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Hi there!
Am new to this forum. I am computer programmer and have worked at successful hedge fund for last 10 years. I make a good living. I am 40 years old, married with no kids but we soon plan on having 1 or 2.
I have about 2.2 million saved and am looking to trade futures on my own. The hard part is leaving my job because it pays well with great benefits. I am confident I can make 10-15 pct a year trading on my own. Taxes of course would decrease this amount. My wife is not a big spender so no worries on that front, plus she want to work part time pulling in 30k a year.
My reason for going on my own is mainly because firm I work for has changed too much. Politics have taken over and the people in charge I don't really believe in. They have positions due to politics rather than skill. In old days the skilled folks ran things. Returns have suffered due to this.
I know I'm smart enough to do. My main concern is will I be too lazy to get up and do the work everyday without someone looking over my shoulder to make sure I work.
Would you guys do it in my situation ? I am weighing good secure income against less secure income but independence and freedom and challenge.
Can you help answer these questions from other members on NexusFi?
Being smart or already having a lot of money has nothing to do with profitable trading. If you have a job then I would keep it until you know you can trade.
I would like to do this but with my current job I'm not allowed to trade due to company rules ( signed contract ). I have backtested and have success with the back testing.
have 2 kids ASAP. You will see how early you wake up while laziness goes away.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
He made is money while working in a hedge fund. He should have an edge over others if that is thge case.
Unless it's like Goldman where secreteries who lick envelops make $400K in bonuses
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
The first thing you may wish to do with your 2.2 bars is become an Elite member of futures.io (formerly BMT). Then consider sharing your experience at the hedge fund and see how others are trading for a living.
Let's assume he was programming algos, is that gonna help him as a retail trader? I don't think so, but I don't really know, I just know I would highly recommend figuring it out first.
