Choosing between physical and paper
For the past few years, I have worked hard in a top physical shop to attain the coveted trader role. I recently received the opportunity to take a trader spot in a base metal (not sure if the specific metal is relevant) which was very surprising given that I'm surrounded by very bright analysts who I know were also fighting for a trader role.
But because I didn't expect the opportunity, I was interviewing with other shops, including a few hedge funds that liked my physical background. One of those funds reached out and offered to take me on board as a trader. While I spent my career in physical so far, spec trading seems far more financially rewarding and more meritocratic.
I'm leaning towards physical because I don't want to fool myself and think I'm a great spec trader and burn out but looking forward to any advice from the experienced on this forum.
Junior Trader in S&T - Comm, have you checked out these or run a search:
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
I would say keep on physical track because you would be agnostic to price changes rather than timing the drop and shorting at a hedge fund.
Very hot job market and pretty common situation.
Comes down to; the level of interest in trading the physical product, your view of the S/D of the physical product next 2-3 years, are you more quantitative/qualitative, are you more data driven or enjoy the social aspects of physical commodities.
Also, as a financial trader who started physical, both styles of traders can be directional or managers or theta risk.
Would be interested in hearing your career path on how you started at physical and ended up being a pure financial trader?
Nobis omnis itaque voluptatem omnis cupiditate. Alias vel et nam.
Iste porro deleniti officiis quod. Tempora vel distinctio sed fuga dolores libero quo. Excepturi exercitationem repellat facilis quo omnis tempore nesciunt harum. Eos culpa nulla debitis quia. Aliquid sit vero est fuga. Soluta dolores iusto sunt ut odio ratione perspiciatis. Eum voluptatum iste ipsa quibusdam est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...