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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... 8 months 1 week
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... 1 year 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 10 months
Technical question of the weekI figured it would be ok posting this as WSO doesn't actually a sell a S... 2 years 3 weeks
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,... 2 years 3 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 6 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 7 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 7 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 10 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... 3 years 2 weeks


Preview Freshness
A) for 3 people making 40m that sounds like a bit...A) for 3 people making 40m that sounds like a bit of a raw deal B) the 5% on bonus increase per year also sounds like a raw deal. As you said, you are essentially selling an option Overall, if you are adding value outside of just execution it does sound a bit strange. The biggest positive of... 16 hours 29 min
The fact that people still buy into organized...The fact that people still buy into organized religion is to me the most mind blowing thing on this planet. There are a lot of amazing things that my brain can't grasp, but the idea that people still preach from a 2000 year old book and use it as their moral compass is just too beyond my ability to... 16 hours 54 min
working on a desk at a bank means a specific...working on a desk at a bank means a specific product, in a market making capacity. YOu make prices for clients tha twant to trade and manage a book of risk that results from the market making activity. 1 month 11 hours
You should have the network at this point where...You should have the network at this point where you are close enough to people to hear of openings. This isnt an uncommon move, as the skillset is similar. 1 month 11 hours
Read up a bit more about early exercise. The...Read up a bit more about early exercise. The majority of time its better to just sell the option rather than to exercise as there is still time value left, otherwise if you exercise you just get the intrinsic value and leave the time value on the table. 1 month 2 days
Thats fairly obvious. As is the fact that my...Thats fairly obvious. As is the fact that my comment wasnt directly at him but more at the general question of "why this bank?" which i find useless. 1 month 2 weeks
Lets be honest, whoever asks "why XYZ bank" for...Lets be honest, whoever asks "why XYZ bank" for any BB SA interviews is a bit of a tool. The true answer is always "im applying to all of them and I will get picky when i have more than 1 offer" 1 month 2 weeks
how much time do you have before the interview, much time do you have before the interview, my answer heavily depends on that variable 1 month 2 weeks
I would have thought most would be still on going...I would have thought most would be still on going. 1 month 2 weeks
Id expand on IP's points, his general idea being...Id expand on IP's points, his general idea being that a lot of trading desks on the sell side are not actually fantastic transition points to being a portfolio manager on the buy side. This is obviously a bit of a generalization. For example if you are on a macro desk then you can transition to a... 1 month 2 weeks
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