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Locked: Ask me about working as an Equity Day Trader

  • Last Updated:
  • Jun 22nd, 2012 10:18 pm
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Newbie
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Oct 5, 2011
49 posts
19 upvotes
CHARLESBOURG


Please fill in the question marks
dchsn6 wrote: this thread is about what requires to be a good day trader
To be a good trader you must require ?????
dchsn6 wrote: 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
The deals go OOS in the night.
Deal Guru
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Nov 21, 2009
12732 posts
1803 upvotes
that thread is hilarious
Sr. Member
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Feb 25, 2012
627 posts
179 upvotes
SCARBOROUGH
dchsn6 wrote: .... 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.

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