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Day in the Life of An Energy Trader
I found this article quite entertaining http://webcache.googleusercontent.com/search?q=ca… IT was just another day on the trading desk at Flippum Energy Partners. I decided to drop by and see what the traders thought about crude oil prices, which closed above $89 a barrel Thursday, setting a...
How do you break through as a trader at top firms?
Hi everyone, I have a few questions: What advice would you give a first-year college student on becoming a successful trader and making it to a top-tier firm (a good ibank or hedge fund known for its trading )? What particular elective courses should I take for my finance major? What...
Strategist role at an agency broker
I recently interviewed with the owner of an agency broker here in Chicago. No one has heard of them, and they are fairly new. Basically, they execute trades for large institutional clients, including janus, PIMCO, SAC, and others. They are looking to expand into other business areas and want to...
Dan and Dave 2010
Some weeks back I had dinner with two old friends from high school. We wound up hanging out with some college girls and my boys struck out hard with the two 19-year olds of the group; much to my simultaneous amusement and chagrin. You see, my guys are named Dan and Dave. For anyone, who recalls the...
Investment Project
Hey all, So I am working on an independent project and was wondering if I could get some help from the people on this board. I have to rank these 5 stocks: JPM , Bank of A, GS , MS, Wells Fargo in order 1 through 5 and to which one I would want to buy the most and why. I just started and so far I...
Interview for Commercial Banking
I have a phone interview for the commerical banking development program at HSBC soon and am wondering what types of questions I might be asked. Given that I'm not exactly sure what someone in this program would actually do, I am unsure of what to expect. I was a SA in S&T this past summer and am...
Tumbleweeds in Trader Town
A funny thing happened on the way to the forum today. I got a call from a successful trader friend. What made the call strange is that it happened during market hours, actually almost at the opening bell. My buddy is not only unreachable during these hours, he definitely does not want to be...
Wealth Connect
Has anyone heard of Wealth Connect? This guy named Brett Golden has been advertising it on linkedin, efinancialcareers, and other sites, and he's looking for traders and portfolio managers to join. Basically it's a platform that connects professionals with average investors.
Weekend Wars: Traders vs. Funds
10/4. To military and police personnel, an affirmative acknowledgment. To investors and traders, the potential boiling point of a slow simmering feud. On this date, several high powered mutual-fund executives will convene at the Investment Company Institute in Washington D.C. and reportedly begin a...
I want to be a Trader. Am I delusional? Undelude me.
I quit my job in IBD after 2+ years about 3-4 weeks ago. I quit because I hated the job - I did not hate the hours. I hated that I worked for people I did not really respect, that the job was not challenging and was the same old stuff day after day, that there was too much selling/skewing/straight...
Keep playing (one-sided) phone tag with MD
I graduated school last May and am currently stuck in a MO/ BO job at a BB (risk and trade clearing). I went to a non-target so it wasn't as if companies were banging on my door looking to hire me, but I managed to find a couple fixed-income trading MDs on the street who went to the same school I...
How many college seniors do top prop shops usually hire?
Any idea how many college seniors top prop shops like Jane Street /drw/ Getco /jump, etc. hire each year? I heard from some people that Jane Street and Getco are planning on only giving like 3-4 full-time offers this year. Not sure if this is true though.
Time to Look at Silver
I'm not sure I've ever made two trade recommendations in the same week, but you guys should be aware of this opportunity if you're not already. If you're looking for a long term trade with the potential to return a double, triple, or even more over the next year, you need to take a look at silver....
Hedge Fund Kings
The Financial Times has recently released their top 10 Hedge Fund manager list, and no surprise here, it’s pretty much a cross section of the funds found on this recent thread . (Which I just found out also has a link to the article… Moving on.) Net gains for investors since inception was the...
I am getting killed on options
Long story short, I am up 18% on my long equities but down almost 50% on my call options. However, the stock prices of my options have been rising and they still have a month until the exercise date. Is this typical or do I have a fundamental flaw in my thinking? Is it more logical to buy in the...
Into DXD Calls Again
Those of you who subscribe to my Twitter feed got a message yesterday that I re-entered my favorite (recent favorite, anyway) DXD Call trade. It's not a trade for the faint of heart, but it paid off over a triple last month and I think we're going to see at least a double this month. I bought the...
Trading @ Louis Dreyfus
I've come to understand that Louis Dreyfus is one of the best places to start trading . BB can be too much paper pushing, the quant prop shops too arcade/algorithmic. Louis Dreyfus gets their traders into the best opportunities to learn - think Confessions of a Stock Operator Does anyone know what...
Who do you think are the most helpful posters?
We all know that banana points are skewed and that they are not always an indicator of helpfulness. With that being said, which posters do you think are head and shoulders above the rest? I've been helped out most by: happypantsmmcgee A Posse Ad Esse leverage
The Fall of Gekko's Children
“ Give me guys that are poor, smart, and hungry and no feelings. ” – Gordon Gekko Since the dawn of man, rules had been set to measure one’s worth; in the prehistoric era it was one’s strength that dictated whether he was to be a badass hunter or a wussy gatherer, in the Renaissance times,...
Big four or MFE?
Sorry for the impending essay.... I've recently graduated from economics at a UK target uni. However due to illness during my degree I had to take time out, didn't do as well as I should have and didn't manage to get any relevant work experience/internships. I still ended up with a 2:1, but there's...
Friday Morning Monkeyshines
Wall Street culture has always been portrayed by the media as that of greed, ruthless competition, and gross apathy towards others. Nothing could be further from the truth. Fact is your typical Tim Sykes-like douchebag is in the minority, while your average monkey is usually the amicable, fun-loving...
Insider trading as a credibility measure for marketing activities
I am investigating whether “management (insider) trades add credibility to marketing activities (in this case product introductions)”, thereby I am focusing on S&P 1500 companies with a time span from 1998 to 2009. I already have a data set with management trades for this time span, now I need...
Technicals - Masters in finance
Techincal Analysis... So I just did a masters in finance at a good school, been blasted with maths, stats, EMH (acknowledging some of its minor shortcomings) the law of one price, asset pricing etc. Now I work on a trading desk at a BB all I hear is support, resistance, the trend line, we're hitting...
Jane Street Prop Trading Video. Why use OCaml?
It's interesting to see the level of sophistication that goes into developing a lot of their market making platforms. If you haven't seen this video, you should definitely watch it. The video was probably one of the most interesting and worthwhile hours that I've ever spent....
Funding Desks
Does anyone here know what type of backgrounds traders on funding desks at BBs and large commercial banks have? These desks aren't usually mentioned in the same breath as typical S&T desks as far as recruiting goes and I'm having some trouble figuring out where they get their traders from. Any...
Some Trading Rules to Live By....
As I've been reevaluating performance thus far this year and figuring out what I've done that has worked, and not worked, I decided to revisit a list of principles I started about four years ago when I got serious with trading . I'd love to see people build upon this including the guys with great...
Will trading be here in 10 years?
I know you cannot give me a yes or no answer as you can't see into the future but I hear alittle about the government intervening too much here and will basically kill trading . In 8-10 years, will Trading be a career I may be able to choose from? Yes, im 15 years old, but if you can pls hold off on...
A True Size Trader
Once you're dubbed a size trader making some heavy coin is a mere by product. Certainly, we would expect anyone paying $172+ million in taxes to be a big time player. Well friends, expectations can deceive. We've all dreamed of running our own book at some point, haven't we? Sitting on a beach...
Market Data for Options
I posted a topic on options pricing movements last week and got several great answers do thanks to all who helped out. I'm curious what market data applications and tools you guys find the most helpful and worthwhile. I trade via optionshouse and they don't really have any analytics. I used to have...
VTB Capital
Hi All, What do you all think about VTB Capital? Seems like a major Russian IB , looking to expand its presence in Western Europe and the Americas. My guess would be that, in a few years, it will be like a BNP or SocGen in that regard (in my opinion, sales/trading first, banking second outside of...
Wall St Firm Without Degree
i just have a quick question, is there anyway i can get in a Trading firm like first new york or jane st with out a college degree, if possible what could be possible steps to take. i personally was thinking of calling and asking if i can pay them to train me and prove myself to be of some worth and...
Trading at Oil Company vs. Bank
Currently looking into these two. What are the pro's/cons of trading oil/nat gas/power at a bank vs. big oil company, besides compensation? Tried search, but no direct answer.
GETCO algorithmic traders
Getco is currently accepting resumes for algorithmic traders. Surprisingly, it does not require a programming background although it's obviously recommended. Has anyone interviewed for this role? What does an algo trader at Getco do? They are also recruiting quants, who are the hardcore programmers....
Banking to S&T
Have a friend looking to switch from banking (Post first year analyst) to S&T . I know the transition from SA banking to FT trading has been discussed, but what about FT banking to FT trading?
E=MC^2
With everything in the world becoming more tech-driven, why does Wall Street continually recruit economics and finance majors? This is a question that has had me thinking alot lately because of the sheer stupidity of this decision. Everyone knows that banking is mostly grind-it-out, ass-kissing work...
EVERY ONE SIGN UP FOR CNBC CHALLENGE PLEASE
Hey http://milliondollar.cnbc.com/ It's the biggest, richest Million Dollar Portfolio Challenge ever! This is your chance to win a cool $1,000,000 a Maserati GranTurismo Convertible Sport and 10 Exotic One & Only and Atlantis Resort vacations. All you need to do is sign-in/register with a CNBC.com...
Trafigura graduate program
Trafigura, the giant commodities training firm, is hiring for its graduate programme. You do a 2-year rotation at either geneva, singapore, stamford, buenos aires. Wondering if anyone has interviewed with them. Curious to know what they're like.
How to best make use of my time as a trading analyst?
I joined a trading desk as a new analyst (2 year program) recently at a large BB . So the thing about my work is that it's very unstructured- there's no set jobs for me to do (i.e. if I want to do nothing and surf the Web all day, I could probably get away with it). Sometimes, traders ask me to do...
Move from Family Office
I am currently working as an associate at a top ranked family office and I am looking to move to a position that is more analytical. I am interested in moving into analyst position at a HF or a trading position on either sell-side of buy-side. Here are my questions: 1. How feasible is it to make the...
Age and trading.
So, I've been trying to find out more about how age is perceived in Trading. From my experience, Trading is probably the most meritocratic career in Finance but most graduates / analysts tend to be 22ish. I'm going to be a little older when I enter the industry, and if I decide to do a Masters, I'll...
Hedge Funds profit from Volcker
As the populist bore that is financial regulation continues to trudge along, we have early results of predictions most of us made months ago. As proprietary trading by the major investment banks winds down, hedge funds are set to pounce on the available glut of trading talent. In fact, the same...
Trading Vs. I-Banking
I think it’s important for us to be clear about the pros and cons of each of the two career paths and I’d like to consolidate some of the opinions that have been floating around about this topic on this thread. Here’s one impression I’ve gotten from speaking with people on both sides of the...
FX execution for pending orders
I just start trading with IBFX, but having some issues regarding their execution service. Since I’m still new in FX industry, I cannot be sure that IBFX’s execution is common for FX market. Some of my pending orders were canceled by the dealer although the price did hit the entry point. I...
What the fudge Goldman!?
I generally don't like to list things that make me mad. Otherwise, this server would crash quite often. There are certain times, however, that watershed moments occur and and action is needed. Little things make a big difference and considering the way the whole street mimics Goldman, pretty soon we...
Personal Trading while working - conflict
I have a personal trading account with a broker that my firm does not deal with. Compliance requires me to switch to a designated broker that's more expensive and less convenient for my needs. Can they find out if one doesn't mention this account? Can one get fired for not disclosing the account?...
Eagle Seven Trading
Is anyone familiar with Eagle Seven Trading in Chicago, IL? I was invited to meet with one of the partners there. If anyone can hook me up with some decent information on what to expect or some background info on the company and ppl who work there, I'd be very appreciative. I'll share some bananas!
Floored
http://www.babelgum.com/channels/180638/clips/500…
Traders in Canada
Hey all, I am looking to become a trader, power, equity, commodity any kind really (wanting to avoid 100% performance based prop trading). I have a degree in Economics and have completed my Canadian Securities Course. I have experience trading a personal equity account with a growth over 3 years...
Unexercised in the money?
Caveat: I just recently opened a personal trading account and am only playing long/short positions. My knowledge of options is limited. Why are there so many unexercised in-the-money options? I'm looking at the options chain for F500 companies and seeing both puts and calls that are in the money. I...
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