CFA® /IMC Trading own account ?
Is it true that if one has a CFA® they cannot trade their own account as there is a conflict of interest or unfair advantage over other retail traders?
Really?
Honestly, getting into hedge fund with no real trading experience will be difficult and retail trading just won't cut it. I mean trading at a hedge fund and trading at home on your personal account is just not even at the same level. Maybe... if you traded at a bank and you didn't suck and wanted to trade your own money and left but wanted to get back in the game or you worked at a reputable prop firm and was generating huge PnL. I mean I've seen guys at chop shops move into trading at blackrock (believe it or not) or even a reputable prop firm, but not so much moving into the sell side. If I were you, work your way up the ladder. Maybe apply to junior trader roles at a prop firm, summer internship at a bank, go to middle office and work your ass off and build relations with the front office and maybe get a shot, which I've seen this happened. Or if you have a good strategy, join a chop shop and trade and make a track record and join a firm like FNY Securities. I mean people who trade at banks even have a hard time moving into hedge funds, what makes you special?