How to avoid being one of the 90% losers? Here are step by step toward becoming a successful traders. Let's begin with the age If you are about to graduate from high school: 1) Look for university that many trading firms recruit and hold a college career fair every semester 2) Get a degree in applied math, computer science, and a minor degree in finance. Today, 99% of trading are done by math and computer. Floor trading is long gone. DO NOT get a business degree. That will land u a sales job. Otherwise, the company u will work for will be similiar to the movie glengaryglenrose? 3) Attend college career fair and get an intern from a LEGIT Trading Firms. 4) After graduating a math and computer degrees, u will be able to read binary numbers EASY: 1 0 1 0 0 1 1 0 1 1 | − | − − | | − | | x o x o o x x o x x y n y n n y y n y y Do you think if a person graduate a business degree will be able to read binary number? 5) Shouldn't be hard landing a job in a LEGIT prop firm, hedge firm, brokerage, HFT firm, and bank. By the time u hit 30 years old, u should be a successful trader. If not, your personality stink which explain why your bosses and workers dislike working with you. Those that want to begin trading as a career should use those steps above whether u are 40 years old or 50 years old. If you decided not to get a math and computer science degrees will have a hard time getting a trading job in the house. If you decide not to work for the house and want to self learn how to trade, U WILL FALL WITHIN THE 90% LOSERS. After all, the HOUSE creates the advanced Technical Analysis not known in the public while the 3rd party educational vendors sell 19th and 20th centuries Technical Analysis Indicators. I am looking for a good answers. Bring them Up!
think about this. If a guy is a math wizard, the odds are higher he is not a gambler because it is illogical unless he is an alcoholic or drug user.
isn't emg the guy who will watch a 10 point upmove in the ES only to try and short it for a point? LOL, yeah don't listen to him
Are you sure about that? "A recent survey of successful gamblers, including both professional gamblers and amateurs, has proven once and for all that gamblers with formal qualifications in mathematical subjects are the most successful. This is not to say that in order to be successful at gambling it is necessary to be a mathematical genius, but it certainly helps." http://blackjack.gamingsupermarket.com/news/1008/mathematicians-make-the-best-gamblers
Very good article: A perfect example of this is one of the most successful gamblers of modern times, Edward O Thorp. His qualifications include a Ph.D. in Mathematics from the University of California, an M.A in Physics from the University of California and a B.A. in Physics from the University of California; quite a bundle of impressive qualifications. He went on to make a fortune on the stock market. We are dealing numbers! The difference between blackjack and trading is, Vegas does not allow bots while bots is legal in trading. Those that disagree with me on pursing math and computer science degrees are lazy which explain why more than 90% of small traders lose in a "Spectacular Fashion." They just lose!
Lol, chill emg! I'm just having some fun... Actually, all I wanted was to get the classic "They Just Lose" line out of you
90% of small traders trade the rigged scam stocks and rigged futures and options. And market makers' business model' is trade against clients. negative sum game.