Quote:
Originally Posted by Unregistered
its a common urban legend that you can use your own money to play the stock market and use this to impress an employer. in real life it will never happen because any trader worth his stock will know that performance measurement and tracking is not so simple just do a print screen of your e-trade brokerage acc showing gains and loses amount. also professional trading is a completely different game with advantages and disadvantages compared to personal punting. most of what works for small amounts of punting for personal pleasure doesnt work in a professional setting.
|
Okay, I was wrong in confusing financial trading with bunker trading. But I assure you showing a track record of profitable trading to get a job at specific firms is NOT an urban legend. In case I didn't emphasize enough, you'll need to have a very specific track record which a) has a large enough assets b) has consistent success. Which is why I mentioned an example of $500k with a 7% return. Okay, I'll add an additional requirement of 7% over three years.
What does this show? You convince people to trust you with a large sum of money. And you actually turned an plan into a actionable idea in the market by actually investing.
We're NOT talking about some guy blowing up his $500 account five times. We're NOT talking about the guy who just got lucky for five consecutive trades. I agree those are the punters who just needed to guess one interest decision right and their up 20%. Believe me, I've seen it all and I know the difference between trading for personal pleasure and professional trading.
Simply put, the baseline of making 7% for 3 years with a large enough capital of $500 means that this guy isn't the 95% of traders who just guess and gamble in the market. And I agree, this has to be true. So I forget to mentioned that you have to get it audited professionally.
Let's just say I interviewed at a hedge fund ($500m) and a proprietary company for a trader role and both did ask of my personal trading. A mention of $10k, your trades who trade for pleasure, doesn't interest them. Say you have an account of $500k is a different thing.