“Price is what you pay. Value is what you get.” – Warren Buffett
The Path I Wandered to Build a Trading Business
I have always been “the numbers guys”; however, I have never in my life imagined that day trading could be a sustainable self-employment opportunity for me.
I was born in the 80s. I moved to the States when I was in my twenties. Back at home I got my BA in accounting, which I hated with a passion. While pursuing a MS in financial analysis part time, I was working a full time corporate job as a financial analyst. After years of plowing through the corporate ladder, I finally moved from a cubical to an office. Boy, that was a big deal. In the meantime, I became a CFA charter holder. Which, by the way, engraved in my mind that trading strictly on technical setups is generally not seen as favorably as trading on fundamental analysis. That perception was wrong on my part.
The corporate job has begun to wear me out. It wasn’t that it didn’t pay well. It was more of a getting tired of monotony and working for someone else. I didn’t have any particular ideas for a business but I started dabbling in day trading. Although, I have not blown up a single account, it took a couple of years to create enough income from trading to leave the corporate job. Then I realized that day trading, when profitable, can be run under a business entity umbrella. This opened a new chapter in my life. I have been trading since 2012.
Here are 3 Must Read positions on Value Investing and Algo Trading