Day Trading After Investment Banking?

Hakuna_14's picture
Rank: Chimp | 13

I'll be studying economics in college and was looking at careers for economic majors. IB seems interesting to me but obviously the hours seem horrible. I was wondering if it will be a good idea to tough out IB for a few years and then become a day trader afterwords and be more free with my life. Would S&T make more sense for this "career route". It's not the end of the world if this doesn't make sense because I'll be able to do a lot with an economics degree anyways, just wanted some insight from this forum.

Comments (12)

Jan 13, 2020

It's really fucking hard to make money as a trader. There are easier ways to build a passive lifestyle.

Most Helpful
Jan 13, 2020

Lmao please tell me this is a joke

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Jan 13, 2020

Only way to go about trading is binary options with 1000x leverage. You want to go big, don't you?

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Jan 13, 2020
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Jan 14, 2020

Ah, yes, Instagram FX / Crypto / Binary traders and signal sellers - trusted purveyors of robust trading strategies.

    • 2
Jan 14, 2020

Fake charts and rented cars the wall street lifestyle ;)

Jan 14, 2020

That is amazing. I love that his main goal is to "keep saving" as he blows 2k on nonsense and is saving up for a stupidly expensive car which will immediately lose half its value.

To clarify, he's 16 and clearly smart, if he wants to buy random luxury goods like gold chains, good for him, he made money at an early age. But anyone who thinks that they're on the road to "saving" while buying that shit is.... crazy

Jan 13, 2020

My only question is why do you want to do IB first? If you want to trade, trade.

Jan 14, 2020

If you seriously want to trade for a living ( and I'm using that term generously) a couple of things have to happen. First and foremost, don't get brainwashed by the tim sykes and ricky Gutierrez and the stupid youtube charlatans of the world. No you can't start with $1,000 dollars and use moving averages and you'll have a lambo and retire in 2 years. You need capital to work with AND experience. You're probably not going to have the infrastructure a bank would, thus I'm not sure how helpful S&T is going to be for your endeavors. Ideally, you want to get to a hedge fund (long short fund, I'm assuming you want to trade equities) or a reputable prop shop (most of which require quantitative degrees now) and LEARN. And getting to either one of those is saying something (plenty of advice on this forum with regards to getting to either or). Once you've built a track record and process, you will need capital ( which, if you're at a hf or prop firm, you already have access to it, and you get paid performance bonuses. Which, depending on AUM of the firm, more than likely trumps the idea of saving up millions to start trading or gathering outside money)

Jan 14, 2020

i swing trade based on an ai/ml algorithm used for preferences on pornhub. has worked great so far

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Funniest
Jan 14, 2020

Hey guys, I'll be studying gender in college and was looking at careers for gender studies majors. Being a carpenter or plumber seems interesting but obviously the hours seem horrible (but hey, at least I won't be flipping burgers like those silly business school kids). I was wondering if it would be a good idea to tough out plumbing for a few years and then lateral to plastic surgery (boobs)? I'd make a lot more money, and will have established experience in the field of art.

THx!

    • 13
Jan 15, 2020
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