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The only help I had getting started was someone showing me how to fill out the
application for purchasing a seat.
Many of the successful folks did in fact apprentice for some of the more famous
traders. Jon Najarian(First Chapter of "Supertraders)apprenticed on the CBOE
floor for another very successful trader. As an apprentice he was paid "0".
The current salary for folks who clerk for independents at CBOE is "0". In
essence you pay to earn. In essence that is my point. The way to learn is to
learn. Lots of firm will train qualified folks to trade for them. In exchange
for which they will want to own your "soul" for the next 2 or 3 years.
You want to give up a couple years of income, a pretty hefty price, then you
might get a shot. There isn't a day that goes by that a resume doesn't shop at
CBOE from someone currently very successful....looking to give it up all up to
learn how to trade.
I know NOBODY REALLY GOOD who gives it away.......everybody pays a pretty high
price. There ain't no easy cheap way to do it.
BrentinUtahsDixie wrote:
> Doc,
>
> Did anyone like this ever voluntarily help you when you were starting? Most
> of the traders interviewed in Market Wizards were helped by someone at one
> time or another. Just curious.
>
> Brent
>
> ----------
> > From: THE DOCTOR <droex@xxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: Degree in trading (Alternative)
> > Date: Friday, July 17, 1998 7:43 PM
> >
> > I know a good number of highly successful traders and I fail to see a
> compelling
> > reason why anyone would assume they would be willing to share the wisdom
> they
> > have acquired over the years. At the same time most of the folks who
> sell
> > trading expertise couldn't trade their way out of a one lot oex option
> the day
> > before expiration.
> >
> > Some thought IIT(Illlinois Institute of Technology)runs a college
> > program..endowed by much of the trading community to train traders. It
> was
> > essentially established by the Chicago trading community to develop
> "talent" on
> > an mid to entry level of trading skill.
> >
> > Tony Saliba..profiled in Market Wizards does in fact run a school for
> > professional option traders. It is used extensively by the professional
> > community both in the US and Internationally. The only hang-up is it
> cost a
> > bundle ($10,000 + the last time I saw a price list). Most of the major
> > proprietary trading firms do in fact runs in house schools, but they are
> just
> > that. They are designed for their future floor staffs.
> >
> > I'm kind of dismayed by the assumption that anyone would expect any of
> these
> > successful traders to really give it away.
> >
> > If I had developed a really valuable methodology for trade I would trade
> it...
> > not sell if. And that is exactly what they do.
> >
> > Glenn Pederson wrote:
> >
> > > On 16 Jul 98 at 13:37, BrentinUtahsDixie wrote:
> > >
> > > > 1 hour honest trading guidance from a magnanimous highly successful
> former
> > > > trader
> > >
> > > Anyone know how to find these highly successful traders willing to
> > > give you an hour of their time? I have been in this business for
> > > many years and have yet to come across any successful traders.
> > >
> > > Thanks,
> > >
> > > Glenn
> > > gpeder@xxxxxxxxx
> >
> >
> >
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