Maybe he is boasting <img src="http://www.cartoonstock.com/newscartoons/cartoonists/ksm/lowres/ksmn808l.jpg" alt="boasting cartoons, boasting cartoon, boasting picture, boasting pictures, boasting image, boasting images, boasting illustration, boasting illustrations" title="boasting cartoons, boasting cartoon, boasting picture, boasting pictures, boasting image, boasting images, boasting illustration, boasting illustrations" class="directory_result" /> <p class="small-print">
This is a fun thread! And a serious question. On the trading side - this is very important at some point you HAVE to scale up dramatically. How you get there is the art. i have no idea about bonds or futures or whatever this e mini crap is I just do stocks but I can tell you for years and years I did great with 300 to 500 shares a position and then the pressure to make more builds why not try the same ideas with 800 to 1000 shrs? But a lot of double thoughts start to happen and it's hard to move an entire portfolio to that level and you cherry pick stks to overweight and one of those blows up and ruins a qtr. I have forced myself up to the 500 shares and above level but for regular trades of much more than that I feel more comfortable running the idea past someone who manages my bigger account. he has never said no so it's an exercise in restraint really... first knowing this guys long history in the market I cannot be too stoned in my presentation and the idea cannot be so farfetched as for embarrassment that culls a lot of too risky plays, second I leave the position sizing to him so if he likes the idea it's apt to be a huge position and if he's thinking oh no another green tecxhnology startup it's apt to be not a large in the account. Blanket sizing up can be problematic in stks, some amount of filtering is needed.... So if you can export your system to some extent and place trades through someone with years in the biz, you may find the overall return so much greater it's worth paying a managing fee. Then you may be able to take bubble baths during the day as I do. As for other jobs that maintain dignity and a tie to finance. Try writing up trading ideas and emailing them to some entity on a constant basis. If you don't get arrested you will get a job offer of some sort. I did this for years with my old newsletter and I can't tell you how many offers I got to dream up ideas for traders to push. Well two but there are weird ghost writing type jobs in finance. Also why not be a Caddie? I mean it. I did this for years in my twenties and guess what? I KNEW ABSOLUTELY NOTHING ABOUT GOLF! I played football for gods sake but you get up early the dews on the grass the air is fresh the fat cats ask you to schlep their load and then you make some general comment like " turn that hand over " or " really follow through " and they hit a lucky shot and you are king for a day. Usually they begin drinking and you are treated to a beer or two and maybe a hot dog and then the whole party culminates with a big tip. Then you go out again. ~ stoney
Or get some info tech training and get a job with Infosys or Tata or some other Indian outsourcing firm. Heck, you can then get to visit Bangalore for 6 months, and come back and make about $12 / hour - it's even better than McDonalds.