d.weglarz13
Junior member
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Hey guys. I am going to try to make this a simple as I can. I have no experience of any kind, nor a financial backround of any type. But, trading I feel is the right path for me, as i can't seem to stop being obsessed with everything about it. I am reading as much as I can everyday, especially on these forums, and can't stop thinking about trading all day and all night long. Well, the bottom line is that my dream is to be a successful trader, and I need a bit of advice.
I am going through a rough part in my life right now, and I need to get everything together. My girl is getting frustrated with me right now, because its been a little while since I have been working, due to a back injury. If I would have realized about trading a few years ago, I could have been coming out of college with a financial degree or something and hopefully go into a bank or trading room fresh out of school, the way most traders on Wall Street start getting coffee or whatnot.
But, the truth is, my whole life I have pretty much been a bum. I screwed up college a while back, and since have been working crap jobs that I just hate. So, here comes the part where I need your advice.....
I called a job on craigslist the other day, about trading/stock trading sales type of work. Now, like I said, my dream is to be a trader, but I am not sure if this is the best way to go or not. The job seems to be more sales than anything else, as the boss told me that we would be on the phone all day long making call after call. Now, I have done this type of thing before with mortgage modifications, but due to the all the fraudulent activity at the time, I got out. So, I need to know what you guys feel about this "boiler room" type of "trading"? The boss said he pays for us to take and learn the Series 7, and I think the 63 also. Then, after that he pays like 200 a week salary to get us started until we start opening our own accounts. Now, like I said, I need your advice because I know pretty much nothing about the industry except what I have been reading, and want so bad to get into it, but do not want to go into it the wrong way, especially with the stress in my relationship already. Plus, the training is 4 weeks no pay. So, if you guys tell me that there is a better way to learn and get into this industry, then great. I will not feel too bad about not taking this job. But, if this is the only option for me right now, since I have no backround degree in anything important, than perhaps I will need to figure things out and try once again to ask my girl to bare with me some more. And, I don't mean to sound silly, but I really need some opinions on the matter, as the job starts this Monday. I am currently 28 years old, just got my associates degree in liberal arts, and am now attending Stony Brook part time while wondering if I should take classes on this financial stuff, or just make my life easier and work a couple more crap jobs or whatever for now, and keep reading until I can learn open my own account and start trading for myself successfully. It seems to me what I have read so far, that this might be the best bet for me, as I am not 20 years old anymore, fresh out of school with some MFE degree or something. I guess the only way to get to Wall Street is to do it right out of school. Or am I wrong? I really need some guidance here. The last thing I want right now is to end up making hundreds of phone calls everyday in the hopes of getting a client or two, and struggling to make another "salesman" commission unstable pay, unless the rewards are really great for my hard work. But, a trader that I asked a few days ago, said that i would probably just be braking my back to make the broker money, and if i get a rough spot, they will probably let me go anyway. Is this your guys' opinions too on this? Is this my only option? Or is there a better more solid way of going about this? Like i said, i am just starting Stony Brook University so if some classes and a degree are what i need, perhaps I can start looking into that. If you guys say that it doesn't matter how to get into the industry, as long as i get into it, then like I said, it will add a lot of stress to everything in my life right, now, but it is the type of stress I CAN deal with, as i said this is my dream to do this eventually. I can do it down the road a bit, if you guys tell me its possible, but i am not sure if this job i landed is a once in a blue moon opportunity, especially for someone like me who screwed up in college before this. But, if i can always get this job, than it makes things easier. Just please, the more opinions the better. I am truly confused, and would hate to not take a great opportunity, even with my fiancee losing her patience! And, please understand that I am a real newbie at this, but I DO want to eventually pursue this as either a career or a lucrative hobby.(but rather a career eventually I think.)
Thanks for taking the time to read this whoever does, and again, any and all opinions are welcome. I truly need some advice here, as the day of truth is the day after tomorrow. Thanks again very much for your patience and understanding.
Dave Weglarz
I am going through a rough part in my life right now, and I need to get everything together. My girl is getting frustrated with me right now, because its been a little while since I have been working, due to a back injury. If I would have realized about trading a few years ago, I could have been coming out of college with a financial degree or something and hopefully go into a bank or trading room fresh out of school, the way most traders on Wall Street start getting coffee or whatnot.
But, the truth is, my whole life I have pretty much been a bum. I screwed up college a while back, and since have been working crap jobs that I just hate. So, here comes the part where I need your advice.....
I called a job on craigslist the other day, about trading/stock trading sales type of work. Now, like I said, my dream is to be a trader, but I am not sure if this is the best way to go or not. The job seems to be more sales than anything else, as the boss told me that we would be on the phone all day long making call after call. Now, I have done this type of thing before with mortgage modifications, but due to the all the fraudulent activity at the time, I got out. So, I need to know what you guys feel about this "boiler room" type of "trading"? The boss said he pays for us to take and learn the Series 7, and I think the 63 also. Then, after that he pays like 200 a week salary to get us started until we start opening our own accounts. Now, like I said, I need your advice because I know pretty much nothing about the industry except what I have been reading, and want so bad to get into it, but do not want to go into it the wrong way, especially with the stress in my relationship already. Plus, the training is 4 weeks no pay. So, if you guys tell me that there is a better way to learn and get into this industry, then great. I will not feel too bad about not taking this job. But, if this is the only option for me right now, since I have no backround degree in anything important, than perhaps I will need to figure things out and try once again to ask my girl to bare with me some more. And, I don't mean to sound silly, but I really need some opinions on the matter, as the job starts this Monday. I am currently 28 years old, just got my associates degree in liberal arts, and am now attending Stony Brook part time while wondering if I should take classes on this financial stuff, or just make my life easier and work a couple more crap jobs or whatever for now, and keep reading until I can learn open my own account and start trading for myself successfully. It seems to me what I have read so far, that this might be the best bet for me, as I am not 20 years old anymore, fresh out of school with some MFE degree or something. I guess the only way to get to Wall Street is to do it right out of school. Or am I wrong? I really need some guidance here. The last thing I want right now is to end up making hundreds of phone calls everyday in the hopes of getting a client or two, and struggling to make another "salesman" commission unstable pay, unless the rewards are really great for my hard work. But, a trader that I asked a few days ago, said that i would probably just be braking my back to make the broker money, and if i get a rough spot, they will probably let me go anyway. Is this your guys' opinions too on this? Is this my only option? Or is there a better more solid way of going about this? Like i said, i am just starting Stony Brook University so if some classes and a degree are what i need, perhaps I can start looking into that. If you guys say that it doesn't matter how to get into the industry, as long as i get into it, then like I said, it will add a lot of stress to everything in my life right, now, but it is the type of stress I CAN deal with, as i said this is my dream to do this eventually. I can do it down the road a bit, if you guys tell me its possible, but i am not sure if this job i landed is a once in a blue moon opportunity, especially for someone like me who screwed up in college before this. But, if i can always get this job, than it makes things easier. Just please, the more opinions the better. I am truly confused, and would hate to not take a great opportunity, even with my fiancee losing her patience! And, please understand that I am a real newbie at this, but I DO want to eventually pursue this as either a career or a lucrative hobby.(but rather a career eventually I think.)
Thanks for taking the time to read this whoever does, and again, any and all opinions are welcome. I truly need some advice here, as the day of truth is the day after tomorrow. Thanks again very much for your patience and understanding.
Dave Weglarz
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