Paper Trading profit, something to put on my resume?
Hello all, landed my s&t summer analyst role for commodities a while back. On my resume I included a regression analysis for power burn of nat gas, created a forecast from that and took a position on a contract. I placed my trade on a simulator and have been watching it. I got interested and started paper trading other commodities futures based off of major pieces of news I’ve read and other regression analysis I have built. I trade futures contracts and each trade is only 1 contract in size ($1 movement in wti or Brent = $1,000 & $0.10 movement in nat gas = $1,000. I have taken 5 position, 3 with realized p&l of $15,000 and I have 2 with an unrealized p&l of $6,000. Is this reputable and worthy to have on my resume? I can explain my regression analysis and fundamental reasoning for every position I entered/ exited.
From suggestions based on convos with people in the industry and my personal experience,I would only ever put trading profits/ paper trading profits on a resume if it was done through a competition sponsored or hosted by a reputable institution(major company or reputable university). If that is the case, be prepared to get GRILLED by interviewers.
I would not suggest putting anything related to trading profits on a resume for the most part outside of the example above.
Appreciate the insight. When I was interviewing for s&t and physical internships the vast majority of people really liked to hear about my regression analysis, the variables I used, what changes I would make etc. Would it be better to just have all my regression analyses on there and leave out my p&l from trading off of fundies? And then I was thinking when asked I could talk about if this investment was made the profit or loss would be X, and then I can talk about whether I was right or wrong and what I learned from it
Yea the regression analysis is what’s more important anyways. Would leave that on your resume and make sure you know the ins and outs of that. Honestly most people in the industry are just tired or turned off by resumes with P&L claims because you see it so often where some cocky kid who doesn’t know anything claims to be some up and coming hot shot trader due to some lucky trade they made on a paper account when in reality 99.9% of times it was sheer luck.
Yeah I think that is a very good point. I want to come across as ambitious and a self starter but I know that can go horribly wrong and people can see it as cocky. I talked to my professor about this earlier today and he said it’s great where I’m at, continue doing what you’re doing and see if you can stay consistent in the long run. I’m just starting out so there is an unbelievable amount of learning to be done, we’ll see what I can do!
definitely give ur regressions a couple of lines on your resume. put it under something like the "projects" section. as you have experienced, its a great talking point and something youll do on the job
Awesome, I’ll go ahead and do this. Thanks for the insight
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