Value of Personal Trading/Investment Experience on Resume
How valuable/impressive is personal trading and investing in equities and forex markets on a resume if I want to go into trading or buy-side? I am doing well enough so far and am just wondering if this might eventually help me get a job or internship. For what it's worth, I'm still in college.
SlyGuy
It will show that you have interest and motivation to really get involved in the field, but that is about it. Not terribly valuable/impressive unless you accomplish something way out there, but it definitely won't hurt you.
I agree with Jerome. Not very impressive other than that it shows drive. Now, if you have the NUMBERS to back it up, that's a whole different story. Just trading is one thing, but succeeding is another story. I had someone in one of my intern classes who had made over $100K in the bond markets, and could prove it. He had his job locked up the first week through the internship. Many others yearning for a place on the street will have traded, this doesn't differentiate you - unless you have the numbers to back it up.
Well, I am doing pretty well, but I am not sure how well you'd have to do to really impress people. I started trading forex in early July/late June and am up 25-30% depending on how a current open position does between then and now. The question is, I guess, how good do I have to be for my personal trading to differentiate me from the crowd? Also, having traded equities before, I feel like FX is a tougher market cause it's 24/5 and so many different factors influence exchange rates. But would FX actually carry more weight?
God everybody that posts this shit talks about how they are trading forex and are up 25-30% in half a second and want to know if it can get them a job. If you think you can take essentially a purely speculative position and consistently get those returns, then by all means don't waste your time at any of these places because you are in for a rude awakening. People taking purely speculative positions tend to have negative expected values once you factor in transaction costs and opportunity costs. If you are even a fourth as profitable and consistent as you believe this early, you will truly be wasting your time working for almost any place--HF, prop, bank, whatever--because they are going to take a massive cut and not teach you anything to reach those kind of returns in speculative trading.
Here is the thing: Getting X returns really means jackshit in the short term and even medium term really (even a decade isn't enough--see tech boom where everybody was a day trading 'genius'). You could simply be extremely volatile and happen to be in an upswing or you could simply be doing well by random chance. If you had the size on that most people do even at some medium size prop shops, I don't think you could fathom taking on the risk that you are taking on now (your ass would be gone before you could even get a bonus from the PnL most likely if you have a smart risk manager). Beyond that, the trading styles are completely different for the most part. The vast majority of people aren't scalping spot forex on the screens by hand all day.
The only way I imagine ANY reputable firm caring is if you had some extensive, auditable track record that shows smooth, consistent returns for a period of time with well defined strategies that can be implemented to scale. Most important than your results would be your understanding of the markets, perhaps programming depending on the firm, and statistics.
Dear Jerome,
I am sorry to see how quick you are to judge. I truly feel bad for you--living your life must really be so fun I can't even fathom considering how long your message probably took you to write and how stupid it was. Please know a little more about what I invest before you make such jilted statements and rational people may one day take what you have to say seriously. Honestly, good luck. You need it.
Why are you lashing out? Jerome was making valid points; why don't you justify your position instead.
SlyGuy,
By all means, if you feel you can generate the returns you do with any consistency, do not join any prop shop or S&T team. You will develop a much more significant track record with those types of returns--consistently--and make a LOT more money (at least your first 3-5 years) than you will at any bank, prop shop, or even hedge fund. Say ~20% returns in 2 months (a little less than what you claim) annualized to 120%--you will be sitting pretty VERY quickly if your idea has any scale or robustness whatsoever.
Sly guy... seriously anyone who say they are getting 25% return on FX on their resume will auto get dinged!
unless you are the next FX buffet, otherwise 25% is just BS!... (not BS as i don't believe you, but BS as in 99% chance just luck)
I can somewhat relate to SlyGuy.
Two years ago I regrettably used to make impulsive trades using that bloody investopedia account and there had been numerous months where my monthly returns exceeded 30%. Yes, I was lucky and I realized it when I'd have months where my account was down 20%. Those moments shredded any notion that I was a gifted.
However, I've been trading FX for about 6 months with a usual monthly rate of return of 8-15%. Despite the fact that I've been trading FX live for only 6 months, I am fairly certain that my returns are not heavily attributed to luck. Most of my system is mechanical, yet I also do make some discretionary trades. And no, I don't trade the news, and neither do I use much leverage.
Should I put personal investment result in my resume? (Originally Posted: 12/15/2014)
Hi guys, I am a graduate-school student looking for intern. While revising my resume, I am wondering wether I should put return of my personal portfolio in it. I ask this question because I have never seen anybody put this kind of information in their resume, nor any resume tutorial mention about that. Since I am looking for intern in trading area, I think past investment result should be helpful.
What you guys think about?
What do you look for in your interns? Where should I expect to be working, would it be in the library of do you have a home office?
On a serious note, first please make sure your resume is error free. You can put your returns on your portfolio if it is 1. substantial, 2. you are able to fully articulate your trading strategy.
Definitely (assuming you beat the market), but be prepared to back it up. You will have to be ready for technical questions on all of your strategies. If investing is your passion and you have had terrific abnormal returns then this is a way to "prove-it" in the application.
Is it worth putting personal trading on my resume? (Originally Posted: 01/26/2016)
So I have no structured finance experience besides what I'm learning at school. My resume has nothing finance related on it, except a little portion just stating that my objective is to obtain an internship with a financial services company. I've not received any call backs on internship applications and feel this is why. While I may not have structured work experience, I do follow the markets intently and trade often in my brokerage account... is this worth anything? If so, how would I go about mentioning it on my resume?
I am not a brokerage recruiter but here are my 2 cents about resume in general : Without seeing your resume, I can't tell how well worded/specific your objective section is...if it's very general like "i m seeking an internship in financial services" then it's too broad and ppl will just skip ur objective section. (space on resume is valuable...) if you abs have nothing else to discuss...then it's worth it (almost like a personal/independent project) IF you have gained some kind of experience/understanding - i.e. "25% profit in 9 month" or something u can elaborate on. People want to know "what is the result of ____"
I believe it is worth putting personal trading on your resume
It's good to just list - but do not overstate
Some kid I met from linkedin put Portfolio Manager on his resume.
Depends how long you've been trading and if you outperformed your benchmark. That being said, I've never been asked to verify my returns. I think at the internship level, they just want to see you have a passion for the markets. Of course being able to talk about some winning trades you've made is helpful.
Personal Trading - Opinion on personal trading experience (Originally Posted: 12/29/2009)
What's your opinion on mentioning personal trading experience on a resume? I'm trying to get an internship through connections in PWM this summer, but I also want to put forward the strongest resume possible to go along with it. I'm currently involved in an investment partnership at my school, which I included, but I also trade my own account. I've been underperforming the market lately, but I still think it shows a lot more depth of interest than simply having a stake in the partnership.
On the other hand, I'm not sure how to portray it on a resume in a way that doesn't seem cheesy or overreaching.
I would list it under your interests section. You don't really need a full blown line item for this, especially if you don't have stellar returns. Just make sure you can back it up with good talking points when they ask what stock(s) would you recommend and why.
dont elaborate unless you have like 30%+ returns, and if you are underperforming the market....then definitely dont put on the resume...plus this is a pwm internship, not a trading internship, they care more about your personality than your trading skills, or lack of
Do it even if you lost 50%
It shows you have a genuine interest in the market and at least some financial experience
I assume you read the wsj + other publications --> list them also
I guarantee bankers will talk to you about it during interviews, and you do not need stellar returns -- just talking points.
The one question you need to know how to answer--> "where is the economy going?" You should have a good answer because your view on the economy should be directing your investments.
I have a long-term time horizon because I don't have the free time, capital to make it worth frequent commission payments or qualify me for pattern day trading. I'd obviously be doing better if I had 25k+ in this account and didn't have to go to class.
what are you investing in ?
Tech, banks that haven't fully recovered, telecommunications antennae, alcoholic beverages, Brazil and Korea.
Any bonds?
I'm not investing in bonds because I have a high appetite for risk and wouldn't have a viable means to invest in them because I dislike bond ETFs.
You should own at least some bonds to get some exposure. I agree that bond ETF's are a fraud (since the mkt returns never match net asset value).
Check out some bond mutual funds -- just to get exposure and to have talking points for future interviews
You will also hedge out some risk with some bonds.
If it sounds too boring --> look at the ytd returns of the emerging market sovereign bond funds
Thanks, I'll look into it.
Since you are under performing, I would only list it as a hobby. Since you don't have enough capital to daytrade with - look at other asset classes to dabble into: options, futures, and forex. Futures and forex don't have the day trading bs to contend with and dabbling once and a while into options can help pad your performance for some swing trading ideas.
Is personal trading experience necessary to getting an internship? (Originally Posted: 12/24/2007)
I wanted to know to what extent is personal trading experience required to getting an internship in trading? By personal trading experience, I mean someone who invests in the stock market in their free time. I graduated from undergrad last year with an engineering degree, and recently became interested in finance through talking with friends who have worked in that field. I have never invested in the stock market, but am curious about the field. I've heard that in interviews, they may ask you questions such as to tell them about some stocks you've been following and your outlook on the market, and I might not be able to give a very insightful response. Even if I do follow a stock for a while, it will be only for a few days/weeks leading up to the interview as opposed to possibly several year's of insight someone has developed through trading. Neither of my parents are in this field so it's hard to pick up things about trading when it's not the constant environment around me. What do you guys think?
Also, another question related to summer internships - I'm currently working towards a master's degree in engineering which will take about two years. There are recruiting opportunities available at my school, however on many of the bank's websites, it says they are looking only for juniors, mbas, or someone working towards a quant degree. I'm not really interested in a pure quant position, although I don't mind an internship that would involve some more technical applications. What are the chances of getting an internship through the school's recruiting system as someone who isn't in one of the years that they are normally looking for? And what are the chances of getting an internship through networking?
not required in the least...
If you are so worried about knowing the stock market. Just subscribe to the morningstar.com , they have a 14 day trial membership. They have equity reports on all major US stocks, just read and comprehend. Grab some big blue chips companies and learn about them, if you are in the US I would recommend at looking at some corporations that are in your state, this way you already have some background info on them.
Remember, you will always be a salesman, no matter how fancy your title is.
- My ex girlfriend (and one of the many reasons she is my ex)
Personal trading experience (Originally Posted: 08/30/2011)
I didn't get an internship this summer because of a variety of reasons, going to senior year at a very good school.
Now trying to get a full-time sales&trading position. I traded full-time this summer with my personal money, 60+ hours a week, developed EquityFeed, StockFetcher scans and reviewed charts and mastered technical analysis skills.
You know if this overall experience will be helpful to trying to get the job? My extracurriculars and marks are average but I feel there's very few people with my kind of experience in trading.
It won't hurt, target MM Trading groups, shittier prop firms.
Consolidate your printouts into a presentation and you just may impress someone at an interview
what do you mean printouts?
don't you keep track of the reasons why you make a trade? like a journal etc
When I first started, yes. But I do so many trades a day now that I don't write on paper anymore. You I should actually print out my watchlists and let the interviewers look at it during an interview?
If you were going to a family member or friend to raise capital, how would you present it? Would say make it max 1-2 paragraphs outline your results (hopefully you made money), your overall strategy and 2 main things you use to put on a trade.
Then in the interview explain one trade in depth when you show the person this summary. "I saw XYZ indicators at 9am and got in at ABC level for DEF shares and held till blah blah, I do these kinds of trades various times a day etc...
Make sure your example ties to your overall strategy. Do not explain your trades on paper, being able to explain your thinking step by step and disciplined to connect to the strategy you have outlined will impress someone. Most hiring managers just want someone who can think right, they can teach that person to make $$$ afterwards but you can't teach the raw ability.
The point IS that you have to demostrate that you made money, and how....
Results backed up by reasoning & strategy.
Go get your portfolio of tradings done, and break a leg! you deserve a great job.
Wrong no one deserves shit. That is the attitude that fucks people....I deserve xyz.
how common is it to bring in a portfolio/example of my trading notes?
never heard of it, but if it will help my chance, then I'll do it
Portfolio are only for Fund Managers!
I was referring to a portfolio of notes and charts etc, not a stock portfolio
personal trading or paper trading are what you make of them. If you have detailed records of your trading, a log of how you came up with ideas, detailed portfolio statistics for how you did, etc then you can really impress people...as someone who loves trading i would ALWAYS look at something like that if it was given to me by a junior person. At the very least, i might get some ideas...i often find that young people wo dont read all the research and are just starting can sometimes provide unique insights just because they arent a part of the normal thought-stream.
If however you just kicked around some stocks, without any real deep thinking about it and dont have a good log of what you did other then a few e-trade statements then it can not only be unimpressive, it can actually be a negative because it gives an insight into how you will handle a "real job".
So definitely bring in a book of charts and ideas if you have it...in fact if you PM me maybe I will read it for you and critique...
definitely having a written doc explaining about your strategies that made you get that good position in trading would be a helpful tool to make your application more enticing.
missing a year of because of a disability - do I put that on my cover letter or resume? or do I only answer the question if interviewers bring it up in an interview?
If I were you, i will just answer this if ever interviewer brought it up, for resume are solely focus on your strengths
as long as you have confidence your good to go.
as long as you have confidence your good to go.
haha! confidence, all of us has confidence!!
Virtual Stock Earnings on Resume (Originally Posted: 12/21/2010)
Would it ever be advised (or even worthwhile) to include gains from a virtual stock portfolio (if they significantly beat the S&P, etc.) on your resume? I'm thinking this could just provide some amount of legitimacy in a tight labor market. If so, what percentages would be high enough and how would you format it?
I will bite eve...even though I hope you are kidding. If you dont have any skin in the game no one fcking cares about your performance. Your example is akin to having cyber sex with a "10" in an online chat room and then bragging to your friends that you smashed a Ford model. Dont embarrass yourself by including that information (the fact that you engage in cyber sex). Best of luck to you.
Ouch!
Yeah you don't include it because you can always open 20 paper trading accounts and then just use the best one. It shows that you don't realize this and aren't very street smart...
Dont. people will laugh at you
Can personal trading experience affect on hiring (Originally Posted: 08/08/2013)
I'm just wondering how much affect personal trading experience can have on getting hired on a prop desk. Obviously anyone can open a trading account, but if you can demonstrate what you've learned from that experience in a way that is applicable to a prop desk, how much will that help you? I'm just thinking in comparison to previous experience, background, etc. how much weight would your personal experience carry?
Please excuse the messed up title lol
You'd have to be doing something remarkabl for it to catch anyone's attention.
Everyone has been making money in this economy, so simply returning a positive yield isn't getting you a job.
Do use it as a signal of interest in the field. Don't try to use it as a signal that you're good at it.
I dont necessarily agree with this statement. I think trading on a personal account can be beneficial when it comes to higher in that it shows you have at least some sort of experience, have an interest, and/or are actually committed. These are all things that employers will probably recognize if you included in your resume that you trade on a personal account. At the end of the day if a hiring decision had to be made between yourself and another individual with identical resume's, BUT you had trading experience on a personal account, I would put money on you getting hired.
It can't hurt, bottom line.
Justin88 is right, it's definitely a big plus for showing interest, just remain humble.
Transition from personal trading to trading internship (Originally Posted: 08/29/2011)
Hello all,
I have been trading stocks both on my personal account and on a few virtual stock exchanges for a while now, with solid results. I am going to be a junior in college this year, and am looking for an internship for summer 2012.
I would like a position where I would be able to trade stocks, rather than derivatives, bonds, etc. Preferably, I would like a job where they just give you a certain amount of money and let you do what you please with it (say 25k at first, if you get solid results, they increase the money). I know this is unrealistic, but it sounds very intriguing because it would allow me to employ the trading methods I have developed, with capital I simply do not have. What would be the best route to take for me to do this? Is this what they typically do at BB S&T?
Thanks for any input.
SEEEAAARRRCCHHHHH FUNCCCCCTTTTIIIIOOOOONNNNNN
specifically, prop shops and bb s&t
Prop shops, prop desks within BBs (despite the Volcker rule there are still many desks not being spun off which handle both flow and agency trading), and down the road if you perform well, hedge funds.
You won't be given such a broad mandate as "do whatever you please with this capital"... in fixed income you'll cover a selected number of names within a product class, and in equities it's probably something similar but I have no experience there.
First New York Corp. is essentially the firm that matches most closely what you seem to have in mind. Google them.
Thanks A Posse Ad Esse. First New York looks to be exactly what I am looking for.
No Joe, FNYS would not be good for you.
If you already have your own strategy, you simply want a shop that will give you capital to trade your own strategy immediately and will give you a huge percentage of the profits. These shops are actually easier to work for and find.
FNYS has 2 year training program.
Jane Street then. . .
Could you give an example of a firm or two, lbreitst? Thanks in advance.
Well the wording of your question is kind of confusing.
Pretty much no firm would give you money to trade during an internship. An internship you would just learn what it is like to be on the desk and learn what is required to be a trader.
Full-time, there are prop shops that will teach you how to trade a certain strategy and train you, while others will simply supply the capital.
Jane Street and FNY will train you based on their strategies and supply you capital. These are the best kind of firms since they teach you or set you up with an edge in the market place. Training can be 6 months to 2 years depending on the firm, but you won't be given capital for a while and you will have to trade their strategy.
Other prop shops literally give you money and let you have it. If you have a time-tested strategy and experience trading and want a much larger cut of the money without wasting your time training, then you would want a firm that simply does that. These are less respected since they don't train you and a lot of people fail unless they are able to find an edge on their own through their personal strategy.
Sort through this list going to the websites of each firm and reading about them. You'll be able to tell which firms give you training and capital versus which firms simply give you capital versus which firms require you to put up some capital (least respected).
[I tried to post the link to the website of prop firms, but the spam filter won't let me. Just google list of prop trading firms]
Also, the last sentence of your original post - No, this is nothing like what S&T at a BB is. Sales and Trading at a BB is generally flow trading for clients. Prop firms have no clients and are privately funded.
Would virtual stock competitions count as experience/boost my chances? (Originally Posted: 01/04/2013)
This might be a laughable question but I was just wondering if virtual stock portfolios and trading success stories are positives for my applications for a trader position? I'm only asking because I'm actually very serious even though I know it's fake money (Risk vs. Reward, psychological barrier, etc.) And I've traded with real money previously so I've learned to cope with all the psychological problems and just stick to my strategies...
Now I'm primarily talking about the Virtual Stock Exchange on MarketWatch, it tracks stocks real time, albeit not the volume, but I trade with realistic volumes (not buying 9000000 shares of $1 stocks for example, we are allowed 1% of avg volume), because I've came to reap over 120% profits for my business class over 3 months (easily beaten the number 2 competitor), and since it was so much fun I've decided to enter another competition and I've climbed to number 1 and remained there for now with 30% returns/3 weeks using my previous strategies.
So if I added this as some sort of my experience on my resume is this completely idiotic would prop trading firms even care about this? I mean all of my trading history is recorded so if they want a "track record" I have them, the only thing is that it wasn't real money.
Thanks in advance and all helpful replies are appreciated!
I used your quote for a reason. Losing money on paper and saying you can handle it when dealing with real money is kind of like saying being you watch porn, you are an excellent lover. The real thing is totally different. No words can describe the pain that comes from watching your money disappear.
If you can pitch it, I would try it.
The short answer is "yes," but barely. Put it on your resume if you have nothing else.
Also, check your PM.
If you're such a pro, then start your own hedge fund..Much better route then working for some BB with limitations.
not much
the only instance it will add value is if in an interview you get asked about and then that sparks a conversation between you and the interviewer where your passion really comes through. Other than that its not going to wow anyone looking at your application.
Thanks for all the responses guys, yeah I know the difference between watching your paper burn and just fake cash getting melted away, I really like the porn reference haha, I usually have a mental stop loss range where I will take my losses, but I've been watching the market and certain stocks for a long time and sometimes I get a "gut" feeling of what could happen, and I usually like to take fast profits at 7-15% range since I trade in and out of stocks really fast, so I thought if I'd follow this strategy there's really no "mental stress" and believe me when I say I've watched real paper disappear and I've tried to "infuse" the feeling into the competition and at the start I treated as real money so I'd literally panic if a stock dropped 1% or 2%, but I've learned to stick to my discipline.
At the same time I've got new money in a trading account and now I definitely feel the difference of just sticking to strategies and not get held back my mentality. Albeit it's less money than when I first traded, it's still money. And I believe I'm getting there.
Thanks again guys. And Sand I saw your PM, thanks a lot.
I hate to break it to you but I'd say no. Literally every time I play VSE marketwatch I am up significantly after a short period of time. I was up 60% last time It's just so easy without emotions. So easy to take huge risk and not worry about it, the reward is a lot better
Want to invest my money?
haha of course easy with fake money much harder when your money is on the line
"Trading Simulation" during S&T internships - any value? (Originally Posted: 04/11/2010)
My summer internship at a BB has a "summer long trading simulation that will be presented to senior management". Can anyone tell me their experience with these simulations at the banks? I can't tell if it's completely worthless/ignored or if it's a chance to actually impress someone at the bank.
What product type?
I can tell you that it is not worthless/ignored. It is another tool to rank SAs and gauge your skills as a potential trader. If you have the best P&L within your group of SAs, then you will obviously stand out (in that particular exercise) and it can help you for full-time placement on the desk (if you get an offer/accept).
Generally, no one gives a shit about training. At the 3 different BBs/major boutiques I have worked at, no one puts much weight on it.
That said, the trading simulation we did as analysts only lasted a week, and they had the 1-month implied vol turned up to 90, so it wasn't realistic at all (HUGE movements all of the time with almost no liquidity in the market they provided).
If the simulation is realistic, though, and you only have 1-3 major news events per day, and you actually have to sit in front of your computer for 10-12 hours in-a-row to be sure that you're there for the events, then that might have some value to a senior trader. I seriously doubt they will run a simulation this way, though. Who has the patience for it? And is it any good for the kids going into, say, structuing, sales, strategy, capital markets, banking, lev fin, or research? Maybe it is, but it's not as useful to most graduates as learning some theory/accounting, so that's what they're going to focus on in training.
Basically, so long as most of you show up every day, and no one tells the trainer to fuck himself/herself, nothing you do in training is likely to get back to senior management. Why? Because senior management has bigger problems than hearing about some HR report on the conduct of the new analyst intake during training.
Way to go completely off topic ... OP asked about during an internship, not training.
this is a pretty interesting question that I would like to hear some opinions as well...
Personal Trading on S&T Application (Originally Posted: 04/27/2010)
Say one is an upcoming university student interested in landing an S&T position at a BB as an intern. If hypothetically one traded on their own as a high school senior and turned 30,000 into about 200,000, would that be something worth divulging on the resume?
I also have a question regarding SAT scores. Say hypothetically someone received an 800 Math and a CR in the mid 600-700 range. How would this person go about including this information (if at all)? Maybe this person would only need to mention the math scores or possibly the whole set since the BBs will ask the potential internet anyway.
from my reading this post, I would say this person hypothetically still is breast fed
I would say that the most important thing is for this person to write his cover letter in the third person. This person should be sure to speak in the third person as well at the interview when this person is describing the hypothetical trading account.
Hope this helps this person.
LOL! I would give you a Silver Banana, but I only have one left.
Okay seriously guys. I know you guys have stressful jobs and as a high schooler aspiring to be a "baller" or "cheif", I thought I could at least brighten your mundane lives a bit.... just a bit.
Replace the "one" or "person" with "I". Feeling better now?
SAT scores probably aren't worth disclosing with a 6xx V. The 800 Q is helpful, but people will be wondering what the V and Ws are. Typically, you see SAT scores get disclosed north of 1500-1550. (I guess the new equivalent would be 2300).
Why doesn't this person just start his own hedge fund? 600-700% return over 3-4 years is pretty nice.
the OP is hilarious...
btw, this person is assuming that the person in question is a upcoming freshman, if said high school senior hypothetically realized a 170k profits in a year, this humble poster would include said gains of said person's cover letter in question
haha, i think the kid had enough.
ok. so yes. incorporate your SATs on your resume. It is strong enough. Talk about how you are a personal trader, your strategy etc. and stop worrying about your resume. you'll be fine.
and if you want more help. this person should hypothetically pm me.
Option Trading - Unbelievable Results - Need a HF Job!! (Originally Posted: 10/22/2013)
Hi guys, Like you all I love trading:) I have been trading options for the last 2 years (self-taught). I am pretty good at it and can prove my results with my brokerage statements. I think any HF manager would WOW on my results. Starting with less than $5,000 and 5000 trades later I am into low-mid 6 figures now.
Now is the time to move to the next step, I want to get into hedge funds as a trader/money manager.
I live in Chicago, have an MBA, 34 years old. I have never worked for anyone, always owned my own business (which might not look good on the resume). I do enjoy trading/money management and want that to be my career.
What would you advise me to do? Should I send my trading results with every resume I send or ....?? Please, help.
Also, if you guys can name some great hedge funds in the Chicago area would be very helpful.
Thank you so much!!
Your results alone, without a demonstration of a robust process, are of no use to anyone.
Sorry to pour cold water all over your enthusiasm, but, trust me, it's far better for you to come back down to earth.
are your results scalable? can you do what you did with 5k with 500k?
they are more interested in your methodology, and idea throughput. Strategies will be seen by someone else in the future and your margins competed away. Can you come up with another idea or are you a 1 trick pony.
But to answer your question, put a line in your resume, very early on, saying using 5k of capital turned it into X thousand in X months, doing 50 trades, of which 10 lost money 40 made money and your maximum exposure was Z. Your highest winner wasnt the lottery etc. and your results are chance.
Think about it this way - if your results alone would mean anything to a portfolio manager, then you'd be better off trading for yourself and turning your six figures into eight over another couple years.
Given your multiples, it seems that if it was a scalable strategy, you'd be able to make yourself richer inside of 10 years than almost anyone on the plant, including some fund managers. Do some research into your own method, and see if it is indeed scalable. Its kind of a heads you win tails you lose situation, as far as the hedge fund aspirations. If it is scalable, you're better off keeping all your profits and not giving some up to someone over you. If its not scalable, they are not going to be interested in you anyway. So, either way, keep at by yourself for now, and try to flesh this out a bit in terms of how far you can take it. Then, if you still feel you could do this with a few million instead of a few thousand, then you might be able to reach out to some funds.
Should I Include Trading Experience Gained Through Personal Account (Originally Posted: 03/14/2017)
I have included a copy of my resume (attached as a picture) so you know what it currently looks like. I am at a small IR firm, looking to move into investment banking. Unfortunately, my financial experience is lacking and I am trying to spin my experience thus far into something more relevant.
Included in my resume all the way at the bottom under Interests/Other I have included that I developed an algorithm to trade the Forex markets. Here is basically what that consist of:
2 years of development time
Used Python to connect to broker's API and stream live data
Developed proprietary library to perform technical analysis on data (including SMA, and Bollinger Bands)
My end result was an algorithm that could run by itself placing trades, as far as returns go it was generally successful, but also a bit inconsistent. I was wondering, should I include this under experience, or just leave it where it is right now? If so how would i best go about doing this?
Did you attach your picture?
Unless you are willing to provide some information on your greeks I'm not sure you stand to benefit from talking about your gains. What is useful is if you can talk about the process of developing your methodology because inevitably someone will ask how you backtested your model.
Will anyone hire me based on personal account ROI ? (Originally Posted: 10/31/2017)
I have read posts that state fund a personal account beat the market and money will come knocking. Is there any truth to this?
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