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#191
10-16-2006, 06:29 PM
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Re: Say goodbye to the dream
[ QUOTE ]
anywhere to read online to learn more about a career in trading or i-banking? [/ QUOTE ] www.fool.com Nice message boards there. 
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#192
10-16-2006, 06:31 PM
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Re: Say goodbye to the dream
Good luck Jason.
Being 21 (22?) and free finanically to explore a challenging career is a great opportunity. You will be working alongside a lot of people who feel they need the job, that you want the job will give you a huge edge for as long as you actually still want the job. And if you decide you hate it, you can leave. And if you are there long term, you won't be one of the many who hate their job.
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#193
10-16-2006, 06:39 PM
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Re: Say goodbye to the dream
[ QUOTE ]
honestly, this thread makes me a little sick, and i realize why i never want a job like this. [/ QUOTE ] Yves, I agree. It makes me think I never want to work this many hours. It also makes me angry at how online poker is ending slowly, and how I'll never even make a half million from it, barely 6 figures is likely if I'm lucky. I always missed my big break, and it looks like I'll never have a chance to get it with the abrupt ending of the industry. I'm not happy about this, because I feel like I'm limiting my options for career choices, and I will certainly have to get a "real" job in three years. I guess I hope that some miracle job falls into my lap, where they see my skills as a leader/ decision maker and natural aptitude to learn as a positive, and somehow overlook my academic laziness that I've certainly had since senior year of high school. I really need to see someone about what the [censored] to do with my life, and in many ways I'm glad this thread came about so that I can actually think about it. There is a lot of money to be made in this world; I need to find a way to do make it and be happy at the same time. I'm in a similar boat as Ansky here I think, except he's probably made a lot more than I have in poker.
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#194
10-16-2006, 06:56 PM
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Re: Say goodbye to the dream
[ QUOTE ]
diablo, others, people who don't understand the pyramid nature of such jobs should read the relevent chapter of Freakanomics, and digest it for a bit. it's pretty obvious that certain types of industries (law and trading are two of the most perfect fits) follow the same model as the drug-gangs. citanul [/ QUOTE ] Sounds similar. Except the employees on the low-end of the totem pole are making just under $100k/yr with high stress instead of $10k/yr with a high chance of death.
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#195
10-16-2006, 06:56 PM
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Re: Say goodbye to the dream
Background: I am in the finance world.. I have my CPA, CFA and FRM. I currently manage a valuation/risk group at one of the world's largest hedge funds.
The opportunity you have to get through a trading program or be in in any capacity on a desk is absolutely priceless. Someone with mental sharpness as that of a good poker player, good trading skills and good social skills will create themselves an opportunity down the road within money management. These initial years are not about money, they are about learning the business, the products and the markets. The key to this is that your end goal is when you are given a capital pool to trade in a particular asset class that you will take home x % of. Getting a 50mm or 100mm account once you've shown your skills and worked your way up is relatively common for the skilled traders out there and taking home 30% of profits equates to a multi-million dollar comp - not to mention you essentially work for yourself (don't get me wrong.. tons fail or are subjects of running good for a while before imploding). I am rambling, but the key point I am trying to make is - it is VERY hard to get these types of opportunities to go down this path and those of us who get in to the finance world on other paths have it extremely difficult to get on a course that could end up in a trading environment where you are running your own money. I cannot complain about my career... but do I enjoy it as much as if I were running my own money and making decisions which effect my profits and losses daily? Absolutely not. Taking the opportunity to go down this road is 100% your best move. You may never have a chance again. If the investment pays off (and you will have to give it years), you will enjoy what you enjoy about poker in anything you trade whether it be FX, commodities, equities, fixed income or 3rd world derivatives. It's just the economics behind them that will make your head spin! :-) Best of luck. -trplthrt
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#196
10-16-2006, 06:57 PM
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Re: Say goodbye to the dream
You guys are all missing the obvious millions to be made by investing in El D's high-tech startups. What's with this trading/hedge fund BS?
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#198
10-16-2006, 07:02 PM
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Re: Say goodbye to the dream
[ QUOTE ]
u know online poker isnt actually 'dying' right? [/ QUOTE ] i dont know why, but i found this very comforting... anyone with a contradictory opinion, just let me have this for now...
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#199
10-16-2006, 07:03 PM
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Re: Say goodbye to the dream
[ QUOTE ]
[ QUOTE ] u know online poker isnt actually 'dying' right? [/ QUOTE ] i dont know why, but i found this very comforting... anyone with a contradictory opinion, just let me have this for now... [/ QUOTE ] How many gamblers do you know that say they're going to quit if they lose on more time and end up playing again?
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#200
10-16-2006, 07:05 PM
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Re: Say goodbye to the dream
[ QUOTE ]
u know online poker isnt actually 'dying' right? [/ QUOTE ] Yes, but the profitability of it has taken a huge decrease, evident by mostly regulars at 2/4-5/10 games on Stars/ Full Tilt for most of the day. I can't imagine the higher games are any better. Gone are the days of taking shots at 5/10 and 10/20 just to follow tables that are full of fish. I guess I just miss Party Poker.
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