Ask me about working as an Equity Day Trader

[dchsn6]

I have been trading equities for over 5 years. If your a newbie and have questions about as to how to go about being an Equity Day trader. Ask me here. I will try my best to answer your questions.

Just a headsup, as an Equity Day trader you will be working harder than anyone else in any other career. It is the only career which is the most lucrative as well as the most physically, psychologically and monetarily challenging.

[catmint]

Question: How did you get your 1st job? I am currently working in public accounting (recent grad) and I may consider switching to finance in the future. Does the company like people with accounting background or they lean more towards sales?

[dchsn6]

Daytraders come from various backgrounds. However, the underlying common theme among successful Traders is passion towards the markets, willingness to learn ever single day and understanding the fact that you can't be right all the time.
I am a self taught technical analyst, however nowadays firms do provide a paid training before they assign you firms money to trade with. Eg: the cost of training might be 2k or 3k and initial buying power cud range from 15k to 50k. Its worth a shot since any newbie if looking to trade will below his own 2k trading account without guidance anyway, therefore, if he can get training for that amount + firms capital to trade with after. Its a win-win situation for the noob. Keep in mind every trading firm is setup differently.

[shawn99]

I have been trading equities for over 5 years. If your a newbie and have questions about as to how to go about being an Equity Day trader. Ask me here. I will try my best to answer your questions.

Just a headsup, as an Equity Day trader you will be working harder than anyone else in any other career. It is the only career which is the most lucrative as well as the most physically, psychologically and monetarily challenging.

Very true. However if you love what you do, it really isn't seen as "hard work", it is simply something you are doing and having fun while you are doing it. People that get in to the business thinking they will make lot of money will have a reality shock when they try their hand at day trading. I love the type of people that quit their jobs to join one of these trading firms thinking they can make it a career. I think the process of learning can take couple of years at minimum. Obviously it depends on the individual, how fast they develop their mental discipline, psychology and attachment to money. You don't expect surgeons to perform surgery until their gone through rigorous schooling and clinical rotations.




Daytraders come from various backgrounds. However, the underlying common theme among successful Traders is passion towards the markets, willingness to learn ever single day and understanding the fact that you can't be right all the time.
I am a self taught technical analyst, however nowadays firms do provide a paid training before they assign you firms money to trade with. Eg: the cost of training might be 2k or 3k and initial buying power cud range from 15k to 50k. Its worth a shot since any newbie if looking to trade will below his own 2k trading account without guidance anyway, therefore, if he can get training for that amount + firms capital to trade with after. Its a win-win situation for the noob. Keep in mind every trading firm is setup differently.

Paid training is great but reality is if you are really motivated and have a passion for it, you can get the knowledge yourself via books, other traders etc. Also keep in mind, a big caveat is: the learning to trade business has lot of people trying to sell you things that don't work aka snake oil. I think the best way to learn is by getting a good mentor and shadowing them, gather stats, be a research maniac, come up with a strategy that has a positive expectancy, keep a journal, try out the strategy on a sim account, be disciplined at the craft etc. I think I have read close to 25 books on the subject matter, everything from technical analysis to money management to psychology of trading. I can offer which books and authors I highly recommend if anyone is interested.

[shawn99]

1. How you get started in the business?
2. Do you work for a prop firm?
3. What type of buying power are you given, what is your stop loss limit for the day?
4. What is your strategy, do you trade breakout stocks?
5. Does the firm ask you to put your own capital for trading? How much? What is the payout?

[dchsn6]

Very true. However if you love what you do, it really isn't seen as "hard work", it is simply something you are doing and having fun while you are doing it. People that get in to the business thinking they will make lot of money will have a reality shock when they try their hand at day trading. I love the type of people that quit their jobs to join one of these trading firms thinking they can make it a career. I think the process of learning can take couple of years at minimum. Obviously it depends on the individual, how fast they develop their mental discipline, psychology and attachment to money. You don't expect surgeons to perform surgery until their gone through rigorous schooling and clinical rotations.





Paid training is great but reality is if you are really motivated and have a passion for it, you can get the knowledge yourself via books, other traders etc. Also keep in mind, a big caveat is: the learning to trade business has lot of people trying to sell you things that don't work aka snake oil. I think the best way to learn is by getting a good mentor and shadowing them, gather stats, be a research maniac, come up with a strategy that has a positive expectancy, keep a journal, try out the strategy on a sim account, be disciplined at the craft etc. I think I have read close to 25 books on the subject matter, everything from technical analysis to money management to psychology of trading. I can offer which books and authors I highly recommend if anyone is interested.

Hi Shawn,
I agree with you on most part, except the part about training. Keep in mind, the best way to shorten a learning curve is by undergoing training. Training which other individuals have taken, now I am not saying you will become EXCELLENT at it right away. But it gives you an edge to start with more than just basics. After the training, it's upto the individual. For me personally as I mentioned, I like doing things by myself. I have almost most of the CSI courses which requires self-learning under my belt as well ( a bit off topic). But that is in my nature and personality. If I had known good mentors out there, would have I paid for training. The answer is yes. It comes down to whatever you have learned in the books is not practical at most times when your doing realtime trading. It just like any other career. There is only so much you can learn from books, at the end of the day if you don't get your hands dirty you won't know anything.

[supermetroid]

Any sites/books/resources you recommend reading for newbies?

[Syne]

Do you sometimes trade at night?

[projectmoonlightcafe]

I just have one question, why are you on RFD, don't you need to work your 100-hour weeks?

[OOSMONSTER]

Where can someone start off?

http://dvtrading.ca/dvtradingE3/careers/

http://tbe.taleo.net/NA6/ats/careers/searchResults.jsp?org=QUESTRADE&cws=1&rid=13

http://www.globustrader.com/financing.html

[Kohanz]

What has your average income been over you years as a trader? What has been your biggest drawdown?

[chevron]

Are you trading with your own money, clients' accounts or the firm's money?

Do you exclusively trade based on charts or do you also look for value or macro situations?

Do you ever write or trade options?

[dchsn6]

Do you sometimes trade at night?

no, I only trade NASDAQ and NYSE stocks during 9:30am-4:pm



Are you trading with your own money, clients' accounts or the firm's money?

Do you exclusively trade based on charts or do you also look for value or macro situations?

Do you ever write or trade options?

I trade my own money with leverage provided by my broker. I trade stocks only.

[dchsn6]

I just have one question, why are you on RFD, don't you need to work your 100-hour weeks?

I am a day trader. I trade and do my research between 8:00am-4:00pm EST. Looking to help out peeps out here and to remove the myths about the daytrading which some individuals might have.

[Kohanz]

Do you trade discretionary, automated or a mix of both?

[dchsn6]

Only discretionary

[JackLarkin]

Any sites/books/resources you recommend reading for newbies?

http://fxgears.com/books.php

Specifically, Trading in the Zone by Mark Douglas

[Kohanz]

What has your average income been over you years as a trader? What has been your biggest drawdown?

Not sure if you saw this.

I presume you're making money consistently since you've been doing this for 5 years. However it's instructive to know to what degree. I know a few daytraders who have had some amazing runs, but consistent, low-variance profitability is pretty elusive.

[drey2k]

There are a million different ways to make money trading, and the most simple way is equity trading.

I can think of many 'jobs' that require harder work than equity trading.

Unless you can actually tell us what you do EXACTLY to make money (which is basically impossible to show/describe over the internet) and about your monthly P/L you are not really providing that much value.

How did you get the balls to drop a full time job and trade for a living? Or were you never employed before?

[sirex]

I don't understand the point of this thread. So, you stay at home and day trade.... but the title is working as an Equity day trader, as if you are working for a coporation.

So what real questions can we even ask you then? How to day trade? What are your secrets? How do you value a company? when do you buy during the day, and when do you sell???

[dchsn6]

the above 3 questions are totally irrelevant to this thread. this thread is about what requires to be a good day trader, how to become one and how to start. Most of the info required I have already mentioned in this thread. If you any more personal questions that you want to know about daytrading PM me. It's not about how much I make, wat corporation i work for if any.

I never claimed this or that. If u daytrade equities, it's like u managing ur own biz , managing ur own portfolio. People stop whinning or asking about how much I make or what not.

For ppl who want my credentials. I have completed CFA level 1, have a derivatives market specialist designation and have completed Derivatives Fundamental Course (DFC), Options Licensing Course (OLC), Options Strategies Course (OSC), Financial Markets Risk Management Course (FMRS), Technical Analysis Course (TAC), Canadian Securities Course (CSC), Canadian Investment Funds Course (CIFC), Conduct and Practices Handbook (CPH), Professional Financial Planning Course (PFPC). Go figure which financial institution won't hire me. Being a day trader is by CHOICE not by CHANCE.

[at1212b]

Have you almost started crying due to a bad trade? (not trying to be cynical, just wondering about that panic, extreme regret and sinking feel type thing).

[dchsn6]

Have you almost started crying due to a bad trade? (not trying to be cynical, just wondering about that panic, extreme regret and sinking feel type thing).

i am fortunate to have started trading with a good understanding about risk management. Hence, I am still trading. Most traders with no guidance and poor risk management blowup within 6 months.

[JustMan]

How much capital do you think is a good start? And what brokerage or website do you recommend to do trading with? What knowledge do you think is most optimal to trade successful?

[Kohanz]

the above 3 questions are totally irrelevant to this thread. this thread is about what requires to be a good day trader, how to become one and how to start. Most of the info required I have already mentioned in this thread. If you any more personal questions that you want to know about daytrading PM me. It's not about how much I make, wat corporation i work for if any.

I never claimed this or that. If u daytrade equities, it's like u managing ur own biz , managing ur own portfolio. People stop whinning or asking about how much I make or what not.

For ppl who want my credentials. I have completed CFA level 1, have a derivatives market specialist designation and have completed Derivatives Fundamental Course (DFC), Options Licensing Course (OLC), Options Strategies Course (OSC), Financial Markets Risk Management Course (FMRS), Technical Analysis Course (TAC), Canadian Securities Course (CSC), Canadian Investment Funds Course (CIFC), Conduct and Practices Handbook (CPH), Professional Financial Planning Course (PFPC). Go figure which financial institution won't hire me. Being a day trader is by CHOICE not by CHANCE.

If you think that how much you make at a certain profession is irrelevant, especially in a thread in the careers section, then I can't imagine you have any wisdom to offer. What if you've been hemorrhaging money for the last 5 years? What if you've been scraping by? I know day-traders who make average wages (compared to 9-5ers) and those who make 6 figures. You could be terrible at what you do or quite good.

If you go on any trading-centered forum, any trader who tries to offer advice without a P/L record is laughed out of there.

EDIT: You don't have to be very specific, but saying nothing makes this thread a fairytale. What if I started a thread "ask me anything about running your own business", only to later reveal that my business has never had any significant revenue, let alone profit. Is my advice still as valuable as the next business owner's?

[renoldman]

Kohanz,

It is obvious that the OP did have a job at a financial institution but for some reason he left it.

Judging from his posts (and the courses mentioned), the OP likely worked a call centre job and took the courses mentioned to get a better position.

This did not work ..... at least not to the OP's expectations, so they decided to become a Day Trader.

They can say it was by choice, but in reality they chose the path because a brokerage did not take promote them to a better position.

Anyways .... let's not scare away someone who can provide information to us.

[dchsn6]

Kohanz,

It is obvious that the OP did have a job at a financial institution but for some reason he left it.

Judging from his posts (and the courses mentioned), the OP likely worked a call centre job and took the courses mentioned to get a better position.

This did not work ..... at least not to the OP's expectations, so they decided to become a Day Trader.

They can say it was by choice, but in reality they chose the path because a brokerage did not take promote them to a better position.

Anyways .... let's not scare away someone who can provide information to us.

lmao...good story....working for a brokerage lol...mad jokes..damn i think i shud get my CFA completed to get a higher position in a call centre job lmao...pure jokes there...

[pchi]

What is your buying power? How much capital did you begin with? What is your average daily gains? Do you hold no position overnight?

[sirex]

If you think that how much you make at a certain profession is irrelevant, especially in a thread in the careers section, then I can't imagine you have any wisdom to offer. What if you've been hemorrhaging money for the last 5 years? What if you've been scraping by? I know day-traders who make average wages (compared to 9-5ers) and those who make 6 figures. You could be terrible at what you do or quite good.

If you go on any trading-centered forum, any trader who tries to offer advice without a P/L record is laughed out of there.

EDIT: You don't have to be very specific, but saying nothing makes this thread a fairytale. What if I started a thread "ask me anything about running your own business", only to later reveal that my business has never had any significant revenue, let alone profit. Is my advice still as valuable as the next business owner's?


Lol KOhanz.

The OP is smoke and mirrors.

Really, I don't see what sort of value he is offering here... Infact I can answer all the day trading questions anyone needs:

1) You need to know and have a good understanding of technical analysis.

2) You need to have some cash capital. A good amount to start is $5,000.

3) If you want to day trade hard core, you need a good platform to trade from: up to the second quotes, good charting, etc.

The OP has not told us jack. Instead, what he has done is tell us that he does this for a living, but refuses to tell us how successul he truly is, and what are the methods to his madness.

This is akin to someone telling you he works in a great position at XYZ company, and is just bragging about.. But when you ask for real tips, like how to fix your resume and tailor it for a high paying position, he tells you "DONT ASK ME ABOUT THE DETAILS, just do it".

Taking the CSC or the CFA or any investing courses will not HELP YOU be a good day trader because THESE PROGRAMS DO NOT TEACH YOU HOW TO DAY TRADE.

CFA and CSC and all of these courses teach you how to do fundamental analysis. THE CSC doesn't even teach you that, it primarily teaches you how to calculate bond yeilds, margin calls, etc. The CSC is only geared to getting you employed at a brokerage to do MENIAL TASKS, NOT TO DAY TRADE.

The CFA on the other hand, as state is for FUNDAMENTAL analysis. No day trader in the world uses any of the math or metrics that you learn in the CFA - and if they do its very few and far between.

Anyway, great threaddddddddddddddddddddddddddd

[dchsn6]

All the relevant questions about how to start trading and all , has already been answered. Irrelevant questions will be ignored. With regards to profits. If a trader make $500 profit per day, it means nothing. It is relative to the trader's experience, buying power and risk management.
Individuals who are saying like they know everything about being a day trader. I am curious to know why they didn't start the thread and offer help to other individuals in this forum ( and in this thread they try to be know it all and wanna help out) and why they are not trading themselves, if they are so darn smart.

I am not saying I know it all, I know how to get in the game and how to go about being consistent in the game. The THIRD post in the forum is on point, which most newbies to trading need to know. PM me if u have any personal trading questions. Individuals who know about this trading game please help out the rest of the guys rather than go about criticizing individuals.

'Small people talk about other people, Great people talk about ideas'

P.s. Never take a business advice from anyone who has never run a business. Most businesses fail within 1 year, if somebody has survived. He is doing something right. Trading for yourself is like a business. All wannabes can give you great responses. But when it comes to walk the talk. They are more than likley dumbfounded.

[sirex]

All the relevant questions about how to start trading and all , has already been answered. Irrelevant questions will be ignored. With regards to profits. If a trader make $500 profit per day, it means nothing. It is relative to the trader's experience, buying power and risk management.
Individuals who are saying like they know everything about being a day trader. I am curious to know why they didn't start the thread and offer help to other individuals in this forum ( and in this thread they try to be know it all and wanna help out) and why they are not trading themselves, if they are so darn smart.

I am not saying I know it all, I know how to get in the game and how to go about being consistent in the game. The THIRD post in the forum is on point, which most newbies to trading need to know. PM me if u have any personal trading questions. Individuals who know about this trading game please help out the rest of the guys rather than go about criticizing individuals.

'Small people talk about other people, Great people talk about ideas'

P.s. Never take a business advice from anyone who has never run a business. Most businesses fail within 1 year, if somebody has survived. He is doing something right. Trading for yourself is like a business. All wannabes can give you great responses. But when it comes to walk the talk. They are more than likley dumbfounded.


Your responses are truly high-larious. Seriously.

On the one hand, ask me about working as an equity day trader; on the other, I cannot give you any information on how to actually day trade.

What questions is a newbie going to ask you? How to buy and sell a stock? I thought you were going to offer something special in this thread, you know, like how to make a career out of it?

So, how do you do it then?

What are the rules you trade by? What governs your buy and sell decisions? What are your risk management strategies? How do you read a graph? When do you buy in versus when do you sell?

These are all very important questions geared DIRECTLY to the profession you seemingly know so much about - YET don't seem like you want to answer it.. That's interesting.

So again, WHAT VALUE are you offering to any of us and to any of the newbies here? Because I just don't see it.

[adehbone]

I am wee bit bored so I will bite. I know 2-3 people who are day-trading and have done very well for themselves. I also know various people who worked at Swift and the like.

-Are you a scalper? If you are, how many trades a day do you focus on?
-Do you chase volatility or just look for solid scalps?
-How do you think HFT has affected the size of your margins/scalps over the last 5 years?
-How did you approach the day Lehman fell? How about the flash crash?
-What do you think of a place like Swift, that forces newbies to basically "scalp only" and forces very low "stop losses"? Do you agree with this method when teaching someone new?
-Do you think a daytrader is a golden handcuff, i.e. you can never move to bigger larger trades with fundies and more size? Would you recommend to a kid in school to start out doing it, even if they want to grow to being a longer-term trader and not scalping?

[dchsn6]

I am wee bit bored so I will bite. I know 2-3 people who are day-trading and have done very well for themselves. I also know various people who worked at Swift and the like.

-Are you a scalper? If you are, how many trades a day do you focus on?
-Do you chase volatility or just look for solid scalps?
-How do you think HFT has affected the size of your margins/scalps over the last 5 years?
-How did you approach the day Lehman fell? How about the flash crash?
-What do you think of a place like Swift, that forces newbies to basically "scalp only" and forces very low "stop losses"? Do you agree with this method when teaching someone new?
-Do you think a daytrader is a golden handcuff, i.e. you can never move to bigger larger trades with fundies and more size? Would you recommend to a kid in school to start out doing it, even if they want to grow to being a longer-term trader and not scalping?

I look for good reward-risk trades from 3:1 and up. There have been days when U haven't traded because I didn't find any good opportunity. HFT cud be good for u if u understand tape reading. Swift is a joke.

As a day trader you can get bigger, but once again depends on how much you wanna risk per trade. If stops are tight like 5cents u can easily trade 2000 shares risk $100 and get some big moves. Check out NAV stock on 5 min charts past couple of weeks if you do technical analysis, you can see what I mean.

If you trade 500-1000 shares and try to get .50 to $1 move per day maybe with one trade or two trades. You can do the math, how much you can achieve. If the trade is not in your playbook, let it go . If your in right stocks it will give you good atleast 2-3 risk-reward during the day.

[renoldman]

lmao...good story....working for a brokerage lol...mad jokes..damn i think i shud get my CFA completed to get a higher position in a call centre job lmao...pure jokes there...


Go figure which financial institution won't hire me. Being a day trader is by CHOICE not by CHANCE.

No one takes the courses you did for "fun".

It is obvious that you had some position in a financial institution and you felt you deserved something more or you were let go.

Seeing as how you have basically said that you could make $250 to $500 per day fairly easily I will guess that your employer did not like you trading while you worked or that it effected your chances for advancement.

[chevron]

What is your favorite book on trading?


I look for good reward-risk trades from 3:1 and up.

...

If your in right stocks it will give you good atleast 2-3 risk-reward during the day.

I understand how your margin determines the risk you're taking on, but how do you quantify potential reward before you get in to a stock?


i am fortunate to have started trading with a good understanding about risk management. Hence, I am still trading. Most traders with no guidance and poor risk management blowup within 6 months.

Are you saying you've never made any trades that turned very very bad for you?

[t_ginuwine]

How do you pick the stocks you are looking to trade?
What priced stocks do you trade? I.e. (1$-20$?)
Do you use some type of scanner?
Do you rely heaving on technical analysis, volume analysis?
Can you list top 3 patterns that work and is highly reliable and works often

[RastaManMax]

How much did you net on a rolling 3-yr?

[RastaManMax]

No one takes the courses you did for "fun".

It is obvious that you had some position in a financial institution and you felt you deserved something more or you were let go.

Seeing as how you have basically said that you could make $250 to $500 per day fairly easily I will guess that your employer did not like you trading while you worked or that it effected your chances for advancement.

I know other people that have taken CFA Level I for fun. After writing/passing/failing Level I, they quit because they quickly realize it's not so 'fun'. Not saying that that's your reason but people do enroll and write the first exam 'for fun.' I wrote all 3 for 'fun' because it's not even required at my job. Here i'll even facepalm myself :facepalm:.

[dchsn6]

What is your favorite book on trading?



I understand how your margin determines the risk you're taking on, but how do you quantify potential reward before you get in to a stock?



Are you saying you've never made any trades that turned very very bad for you?

If you have a trading plan, then you always know what your risking before you enter the trade. It'e like a biz, you don't start a biz if you don't know wat ur risking.When I am in a trade. I have my stoploss and profit targets set. If the trade goes my way, I move my stops to breakeven. If trade goes the opposite way, then I get stopped out., no questions asked. That's how you survive in this game, by accepting that you can''t be right at all times. But when your right make it point to stay in as long as possible till you see signs of reversal in stock.

[dchsn6]

I know other people that have taken CFA Level I for fun. After writing/passing/failing Level I, they quit because they quickly realize it's not so 'fun'. Not saying that that's your reason but people do enroll and write the first exam 'for fun.' I wrote all 3 for 'fun' because it's not even required at my job. Here i'll even facepalm myself :facepalm:.

true that...not everyone does something becos they hve to do it...they can do things because they like it... a really good example: as a kid if u like playing soccer ..u go and learn and join a soccer club...it does not mean that u want to go and join a MLS or La liga....it's becos u enjoy the game...

[Kohanz]

What is your Sharpe ratio?
What has been your max drawdown (in percentage terms)?

[OOSMONSTER]

Please fill in the question marks


this thread is about what requires to be a good day trader

To be a good trader you must require ?????


how to become one and how to start.

(Add more steps as needed, facts only please)

Step 1: Graduate high school
Step 2: ????
Step 3: Profit aka Good trader

Factual answers are much appreciated

[MeasureTheory]

lol @ "day trader." This guy is probably making $20K/year working in his underwear in his government assisted housing project.

Does anyone really believe that an individual trader today can compete with large firms and algorithmic traders? This isn't the 1990s when every Tom, ***** , and Harry became a day trader and made millions (but subsequently lost it.)

[sirex]

Please fill in the question marks



To be a good trader you must require ?????



(Add more steps as needed, facts only please)

Step 1: Graduate high school
Step 2: ????
Step 3: Profit aka Good trader

Factual answers are much appreciated

I just wished he answered my questions, rather than dance around them like a monkey.

[OOSMONSTER]

I just wished he answered my questions, rather than dance around them like a monkey.

This guy dose not dance.


http://www.youtube.com/watch?v=aC19fEqR5bA

[OOSMONSTER]

http://www.youtube.com/watch?v=9sdHTYS9Uic&feature=related

Please fill in the question marks


this thread is about what requires to be a good day trader

To be a good trader you must require ?????


how to become one and how to start.

(Add more steps as needed, facts only please)

Step 1: Graduate high school
Step 2: ????
Step 3: Profit aka Good trader

Factual answers are much appreciated

[vero95]

that thread is hilarious

[AntonyLingo]

.... For ppl who want my credentials. I have completed CFA level 1, have a derivatives market specialist designation and have completed Derivatives Fundamental Course (DFC), Options Licensing Course (OLC), Options Strategies Course (OSC), Financial Markets Risk Management Course (FMRS), Technical Analysis Course (TAC), Canadian Securities Course (CSC), Canadian Investment Funds Course (CIFC), Conduct and Practices Handbook (CPH), Professional Financial Planning Course (PFPC). Go figure which financial institution won't hire me.........

I agree with every other reply. This thread is a joke.

The OP claims he is an equity day trader and his credentials are listed above. The funny thing is that the CPH course he has (and again claims is part of day trading credentials) is really a rulebook for licensed IRs or RRs who work at IIROC sponsored firms. Its a do and do not book of rules to follows such as how to conduct yourself when dealing with clients. Its about regulations that one must follow when he works for the firm. Why would someone who doesn't work at or claims to have never have worked at an actual brokerage firm have this course? There is no need for anyone to have this course unless they work for an IIROC member firm.

Source: https://www.csi.ca/student/en_ca/courses/csi/cph.xhtml

Also, I would be interested in knowing how long ago the OP had completed all of the above courses. For those of you who do not know, if you take the courses listed above and haven't worked for an IIROC firm within 3 years of completing the courses, they lapse! That means they are worthless. So when it comes to "which financial institution won't hire me?" the answer is NONE OF THEM!! You have to rewrite them *ALL* if they were complete 3 or more years ago. Also, I highly doubt the OP had completed the above list within a 36 month time span. Thats means that the OP either still works at a firm and day trades part time or his courses are worth bunk.

I've been in this industry for many years and every time I come across someone who claims to be an equity trader or a bond trader, they either just watched Wall Street or read Liars Poker and have a hard on to impress people.

If the guy said he worked for a shity company like Swift Trade, I would have a better time accepting this thread. Sorry OP, your posts add no value and you have yet to answer many questions asked of you.

.