Pragmatic Capitalism

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If I can beat the mkt. Will a wall street firm hire me?

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Cullen. if I can show via my personal trading accounts that I have consistently beaten the mkt (Russel, S&P ) for X number of years running without a finance degree of any sorts. Would a investment banking firm, trading house hire me for consulting services?
Just Curious..

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Posted by Cowpoke
Posted on 12/20/2016 12:48 AM
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You might be able to get a job with a prop trading firm? But a big Wall Street firm isn’t going to hire someone who’s been trading their Ameritrade account to high returns just on that alone. You need to prove you have a skill that is scaleable to a big firm.

Plus, no offense, but I seriously doubt that you’re generating the types of returns that would be beneficial to a big firm. In other words, are you trading in substantial size and doing so in a manner that properly accounts for the risk adjusted returns you’re generating? If you’re doing those two things then yes, you should be running a big fund somewhere, but the vast majority of people can’t trade in size and definitely can’t trade in size to high risk adjusted returns….

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Cullen Roche Posted by Cullen Roche
Answered on 12/21/2016 2:05 PM
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    Skills should include having an Ivy League degree and graduating with honors, though that is lessening more and more over time as Wall Street realizes they’re overlooking trading talent outside of that arrogant bubble reality. But I got to wonder, if you can actually beat the market on a risk-adjusted basis, why the heck would you want to be employed by a Wall Street firm and enrichen the firm’s owners instead of yourself??? Maybe you want the safety and security of a job instead of having to be a free lance gunslinger?

    If you really got trading talent you got two realistic choices. You can use something like Collective2 and offer your trades as a business or you can enter certain trading contests and hopefully get funded by Wall Street if you make it all the way to the winner’s circle.

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    Posted by MachineGhost
    Answered on 12/27/2016 3:18 AM
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