Having stock ideas for Trading Interviews?
For trading interviews if you're going to be working closely with the traders to back-test trades, do you need to have researched stocks? ie. fundamentally looking at one and basically pitching them to your interviewers or for traders, they don't care about these pitches, since they're going to be strictly looking at past market movements or technical analysis?
Not so sure how one would prepare for trading interviews besides knowing some prices of the commodities (if commodities desk)
Interested in this as well.
I say this quite a bit but formula for success for interviews in trading is simple:
fit + brainteasers + market awareness + technicals = job offer
Therefore in terms of prep you need to focus on each of them
In terms of the stock pitch, a stock pitch request may come from anyone really because its a simple way to see if people are following the markets, and the answer can usually seperate people. If this is for commods its much more likely that you will be asked a trade idea in that product space. This might help a bit: http://www.leveredhedge.com/articles/interview-articles/how-to-generate…
There was also a great thread about fundamental stock pitches a while back.
I had two assessment centres and I got asked in both to pitch a stock.
For every interview I usually have 2 or 3 ideas (in my preferred sectors); I make sure I know their price, 52 week spread, Market Cap, Number of shares and their P/E (or Earnings) ratio, at the very least.
Then I make sure I know their fundamentals inside out. I'll also take a look at their charts and see if there are any obvious trends, any support/resistance levels that would be known to anyone who had been following the stock/markets for longer than a month.
derivstrading has got it spot on. It's an easy thing to test and if the interviewee knows their onions then it can be turned into a longer discussion about "why that stock", "whats happening to that sector in the next few months", etc
It gives an insight into "how you think", which is what they care about the most.
As a starting point, I would find out the prices of a few choice commodities and then start looking at forecasts for demand and supply for those particular commodities.
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