What other careers are there?

Discussion in 'Trading' started by michael21, Jun 25, 2012.

  1. newwurldmn

    newwurldmn

    Have you found anything useful so far?

    Finance is big. Trading is a very small percentage of jobs in finance and it's probably the least value added.

    Good finance jobs (meaning stability) can be found in corporate development and finance jobs at large corporations. You would be analyzing new projects, understanding divisions, analyzing strategic M&A.

    As you know, insurance companies do a lot of interesting things.

    Controller stuff can be good (what Lane did in Madman). I have a lady who does that at my company and it's a very valuable skill (to manage the cash of the business).

    Commercial banks do interesting work as well. Credit card companies, commercial loans, etc all fall within the fields of finance.

    Then there is the investment community. Doing securities research, etc. The opportunities outside of this are more limited but there can be a lot of upside. Also in the investment community, there are midoffice jobs, risk management, and financial planning, etc.

    And as mentioned before there's accounting and tax planning.

    Depending on your education background, experience, credentials and pedigree some of these may or may not be open to you.
     
    #41     Jun 25, 2012
  2. Hey dicklet I've already said I'm break even WITH commissions now shut the hell up.
     
    #42     Jun 25, 2012
  3. jj90

    jj90

    I understand your poker analogy, but if he is BE after comms, then ex comms he is actually up. We must be miscommunicating here. BTW, the entire thread/poster is probably a troll.
     
    #43     Jun 25, 2012
  4. why do we need one extra parasite?
     
    #44     Jun 25, 2012
  5. why do we need one extra parasite?
     
    #45     Jun 25, 2012
  6. The reference to my college poker days was meant as an anecdote not an analogy. People have a difficult time admitting they lost and rationalize in their minds how they broke even.

    My point is the same as yours: BE after commissions means he is not BE but actually up the amount of his commissions. I made two attempts to convey that point, but maybe I was too hard on the dolt for not connecting.
     
    #46     Jun 25, 2012
  7. You don't need to convince me. See if you can convince your daddy and he might back your trading. I'm sure he is smart enough to figure out that if your commissions didn't come out of your pocket they must have come out of the market, which means you were good enough to extract over 12 or 18 or whatever number of months you decide to stick to.

    Still, my sense is you are better suited for making sandwiches than for trading. Get in front of a mirror and practice saying the following convincingly: WELCOME TO SUBWAY!

    Your future may depend on it.
     
    #47     Jun 25, 2012

  8. You talk a big game over the Internet when it's just you and your porn. You sound über successful. Enlighten us with your genius.
     
    #48     Jun 26, 2012
  9. jnbadger

    jnbadger

    I suggest you two fight it out on the P/L thread. I've been there, done that. Your turn, big talkers.
     
    #49     Jun 26, 2012
  10. dealmaker

    dealmaker

    If you have your S7 then you can go and become a financial advisor, most are hiring if you have a degree from descent school perhaps with Merrill Lynch or American Express if not Ameriprise, Edward Jones or one of the insurance companies.
    Besides a financial advisor if you have S7 you can become a junior trader or back office....
     
    #50     Jun 26, 2012