I guess everybody knows about this thread right? http://forumserver.twoplustwo.com/29...hread-1232335/

Not really. It's harder in general but you can also take your time to think about stuff, research it etc. and you tend to cooperate with others not compete with them

Very different skill sets ldo

When I was applying for traditional business jobs I put it on my resume and tried to explain it through math, running my own business, etc..., but for teaching middle school in a small town that has more churches than restuarants, I thought it was better to just say I was travelling.

On some Christian mission obviously

Yeah it's a completely different thing altogether. It's much more about logic, process and creativity. The analytic and occasional creative elements would certainly match up, but 90% of programming work in industry is dealing with other people's messes. Also you absolutely must have a good boss or it's a ****ing nightmare. It's good work if you can get the right job - you're creating something and there's a real sense of satisfaction from building things that work. But it's certainly not for everyone.

My inherent laziness and scattered nature made it difficult for me. Nowadays I work as a DBA, which is a much more reactive environment, so the pace of it suits me better. I still get to hack out a script and satisfy those analytical and creative needs, and fixing other people's messes is basically my job description too.

Hey guys, there was an awesome chart someone posted quite a while back maybe in MSNL about the rake's affect on WR. It was simple and effective, was trying to reference it...if someone could link me to it I would love you forever. I searched for it and failed.

Thanks!

Asked my dad about a small trading company in Amsterdam where I read about (3k + bonus for starters a month and easily 150K+ a year if you are good). My dad knows the CEO of it as a friend and they worked before together and told me he can put in a good word for me. Also told me that everything about poker is a big + as a winner for trading and hiring. Will need to study a lot though to up my trading game (kinda lazy the last years due to poker).

Might take him up on the offer in a month or so.

ermm... i guess i was mistaken. i thought we were talking about gamers. koreans call pro starcraft players "programmers" but i think both clowntable and yourself were talking about software engineers and such?

lol there is a major difference between programmers & progamers Don't mix them up boc

this place?

nope

http://www.optiver.com

3k/mo seems like a really big base salary for a prop firm.

ah. always thought of optiver as chicago-based. it's a serious company. the interview process isn't easy. and they actually pay more than $3K a month based on my understanding. it's more like $5K to start.

i got into final round for optiver. their math test is actually pretty easy and fun. shipped a perfect score in their final math test.

i ****ed up the last interview tho.

starting is like 60k euros a year but its also tought post recruitment i hear half of the intake is fired in 6 months.

yeesh at the six months thing. i know a guy who started there a little less than a year ago. pretty sure he's still there. smart kid though. lol jobaments.

Pretty sure the failure rate for traders at most prop firms is well over 50%.

that's true, but optiver isn't a normal prop firm. i believe it's a market maker, and it's one of the most difficult prop firms to break into. but yeah, point taken. how's your trading going, if you don't mind my asking?

Going ok. According to the best traders in the office the last 6 months have been the toughest trading of the last 5+ years(very low volatility and very headline driven).

Ive been improving and having better results every month except for 1(been doing it since last November) so that is good. Boss says that although its been really tough since i started, it's something of a good thing im training/learning right now bc if you can make money in this market you can make money in just about every market environment.

Hopefully things keep progressing. I'll maybe update the MSNL Trading thread a little more in depth in the coming months.

very cool. sounds like you're on your way to crushing mid-stakes trading, just like you did mid-stakes poker. good luck w/ it, sir.

http://www.theage.com.au/business/ca...206-1aid1.html

Yeah, Optiver would be an amazing company to get into.

The link above details how a few of the top guys based in Sydney broke away and set up their own company a few years ago.
And yeah, they're market makers (not a prop trading desk)

Made a killing with the knowledge they had, but Optiver is suing them for stealing software stuff, etc when they left..

A buddy of mine does project management for a construction company, and the job he's working on atm is for one of the Tibra guys.
Ridiculously expensive house right on SYdney harbour with well over 10 million in renovation expenses!

Grad positions are insanely competitive in Australia (and I assume everywhere), but the starting salary is around the AUD100k mark

blah at High Frequency Trading

almost like the short stackers of the trading world

fwiw, optiver is a market maker *and* a prop trading company

Yeah, thats the impression that I get.

Isn't their ever increasing presence making it harder and harder to be a +EV trader?

Yea they cut down edges similar to short stackers.

okay so this sounds like such a fake story but it's true.

My long time friend is up from Washington DC (he works for the government) and he started talking to me about poker. Drunk rambling I went on about how the DOJ and the government ****ed all of our lives basically. He said that he's sat in meetings and the biggest lobbyists he's seen against the regulation of poker haws been Roger Goodell and the NFL. Pretty messed up, heh?