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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... 1 month 3 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... 5 months 3 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 3 months
Technical question of the weekI figured it would be ok posting this as WSO doesn't actually a sell a S... 1 year 5 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 8 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... 1 year 11 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 6 hours
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 1 week
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 3 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 5 months


Preview Freshness
Networking with traders2 keys, read up on the product, news affecting the product, news affecting markets in general etc. The tip above to have 30 questions is quite good, although id say try to prepare 30 questions taht cant easily be googled. The second part is to be a fun dude to be around. Cant really be taught... 3 days 14 hours
S&T Analyst BonusesIve been away from the sell side for too long to comment with exact figures, but i will say that it heavily depends on how well the broader department/firm did rather than your desk and your performance. A lot of times theres just a flat rate across all S... 5 days 9 hours
Which major for trading?[quote="PP34"]If you really want to study just for a career in S&T, go with one that makes you good at coding. That makes computer science and engineering especially attractive, and it shows on how many new hires have this type of background. With that said, people in S&T have wide range... 1 week 3 days
Conversation with an Equities Sales TraderLol at a cash equities sales person saying quantitative ability doesnt differ among S/ST/T. I think that alone shows the delusion of STs... 1 week 3 days
US vs. UK vs. Asia - starting out in S&TI can second SpaceMarine, there are tons of kids that intern between final year of undergraduate and the masters program. 1 week 5 days
Which major for trading?major lols at choosing a major for probability brainteasers. For the original question, depends what trading route you are thinking. People on here act like compsci is the be all end all for trading. For BBs its really not. Now dont get me wrong I think its a very useful major in general, but id... 1 week 5 days
Starting to Golf from ScratchWarning, you will get hooked. I dont think there is a finance guy ive met that plays that didnt at some point go through a stage where all he thought about was lowering his handicap. Its inevitable and will ruin relationships at some point, but then again there isnt anything like hitting a flush... 2 weeks 1 day
Options Delta Neutral Strategies[quote="caeruleus"]IMO, the kid is confused about realized vs implied volatility. If you're long gamma, you profit when realized volatility(actual movement) is big. If you're long vega, you profit when implied volatility rise.[/quote] And that brings us to one point of vol trading a surprising... 2 weeks 2 days
Options Delta Neutral Strategies[quote="caeruleus"]What are some of the gamma neutral positions that have theta? I can't think of any. If there's any, I'd trade it all day to collect theta.[/quote] The effect is local and you have to assume some form of correlation between spot and implied vol. Not really something tradeable,... 2 weeks 2 days
Options Delta Neutral StrategiesTrading a 1 week option versus 1 year option isnt gamma neutral 2 weeks 4 days