Umm, if a hedge fund is already paying you six-figures for risk management, it should be much easier for you to nose around and find a good trader willing to take on assistant or at least allow you to watch them at work. Granted their style of trading may not be your cup of tea, but I don't see any reason you should limit your education to learning how to fish for opening "mispricings" and playing follow the specialist for .20 net per ticket. Take those 6-figures they are paying you and fund your own education and trading stake, use your contacts to find someone who's willing to show you the ropes. Anyone who advertises they can teach you how to trade will probably make more from you than you can ever learn from them. Good Luck!
Are you nuts leaving a 6 figure job to Day Trade :-} If you have a few million in cash then I guess its ok. Hell with the prop firms , man if you have experience trade from home.
Can I find out the name of the company your leaving, and who to talk to about getting your old job??? Hey I will even kick in a few C-notes for an introduction. All kidding aside I wish you the best of luck. I am a business owner who trades (retail level) and its the best part of my day!!
when I first saw the title of this thread *Gonna Jump* the first thing that came to my mind was that crazy commercial on CNBC where that guy jumps out of his window and lands on the lawn and his neighbor walks bye. They sure have some stupid commercials on that channel, but somehow that one hit my funnybone. (No offense intended, just couldn't resist.) cheers
Guerilla: You can make millions for your hedge fund, but once you get into the trading arena alone you will face someone you might know very little about: yourself. Be careful. Best wishes, Negotiator
it is so much easier to trade successfully if you have a backup income.scared money doesn't trade very good.
true. it seems like one of the jobs of the market is to hunt down scared money (shakeouts). Tom Baldwin once said, 'every fill will be tested.' I see this as a way to keep the market solid.
Guerilla, You should try FFasttrade's trainer for a couple of weeks before you take the plunge. You and I have very similar backgrounds and I would test my own trading ideas and theories without risking capital at first. If you can't get any consistency, look for a prop firm that offers training. If you are consistent or show promise at least, give it a whirl with your own cash. I just saw an experienced stock trader blow $250,000 in Futures in 8 days, because he tried to trade e-minis like they were individual stocks. The key is consistency and discipline and very few traders have both. Good Luck! Risk Less