Re: Ask mrbaseball about trading for a living
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I also have a degree in FIN and an MBA in less than a year. I want to trade in Chicago, but am unsure what steps I need to take in order to get started. (No, I dont know someone). How should I go about looking for firms? Any advice for getting started would be huge. What should I expect getting started? What skills/background do I need in order to increase my chances. What should I expect to make starting out?
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What I did was contact most of the member firms at the CBOE, CBOT and CME. I sent letters, I talked to people and visited offices. Back in those days though you could just walk in. Now all the buildings require key cards and clearances.
I think the best skills are probably computer, math and analytical background coupled with common sense. Degrees are good because they show commitment along with the ability and willingness to learn. As far as starting money? No idea nowadays. Usually a base salary and percentage depending on exactly what you are doing. First percentage usually sucks until you are a proven earner and survivor. But I really have no idea what guys are getting these days to start.
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