Would a trading firm hire some one with average math skill??

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gnr2206

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This question has been playin on my mind for quiet some time. Would a trading firm realistically hire me? The reason i ask this is because the more i read up on trading, the more i hear people talking about the need for a high level of maths.

Is this really true?


How important is maths?

Are my dreams of day trading over (ha)? I know this is such a defeatist thread but i always try to realistic.

I would also like to add that the reason(s) why i want to day trade are as follows:

1. I have an interest in financial sector and economics
2. (May im wrong but) I like the way that you dont have to rise high up to CEO etc. to make a fairly decent pay salary
3. If your are skilled you get paid- Pay for you performance. Unlike careers in the public sector, the pay is not incremental.
4. Exciting career choice
5. Not much bull**** teamwork
*im open for correction on any of these points i add


I would also like if someone could recommend other jobs in the financial sector i may like. Please note that im quite an introvert, like computers and like working by myself.



SORRY FOR THE LENGTH OF THIS (LOL)

:LOL::LOL:

:)

.
 
Very helpful BlackSwan :D

What I think BlackSwan summed up in 2 letters is that most of the Prop Firms and IB's would not risk taking a average self taught trader who they feel would not learn as quick as a Oxbridge grad student. With this they know they can teach any grad student the way they want them to trade for the firm or IB's. Assuming you are not an Oxbridge student they really would not consider you unless you had a pretty good consistent trading record.

I myself do not come from a privileged background I come from a rough "ghetto" area and went to a pretty rubbish school but I have managed it I had to work and study on my own with my own money on the line...But I have managed to trade conistenly for about a year now and am now considering going full-time..... Once I feel I have a big enough cushion to cover losses and unexpected "quiet months" :D

But don't worry......If you feel like you are feeling as if you can't compete with these high class people... Focus on trading well on your own for now....and prove to yourself that you are capable of trading well and that you don't have to be Posh and well educated in this game....Although I must say it helps... :D
 
Last edited:
STRTRADA said:
Very helpful BlackSwan :D

What I think BlackSwan summed up in 2 letters is that most of the Prop Firms and IB's would not risk taking a average self taught trader who they feel would not learn as quick as a Oxbridge grad student. With this they know they can teach any grad student they they want them to trade for the firm or IB's. Assuming you are not an Oxbridge student they really would not consider you unless you had a pretty good consistent trading record.

I myself do not come from a privileged background I come from a rough "ghetto" area and went to a pretty rubbish school but I have managed it I had to work and study on my own with my own money on the line...But I have managed to trade conistenly for about a year now and am now considering going full-time..... Once I feel I have a big enough cushion to cover losses and unexpected "quiet months" :D

But don't worry......If you feel like you are feeling as if you can't compete with these high class people... Focus on trading well on your own for now....and prove to yourself that you are capable of trading well and that you don't have to be Posh and well educated in this game....Although I must say it helps... :D
Click to expand...


very helpful comment! thank you!

your have confirmed my thought that you do have to have great degree's to work for trading firm
 
zupcon said:
Why on earth would you want to work for someone else ?
Click to expand...

Er 'cos he thinks he'll get, from the huge salary and bonus; a mock tudor starter mansion, a Lambo, a fit high maintenance bird, a 47" Azimut and a seat at Le Gavroche on speed dial from his gold and diamond encrusted Vertu...

This all despite the fact The City is now just about to enter its (this time it's for real) second round of layoffs...:D
 
Black Swan said:
Er 'cos he thinks he'll get, from the huge salary and bonus; a mock tudor starter mansion, a Lambo, a fit high maintenance bird, a 47" Azimut and a seat at Le Gavroche on speed dial from his gold and diamond encrusted Vertu...

This all despite the fact The City is now just about to enter its (this time it's for real) second round of layoffs...:D
Click to expand...

when you assume; you make an ass out of u and me :p:cool::p ha. just kidding.

so is it better to work for yourself? Im presuming the answer is yes; but why do great traders work for trading firms and not from home?
 
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