What to do with my life?

Discussion in 'Trading' started by shotstakovich, Dec 14, 2018.

  1.  
    #11     Dec 14, 2018
  2. how is that a red flag?
     
    #12     Dec 14, 2018
    optionsgambler and d08 like this.
  3. nickynoes

    nickynoes

    It gets easier the more you try. Also it might even improve your trading. You can take a break from the markets, they will always be there along with the opportunities.
     
    #13     Dec 14, 2018
    cdcaveman and shotstakovich like this.
  4. expiated

    expiated

    ScreenHunter_2803 Dec. 14 12.19.jpg
     
    #14     Dec 14, 2018
    smallfil and MarkBrown like this.
  5. EsKiller

    EsKiller

    May I ask why you are trying to break into the hedge fund industry ?
     
    #15     Dec 14, 2018
  6. nickynoes

    nickynoes

    Position sizing should not be based on any generic rule, but rather the statistics of your system.
     
    #16     Dec 14, 2018
    optionsgambler, d08 and sle like this.
  7. I interned at a small hedge fund in college, and my background is in fundamental analysis. I would be happy at a prop trading firm as well, although most of those seem to be heavily quant.
     
    #17     Dec 14, 2018
  8. understood. To be fair, I've since brought my position sizing down a lot since college. I do hedge out delta risk for very large positions, especially when I have a view on vol
     
    #18     Dec 14, 2018
  9. Specterx

    Specterx

    First off, to echo another poster it sounds like you are taking way too much risk in your trading. Risk per trade is what matters, and regularly risking more than about 2% is inviting a catastrophic drawdown.

    IMO you need to get on the career ladder ASAP leveraging your existing skills and degree. Hedge funds are a tough way to go as the industry is declining, every year funds close and release thousands of experienced pros into the market. Consider getting a masters if you have the funds, a masters is the new bachelors as far as many employers are concerned and schools can be useful in hooking you up with internships or jobs. From the way you describe your strategy it seems like you could do OK trading nights and weekends while working a normal job. Look at trading as a 10+ year path of building your experience and track record while your day job pays the bills, contributes additional trading account capital, and perhaps helps you make some connections.
     
    #19     Dec 14, 2018
    smallfil and shotstakovich like this.
  10. fan27

    fan27

    If I was in your situation, I would be asking myself how could I quickly build up my trading capital and trading skills. Given you have a college degree, you could get a sales job and in short order be making six figures if you can hustle. Depending on your expenses, you could have 200k saved within five years and hopefully have a good trading track record to go along with it. From there, you could look at raising capital to trade or join some sort of group/fund to trade their money.

    Good luck!
     
    #20     Dec 14, 2018
    yc47ib and shotstakovich like this.