Fired because of others underperformance

not sure if anyone’s in the space of oil but I’m in 1 of the companies where an entire business unit was let go worldwide (think ops, schedulers, middle office, analysts) across continents im a prop trader and was actually net up but against their losses it was too great and it took me down as well im asking if its normal to share my tradePNL performance breakdown and full disclosure under this circumstance with selected interested parties? I haven’t been looking around and was doing very well myself so not sure what’s the expectation in interviews to come especially after a disaster like this

so this came as a surprise to me overall and I was hoping this in a way allows me to redeem myself where in an environment where stigma exists especially where no one really has done well in the oil space any guidance appreciated

2 Comments
 

Based on the most helpful WSO content, here are some insights and guidance for your situation:

  1. Sharing Trade PNL Performance:

    • It is generally advisable to share your trade PNL performance breakdown and provide full disclosure, especially if you were net up. This can help demonstrate your individual performance and separate your success from the overall underperformance of the business unit.
    • Be prepared to discuss your specific contributions and how you managed to stay profitable despite the broader challenges faced by your team.
  2. Interview Expectations:

    • In interviews, focus on your personal achievements and the strategies you employed to generate positive PNL. Highlight your ability to navigate difficult market conditions and your resilience in the face of broader team underperformance.
    • Be honest but strategic about the circumstances that led to your departure. Emphasize that your individual performance was strong and that the decision to let go of the entire business unit was beyond your control.
  3. Addressing the Stigma:

    • Acknowledge the challenges in the oil space and the broader market conditions that have affected many in the industry. This shows awareness and realism.
    • Use this as an opportunity to showcase your adaptability and readiness to contribute positively in a new environment. Emphasize your learning experiences and how they have prepared you for future success.
  4. General Advice:

    • When discussing your previous role, focus on the skills and knowledge you gained, such as understanding the trade lifecycle, risk management, and market analysis.
    • Be prepared to answer questions about how you plan to apply these skills in a new role and how you can add value to a potential employer.

For more detailed discussions and advice, you can refer to the following threads on WSO: - https://www.wallstreetoasis.com/forum/trading/qa-physical-oil-trading?c…</a">Q&A: Physical Oil Trading - https://www.wallstreetoasis.com/forum/trading/how-to-explain-large-trad…</a">How to Explain Large Trading Loss in Interview

Good luck with your interviews and future endeavors!

Sources: Q&A: Physical Oil Trading, How to Explain Large Trading Loss in Interview, Q&A: Physical Oil Trading, What to pay attention to when signing a contract?, Q&amp;A: Non-Target School to Portfolio Manager at a Top Hedge Fund – 6 Years Out of Undergrad

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