Hello WSO First time poster. I'm currently a finance undergrad in Dallas and have been trading crude oil futures for a few years now. I've managed to make some solid returns (50k last year trading 1-3 contracts). I'm working on landing an internship at an investment bank. How can I leverage my trading experience in an ib interview?
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No one cares about your returns. Best shot is energy IBD in Houston
The only way you can leverage it is the extent to which it shows your interest in finance. Fact is, its costly and time consuming to verify your returns, so everyone will take what you say with a grain of salt. Also, trading on a personal account is nowhere the the same as trading in an institutional setting.
Also, don't go around saying you're a "day trader looking for a job." People will think you're either a shyster or a jackass.
Second the jackass.
Sounds like I should tread lightly with this and just focus on relevant experiences. Should I even put it on my resume?
it would be great to mention in something like this for a "why finance question". I've stumbled upon XYZ, and began trading stocks for the next x years. Really fell in love with finance but I was looking for something different .... tie into IB.
Not phrased perfectly, but you get the idea.
No offense to your performance, but I doubt many in the oil and gas industry will be blown away by your results. Going long most energy products LTM Would net decent returns.
If you were trading off of macro analysis and pricing, that might be an interesting conversation to an energy banker. If you're trading volatility minute by minute you're likely to get blank stares.
None taken. My approach is strictly technical too which I realize has nothing to do with IB. My thought process was more along the lines of... It's taken a lot of time and effort on my part and that shows my interest in finance and my willingness to invest time in myself. or some shit like that.
You've never traded crude oil, it's a beast. That being said, most of the people he's in front of won't have either. The challenge is how to strike the right balance between downplaying it and speaking about it intelligently.
.
All about the momentum on that product. I think it's really cool what you've been able to do. Just be careful.
Ain't that the truth. I consider myself a risk manager before trader. I've blown accounts in the past, won't let it happen again.
you should connect with ArcherVice he's a cool guy
You have to be for CL. The amount of movement it can make out of the blue is substantial.
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