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Jitu,
I'm a little more comfortable replying to your 2nd post than to your
1st post <g>.
To me, a guru <aka gooroo> is a self-promoting marketer who needs to
build a reputation as a trader for marketing revenue purposes rather
than actual trading revenue purposes. You may correctly assume that I
do not place a high value in GooRoo proclaimations.
But the above probably doesn't address your real question.
Your 2nd post suggests that what you are really interested in is
making a career change into the trading arena rather than learning
about others successes, I would suggest that you communicate directly
with Chuck Rademacher or Howard Bandy. Both of these guys have been
in the business for awhile and might be able to point you in the right
direction. Also, Steve Kernish (CedarCreekTrading) seems to be fairly
well connected and might be able to give you some pointers.
If, as you say, you are comfortable with your own research so-far,
then you should be able to market your skills to main-line hedge-fund
managers, successful specialty investment firms, etc.
Since you use a yahoo mail address, I don't know where you actually
reside, but you might have special market knowledge of a specific
global location that might be of value to global investment firms. And
since you are a computer professional, geographic location is probably
not much of an issue in your search for a career change since you
could use telecommunications to bridge any geographic issues.
Best wishes,
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "jtelang" <jtelang@xxxx> wrote:
> > I'm certainly no "guru" ( thank G ) and I'm not sure I even qualify
> > as a pro trader
>
> Fred, you're too modest.
>
> One followup question... In retrospect, do you think there's any
> better/shorter way of going about it (initial learning curve and
> career jump, I mean)? I'm asking wrt to becoming a CTA, for
> example... Or taking a few of those Series 5, etc. exams and seeking
> a trading job? From what I understand, its not easy to get into a
> trading job if its not one's career path to start with early in life.
>
> Anyone has any thoughts on that? I'm just curious to know what more
> options are available to one, other than trading on your own to make
> it a primary career, if one wants to attempt a switch-a-roo? I myself
> am fairly comfortable with my own research and results so far (within
> the grail-less zone, of course), and also sure I'll do fairly well in
> the coming years, but I'm wondering if I could accelerate the process
> by just switching the career some other way.
>
> Thanks.
>
> Jitu
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Fred" <fctonetti@xxxx> wrote:
> > I'm certainly no "guru" ( thank G ) and I'm not sure I even qualify
> > as a pro trader, but I think once ones trading starts to produce
> more
> > income then ones job/career then one begins to look at it
> > differently. As far as hurdles go, the biggest one I know of is
> that
> > it's more about what one keeps then what one makes. This seems
> > straight-forward enough but I can tell you that looking at MaxDD's
> in
> > a system report is nothing like feeling them in your account. The
> > danger in system development, followed by the trading of those
> > systems, assuming that one has done due diligence to ensure that
> the
> > techniques one has come up with are viable going forward, is not to
> > be surprised if you have DD's that at least approach what your
> system
> > has demonstrated in backtesting. A general rule of thumb I use in
> > determining whether or not I'll actually trade a particluar
> > mechanical system is to look at the stats and take half the CAR and
> > twice the DD's and if I can still stomach the results then maybe,
> > just maybe I've found something tradable.
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "jtelang" <jtelang@xxxx> wrote:
> > > Yuki (and other guru's),
> > >
> > > I'm sure some of you folks initially had a different primary
> career
> > > and then transformed yourselves into successful pro traders. It'd
> > be
> > > very interesting to hear from you about the experiences. For
> > example -
> > > what were the hurdles? How long were you trading on the side
> > before
> > > going fulltime? What was it that finally convinced you to go
> > > fulltime? etc. etc...
> > >
> > > If you guys find it interesting and willing to comment, I think
> > many
> > > would be interested to hear about it.
> > >
> > > Jitu
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > > > Hi Phsst,
> > > >
> > > > Tuesday, October 28, 2003, 2:50:04 AM, you wrote:
> > > >
> > > > P> <[when I write "we", I add you to the great holygrail-less
> team
> > > > I belong.>>
> > > >
> > > > P> Dimitris,
> > > >
> > > > P> I am honored, not to mention eminently qualified to join
> this
> > > team. I
> > > > P> think I even have credentials... :-)
> > > >
> > > > P> I enjoyed working (past tense) for my bread too. Sometimes
> it
> > was
> > > > P> hard, but more often it was fun.
> > > >
> > > > It's a comment I can easily identify with. Quite a number of
> > years
> > > > ago when I first starting looking for a mechanical system, and
> > > really
> > > > knew *nothing* about them, I thought I had found something great
> > > > rather quickly, which has probably happened to many of us. I
> > > thought,
> > > > well, this is it; I don't have to do anything now except plug
> > this
> > > in
> > > > and let it trade; my market watching days are basically
> finished.
> > > >
> > > > I well remember my almost immediate reaction to
> that "revelation",
> > > > too. Somehow, it was a giant letdown, a sense of almost instant
> > > > boredom, and even serious regret. No longer would I be
> profiting
> > > from
> > > > my own wits, but from some cold, applied set of market behavior
> > > rules
> > > > that I had happened to chance upon (I hadn't really of course;
> the
> > > > system turned out to be profitable, but way too volatile for
> me,
> > and
> > > > probably for most). But for quite a few days I was in kind of a
> > blue
> > > > funk about having "found" a trading system. Fortunately, I hit a
> > > > major drawdown rather quickly with that early attempt at
> trading a
> > > > system, and life became interesting again. ^^_^^
> > > >
> > > > Yuki
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