What will you do if you don't succeed in trading?

Discussion in 'Professional Trading' started by Anon314159, May 17, 2006.

  1. Guess you haven't heard of age discrimination. In the interest of full disclosure, I'm only 25. But, it's very hard to get a new job the older you get.
     
    #41     May 18, 2006
  2. Adobian

    Adobian


    Amen ...

    BUT ... and a big BUT ... What the heck can I do without full time internet ? LOL
     
    #42     May 18, 2006
  3. Adobian

    Adobian

    This is a sad truth, but it is a well resounding Truth. A lot losers around you, although on the internet, they all sound so smart :) And then you are alone, desparate.

    Be smart folks, network with real people.
     
    #43     May 18, 2006
  4. Cheese

    Cheese

    No, asswipe, lying is a bad idea.

    Be prepared for many or most things in life and business; if so opportunity just keeps falling into your lap.
    :)
     
    #44     May 18, 2006
  5. I think Mowery was saying.. it would've been a lot easier to get a minimum wage job back then while there is competition for even those jobs nowadays.
     
    #45     May 18, 2006
  6. Fair enough. I live in NYC. Everyone seems to hate on it for being so expensive. Yet, there is absolutely no shortage of high paying jobs. Of course, it's expensive to be here, but I think NYC nets out on top.
     
    #46     May 18, 2006
  7. Yes thanks Rip.
     
    #47     May 18, 2006
  8. Oh ok! So creating a fake company and saying that you worked for it isn't lying? My bad.

    Incidentally, I was agreeing with you.
     
    #48     May 18, 2006
  9. Cheese

    Cheese

    You have to get real about life. Nobody else gives a flying horsesh*t about you when it comes to you trying to get a job.

    There is only you and your agenda.

    I was suggesting a legal company, not a fake company. I have not had to set up a company for that purpose. But I have owned or run various companies so its not a big deal.

    The point is you are in charge of any information about yourself.

    No one has to lie. But you can choose what information about yourself you want to give or what information about yourself you wish to select which helps you.
    :)
     
    #49     May 18, 2006
  10. newguy1

    newguy1

    i left school to daytrade for a year. What an experience.

    Now i'm going back to finish out my senior year, at 25 (i'm a bit old)

    The idea is that upon graduating, i'm going right back into daytrading. Maybe it will be with a prop. Maybe it will be for myself. So far, I've seen the good and bad with both.

    I'll give it at least 2 years after my undergrad. (one of my trading buds thinks if you're not getting after 1 year, its time to move on) If it doesn't work, I'll apply for a masters in fin math. (i'm a poly sci guy, but i spent my last semester junior year in undergrad studying math for this reason only...)

    I figure if I can't hack it, the only thing I can do is look for trading-related positions where making money is not necessarily the primary goal, like in daytrading. (quanty/programmer position, execution trader, sales trader, trade support, ect) Positions like this are easier to come by after doing the masters. (seriously you should see some of the resumes of the masters students. great academics, but experience is something like, "I tutored math for 6 years)

    That was the plan A. Plan b is go to grad school for law. Plan C is to become a broker, of any type.

    And then theres plan Mysteriously High Pay. This plan is about occupations that pay a lot, but you wouldn't normally assume this. A good example is the personal trainer at 24hr fitness. Great pay, but then again, some barriers to entry (fitness, certification...did you know they actually require a B.A in kinesiology/something P.E related, or a certification?) Another example is tennis teaching pro. Good pay, but again, barrier to entry (need to know how to play tennis)

    (I can see it now...help somebody get into shape in the afternoon, teach a private tennis lesson in the evening, put some trades on in the morning. there it is.)

    Some people say that thinking/planning on failure is a bad thing/you weren't meant for trading. I can see that on some level. But on another level, if you never planned for failure, it'd be like daytrading 100:1 with a 3k account. nobody recommends you do this because you'd expect auto failure. Just because you do a littlle "cover your ass" planning, doesn't mean you're not cut out to be a trader.

    (I'm surprised nobody actually brought that argument up in the thread, so I thought I'd just throw it out there if anyone disagrees)

    Good trading, and good health!
     
    #50     May 19, 2006