dnt think anyone here wants to b the biggest trader tbhwe're jus doin small things n dnt even claim to b of anything of the levels of the heads in the city
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
lmfaoThere's a lot of truth in what you're saying, but it's also not entirely accurate.
What's inaccurate about what I said?
Well assuming you were being sarcastic, a lot of the most successful traders I know don't have economics or maths degrees. Nor have they followed the traditional internship route (which is pretty much dead now anyway).A large proportion of them have branched into city work and hedge fund/asset management positions from either law degrees, english degrees, or other academic disciplines.Then you have the completely private traders. Those who are able to have live monitoring levels at home (which costs an absolute fortune), and monitor their portfolios from wherever they want. Although people like to think it's knowledge and maths equations and formulas which are used to make money by monitoring patterns & trends etc, it largely boils down to experience. Having an extensive knowledge of current events and how the financial climate works (basic economics), makes up more than people think to getting by as a trader.The general attitude of most is that the money "is not their responsibility" too. They are playing with clients money, so would take risks they might not otherwise take, or to the contrary, would bail out in order to "protect" what little equity they had left in a stock when it appeared to drop, just so they would be able to say to the client "you only lost x%, not 100%.It's not as simple as people think, but it's definitely not as complex as you made out...
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
ur such a minging d*ck. law degree didnt go well then? people learn about trading on websites like money expert etc. its not rocket science. why do guys toil going to cambridge and having 50 degrees and theres hundreds of books on how to make moneyand then a 20 year old sits at home and makes a website and makes millions of it. u always have NOOOOOOOOOOTHING TO OFFER BUT SLY DIGS AND USELESS MONANING COMMENTS TO TAKE THE SHINE OFF ANYTHING ANYONE WANTS TO DO. YOU WILL SIT THERE ON YOUR SAD ARSE CLAIMING YOU ARE GIVING PEOPLE A REALITY CHECK.. YET.. ITS CLEAR FROM YOUR ATTITUDE HERE THAT YOU ARE THE ONE WHO NEEDS A REALITY CHECK.YOU ARE THE EXACT EXAMPLE OF THE POOR DAD IN THAT BOOK WHO ONLY APPLIES ACADEMIC THINKING TO LIFE WHICH IS WHY YOU WILL MOST LIKELY BE AN EDUCATED POOR FOOL. WHAT HAVE YOU OFFERED TO THIS THREAD APART FROM STUPID COMMENTS ABOUT HOW COME EVERYONE ISNT DOING IT... THATS COS MOST PEOPLE THINK LIKE YOU...NOW f*ck OFF
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
lmfaoThere's a lot of truth in what you're saying, but it's also not entirely accurate.
What's inaccurate about what I said?
Some of us do have top class economics degrees and do (did) work for major banks. But thats not the point, nobody here is looking to day trade and setup complex bots & processes, the share dealings are just a alternative to placing your money in a ISA. i.e. just to make your money work harder for you.
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
lmfaoThere's a lot of truth in what you're saying, but it's also not entirely accurate.
What's inaccurate about what I said?
Well assuming you were being sarcastic, a lot of the most successful traders I know don't have economics or maths degrees. Nor have they followed the traditional internship route (which is pretty much dead now anyway).A large proportion of them have branched into city work and hedge fund/asset management positions from either law degrees, english degrees, or other academic disciplines.
Yes, you're right...but nowadays, I would imagine it's nigh on impossible to get into professional trading without a degree, such is the level of competition. My friend used to work for Liquid Capital and he said the older dudes (some of them) didn't even have degrees.
It's not as simple as people think, but it's definitely not as complex as you made out...
I'm not saying it is "complex". But the idea that guys with NO *real* experience can make hundreds/thousands per week from spending 20 mins reading the back pages of the FT is just a fallacy. I mean the DB said he only lost £8 ffs. Now unless he's a superstar trader (i.e. extremely fortunate), that just reeks of bullshit, or minimal investment...in which case it's air talking about it. Not to mention that everyone knows DB talks shite. The dots and crosses don't add up to this being anything more worthwhile than matched betting.
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
ur such a minging d*ck. law degree didnt go well then? people learn about trading on websites like money expert etc. its not rocket science. why do guys toil going to cambridge and having 50 degrees and theres hundreds of books on how to make moneyand then a 20 year old sits at home and makes a website and makes millions of it. u always have NOOOOOOOOOOTHING TO OFFER BUT SLY DIGS AND USELESS MONANING COMMENTS TO TAKE THE SHINE OFF ANYTHING ANYONE WANTS TO DO. YOU WILL SIT THERE ON YOUR SAD ARSE CLAIMING YOU ARE GIVING PEOPLE A REALITY CHECK.. YET.. ITS CLEAR FROM YOUR ATTITUDE HERE THAT YOU ARE THE ONE WHO NEEDS A REALITY CHECK.YOU ARE THE EXACT EXAMPLE OF THE POOR DAD IN THAT BOOK WHO ONLY APPLIES ACADEMIC THINKING TO LIFE WHICH IS WHY YOU WILL MOST LIKELY BE AN EDUCATED POOR FOOL. WHAT HAVE YOU OFFERED TO THIS THREAD APART FROM STUPID COMMENTS ABOUT HOW COME EVERYONE ISNT DOING IT... THATS COS MOST PEOPLE THINK LIKE YOU...NOW f*ck OFF
Noone on here is proclaiming this is easy or have made extortionate amounts of cash. This thread is just a starting point for analysis. Just because you have a interest in shares does not mean you want to be a trader.
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
ur such a minging d*ck. law degree didnt go well then? people learn about trading on websites like money expert etc. its not rocket science. why do guys toil going to cambridge and having 50 degrees and theres hundreds of books on how to make moneyand then a 20 year old sits at home and makes a website and makes millions of it. u always have NOOOOOOOOOOTHING TO OFFER BUT SLY DIGS AND USELESS MONANING COMMENTS TO TAKE THE SHINE OFF ANYTHING ANYONE WANTS TO DO. YOU WILL SIT THERE ON YOUR SAD ARSE CLAIMING YOU ARE GIVING PEOPLE A REALITY CHECK.. YET.. ITS CLEAR FROM YOUR ATTITUDE HERE THAT YOU ARE THE ONE WHO NEEDS A REALITY CHECK.YOU ARE THE EXACT EXAMPLE OF THE POOR DAD IN THAT BOOK WHO ONLY APPLIES ACADEMIC THINKING TO LIFE WHICH IS WHY YOU WILL MOST LIKELY BE AN EDUCATED POOR FOOL. WHAT HAVE YOU OFFERED TO THIS THREAD APART FROM STUPID COMMENTS ABOUT HOW COME EVERYONE ISNT DOING IT... THATS COS MOST PEOPLE THINK LIKE YOU...NOW f*ck OFF
LOL, feelings were caught.
yes in the future when young kids refuse to stand up for you on the bus and your oyster card doesnt work and the driver doesnt stop when u press the bell.. you will be the one catching feelings.p.s. im not even paying attention to anything DB has said here either cos hes just like the wind in 3 weeks hell post that hes given up and f*ck spread betting reh reh.. but for all your other comments.. ur minging so shut up
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
ur such a minging d*ck. law degree didnt go well then? people learn about trading on websites like money expert etc. its not rocket science. why do guys toil going to cambridge and having 50 degrees and theres hundreds of books on how to make moneyand then a 20 year old sits at home and makes a website and makes millions of it. u always have NOOOOOOOOOOTHING TO OFFER BUT SLY DIGS AND USELESS MONANING COMMENTS TO TAKE THE SHINE OFF ANYTHING ANYONE WANTS TO DO. YOU WILL SIT THERE ON YOUR SAD ARSE CLAIMING YOU ARE GIVING PEOPLE A REALITY CHECK.. YET.. ITS CLEAR FROM YOUR ATTITUDE HERE THAT YOU ARE THE ONE WHO NEEDS A REALITY CHECK.YOU ARE THE EXACT EXAMPLE OF THE POOR DAD IN THAT BOOK WHO ONLY APPLIES ACADEMIC THINKING TO LIFE WHICH IS WHY YOU WILL MOST LIKELY BE AN EDUCATED POOR FOOL. WHAT HAVE YOU OFFERED TO THIS THREAD APART FROM STUPID COMMENTS ABOUT HOW COME EVERYONE ISNT DOING IT... THATS COS MOST PEOPLE THINK LIKE YOU...NOW f*ck OFF
LOL, feelings were caught.
yes in the future when young kids refuse to stand up for you on the bus and your oyster card doesnt work and the driver doesnt stop when u press the bell.. you will be the one catching feelings.p.s. im not even paying attention to anything DB has said here either cos hes just like the wind in 3 weeks hell post that hes given up and f*ck spread betting reh reh.. but for all your other comments.. ur minging so shut up
Down boy. You've already killed yourself in this thread.
bruv, u asked 1 side of the story n ur moaningif u would have asked me hw much i made i woulda told u £46i do this like once a month like doom said this aint even the main squeeze we're jus tryna do this for a hobby
bruv, u asked 1 side of the story n ur moaningif u would have asked me hw much i made i woulda told u £46i do this like once a month like doom said this aint even the main squeeze we're jus tryna do this for a hobby
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
ur such a minging d*ck. law degree didnt go well then? people learn about trading on websites like money expert etc. its not rocket science. why do guys toil going to cambridge and having 50 degrees and theres hundreds of books on how to make moneyand then a 20 year old sits at home and makes a website and makes millions of it. u always have NOOOOOOOOOOTHING TO OFFER BUT SLY DIGS AND USELESS MONANING COMMENTS TO TAKE THE SHINE OFF ANYTHING ANYONE WANTS TO DO. YOU WILL SIT THERE ON YOUR SAD ARSE CLAIMING YOU ARE GIVING PEOPLE A REALITY CHECK.. YET.. ITS CLEAR FROM YOUR ATTITUDE HERE THAT YOU ARE THE ONE WHO NEEDS A REALITY CHECK.YOU ARE THE EXACT EXAMPLE OF THE POOR DAD IN THAT BOOK WHO ONLY APPLIES ACADEMIC THINKING TO LIFE WHICH IS WHY YOU WILL MOST LIKELY BE AN EDUCATED POOR FOOL. WHAT HAVE YOU OFFERED TO THIS THREAD APART FROM STUPID COMMENTS ABOUT HOW COME EVERYONE ISNT DOING IT... THATS COS MOST PEOPLE THINK LIKE YOU...NOW f*ck OFF
LOL, feelings were caught.
yes in the future when young kids refuse to stand up for you on the bus and your oyster card doesnt work and the driver doesnt stop when u press the bell.. you will be the one catching feelings.p.s. im not even paying attention to anything DB has said here either cos hes just like the wind in 3 weeks hell post that hes given up and f*ck spread betting reh reh.. but for all your other comments.. ur minging so shut up
Down boy. You've already killed yourself in this thread.
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
ur such a minging d*ck. law degree didnt go well then? people learn about trading on websites like money expert etc. its not rocket science. why do guys toil going to cambridge and having 50 degrees and theres hundreds of books on how to make moneyand then a 20 year old sits at home and makes a website and makes millions of it. u always have NOOOOOOOOOOTHING TO OFFER BUT SLY DIGS AND USELESS MONANING COMMENTS TO TAKE THE SHINE OFF ANYTHING ANYONE WANTS TO DO. YOU WILL SIT THERE ON YOUR SAD ARSE CLAIMING YOU ARE GIVING PEOPLE A REALITY CHECK.. YET.. ITS CLEAR FROM YOUR ATTITUDE HERE THAT YOU ARE THE ONE WHO NEEDS A REALITY CHECK.YOU ARE THE EXACT EXAMPLE OF THE POOR DAD IN THAT BOOK WHO ONLY APPLIES ACADEMIC THINKING TO LIFE WHICH IS WHY YOU WILL MOST LIKELY BE AN EDUCATED POOR FOOL. WHAT HAVE YOU OFFERED TO THIS THREAD APART FROM STUPID COMMENTS ABOUT HOW COME EVERYONE ISNT DOING IT... THATS COS MOST PEOPLE THINK LIKE YOU...NOW f*ck OFF
LOL, feelings were caught.
yes in the future when young kids refuse to stand up for you on the bus and your oyster card doesnt work and the driver doesnt stop when u press the bell.. you will be the one catching feelings.p.s. im not even paying attention to anything DB has said here either cos hes just like the wind in 3 weeks hell post that hes given up and f*ck spread betting reh reh.. but for all your other comments.. ur minging so shut up
Down boy. You've already killed yourself in this thread.
how is that killing myself? ur a minging c*nt and everyone knows this. you have probably never traded in your life. any broke ass breh with a degree and nothing else.
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
ur such a minging d*ck. law degree didnt go well then? people learn about trading on websites like money expert etc. its not rocket science. why do guys toil going to cambridge and having 50 degrees and theres hundreds of books on how to make moneyand then a 20 year old sits at home and makes a website and makes millions of it. u always have NOOOOOOOOOOTHING TO OFFER BUT SLY DIGS AND USELESS MONANING COMMENTS TO TAKE THE SHINE OFF ANYTHING ANYONE WANTS TO DO. YOU WILL SIT THERE ON YOUR SAD ARSE CLAIMING YOU ARE GIVING PEOPLE A REALITY CHECK.. YET.. ITS CLEAR FROM YOUR ATTITUDE HERE THAT YOU ARE THE ONE WHO NEEDS A REALITY CHECK.YOU ARE THE EXACT EXAMPLE OF THE POOR DAD IN THAT BOOK WHO ONLY APPLIES ACADEMIC THINKING TO LIFE WHICH IS WHY YOU WILL MOST LIKELY BE AN EDUCATED POOR FOOL. WHAT HAVE YOU OFFERED TO THIS THREAD APART FROM STUPID COMMENTS ABOUT HOW COME EVERYONE ISNT DOING IT... THATS COS MOST PEOPLE THINK LIKE YOU...NOW f*ck OFF
LOL, feelings were caught.
yes in the future when young kids refuse to stand up for you on the bus and your oyster card doesnt work and the driver doesnt stop when u press the bell.. you will be the one catching feelings.p.s. im not even paying attention to anything DB has said here either cos hes just like the wind in 3 weeks hell post that hes given up and f*ck spread betting reh reh.. but for all your other comments.. ur minging so shut up
Down boy. You've already killed yourself in this thread.
how is that killing myself? ur a minging c*nt and everyone knows this. you have probably never traded in your life. any broke ass breh with a degree and nothing else.
Given his posts in this thread i would have to agree, he certainly is a cynic. Where did he graduate from?
oh i fort that was bladerunner that was sayin ill b comin bk in 3 weeks sayin its sh*tdidnt realise it was venom on one of his PMS rants, i read the quote wrongapologies
Why do guys toil for years gaining top class mathematical/economics degrees, applying to major banks, being rejected, re-applying elsewhere just to become traders (which is probably the most stressful job in the City), spending a year learning how to use complex mathematical programs etc, when they can just read a few PDFs and live price websites?Doesn't make sense to me.
ur such a minging d*ck. law degree didnt go well then? people learn about trading on websites like money expert etc. its not rocket science. why do guys toil going to cambridge and having 50 degrees and theres hundreds of books on how to make moneyand then a 20 year old sits at home and makes a website and makes millions of it. u always have NOOOOOOOOOOTHING TO OFFER BUT SLY DIGS AND USELESS MONANING COMMENTS TO TAKE THE SHINE OFF ANYTHING ANYONE WANTS TO DO. YOU WILL SIT THERE ON YOUR SAD ARSE CLAIMING YOU ARE GIVING PEOPLE A REALITY CHECK.. YET.. ITS CLEAR FROM YOUR ATTITUDE HERE THAT YOU ARE THE ONE WHO NEEDS A REALITY CHECK.YOU ARE THE EXACT EXAMPLE OF THE POOR DAD IN THAT BOOK WHO ONLY APPLIES ACADEMIC THINKING TO LIFE WHICH IS WHY YOU WILL MOST LIKELY BE AN EDUCATED POOR FOOL. WHAT HAVE YOU OFFERED TO THIS THREAD APART FROM STUPID COMMENTS ABOUT HOW COME EVERYONE ISNT DOING IT... THATS COS MOST PEOPLE THINK LIKE YOU...NOW f*ck OFF
LOL, feelings were caught.
yes in the future when young kids refuse to stand up for you on the bus and your oyster card doesnt work and the driver doesnt stop when u press the bell.. you will be the one catching feelings.p.s. im not even paying attention to anything DB has said here either cos hes just like the wind in 3 weeks hell post that hes given up and f*ck spread betting reh reh.. but for all your other comments.. ur minging so shut up
Down boy. You've already killed yourself in this thread.
how is that killing myself? ur a minging c*nt and everyone knows this. you have probably never traded in your life. any broke ass breh with a degree and nothing else.
Given his posts in this thread i would have to agree, he certainly is a cynic. Where did he graduate from?
law.. not sure where. but now hes a boxer and a budding mc and semi road man
lol @ how dis thread has turned outa few dropping knowledge but da gas is alot in here & some of dem have da cheek to say i'm lost with their 'know it all attitude' but they broke, boxing in some sh*t place, renting sh*t drums, f*ck*ng batty & ain't really amounted to sh*t in trading to tell me sh*tall i said is i want to get into this ting ffsdon't know why certain guys wanna jump down my throat like what i do with my life makes any difference to their lifef*ck right off u cunts
I was just thinking to myself yesterday, how does one get involved in investing into new businesses?Like for example when 50 dropped XX amount on the Vitamin water and it got brought and his money went to XXXXObviously that scenario does not happen all the time, but investing in a good business that shows profit and letting it grow over time..?
I was just thinking to myself yesterday, how does one get involved in investing into new businesses?Like for example when 50 dropped XX amount on the Vitamin water and it got brought and his money went to XXXXObviously that scenario does not happen all the time, but investing in a good business that shows profit and letting it grow over time..?
How does one get involved?: By buying shares in businesses whose price may rise.How do you know when prices rise? Well you don't, hence why it's risky. But you can learn how the markets work (which is experience, although you can obviously never *know* 100%). It's basically betting. OR you can find out information in advance i.e. insider trading. That is of course illegal, and obviously any Tom, d*ck or Harry cannot get this information.50 Cent actually worked with a company on a drink as opposed to directly buying shares (or so I'm told), and I'm guessing that it was just his good fortune that meant Coca-Cola bought the company. Of course, he could too, have been privy to insider information.
I was just thinking to myself yesterday, how does one get involved in investing into new businesses?Like for example when 50 dropped XX amount on the Vitamin water and it got brought and his money went to XXXXObviously that scenario does not happen all the time, but investing in a good business that shows profit and letting it grow over time..?
How does one get involved?: By buying shares in businesses whose price may rise.How do you know when prices rise? Well you don't, hence why it's risky. But you can learn how the markets work (which is experience, although you can obviously never *know* 100%). It's basically betting. OR you can find out information in advance i.e. insider trading. That is of course illegal, and obviously any Tom, d*ck or Harry cannot get this information.50 Cent actually worked with a company on a drink as opposed to directly buying shares (or so I'm told), and I'm guessing that it was just his good fortune that meant Coca-Cola bought the company. Of course, he could too, have been privy to insider information.
So where do I go to get started? Is there a website?Couldn't I say, look at the profit of a company in say 2006 in which they made 10k profit and then in 2007 they made 13k profit and base my decision on that cutting down the risk?
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Doom
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bladerunner
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bladerunner
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Doom
Noone on here is proclaiming this is easy or have made extortionate amounts of cash. This thread is just a starting point for analysis. Just because you have a interest in shares does not mean you want to be a trader.
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VENOM
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Guest LucaPiano
the way his post slowly went into captials.. the anger was al lot JOKERS
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bladerunner
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Guest Big Daddy Dave
bruv, u asked 1 side of the story n ur moaningif u would have asked me hw much i made i woulda told u £46i do this like once a month like doom said this aint even the main squeeze we're jus tryna do this for a hobby
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bladerunner
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loooll how is going to talk to u like a dog.nar mate, that would bea shank ting
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VENOM
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oh i fort that was bladerunner that was sayin ill b comin bk in 3 weeks sayin its sh*tdidnt realise it was venom on one of his PMS rants, i read the quote wrongapologies
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VENOM
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VENI VIDI VICI
lol @ how dis thread has turned outa few dropping knowledge but da gas is alot in here & some of dem have da cheek to say i'm lost with their 'know it all attitude' but they broke, boxing in some sh*t place, renting sh*t drums, f*ck*ng batty & ain't really amounted to sh*t in trading to tell me sh*tall i said is i want to get into this ting ffsdon't know why certain guys wanna jump down my throat like what i do with my life makes any difference to their lifef*ck right off u cunts
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Doom
MS: Wholesale Bankshttp://www.sendspace.com/file/urkpxi
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StreetDreams
I was just thinking to myself yesterday, how does one get involved in investing into new businesses?Like for example when 50 dropped XX amount on the Vitamin water and it got brought and his money went to XXXXObviously that scenario does not happen all the time, but investing in a good business that shows profit and letting it grow over time..?
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bladerunner
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