Before trading, I was an entrepreneur. Businesses have a failure rate of 65-70 percent if you push the timeframe to about ten years. People throw around the 90% failure rate for businesses, which isn't really true, so I don't know where people get this 90% failure rate for traders. I can tell you being an entrepreneur was much harder for me than trading, not even close. There were so many things that could go wrong with a business. I think for many traders, they trade way too quickly before they know what they're doing. Many want to start making money right away and don't put in the time to really learn a solid strategy. Trading is hard; you can't get around that and the competition is fierce. But nowhere as bad as all the things that can go wrong with starting a business. Don't complain, just try harder.
his dad owned a brokerage. anyway, to join the house, u must have a degree in math, computer science and a minor in finance. Here are the house career websites: http://www2.goldmansachs.com/career...firm/fit-in-quiz/where-do-i-fit-in-quiz-frame There r a lot of HFT jobs http://www.job-search-engine.com/keyword/hft/ Work for the banks trading department. If u do not have those degrees, go back to school and get them. Also, if u plan to go back to school, make sure u go to a school where many trading firms.banks recruit. Do not enrolled a school where trading firms/banks barely exist recruiting grad.
I'm fine without the ego serving corporate scene. Not to mention being brainwashed by liberals in a school and paying 100-200 thousand dollars for it. Just a big pissing contest comparing dick size in those environments. All IMO of course. To each their own
One of the guys. who was a trader, who interviewed me at GS had a degree in English from Cambridge. I don't think you really know anything.
that landed him a sales job. Not a trader. Doesn;t matter anyway, once a person is in goldman sach, the game begins if goldman sach successful traders will like him or not. Normally, in today world, a successful traders let say he is 55 yrs old would like to chat with a programmer. A 55 yr old goldman sach trader is old school and will trade the old school way. Given the high tech world in trading today he is willing to chat a brand new algor trader. 99% of those apply at goldman sach will get rejected. There are tons of trading firms in new york and london. http://www.job-search-engine.com/keyword/hft/ look at those companies hiring here is careerbuilder link http://www.careerbuilder.com/Jobsee...ExpHigh=gt50;ExpLow=0;MaxLowExp=-1&IPath=QHCM beware for the prop firms. most of them are not legit. Normally, when in school, u will see many trading firms recruiting in the college job fair. Should be easy to land a trading job before graduating.
He just wants all the mojitos for himself But he only drinks because he likes the taste And he's still the best leading indicator in the forums, so let him vent in peace
95% of all comparisons do not trade outside their comfort zone on 100 to 1 magnified leverage.They are not marketed this illusion take losses with a stop loss and a illusion perfect science called t/a.They do not open businesses with $100,000 to trade $10m. If there was no leverage and costs of trading , I doubt if 95 % of self investors on buy and hold would actually lose money.The vast majority of investors lose due to costs of the financial industry and the institutionalised fraud called wall street.
Wall street insiders do not trade with fear and greed outside their comfort zone, but on inside information , to churn commissions from over trading , and they trade on lose it all we win basis.It is your pensions they blow , not their own money.
Because 90% of the trading is a scam. rigged game. Daytrading and swing trading is negative sum game. Futures is a zero sum game.