Currently, there's a message all around social media that college is for suckers.
India hasn't improved all that much to accommodate people with skills but without degree in the job market. It's very rare to find companies like that.
Moral: You're better off going to college.
If you can afford to, go to US/Canada or Europe for your bachelor's. Otherwise, do a master's degree abroad after bachelor's.
Treat the degree as a milestone that gets your foot in the door. Make sure the degree matches what you are interested in.
If you're an average joe, your life can get better through incremental improvement. Don't depend on your college for a job though. Build the skills in the field of your choice while pursuing your degree (hopefully both are aligned) and go vertically deep.
If you have to go to a tier-3/4 college, it's definitely worthless paying a tier-1 level tuition.
So, only if you find yourself in such a situation, don't depend on your college, sit down, buckle up, and build your skills in public, do an apprenticeship, and do anything.
As long as you build requisite skills, you should do fine in life. Don't overthink it.
Who you want to be in 5 years today will be different from who you want to be in 5 years, 5 years from now.
Keep introspecting every quarter at least, so that the shifts aren't wild.
So, takeaway:
- If you can afford to, go to college, only if you can do US/EU/CA tier-1/2 colleges(try getting as much scholarship as possible). Build skills and network.
- If you only have tier-3 or lower admits, go to college, build requisite skills in public, and hack it up.
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The scenario in trading today is not as it was 20 years back. 20 years back systematic or algorithmic trading was almost non-existent. Today it's growing in numbers.
Throughout the last 20-30 years, traders have had to evolve to adapt to the changing technology and market.
It's clear what the next 20 years look like. By next 20 years, almost 90% of global markets will become algorithmic and systematically driven. Already we see discretionary prop funds withering away. Very few are surviving and barely scraping to get by.
How do you prepare yourselves for trading as a lifelong career?
No other go. You have to learn programming, learn math, statistics, and adapt to the moving technology goalposts. Otherwise you will face competition from those who do learn those things.
Get a regular 4-8gb ram laptop/desktop with a good fibernet connection.
Your task is to
- Fetch live tick data from the broker
- Store all the ticks you're able to receive
- Design the storage for efficiency & ease of use
- Also design a separate data store of the same tickdata optimising for speed
- Collect tick data of one instrument and do this.
- Find a way to collect live tick data of multiple instruments.
- Use the stored tick data for backtesting
- Optimise the backtesting process & speed
This also involves optimising the data store. If you're able to accomplish this at scale with your laptop, with say 400-500gb of data over a period of time maybe, you'll acquire the relevant skills along the way to appear for a HFT firm's interview.
1. Bajaj Caliber - hoodibaba ad 2. TVS Victor - Actor vijay's vehicle in a movie 3. Yamaha RX100 / Suzuki 100 4. TVS Star Sport - Surya's vehicle in Sillunu oru Kadhal 5. Yamaha Enticer / Bajaj Avenger 6. Hero Honda Splendor
The bikes I remember fondly of, since I rode them
1. Bajaj Discover 2. Bajaj Pulsar 180 (back when it was introduced, a friend's). 3. Hero Honda Karizma 4. TVS Apache 5. Hero Honda Street 6. Bajaj Sunny
Bajaj used to lead the market in performance oriented vehicles and also had Discover, CT100 and Platina lead the budget segment.
TVS and Honda captured the unisex models market (Activa, Jupiter, Scooty, Pep, etc.,)
After Hero split, they captured the budget bikes market.