TradingPilot

Hi everyone!

I'm currently on my last year at an aviation university. Long story short I have been bouncing back and forth on becoming a professional pilot, or joining a proprietary trading firm and becoming a professional trader. I have gone as far as changing majors to business and returning to aviation once I figured business classes add nothing to trading.

I'm wondering if any pilots here are active traders with remote prop firms or serious brokerage firms like IB, or TradeStation for example and are able to generate some consistent income.

I understand the Aviation industry sucks right now but I know that flying is something I need to experience. Its alot easier to quit aviation than it is trying to get back in it later in life.

Thank You,
TradingPilot

jungle

I think this will have about a 99.99% chance of grinding you up in the long run. It is a money maker for the brokerage firms though.

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TradingPilot

Jungle,

that's very true 90% lose in this game but most who try don't have discipline or a systematic way to enter exit trades. I have been playing for some time now and learned a lot of things through trial and error. A big thing is to have a pro oriented broker or prop firm to reduce your trading costs.

jungle

It is always better to run the casino than be a mark.

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Just another slave on the Marxist plantation. With the "joint Reptilian-Bavarian Illuminati" crew.

Winged Wheeler

What have you spent on training? Or what has someone else spent, in either time or money, on training you in this field? Based on your comment about the business classes, it does not sound like the barriers to entry are really high.

Generally, jobs that require no training or education are easy to get and pay very little. It sounds like this is an on-line variation of the old envelope stuffing career.

WW

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TradingPilot

The barriers to entry are high for bank/top tier trading firms. Those usually require an ivy league MBA or some sort of math related Phd. The type of trading I do can be done by anyone that's why as I said previously 90% fail. There are 3 types of proprietary trading firms. The ones where they give you a salary and you trade their capital, the ones where you trade their capital and you split profits with them in return you get to risk their money not yours, and lastly prop firms where you put up a deposit (risk capital) and are given alot of buying power. Some will give you 1,000,000 buying power with a 15,000 deposit in return you pay for their software and trading fees.

Training is offered by most firms as you are trading their capital. For some it takes up to 5 years and alot of $ to become profitable in this game.

Flyby1206

This can be said for aviation as well. At least youll have the opportunity to make some good coin in the finance industry,

FighterHayabusa

99.9% of those 90% go in thinking they will have a disciplined and systemic way to enter and exit trades.

DAL 88 Driver

Here's a good article from a blog I like. I think this has some good "food for thought" on this topic.

Illusory Correlations | Kim Snider

FlyDL

You can read Timmay Sykes' book and make it RRRRRICH!!!!!!!!

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