If 90% fail, then why do these banks and hedge funds require a
damn 4.0 just to be considered? Everyone knows, EVEN mark
douglas, author of Trading in the Zone says that education
doesn't mean sh-t when it comes to trading. Even engineers,
doctors, and other highly educated people fail at trading all the
time. So 9 in 10 Harvard, Ivy league grads are going to fail this
year. Everyone makes the damn analogy to baseball and how
athletes do so well in this business, why not just go out and hire
a bunch of football and basketball players to be traders, instead
of the smuck who got an "A" on his pointless english essay?
Anyone with the disipline, money management, edge, and
emotional control can be a successful trader. A stay at home mom
could have just as good a chance if not better than the Harvard
I have *my* answer to this question...
I firmly believe that when someone is between the age of 13-21, their true "profession", their job, is to excel at school. If they can't bear down and do their job well, there's no reason for me to think that they'll suddenly become superstars after school.
That's not to say people who struggled in school can't possibly do well... of course they can.
But that's not my problem. I don't need to be the one that gives them a chance. I want the employee that's most likely to succeed in this new professional career, and that's going to be the person who also succeed in their academic career.