Good sports bettors make good traders?

[OAC]

	Quote:	aiki14
	My experience is that the best traders are math and computer science folks. Certainly it is they who are getting the jobs at GS and the hedge funds. Those are the guys managing my investment portfolio. The fantasy of sports betters or poker players making good traders is a pipe dream based on the fact that anybody can be a sports better or poker player, but few can be a stat/arb guy or first in your class at MIT or Harvard, and pass the interview with Goldman or Cerberus.

These people are not traders, they are trading system develpers. Its like comparing a race car driver with an auto mechanic. Give me a break .

[Reaver]

Price is either gonna go up....or it's gonna go down.

I am going to be right or wrong....not worried about who is on the other side. All the theory and degrees in the world isn't gonna change price either moving up or down. I make the most intelligent decision I can...and back it up with a few bucks. That's trading.

[aiki14]

	Quote:	OAC
	These people are not traders, they are trading system develpers. Its like comparing a race car driver with an auto mechanic. Give me a break .

Sorry but I don't agree, and I believe your analogy doesn't hold up. In the first case we are all trading system developers in one form or another even if the system is throwing darts at a bunch of symbols, and I watch the guys who develop the system work the trade desk all the time. You may be thinking of the guys who design the black boxes. Maybe they are the "mechanics" and some other individual pulls the trigger, and at some hedge funds that might be the case, but the top traders develop their own systems and pull their own triggers. Trader Monthly puts out a list of the top 100 traders every year, take a look at their resumes, driver/mechanics all.
here's a link:
http://www.traderdaily.com/magazine/article/5584.html

The "give me a break" comment was unnecessary.

[OAC]

	Quote:	aiki14
	My experience is that the best traders are math and computer science folks. Certainly it is they who are getting the jobs at GS and the hedge funds. Those are the guys managing my investment portfolio. The fantasy of sports betters or poker players making good traders is a pipe dream based on the fact that anybody can be a sports better or poker player, but few can be a stat/arb guy or first in your class at MIT or Harvard, and pass the interview with Goldman or Cerberus.

Listen, I was a math and computer science major at one of top engineering college in the country.(Ranked higher than MIT by NY Times)
These guys walking around with differential equations in their heads and tripping over chairs in the cafeteria don't make good traders. You have to trust me on that one.

[aiki14]

	Quote:	OAC
	Listen, I was a math and computer science major at one of top engineering college in the country.(Ranked higher than MIT by NY Times) These guys walking around with differential equations in their heads and tripping over chairs in the cafeteria don't make good traders. You have to trust me on that one.

The NY Times doesn't rank colleges, they use the US News and World Report rankings. Best engineering program MIT, been that way for years.
http://colleges.usnews.rankingsandre...hphd_brief.php

The guys sitting at the trading desk at Goldman, Merrill, Cerberus and the like are stat/arb math guys from MIT and Harvard statistically overrepresented. You have to trust me on that one.

[carcanaques]

Perhaps you two should agree to disagree on this point.

[OAC]

	Quote:	aiki14
	The NY Times doesn't rank colleges, they use the US News and World Report rankings. Best engineering program MIT, been that way for years. http://colleges.usnews.rankingsandre...hphd_brief.php The guys sitting at the trading desk at Goldman, Merrill, Cerberus and the like are stat/arb math guys from MIT and Harvard statistically overrepresented. You have to trust me on that one.

May be your are on their side and happy to collect a secured paycheck.
I don't know how long you have been on this forum, most of us are entrepreneurs and Goldman, Harvard, Merril don't impress us.

[aiki14]

	Quote:	OAC
	May be your are on their side and happy to collect a secured paycheck. I don't know how long you have been on this forum, most of us are entrepreneurs and Goldman, Harvard, Merril don't impress us.

I have been on the forum 2 weeks, I am an entrepreneur as well, people who make billions impress me. Especially in the arena where I choose currently to endeavor.
I am done.

[carcanaques]

Please correct me if I'm wrong.

By and large, the power IBs don't speculate in E-minis like many of us do. They use very complex trading systems, and hedges, to capture a small dollar profit that can be large because of the size they play with. Their objectives driving those trades differ from us self-directed folk and they employ very bright minds from all the best schools to do that.

[OAC]

	Quote:	aiki14
	I have been on the forum 2 weeks, I am an entrepreneur as well, people who make billions impress me. Especially in the arena where I choose currently to endeavor. I am done.

Welcome to the club then.