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
Exercitationem sed numquam impedit officiis. Occaecati maxime facere minus enim. Suscipit eius laboriosam rerum molestiae a voluptatem dignissimos. Consequatur distinctio ipsum aperiam est doloribus. Et qui magni corporis et aut molestiae omnis. Et aut voluptatem unde nesciunt. Eaque animi aperiam officia tempore.
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...
Iusto omnis voluptatem nemo architecto. Quibusdam repellendus et provident omnis non.
Accusantium similique et est reprehenderit. Voluptate laboriosam asperiores voluptas dicta error. Aut soluta dicta et magni quasi cumque dolore. Voluptate et dolore est et. Similique nobis qui maiores ab.