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AMA Discretionary Hedge Fund TraderI did one of these before a couple years back when i was on the sellside, and figured why not do another one since these threads seem to get a lot of traction and provide a lot of useful info for kids. My background: -Discretionary trader at a large hedge fund, focusing on credit and... 4 months 4 days
Looking to fund start up projectsEssentially, along with a friend we are allocating some funds towards finding early seed start up ventures. For the past couple of years we have made ad-hoc investments via various crowd funding platforms. After a couple successes we decided that it would be worth it to try and source our own... 8 months 4 weeks
Playing Bethpage Black this SummerWanted to reach out to people on the site. I will be spending some time in NYC late July this year. One thing I have really wanted to do is play Bethpage black, but obviously have heard things about getting on. Wanted to see if anybody on the site has had experience getting on, how early do you... 1 year 6 months
Technical question of the weekI figured it would be ok posting this as WSO doesn't actually a sell a S... 1 year 8 months
Q&A: Ask me anything, former BB traderI did one of these in the past but I think it fizzled out, mainly because i was travelling at the time so didnt really find the time to reply. Saw that a couple of these have generated interest so figured will give it another shot now that I can reply more regularly. Background: Non target,... 1 year 11 months
Day in the Life of an Options Trader5:45 – early rise, whichever desk you end up on you are most likely going to be waking up around this time. Adjust your sleeping habits accordingly or suffer for most of the day. 6:30 – Arrive on the desk, market opens in 90 minutes so its really a countdown from here. 20 minutes is spent just... 2 years 2 months
Goldman or Bust?Over the past week I have been getting a flood of pm's/emails asking for advice, and I have chatted with some of you over Skype as well in prep for interviews, and one theme keeps coming up that really boggles my mind and in a way really annoys me. This idea of Goldman or bust. I am not going to... 2 years 3 months
Ask Me Anything: BB Equity Derivatives TraderSo since most interns are about to start their summer programs or are in the first couple of weeks, I thought I would open a forum for anyone to ask their any questions/worries they might have. I can only reply in the context of trading/sales internships but i'm sure others can chime in with their... 2 years 3 months
Do's and Dont's as a Trading InternJust some advice as we are getting a bit closer to intern season. Hopefully people will start adding more in the comments, I wanted to stay away from the obvious ones. The Do Not’s 1) Do not screw up a lunch order: I know, this is quite obvious, but I can’t stress enough the importance of... 2 years 6 months
Ask a Sellside Options TraderSo i have been on this forum for a while, and recently i have been bombarded with personal emails asking me questions about the industry, trading, breaking in, interviews etc, so i wanted to open the discussion as these types of thread seem to be very informative, and it will allow me to respond to... 2 years 8 months


Preview Freshness
Again, you are disregarding debt...Again, you are disregarding debt... 2 days 19 hours
Not quite sure what the point of the twitter...Not quite sure what the point of the twitter comparison is, equity value is just that: equity, enterprise value is a much better measure if we are going to be comparing. Also Glencore is a bull market business. SHouldnt be shocking how much of "genius" is actally just being levered long a bull... 4 days 17 hours
In London at least age isnt really that big of a...In London at least age isnt really that big of a deal, tons of french kids that do a lot of schooling come in their mid 20's. However, how did you get to 27 without work experience? Thats a big red flag 4 days 17 hours
Note that a lot of what college kids call "exit...Note that a lot of what college kids call "exit opps", in reality is an organic process that develops over time via the skills and network you develop. Trust me, people move across roles, products, industries all the time. A lot of IB recruiting mentality puts students in these boxes that you think... 5 days 17 hours
Also, I dont reallly understand why kids are...Also, I dont reallly understand why kids are debating between IBD and S... 1 week 2 days
bigblue3908: What is the rationale that...[quote="bigblue3908"]What is the rationale that regulation will loosen up again (in the near-mid term horizon i.e. not multiple decades)? I don't know if I buy that (who knows really) and I could make the argument that if you find a seat in equities you will be safer over the next 5 years than FICC... 1 week 2 days
Valzer: Damn it. I don't have a subscription to...[quote="Valzer"]Damn it. I don't have a subscription to WSJ.[/quote] You might be the only person the world that doesnt know the "paste the article title into google trick" 1 week 3 days
A lot of misinformation in this thread, just to...A lot of misinformation in this thread, just to clear things up: -Sellside trading desk still have inventory risk to manage, its not just execution (maybe on pure cash desks thats the case) but with anything derivatives based there will be inventory. However, inventory levels kept are much much... 1 week 4 days
Im going to echo/expand on millhouse's points....Im going to echo/expand on millhouse's points. Its still great as a first job because a) it does carry prestige both in terms of trading and the BB name on the CV. Getting a job in FO at a top BB gives future employers/schools a solid reference b) you will learn how to deal under pressure, think... 1 week 5 days
So my advice might be a bit more applicable if...So my advice might be a bit more applicable if you have weeks/months rather than a week, but I always preach a three pronged approach to interview prep: 1) News and current events: essentially following the markets. Note that this cant really be built up over a week, you should be passively... 1 week 6 days
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