What is the largest hurdle to become a career Trader

Discussion in 'Professional Trading' started by ben 12, Oct 25, 2009.

  1. ben 12

    ben 12

    COULD SOME OF THE CAREER TRADERS LET ME KNOW WHAT IT TAKES TO BECOME A TRADER AT A FIRM OR TO START YOUR OWN HEDGE FUND ?
     
    #1     Oct 25, 2009
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  2. Topper

    Topper

    To answer the subject of this thread, for me, living expenses while building from nothing yet again.
     
    #2     Oct 25, 2009
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  3. OTCkrak

    OTCkrak

    hi... CAPS ARE TABOO in online forums but it doesnt bother me ;)

    the biggest hurdle in being a career trader is that it is very hard to extract consistent profits from the market.

    the easiest way to start a "hedge fund" is to get the series 3 license and register as a CTA and introducing broker... if you have a managed futures program and are trading money for 15 people, you basically* are running a HF
     
    #3     Oct 25, 2009
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  4. bone

    bone

    1. Build a trading system and demonstrate it's edge in the real markets with real capital. You can use a $10K retail account if it will accomodate the strategy. Don't bother shopping simulated back-tested results around to trading firms. Trading managers want to see real capital at work; the amounts risked are not that important if the strategy and instruments are scalable.

    2. Go to a top-5 business school and angle for an elite type of summer intern job posting (if you can find it) between your first and second years.
     
    #4     Oct 25, 2009
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