Trading From Home To A Prop Firm?

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Old Jun 4, 2011, 11:44pm   #1
 
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Trading From Home To A Prop Firm?

Hi,

I am wondering if anyone has traded for themselves and kept there journals and record statement of wins and losses and managed to convince a firm to accept you? Do you require to be in banking or finance or be a graduate to get into these firms?
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Old Jun 5, 2011, 12:42am   #2
 
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Re: Trading From Home To A Prop Firm?

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Originally Posted by Pipsaholic View Post
Hi,

I am wondering if anyone has traded for themselves and kept there journals and record statement of wins and losses and managed to convince a firm to accept you? Do you require to be in banking or finance or be a graduate to get into these firms?

yes
yes
yes
no - (if you gotta likeable personality, a great ATTITUDE, your prepared to work hard & believe anything is possible - you wont need to "convince " any firm to accept you -
working for a firm isnt the end game - learning the art/skill is - !!


whether your in banking, finance and/or a graduate, is irrelevant to trading - the best traders in the world - both living or deceased, have all been either college drop outs, didnt have a CSE in Ford Escorts between them, finished college, but in a subject COMPLETELY unrelated to finance - (arts, philosophy), manual labourers, meat packers from (Tom Baldwin) taxi drivers - (Bruce Kovner), the list goes on -
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Old Jun 5, 2011, 3:22pm   #3
 
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Re: Trading From Home To A Prop Firm?

Pipsaholic started this thread That's good to know, but I read on another thread that unless your a freshie graduate out of a top uni and have at least an 4 year honors at a well respected uni and in your early 20's wave goodbye for the chance to work for a firm.
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Old Jun 5, 2011, 8:28pm   #4
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Re: Trading From Home To A Prop Firm?

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Originally Posted by theroguetrader View Post
yes
yes
yes
no - (if you gotta likeable personality, a great ATTITUDE, your prepared to work hard & believe anything is possible - you wont need to "convince " any firm to accept you -
working for a firm isnt the end game - learning the art/skill is - !!


whether your in banking, finance and/or a graduate, is irrelevant to trading - the best traders in the world - both living or deceased, have all been either college drop outs, didnt have a CSE in Ford Escorts between them, finished college, but in a subject COMPLETELY unrelated to finance - (arts, philosophy), manual labourers, meat packers from (Tom Baldwin) taxi drivers - (Bruce Kovner), the list goes on -
I disagree, the vast majority of successful traders are highly educated, it's chicken and egg; the majority who are chosen to train in a firm get the opportunity due to their very good qualifications..They then tend to have at their disposal the finest (non advertising) mentors..
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Old Jun 6, 2011, 3:03pm   #5
 
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Re: Trading From Home To A Prop Firm?

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I disagree, the vast majority of successful traders are highly educated, it's chicken and egg; the majority who are chosen to train in a firm get the opportunity due to their very good qualifications..They then tend to have at their disposal the finest (non advertising) mentors..

" the vast majority of successful traders are highly educated " -


" highly educated " people rarely make the " BEST " traders !! - FACT !! - go do a survey round the CME/IPE (RIP) - ex floor traders if ya dont believe me !!

" firms " take " grads " on because it makes them look good - !! - the " finest mentors " - dont mentor - they trade !!
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Old Jun 6, 2011, 3:09pm   #6
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Re: Trading From Home To A Prop Firm?

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" the vast majority of successful traders are highly educated " -


" highly educated " people rarely make the " BEST " traders !! - FACT !! - go do a survey round the CME/IPE (RIP) - ex floor traders if ya dont believe me !!

" firms " take " grads " on because it makes them look good - !! - the " finest mentors " - dont mentor - they trade !!
Not a question of your beliefs, it's fact. Your logic is twisted.
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Old Jun 6, 2011, 3:42pm   #7
 
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Re: Trading From Home To A Prop Firm?

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Not a question of your beliefs, it's fact. Your logic is twisted.

whats " FACT "..?? - that the most highly profitable traders are " highly educated " ..?


u sure about that ??
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Old Jun 6, 2011, 3:57pm   #8
 
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Re: Trading From Home To A Prop Firm?

Quote:
Originally Posted by Black Swan View Post
I disagree, the vast majority of successful traders are highly educated, it's chicken and egg; the majority who are chosen to train in a firm get the opportunity due to their very good qualifications..They then tend to have at their disposal the finest (non advertising) mentors..

" chosen to trade at a firm " - and learning how to trade & " CONSISTENTLY MAKE ££ " - are two different things -

the fact someone has " very good qualifications " - has NO relationship to the above - AT ALL !!

Banks/firms are public companies - they HAVE TO BE SEEN taking on " highly qualified " people - the shareholders wouldnt accept otherwise !! - thats all !!
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