my own account does provide me with a nice income for someone my age I would really like to increase my bankroll, as I am still quite small. Basically I really would like to immerse myself in trading completely and was wondering if you guys thought any prop firms would hire somebody who hasn't graduated from college but is successful in trading or any other options you guys think I may have. Thanks
Finish school and redirect your passions towards college tail.... You need the diploma to show the world you can finish what you started in case the trading thing does work out for you (or your passion wanes) the first, second, third, or fourth time....
Several months is a small sample size. You need to trade through a few "cycles" and see where you are after that. If you are still doing well, then pursue trading full time. Otherwise, it's best to hedge yourself with a good education and another passion and trade on the side
If you can establish a consistent methodology to daytrade the emini you don't need a prop firm. You are already working on 100:1 leverage (if you choose to) and you not only do not need more leverage you should not use what you have available.
Thanks for the responses guys getting the degree is definitely the responsible move but I don't think I'll be able to put down trading as long as I continue to be profitable
Yea it definitely has been detrimental, particularly today /ZN was bizarrely low. But I figure if Ive learned to trade in this awkwardly positioned market i should really do well in a normalized market, that is if we do ever normalize
I'm interested as well to know what kind of positions this guy likes to scalp. As of last night (sunday), there were 2 minute candles with 300+ traded on the ES. Plenty of liquid to scalp 5 contracts up and down IMO----maybe im just a ES newb though. lol