Poker Pro needs Career Advice: Trading --- Work and Compensation

Troll

stick with where your at dude. 24 and a half and you expect to make ~1M/ year and you would want to start out getting coffee for people at your desk to make $100k your first year...

Stick with what you have.

You only make $1-4M a year playing poker? That's weak. You could be making way more - just hook up with Full Tilt Poker. Ask Chris Ferguson and Howard Lederer how to make real money playing poker!

I love how just because a few ex poker players succeeded in trading it's now considered just an easy career switch. Also I find it quite hard to believe that someone making a million dollars a year playing poker would be researching a career change.

What decent investment bank/hedge fund would throw money at a random poker player who makes that kind of money.

You'll either sound like a liar or a moron, take your pick.

having made a decent bit at poker myself im pretty sure OP is trolling

screen name(s)?

So quick to judge. He was told to post his question here after putting it on another forum (poker-related). After running through his post history (2.5 years, >200 posts), nothing seems out of place. Made 100k+ in 2008, and was playing 1k hunl (and higher) online in 2009. Recently mentioned looking for a 50/100+ PLO game in Austrailia. Perhaps his annual range is overstated, but if he figured it based on his hourly x 80hrs a week, which he mentioned in the post, his winrate is $1k / hr. Reasonable number depending the stakes he's playing in 2011. He'd also have no reason to troll this site, he asked the same question on another.

lol... I know plenty of people made millions yearly from online poker, spending 40 hours a week. Just because you guys haven't done it, doesn't mean OP is trolling.

But I wonder how you are expecting to continue to make 7 figs yearly, when everything online just got shutdown. Playing poker in a casino is much slower, therefore earning potential drastically decreases.

Just because I'm making a killing in poker it's somehow unreasonable for me to seek an avenue to greater profits....makes sense. I cannot make any more playing poker, 1-2k/ hour is about the max you can ever expect to average.

What I want to know is how much effort can I expect to expend to see personal profits in the mid 7 figures (5M+)? The other forum I posted on one response quoted 4k-10k hours to maybe see those kind of profits, can anyone confirm or deny? Factoring in opportunity cost and time value of money is this ever the right play? Also, I'm not looking to fetch coffee 80 hours a week so that will somewhat narrow my options to prop shops, right?

Don't bother posting if you're just going to claim that I'm lying about my poker success.

Mate your not talking about a straight conversion here. Not every ex poker player makes it to the promised land of millions of dollars in trading just because of this risk management skill transfer that you supposedly get from playing the game.

If you do have such balls and determination to trade why wouldn't you just start on your own. You clearly have the capital but now you want someone to stand over your shoulder and teach you how to play? Jesse Livermore accurately describes trading as a lone wolf tactical game. With your capital if you had the confidence to be trading you would be doing it and not looking for some glorified place to make you look good on paper.

I think you need to learn more about the career path of a trader before you make such a leap. If you're talking about trading at an investment bank for example, you won't be breaking 7 figures for at least 7 years at best (and that's if you're REALLY good) which equates to 21k hours assuming you work 60hrs a week.

At a prop shop, you eat what you kill so you could break 7 figures a lot sooner .. but it's far from an easy path anyway and just because you've been successful in poker does not mean you will be successful in trading.