Guest Article written by Jonathan Keag
Media outlets and Hollywood love to glamorize the trading business. It is usually depicted as 20 and 30 something’s wearing five thousand dollar suits, working in a high paced office overlooking major city skylines with an Ivy League diploma on the wall, watching multiple screens with flashing indicator lights. Do these places exist in the real world? Of course; however, that is not a prerequisite for successful trading.
What are the key external factors to trading? Computer, external hard drive, internet connection and that’s it! All of the other stuff is meant to make people feel and appear to be important. Salem Abraham, a very successful trader with a proven track record, runs his operation from a small town in northern Texas in a quiet and discrete office. There are countless examples of people running discrete trading shops making tons of money for themselves and/or clients.
Trading systematically as a student affords time for a traditional job, hobbies, school and time with friends and loved ones. When is a good time to start trading? Now! I began in college. Best job a college student can have. The flexibility trading offers is unmatched.
Here is a routine I have found to work as an independent trader while in college:
• Turn computer on, run job to test systems and database for logic errors and functionality (even this can be automated)
• Activate system, sit on hands and let the system do what it was designed to do.
• Go to class
• Come home
• Review new orders for following days open
• Do homework
• Start all over again the following day
If the trading is disciplined and focused enough, by the time you graduate you can pay off school loans, start a new business, travel Europe, or continue trading for a living. Whichever option you choose will place you many steps ahead of your peers.