I really want to become a Trader

I don't want a job even if I could get one I want to trade at home 3 weeks in the month and survive/live well.

ffs sorry dynamic IP's for communal wifi. I am OP

ive been using the cryptohopper bot for ages and it makes me about $300/mo avg when the market is really sideways.
only trade into USDT pairs tho, lose too much trading inside BTC or ETH pairs with it

>The phd seems a bit superfluous

Most people competing for such jobs have a phd in very math-heavy fields, where a phd is a quite common degree to start with. Feel free to try landing a job in quant trading without having at! least! similar academic merits.

>it seems like you don't know a lot about academia.
Enough to know what such a job requires.
Enough to know, that your "working for myself every night" is not something other people will recognize, as long as you dont get a certificate for it.

Attached: welllookatthat.jpg (769x595, 63K)

how the fuck is this hard?

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Which subscription are you using?

Are you so dumb to haven't yet realized that he doesn't want a fucking job working for someone else? He mentioned that 3 times already

Is there someone sucessful I can follow who makes good trades and posts them online so I can just do the same as them?

just the basic subscription.
its only trading 3 currencies

what youre talking about is signals groups and usually the best ones you pay big money to get access to their trade plans.
also be aware that there are tons of signal groups that are straight up pnd scam groups just waiting to JUST you
>its a predatory market fyi

Then he basically cannot do quant trading, as he cannot even afford the most basic equipment to do it.

"Trading" is a dream for retarded "get rich quick"-idiots, nothing more, nothing less. Open up a company, if you want to work for yourself, but this whole "trading"-issue is a dead end for anyone starting it alone nowadays.

If you're actually any good at trading there's no point not doing professionally genius.

Me daytrade for living
Don't make amazing money but it's not terribly

The only way for get better is keep trading and nevery give up and don't beat yourself up

Me other advice am learn how for not lose money with heavy risk management
You gotta not be scared of losing but at same time you cant take many losses because it messes with your mind

Kek most people seriously about trading know it's no get rich quick scheme and are ready for an insane grind

yea this guy has good advice even tho hes broken english

the main thing to stay completely away from is margin trading
especially to newcomers getting into trading, it can rekt your entire financial life if you do it wrong
then u have to start back at $0 but most of the time you go negative (majorly)

also this. what ive learned in my 3 years experience is that the trading lifestyle is a SLOW lifestyle
nothing fucking happens fast for the most part
if you arent in it for the long haul then u might as well get out now

>ready for an insane grind
If "ending up broke because of overleveraging and missmanaging risk" is an "insane grind", then you are correct.

Many people are in over their head to burn out pursuing a dream of being a "trader", while engaging in the full experience of "insane grinding" just after watching "wolf of wallstreet"

In the end, this leads to non-marketable skills, depression and bankruptcy.

OP just some advice

The market is moved by guys with a lot of money who want to take yours. If you are in their circles and have inside info then it's easy to make millions. If not, you're competing against them at a big disadvantage. They'll manipulate TA indicators to make you believe it's gonna go in one direction and suddenly move it hard in the opposite direction.

So I don't see studying advanced maths as the most profitable learning strategy, you'll just fill your head with a bunch of stuff that isn't really relevant to predict where the price is gonna go.

That being said every now and then you can find high probability trades for various reasons, so with good risk management you can profit that way. To identify such trades I would say what you need most is practice. It's ok to study the theory for how you can become say a great tennis player, but to become a great player what you mostly need is practice, through practice you can learn to see what books can't make you see. Trading is a bit of a sport and an art in that way.

I don't advise having trading as your sole source of income. If in a month you don't reach your targets you may be tempted to take riskier trades, and if you lose you can quickly get into a vicious circle. It's really important to have another source of income for the peace of mind.

What you can do also is find the few coins out there with solid fundamentals and invest in them, there's a high chance they will be worth much more in the future.

I'm in the same boat, OP.
I was convinced that I was incapable of "enjoying things" anymore. nothing I studied in college or read about online legitimately interested me, making music was starting to feel monotonous... but I fell in love with trading within a week of starting. it was like a light switch just flicked on or something.

Anyways, I'm just trying to get as good as possible while finishing my finance degree. not really sure what kind of professional options there'll be, but I can't imagine doing anything else at this point - at least long-term. probably gonna try to get a basic fin-related job and invest on the side for now

Trading is impossible on U.S. markets by design. It used to be possible, but the SEC/Government basically rigged the whole game against the average retail trader after too many people got rich in the dotcom boom and then especially after the global financial crisis. There is so much bullshit involved with U.S. markets now it's almost unbelievable.

There's a reason why almost every meaningful prop firm disintegrated or transitioned heavily into "trader education." There's a reason you don't hear much from those "market wizards" these days. There's a reason the most outstanding performance you find from retail traders is happening on shit like the ASX.

Markets are not as directional or clean as they used to be. You will try 10 runs at setups that used to only require one or two and you'll lose $.05c on each, and when you finally get follow through on a move it'll run like $.15c before janking back up. You have way too much volume being done in dark pools and off exchange functionally creating 2 prices for everything on U.S. markets, the one you see as a retail trader, and the one everyone else sees.

You have short sale restrictions basically bombing out short selling order flow and making that way less profitable than it used to be. You have bots gunning for half cents of profit on tenth of cents of risk which bombs order flow as well. And there's so much more. It's an utter clusterfuck.

I know of literally no successful trader currently who has a verifiable track record longer than 2 years who currently makes the majority of their money through trading (not through books, education, fees, alerts, etc.), trades U.S. markets regularly, and trades their own money or even a prop firm's money. You hear the whole "95% of traders never succeed!" Where do you hear anything else like that? 95% of people who attend med school don't graduate? 95% of people who go to the gym don't end up getting in shape? 95% of people who become pilots crash their planes?

only like 2% of traders are this pathetic
almost everyone who gets into tradering reads a few books and paper trades a bit

alot of material focuses on risk management and teacher degenerate gamblers how not to lose all their money in 2 months

your views on traders are from the 1950s dude
its much easier than you think to not go completely bankrupt now adays

quite an informative post. thanks user

poor Awoo girl :(

How many trades have you done OP?

Need to fire at least 1,000 trades to get anything statistically significant.

I will say this and most will disagree, if you see this as a mini game and a grinf you are ok with then continue doing it. It's called being a scalper and if you have 3 years of beating the market or if you can make gains during a down year then start contacting trading firms.

This. Darkpools and OTC create a dual market that anyone reading Jow Forums will never have access to. Already starting on crypto too and would not be surprised if whales don't have private darkpools going. And as for education - if you have system that actually makes bank you use it, not sell it.

Sure thing. It's unfortunate, but there is so much bullshit out there and there is almost certainly a day of reckoning being cooked up in the regions of the "unknown unknowns" because of all the fuckery. There always is. Technology put the average guy on the street on way too equal of footing with people who formerly were the Gods of the market. You didn't need to be on a floor anymore, commissions plummeted, buying power was enormous, news disseminated faster than ever before, and therefore you didn't need to get permission from the Gods to trade and you were potentially an outright threat. So they and their dickhead friends simply rewrote the rules of the game. You can't do that shit with markets indefinitely and those fuckers of all people should know "there are no free lunches."

Hey OP. The markets are going to eat you alive if you don't have proper strategies in play. You need a set of simple rules to follow to be a successful trader.

I'm putting together a mini course that may benefit you and anyone else that's looking to get into trading or adding to your knowledge.

I can promise you it's very simple if you follow my trading rules. I've called close to 400% profits in the last 2 weeks with only 10% in losses.

Send me an email if your interested in learning more

[email protected]

Last time I posted I gave a bonus signal to the people that emailed me. It was a signal that made 20% in just 2 days.

Why not just trade the BTC pair and get the much larger spread? The USDT pair is guaranteed to bart from time to time wrecking a market making strategy.

>I really want to become a Trader
>How do I become a trader?
>I really, really want to make this my profession.
No. You really, really, really don't want to become a trader. Let me save you years of your life—
Say NO to glorified gambling. Go focus on something more stable and more in your control.

Not remotely true.

interesting

Fuck you RKG. Even if you are a degenerate tranny who will never be a real girl, at least you are our faggot tranny who will never be a girl

>Many people are in over their head to burn out pursuing a dream of being a "trader", while engaging in the full experience of "insane grinding" just after watching "wolf of wallstreet"

True, this.
Pretty much the only one in this thread who has an understanding of what's going on.

There is one point however which you got wrong - the lack of opportunity as an individual quant trader.
Allow me explain myself: while true that trying to make money by trading AAPL & co is throwing money away, the infrastructure barrier only applies to markets where liquidity justifies the infrastructure investment. No serios algo firm will hunt markets where they can't make at least 7 figures a year from it, so there is where you need to look as an individual.
I'm not going to get into the specifics as I'm not going to overcrowd my own spots (already said too much, some of you guys are alright), but there are illiquid markets where "classical" algo strats which are arbed at high liquidity are still very profitable (so it basically means you don't even need to find the alpha yourself, even as a dumb brainlet knows programming and knows basic stats and reads 2-3 books can make money there).

Anyway, source: HF PM which runs his own algos at home as well, on non-traditional markets which don't fall under conflict of interest ofc.

How much do you have invested?

OP

you are a trader

congratulations

what do hedgefunds do to make money these days. is it just making the safest trades?
are hedgefunds a dead deal too?

>heavy risk management
this is number one imo.

>That being said every now and then you can find high probability trades for various reasons, so with good risk management you can profit that way.
risk management really is key

>The market is moved by guys with a lot of money who want to take yours. If you are in their circles and have inside info then it's easy to make millions. If not, you're competing against them at a big disadvantage. They'll manipulate TA indicators to make you believe it's gonna go in one direction and suddenly move it hard in the opposite direction.
all of this is very true. each coin has a unique "personality" by the people manipulating it. After watching for months you can feel the tricks they are going to do. You want to be like a shark that picks off the fish that leave the school while the whales are pushing them to the surface without getting eaten yourself.

>Need to fire at least 1,000 trades to get anything statistically significant. I will say this and most will disagree,
agree. I made like 8000 trades in winter 2017 and remember people on biz that had like 10 trades total and im like wtf. I scalp too tho and that might not work for OP.

OP what is your trading strategy, timeframe? like scalp, swing, hold, invest? If you want to make 2500 a month you should probably have an account balance 30-100x that (or use leverage responsibly) that so you can make 1% while risking little. You will actually need a high balance if you want to trade real stocks so I'd stick with crypto. Its unregulated as fuck but rules are dumb and only serve the banks.

Any further advice would depend on what style of trading your comfortable with that has brought you 45% in 8 months.

I'm teaching myself to day trade using order flow right now (index futures), but it's conceptually heavy stuff and a lot different from regular TA that I'm used to

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Become a traitor instead

sure but how do you decide what coins to buy? i bought the lto dip and then it crashed so i sold at 112600. lost 400 bucks in 1 trade.
i made some money now and then but its fully based on coins that get shilled and then waiting for a dip and selling at 10%+

Collude with Russia

Oh wait trader...well probably go to school for it so you can get a job leveraging other people's money rather than your small stack