|
|
#61
08-12-2005, 12:28 AM
|
|||
|
|||
Re: Most sngs played in a month???
[ QUOTE ]
Trading is the way to go... and much more similar to poker than I-Banking. Trust me, I'm in trading, work 8-6 PM, and my roommate and friends are in I-Banking, and may work something like 6 AM to midnight... [/ QUOTE ] If traders can make good money, why do they bother working for an institution? Is there some kind of access to markets you can't get independently? Do you need a billion dollar roll or something? eastbay 
|
|
#62
08-12-2005, 12:45 AM
|
|||
|
|||
|
Re: Most sngs played in a month???
I know a few investment bankers. The most successful one left the bank when he was about thirty. The ones who stayed with their firm made a nice 6 figure living. The one who left to start his own venture capital company made a nice 7 figure living.
|
|
#63
08-12-2005, 01:41 AM
|
|||
|
|||
|
Re: Most sngs played in a month???
Sure, then he can retire and do stuff he enjoys like:
Play poker. Travel. (go to aruba and play poker, go to paris and play poker, go to .....) Go fishing. (Here little fishy fishy fishy...get in this nice $5k step) Doc [img]/images/graemlins/cool.gif[/img]
|
|
#64
08-12-2005, 02:39 AM
|
|||
|
|||
|
Re: Most sngs played in a month???
[ QUOTE ]
[ QUOTE ] Trading is the way to go... and much more similar to poker than I-Banking. Trust me, I'm in trading, work 8-6 PM, and my roommate and friends are in I-Banking, and may work something like 6 AM to midnight... [/ QUOTE ] If traders can make good money, why do they bother working for an institution? Is there some kind of access to markets you can't get independently? Do you need a billion dollar roll or something? eastbay [/ QUOTE ] There's some great info on this in a book I'm reading, Trading For A Living. You'd have to read it to get the full idea of what the author means, but basically traders can win working for an institution because it isn't their money they trade with so they detach themselves emotionally. Once they start using their own $$, they start down the path of a "loser" and just can't help themselves - overextending themselves, putting too much into one trade, blaming the fact they have less resources now, etc. etc. etc. It is a common thing, though, that a trader can be very profitable for an institution, yet lose their own money.
|
|
#65
08-12-2005, 09:01 AM
|
|||
|
|||
|
Re: Most sngs played in a month???
Raptor,
You don't mean envy, you mean discrimination. And age discrimination is not the most foolish discrimination, people discriminating against me because of my small penis is. Sigma
|
|
#66
08-12-2005, 09:28 AM
|
|||
|
|||
|
Re: Most sngs played in a month???
[ QUOTE ]
[ QUOTE ] Trading is the way to go... and much more similar to poker than I-Banking. Trust me, I'm in trading, work 8-6 PM, and my roommate and friends are in I-Banking, and may work something like 6 AM to midnight... [/ QUOTE ] If traders can make good money, why do they bother working for an institution? Is there some kind of access to markets you can't get independently? Do you need a billion dollar roll or something? eastbay [/ QUOTE ] yes, you also need a ridiculous bankroll. I'm not sure traders want to put up the $100 mill or so the SEC mandates that they have based on their position. Also, lots of trading companies have proprietary software that may help in doing market research, trading techniques, etc. that a solo trader wouldn't have, unless he wanted to spend years developing this software himself.
|
|
#68
08-12-2005, 12:05 PM
|
|||
|
|||
|
Re: Most sngs played in a month???
[ QUOTE ]
There's some great info on this in a book I'm reading, Trading For A Living. [/ QUOTE ] Yeah, I've read it. I think it's not so applicable to systematic traders, though, which is the route I'd go if I were to get into it. It kind of seems like trading is still sort of in a dark age for many - there's all kinds of mystical crap, transparently pseudo-science and psychobabble surrounding it. eastbay
|
|
#70
08-12-2005, 12:13 PM
|
|||
|
|||
|
Re: Most sngs played in a month???
I don't think you should be criticizing anyone's profession.
As far as a career goes, poker has some serious limitations including: Lack of contact with people Repetitiveness Basically unhealthy (long periods of high stress, and sedentary) Failure to progress once you reach a certain level(probably true for most players) No retirement or health benefits vacation, Xmas parties, sleeping with the secretary, etc. The fact is that poker is very narrowing: Of the millions of hands you play a year, how many are memorable? Do you have a view on Musharraf's recent stand on banning foreigners from the Muslim schools? Are you addicted or do you enjoy it? Is poker going to help you achieve your potential as a human being: health, long term goals, family, intellectual curiosity? Or maybe all you want to do is flip cards. Obviously any career path is going to have its drawbacks, but poker in general, is pretty narrow, and probably not that high paying if you set your mind to something else with that much passion.
|
 |
|
|
Linear Mode
