Endicott's genuine advice to young people who want to make it as pro traders

Discussion in 'Professional Trading' started by endicottsteel, Apr 22, 2016.

  1. qxr1011

    qxr1011

    i stopped reading here... if we talking about trading for a living 2 years are not enough

    i also saw word prop...come-on...

    young people - forget about this advice
     
    #61     Apr 26, 2016
    Buy1Sell2 likes this.
  2. dartmus

    dartmus

    It's obvious.
     
    #62     Apr 26, 2016
  3. honestly that's totally cool. Everyone will have a different opinion just the same as everyone has an opinion about how to trade the markets. I find most of my views differ from the retail minded trading book approach, that's the space I am in. GL.
     
    #63     Apr 26, 2016
  4. Buy1Sell2

    Buy1Sell2

    ABSOLUTELY CORRECT
     
    #64     Apr 26, 2016
  5. newwurldmn

    newwurldmn

    Math isn't about stringent arithmetic (though 2+2 always = 4). It's about being able to think spacially. Some of the best traders in the world didn't study engineering. However, they all are able to think spatially. What is the impact on X if Y happens. When Y happens really big, does X follow the same pattern than if Y happens not as big?

    Spatial thinking isn't the only skill required in trading, which is why so many math geniuses fail at trading. It's really hard to succeed at trading without that spatial thinking. That's the math that is required. And that same math is required in fundamental analysis as you (for example) understand the impact of competitors leaving a market and new capacity being added to fill their demand while there is a risk over over capacity when it's all done.
     
    #65     Apr 26, 2016
    profitlocker and endicottsteel like this.
  6. yeah forget about trading alongside long term professional traders you stand a much better chance trading from home in your pants lol.
     
    #66     Apr 26, 2016
  7. volente_00

    volente_00

    This is the exact reason engineers fail at trading.
     
    Last edited: Apr 26, 2016
    #67     Apr 26, 2016
  8. Buy1Sell2

    Buy1Sell2

    Correct.
     
    #68     Apr 26, 2016
  9. troll denied. how the fcuk you haven't been banned I dont know lol.
     
    #69     Apr 26, 2016
  10. Buy1Sell2

    Buy1Sell2

    Trading is learned by getting in and trading and losing real money in the real market.--Not by joining a prop firm or moving to a large city.
     
    #70     Apr 26, 2016