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Phoenix,
Fair questions. Let me elaborate a little on my situation.
1) I don't currently trade anything. Recent college grad, discovered a passion for finance soon after graduating college (management degree) and switched into that career path. Took a job as:
2) A trading liaison/salesman on a small bond trading desk. I help the trader with a lot of the mundane details, but have no say, input, or insight into the positions the trader takes. I've only been in the business about 6 months now - long enough to get my Series 7/63 and step more into a salesman role. Still young (24), and still trying to learn everything I can, and the equities market is something that really appeals to me for whatever reason. Trading seems to be a natural progression into learning more about how markets act - and as a result help me in my current job (the bond market and equity market appear to behave very similarly in most situations) and also allow me pursue a growing interest.
Hope that clarifies things a little... |
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Well, assuming that there's no one there who'd be willing to act as a "mentor", much less a coach (even if you'd want that from anybody there), don't be embarrassed to take baby steps. If you're interested in the equities market, at least in part because it appears to behave in a similar fashion to the bond market, then consider an ETF that's equity-based, such as the QQQQ, DIA, or SPY. You won't have to devote your weekends and evenings to stock research, you won't have to sweat out those portions of the day when you can't watch whatever it is you traded (you're going to have difficulty getting a feel for how the market behaves if you're not there), and you can trade any of these just as you'd trade their e-mini equivalents, in the event you ever want to try futures; that is, you can daytrade them (which I do not recommend), swing trade them, or take positions in them. Plus the amount you risk can be much smaller, and you can scale in and out of positions, if that appeals to you.