The Leverage Academy for S&T?
I have heard a lot about the training programs for Investment Banking and Financial Modeling but really nothing about training for trading. I know there is always paper trading but im thinking more along the lines of programs similar to the ones for IB only for Trading.
I saw that the Leverage Academy has a Program for Trading for $650 for 6 weeks; does anybody have any experience or familiarity with this program...or any others?
No experience with it, but most of what you need to learn you can learn from getting a couple of books, firing up excel and just working things out, building pricers, risk managers etc.
Would you happen to have any suggestions on books or materials that I could use to get myself started?
What sort of prior knowledge do you have? What area are you most interested?
I do not have any experience outside of an investopedia account. I am most interested in equities and equity options trading.
This is a general reading list:
General Overview: Options, Futures and other Derivatives - Hull Options: Option Trading - Euan Sinclair (better than Natenberg) Repo Trading: Introduction to Repo Trading - Choudhry CDS: The CDS Basis - Choudhry Bonds: An Introduction to Bond Markets - Choudhry Exotics: Dynamic Hedging - Taleb IR Swaps: Understanding Swaps - Marshall
The most important thing is that you dont just read the book, but then work with the stuff you learned. Ie if you read an options book, create a spreadsheet that allows you to input info about a strategy (ie butterfly) and it displays your greeks (delta, gamma, theta, vega, ddeltadtime, dvegadvol etc) and the go through various scenarios and think about why changes occur in each of the greeks (ie put in a skew structure and see what happens to the delta of a call)
If you have a hard time finding somethign to build or want some direction, PM me after you read about something and I can set you a task to work on, and then review what you have done.
Leverage Academy (Originally Posted: 03/13/2010)
Does anyone know anything about the Leverage Academy? http://leverageacademy.com/
I'm currently a sophomore and have had a tough time finding any internships in IBD for the summer, although I am currently interviewing with a couple non-IBD financial firms. I'm definitely interested in taking the M&A class there this summer but want to know how helpful that may be in IBD recruiting for the summer after junior year.
Thanks
Not to jack the thread derivs, but this is the first time I've heard someone recommend a book OTHER than natenberg for options...just curious as to the reasoning (as I'm in the process of reading natenberg at the moment)
Natenberg is considered a classic, but there are some topics that are not presented in Natenberg that are found in Sinclair's book (ie delta hedging breakeven vols) and I find that Sinclair's book is easier to follow along.
In the end it comes down to preference, and Natenberg has some stuff that Sinclair doesn't. In the end, having read both I prefer Sinclair. On the other hand if I could only choose one then maybe I would choose Natenberg because it has a lot of info on position analysis that Sinclair doesn't.
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