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Graduates vs non-grads in trading

  • Post #1
  • Quote
  • First Post: Nov 29, 2005 4:06am Nov 29, 2005 4:06am
hi mates,

Being a non-grad myself, I really felt intimdated by all the college grads here holding prestigous degrees,

Do you think a degree make a difference in one's trading performance?

Having watched the Apprentice , non-grads tend to be more entreprising but then that's another story
Quoting Blackship
hi mates,

Being a non-grad myself, I really felt intimdated by all the college grads here holding prestigous degrees,

Do you think a degree make a difference in one's trading performance?

Having watched the Apprentice , non-grads tend to be more entreprising but then that's another story
I don't think so.
Keeping it Simple
Quoting Blackship
hi mates,

Being a non-grad myself, I really felt intimdated by all the college grads here holding prestigous degrees,

Do you think a degree make a difference in one's trading performance?

Having watched the Apprentice , non-grads tend to be more entreprising but then that's another story
Trading result got nothing to do with your academic qualification.
Don't think too much about the degree. Work harder to trade better.
I am a grad, but , who cares?
Quoting traderswin
Trading result got nothing to do with your academic qualification.
Don't think too much about the degree. Work harder to trade better.
I am a grad, but , who cares?
But it does effect when you have professional certification such as CFA.
Regards,
Kay
Resource pooling is the only solution. I love positive pips.
Quoting Khalid Shahzad
But it does effect when you have professional certification such as CFA.
Regards,
Kay
Yo bro,
With a CFA doesn't mean you can trade better

*just a quick note, did you go through the course material?, then you might understand where i am coming from*

A farmer might trade better than a CFA charter. Why? because it really doesn't matter if you have the title or not..

Err...just personal opinion and experience sharing...
Quoting traderswin
Yo bro,
With a CFA doesn't mean you can trade better

*just a quick note, did you go through the course material?, then you might understand where i am coming from*

A farmer might trade better than a CFA charter. Why? because it really doesn't matter if you have the title or not..

Err...just personal opinion and experience sharing...

Certifications are mark of standards shows aptitude, patient, and commitment... certainly, we need patience and standard in our trading. My view.
Resource pooling is the only solution. I love positive pips.
Grads and trading has nothing to do with each other. In fact, I wish I had NOT spent 4 years in university and had spent it trading. Serious.
There is no direct connection between having a degree and trading peformance.

If I was employing traders, without a performance history, I would take a grad over a non grad, if all else where equal. it would be a good filter.

Degrees do not usually come without hard work and application, nor does trading.

I don't have a degree.
Quoting WTB
Grads and trading has nothing to do with each other. In fact, I wish I had NOT spent 4 years in university and had spent it trading. Serious.
Oh WTB, you have just spoken out the words of my heart... Really hope I was trained to trade instead of tucking in the thesis....
But, anyway, no harm to get degree as well. at least....at least my parents are pretty happy after that...
Quoting hagadol
There is no direct connection between having a degree and trading peformance.

If I was employing traders, without a performance history, I would take a grad over a non grad, if all else where equal. it would be a good filter.

Degrees do not usually come without hard work and application, nor does trading.

I don't have a degree.
You are 100% right.
Trader without endurance and tolerance can not be a good trader, degree make it possible to be up to the mark in any field even trading.
Resource pooling is the only solution. I love positive pips.
well grads or non- grads ,one thing for sure we're all in livermore school that do not graduate the pupils
Quoting Blackship
hi mates,

Being a non-grad myself, I really felt intimdated by all the college grads here holding prestigous degrees,

Do you think a degree make a difference in one's trading performance?

Having watched the Apprentice , non-grads tend to be more entreprising but then that's another story
It depends on the factor of the market requirement. I don't really think that having higher degree would help someone does better in his/her trade. We all sharing the same big pool of currency stream..........anyone who can developed the better skill of seeing the market will win, not reagrding to your education background. But for those who educated themselves well...normally have more percentage for winning.

just a novice
zynetic
Ah if I had a dollar for everytime I had this "discussion" with the other half . If the uni students are anything like here in Australia, to say that you come out with a great work ethic, patience and determination is, well wrong, there are some, but most come out with a piece of paper, a girlfriend and a constant hang over (I know .. I was there for 4 years).

I dont think a piece of paper helps you in trading really, nor in other walks of life apart from those speciality areas such as doctor, lawyer etc. A good work ethic, due diligence and a calm demeanor will help you trade, qualities that I can't say my uni (college) was big on instilling.
You can quit and they won't care, but you will always know.
Quoting Akuma99
to say that you come out with a great work ethic, patience and determination is, well wrong, there are some, but most come out with a piece of paper, a girlfriend and a constant hang over.
Man I agree with this entirely. Uni degrees are so overhyped now a days.

PS: the hangovers (plentiful of them) didnt help it either
Quoting Blackship
hi mates,

Being a non-grad myself, I really felt intimdated by all the college grads here holding prestigous degrees,

Do you think a degree make a difference in one's trading performance?

Having watched the Apprentice , non-grads tend to be more entreprising but then that's another story

The market DO NOT give a SHIT if traders are grads or non-grads


Thanks,

Nader
I have a degree in Finance and i can tell you that it makes absolutley no difference at all. The truth is that some of the most successful people in life with degrees (lawyers, doctors, CEOs, many entrepreneurs) make the worst traders very often

Often, these people believe that because they've achieved success in other walks of life they will be able to carry that success over into the trading world. Nothing could be further from the truth. Part of the reason these people are so successful in previous endeavours is partly in their ability to get their environment to conform to what they want or need thru knowldge, negotiation or whatever else. The market does not give two hoots about conforming to what you want or need.

People with degrees have spent a good part of their lives studying, writing exams, etc... so what are they used to? BEING RIGHT. Priding themselves on the fact that they beleive thay have an intelligence edge over others. Unfortunatley, most do not appreciate the fact that trading requires a completely opposite mind-set to everything else they've ever done. Being right, for instance, has nothing to do with making money. There is a distinct difference between the two that the most educated people in the world have a hard time separating.

Bottom line: Education and degrees mean squat in this world. Like a previous poster said...farmers can be better traders than MBAs
If you are intelligent, you can learn to trade in 2 to 5 years.

If you are very intelligent, it will take 5 to 10 years.

Having an IQ of 148, I'm amazed I can make any money at all!

Dial
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Quoting dvescio
farmers can be better traders than MBAs
I have an Engineering degree and I have a Masters degree in Business Administration (MBA) and I have a project management designation and I can tell you with absolute certainty that everything I have means SQUAT!!! In other words It don't mean nothing. Is there another way I can say it?

I have a commodities trading account that I have a broker looking after it. My broker is an ex-farmer and he makes really good returns (which is why I quoted above). He's a farmer and I'm an MBA!!! He makes much better returns over the long run than I do.

The trick to trading successfully is finding a method that suits your temperament and sticking to it.
Degree doesn't guarantee victory in trading... I agree. Nonetheless, why a certified or a well educated person is required when a brokerage firm looking for a financial or credit analyst...?

Building up a successful system is, definitely, an important part for traders; however, for example, I had been doing degree in computer science it is definitely helping me out to write down my indicators or expert advisors in mql4. Well educated person has the tendency to do work efficiently and effectively.

Every thing has its pros and cons and I think while trading it is better to be an educated or degree holder rather have nothing. Secondly, the degree holder has the second option if he/she doesn't get success they can go back and earn for living...
Regards,
Kay
Resource pooling is the only solution. I love positive pips.
I think in trading currency, we all get to the very similar start point regardless to education background.

Like all the other post said, the degree isn't help in winning the trade....but the education of the trading psychology is.

Trading currency is like working with yourself.....for yourself and by yourself. I don't see any bad thing of being a non grad in this market.

It's all about surviving in the trade and riding along with the trend........The eduaction you need to be in this market sometimes doesn't available in the university.

That's why we have a mentor,right?



happy trading

zynetic
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