Trader at a Prop Trading/MM Firm Looking for an Assisstant
My current night guys is getting promoted within the next 2 months and I have the option to have external interviews and wanted to present this as an option for guys with a solid college and trading background (poker helps too). It's at one of the firms listed in the top prop trading firms thread.
I have been working at the firm for the past year and have been running my own account for the past 8 months. It's pretty rare to get promoted to run your own book after 4 months of night shift, but due to performance and luck, I got into this situation. I spread trade treasuries on the entire yield curve looking at various forms of analysis.
For the job description, you'll be working the night shift (1am-9am) monitoring the positions and working on trade development. One of my goals is to turn the trade into a complete graybox system. Excel skills are a must. Programming is not necessary. You would be working the night shift for 12-15 months before going out on your own account. I think that's enough details for now. If you're interested, PM me.
Please don't flame cause this is a very legit chance of breaking into this field. I thought I'd post this here because I know there are very smart people that post here. I purely train the night guy and have a good amount of experience in the field. I'm obviously going to look at the resumes sent to the firm directly, but I'm waiting on authorization from compliance to see them all so I'd give this a shot and see if any of your are interested. You can PM me with your resume.
BTW, this is a cross post from 2+2 and they know this offer is legit.
Yes, I read this post on 2+2. It must be a third-tier firm like chopper, rho, or some other shop.
The only chicago prop firms worth working for are getco, drw, optiver, and jump.
It's none of the firms you listed and it is on the list.
I assume this is in Chicago?
Yea
JJC - Because you saw this post on a poker forum you automatically assume its a shady firm? 2+2 has some very very smart guys that are amazingly quick thinkers and have the core competencies associated with trading, and believe it or not many even have the pedigree to back things up.
Dude, are you freaking serious? Yeah, there are some smart qualified people on 2+2. But the vast majority are degenerate gamblers who play poker because they can't do anything else. Look, I absolutely LOVE poker but the caliber of people on 2+2 is nowhere close to this site.
Anyways, the job sounds downright awful, but i guess it's fine for a kid just out of college who really wants to trade but doesn't have any other options.
how much experience?
If you look at 2+2 as a whole, I agree with you jjc. But if you just look at BFI, it's not the case. There are alot of professional traders, hedge fund managers, real estate investors, along with various entrepreneurs that have done extremely well for themselves. It's definitely a little different in terms of the caliber of resumes I've gotten from each source. Here it's obv more book smart and on 2+2, I'm getting responses from traders that have done somewhat well looking for their big break. While the offer isn't from Jane St. or Jump, it's from a very reputable firm that's willing to put alot of money behind their traders. There are a few guys here that are 2-3 years out of college running multi million dollar portfolios.
In terms of trading experience, I'm somewhat willing to take someone with no experience, but in that case, you gotta be a very, very good analyst. My current night guy used to be an equity analyst before working for me, and I had to break some of his habits pretty quickly, but in terms of the knowledge he was able to bring to the desk, I was pretty impressed. His Excel skills are shit though and I really want to work on some ideas that require a strong knowledge of it.
OK. I agree that BFI has a much higher caliber of posters than the rest of the forum. One of the regulars is Aaron Brown, who is a renowned quant in the world of trading.
Regarding the night guy who used to be an equity analyst, what type of bad habits are you referring to?
He wasn't used to dealing with high stress moments. For instance, I trade some ICSs during NFP and other large numbers and getting a good amount of fills and he wasn't able to keep up and I had to do his job and mine which resulted in some errors. He never had to deal with any of my o shit moments though. I've had instances where something weird happens and somehow I'm hung on a 50-100 lot of ZN outrights and have maybe 2-3 seconds to figure out what I want to do with it before having ridiculous exposure. On the night shift, you can get away from reacting slow to big moves, but he wasn't used to the change of day shift when I went on vacation. Kinda has an analyst mindset and assumed one thing caused another which should lead to X and that is prob a more long term idea than a intraday move. Those pretty much cover it.
Yeah, that makes sense. The morning moves can be brutal after big numbers, so a fundamental research analyst just won't be used to the pressure.
Lol the caliber of people on this site are that amazing? WSO must have changed a lot in the past 9 months then because thats not the way things were when i stopped posting. Patrick if you happen to read this no knock on the site you know I think its awesome and you do an amazing just but its just the reality.
haven't the same people been posting since like 2007? I have noticed that there are a lot less posts than before.
I would've said this is DEFINITELY Chopper, but at Chopper the night shift is from 5 pm to 8 am hahahaha.... Good luck with that ladies and gentlemen...
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