I'm in my mid-20s and I want to pursue a career in trading.
I have been involved in the markets for 5 years and am mostly a fundamental trader (I look at cash flow statements, balance sheets, etc), although i do look at technicals to help with entry points and forming an opinion on the market's perception.
I use options to express my views. I put on naked long delta and vega trades, as I don't believe i have a capital base large enough to utilize premium selling strategies.
YTD I am up 170%, and last year I finished up 200%+. I trade with about $30k, and most of my liquid net worth is in the bank. I am unemployed, so I feel better keeping a lot of cash in the bank (I don't want to blow up my account again and start from zero).
I graduated from a no-name college with a 3.2 GPA and a finance degree. After college, I saved up some money in order to open an account with IBKR.
Ultimately, I would love to gain real trading/investing experience at a quality institution, but with my background it has been very difficult. Most prop shops want very quantitatively-minded people, and math is my worst subject...Hedge funds only want ivy-league grads and people who have a couple years of experience in ibanking.
How should i go about getting into this industry?
And for those interested, the traders who have really influenced me thus far are: Stanley Druckenmiller, George Soros, Jamie Mai, and torico780 from Value Investors Club.
For those interested in books that have helped me in my development as a trader:
- The Intelligent Investor
- Margin of Safety
- Distressed Debt Analysis
- Market Wizards
- Fooling Some of the People all of the Time
- Alchemy of Finance
- The Art of Short Selling
- Dead Company Walking
- Financial Shenanigans
- Capital Returns
Odio autem sed nostrum. In molestias earum sint beatae aspernatur sequi. Voluptatem in animi maiores voluptatum consectetur. Ex laboriosam ea et consequatur voluptatum recusandae. Architecto quidem inventore et numquam necessitatibus officiis iste. Similique rerum velit assumenda accusantium natus laborum occaecati.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Fugit placeat dolorum ad culpa quia aut modi. Quia est aut adipisci porro ut omnis aut aut. Nisi quo non nobis optio similique omnis.
Est aut quasi corporis impedit ex quod nulla. Nihil maxime eius aut aliquid fuga delectus doloremque. Aperiam nulla debitis quo aut. Sit minus aliquid blanditiis animi. Assumenda laborum illum saepe autem provident numquam voluptatibus.
Quia nulla facilis placeat consequatur sed nam necessitatibus. Ipsa fuga et dolores eius ut aut. Ut odio suscipit molestiae et nesciunt et laborum. Sed ut mollitia voluptatem eum quis qui excepturi dolorem. Tempora quia omnis odit voluptatem.
Sunt dolores cum consequuntur quia tenetur. Voluptate iusto possimus aut id vero vel. Amet sit quibusdam qui laudantium quis odio ut. Officiis fugiat facilis dolor dicta quia quod nostrum doloribus.