I need a good story....

Discussion in 'Professional Trading' started by windward, Dec 30, 2003.


  1. The book suggestions were simply a starting point. I don't think it's a reasonable expectation to earn $50k on $2MM without taking some significant leverage(gamma) in options. I trade flat delta, but take significant short gamma and volatility positions.

    FWIW, I've 15 years trading this stuff as a pro so the anecdotes aren't applicable to your situation, but I've not had a month under +$50k in over two years(9/2001). My account is typically funded at a bit over $2MM.

    For those returns I'm carrying significant exposure past 2sigma, it's a cost of doing business -- and I simply make sure I've got the bulk of my profits in hard assets. My style isn't for everyone, but I manage to sleep well.

    arb.
     
    #41     Dec 31, 2003
  2. commodities, low risk, several hunderd percent return, 3-6 months. must be the holy grail.
     
    #42     Dec 31, 2003
  3. ig0r

    ig0r

    It's as old as trading, nothing special about it. Didn't say there was no risk, it's lower risk than trading commodities outright :) You still have to trade. It's also a better option than trading commodities unhedged because margin reqs for spreads are much lower.
     
    #43     Dec 31, 2003
  4. when you put it that way i can accept it.
     
    #44     Dec 31, 2003
  5. DK_

    DK_

    Sounds like you're looking for a major change, even relocation. If this is the case consider Cayman with no income tax, capital gains tax nor inheritance tax. You could job shop there or consider something in the tourism industry if you've had enough of computer screens.

    WRT an edge, I'd say it's there just very aggregate and not particularly exciting. I took a quick look at the stocks the highest scores from yesterday, all were shorts
    10* DOW +0.54%
    9* BBH -0.38%
    7* PD -1.58%
    7* SEBL -1.35%

    Swing trading is definately in the domain of those with day-jobs and retirees.


    Good luck and please keep us posted
     
    #45     Dec 31, 2003


  6. concur with the CAYMAN call. i love that place !

    surfer :)
     
    #46     Dec 31, 2003
  7. babe714

    babe714

    I punched trader into the yahoo hot jobs search ( quotetracker ad) . these are the openings for today :


    Search Results


    Criteria: trader, Direct Employers, Staffing Firms





    Jobs From: All | Employers | Staffing Firms
    Sort by: Most Relevant | Date 1-50 of 295 | First | Previous | Next | Last


    Job Title Company Name Location Salary Date
    Refined Products Trader UBS Investment Bank Stamford, CT Dec 31
    Refined Products Trader UBS Investment Bank Stamford, CT Dec 31
    Equity Sales/Trader and Convertible Bond Trader Dawn Taylor Associates Fairfield, CT Dec 31
    Municipal Bonds Trader Support Michael Page Intl. New York, NY Dec 31
    Crude Trader UBS Investment Bank Stamford, CT Dec 31
    Crude Trader UBS Investment Bank Stamford, CT Dec 31
    Foreign Exchange Sales/Sales Trader - New York Global Systems Staffing, Inc. New York, NY Dec 31
    Associate FX Options Trader Support Michael Page Intl. New York, NY Dec 31
    Lumber Traders Abbott & Associates Birmingham, AL; Portland, OR Dec 31
    Trader Lamonex Los Angeles, CA; Los Angeles, CA Dec 31
     
    #47     Dec 31, 2003
  8. ig0r

    ig0r

    Lumber trader sounds fun
     
    #48     Dec 31, 2003
  9. You can scratch this one off your f$%king list. I just finished a 2 hour grueling interview with the c%$#*%@king HR manager and landed the job.
     
    #49     Dec 31, 2003