Personal Trading

What personal trading restrictions are there within ER? I get not trading anything within your sector but what about futures? I have done pretty well day trading futures on the side

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Class of '25 Nov 2026 Cohort

5.00/5

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“Chris was very easy to talk to and made the session feel relaxed and genuinely useful. He gave me clear, actionable tasks that I can go away and work on straight away to expand my network. I hope to reconvene with him at a later date to discuss the progress I have made and get his feedback on the work I have been doing.”

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“Craig gave me a really clear picture of how sell-side equity research actually works. The biggest takeaway was that research is a service business built on trust, not on picking stocks, and that analysts are paid on rankings rather than on whether a call is right. He was honest that even a 60% hit rate is excellent, and that it matters more to understand where you went wrong than where you were right. I also liked his point about not being “unintelligently wrong”: own the mistake and explain it well. On the practical side, he told me to start now by running a blog, posting on Seeking Alpha, using Koyfin as a cheap Bloomberg alternative, and using AI to draft commentary so I have more time to think deeply and explore other sectors. He also explained that research recruiting is much more targeted than IB, since sector teams are fairly autonomous, so I should reach out to senior analysts in specific sectors and recommend based on fit. His own path from no finance background, through China, to Wharton was encouraging. My one suggestion would be a quick walkthrough of what a strong first report looks like beyond the core pieces (recommendation, risks, summary, price target).”

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3 Comments

MuscularMonkey

HF

3y

It requires pre approval from compliance and at some firms a minimum holding period (30, 60, 90 days, etc.)

Usually it’s just single stocks in your sector/coverage that are the issue, not ETFs, Futures, etc.

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Authored by: Certified Hedge Fund Professional - 1st Year AnalystCertified Hedge Fund Pro

nutmegger189

NP

3y

I know of several banks which do not allow you trade derivatives at all.

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HF

Principal in HF - Other

2mo

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Personal Trading

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Personal Trading

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