Macro trading ideas with top PM
Hi guys -
TLDR; For a complete noob to markets / trading, what would you reccomend I start doing to bang out some investment ideas? I'm a trading / finance noob but my mentor asked me to start coming up with trading ideas that he'll go over with me every week to help me learn how to invest.
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I applied to speak with a hotshot alum visiting campus next week and was 1 of 3 kids who'll be mentored by him. He's a PM with one of the top 5 mid-sized HFs according to Bloomberg rankings. The particular fund he runs has generated some of the highest returns within their strategy focus for the period since 2008.
He asked me to send in my best macro trading ideas - and that he will be expecting new or improved ideas every week that we'll discuss together. The problem is I don't know much about the markets. I study a STEM major and had experience in consulting and PE, but nothing related to trading or HFs.
he's already made it clear that he's not really expecting much but I don't want to waste this opportunity. For a complete noob to global markets / trading, what would you reccomend I start doing to bang out some macro investment ideas?
Do you have access to Bloomberg/Reuters?
None. However, it's possible to request data from my mentor but I would obviously need a good reason for him to do that for me.
That's a small problem then, actively following the market without either of them is a pain in the ass. I'm assuming he is into FICC-products? A good way to share and get new ideas are trading forums, people tend to publish their trade ideas and generally you get fairly good arguments for the ideas.
For FX I would head to http://www.babypips.com/, go through their "School", it gives a fast basic understanding to trading FX. Then head to the forums and start sparring with the others. I bet there are similar forums to commodities and fixed income as well.
You can also subscribe to various banks' morning/weekly/monthly reviews, reading them is always good for understanding the markets. After you get the basics, you can start developing advanced ideas based on your own assumptions, but this tends to take a bit of time to think rationally outside the consensus.
By the way, nail this shit and leave consulting behind!
http://www.filedropper.com/briefeconewsletter201210101 http://www.filedropper.com/briefecoeconomist201210102
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