• C++ Programming for Financial Engineering
    Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!
    Python for Finance with Intro to Data Science
    Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!
    An Intuition-Based Options Primer for FE
    Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!

Do you make money from trading?

Joined
11/19/14
Messages
1
Points
11
Hi Folks,

This may be a stupid question. I am interested to know if anyone actually making money from day trading after completing the MFE program?

Cheers,
Martin
 
From trading, yes.

As to DAY trading, I know some people who say they do but I doubt they tell me the truth, since day trading actually means trading noise. If you are going to try I highly recommend you to have a look at my book: http://www.yetanotherquant.com
Some chapters may be downloaded for free, just have a look at Kelly criterion, which tells you what you can at best yield in the long run.

Or even simpler: if you can make 10% return it is indeed very good. But if you have $100000 trading capital, then you will earn just $10000 p.a.
Since daytrading is a fulltime activity, is it really worthy? ;)
 
I worked at a day trading firm this summer that was completely non-quant. I can say %100 people make money, a lot of it
 
Last edited:
I thought that the book looked interesting. At at < $16 I'm willing to give it a try. So I've ordered a copy.

Hi Ian,
many thanks, looking forward to your feedback (and feel free to ask me if you have questions)

Can you stop advertising your book, please?
Sorry, I cannot.
As you can see, I always try to provide factual answers, not just refer to my book.
But since it contains a lot of relevant(!) info, there is nothing bad if I recommend it additionally(!) to the answers I provide here.
I think this is a win-win approach, since no financial professional will systematically answer to novices just "on charity basis".
 
Back
Top