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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... 3 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... 7 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 5 months
Technical question of the weekI figured it would be ok posting this as WSO doesn't actually a sell a S... 1 year 7 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 10 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 1 month
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 2 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 2 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 5 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 7 months

Comments

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There is a huge spectrum for a lot of the stuff...There is a huge spectrum for a lot of the stuff you are asking about, so I will try and generalize a bit so keep that in mind. Prop shops in general are smaller and more nimble, and try to extract nickels from all over the place due to inefficiencies (some do it with statistical models, some... 1 week 18 hours
Do you just need to track spreads overall? could...Do you just need to track spreads overall? could just follow the CDX indices in US and Itraxx in Europe... 1 week 18 hours
Yea i am not sure where the first person got the...Yea i am not sure where the first person got the "very coveted" from. I tend to agree with the poster above me, in my head they are more like new issue sales people. I think the job sort of comes down to pricign something so that it performs well (so that the end investors are happy) but not too... 1 week 19 hours
Take 35 guys investing in stocks in an index, 1...Take 35 guys investing in stocks in an index, 1 is bound to make money if some stocks are up on the year (and 4.8% is no homerun on an absolute basis, only relative). Also cant imagine his sharpe looks great.... 2 weeks 23 hours
I wouldnt say it matters much in terms of...I wouldnt say it matters much in terms of employability. Thinking like an engineer might be more helpful in terms of practicality and as you say probably more employable in general. 2 weeks 4 days
It would be interesting to hear more about this...It would be interesting to hear more about this strategy. Whenever I hear someone say they are getting consistent returns using options there are alarm bells, especially in what has largely been a one way market. I know tons of guys that make a killing PA for years and then give it all back in the... 3 weeks 1 day
From what ive heard from a friend JPM isnt doing...From what ive heard from a friend JPM isnt doing horribly, but could be wrong. 3 weeks 1 day
My 2 cents is that anything sales based is what...My 2 cents is that anything sales based is what it says on the tin: sales. In the more complex products you will learn a bit about the products, but at the end of the day, you are a salesman, and your job is to get people to trade with you. Its a perfect role for some, but kids who think that its... 1 month 1 day
As long as its pure wool and fairly traditional (...As long as its pure wool and fairly traditional (i.e. none of thos skinny lapels from shops like H&M) and you take it to a tailor to get it properly fitted then go as cheap as you want 1 month 4 days
For brainteasers, I have found Heard on the...For brainteasers, I have found Heard on the Street to be very comprehensive. Also find a mental math calculator game online and practice it 15 minutes ever day. YOu dont need to be a wizard but with brainteasers/mental math, but you dont want to be stumped. The thing with brainteasers, once you... 1 month 1 week