The age definately plays a huge difference. I was assuming they were recruiting through OCR and were going to use their trading history as a demonstration of trading ability. In this case the chances drop significantly, but not to zero. There is still a chance that other factors play a role i.e. networking/connections, etc.

 

You can apply and see what happens, but again having connections is key. Go and check your undergrad's alumni database, do you know anyother traders? maybe they know someone. Connections make the process easier because places look at so many resumes that the ones with connections get looked at first.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
Best Response

What a funny message.

If your “supposed” friend really made 200,000% in 12 years, why would he want to work for a BB?

Using simple numbers, 200,000% over 12 years is a lot of money…over the tune of $20Mn+ with a $10K initial investment and much more if money was reinvested or if additional capital was put into play. There is almost no way your friend as a day trader or investor would ever want to settle for anything less than a MD level which would be impossible at a BB without any type of professional experience.

So if your “friend” at 31 really did do that, why would he want to work for a bank? Why not just hire an IR team and start his own hedge fund? Better yet your “friend” who has a recordable track record should be able to borrow from friends and family if he/she was so good.

At the end of the day, self trading means nothing. Trading small amounts of capital personally means very little compared to trading large amounts of institution capital.

The concept of investing or trading success is much harder with larger amounts of capital.

We have a full time analyst who started last year here who made around one million self trading since he was 16 from a 10K initial investment. It was a good talking point in the interview and the hire ups were impressed by this feat.

However, the reason he works here is because he came from Harvard with a good holistic background with experience and presentation.

That’s just the sad truth.

Good luck to your “friend.” This post made my day.

 

If your friend is too stupid to put some of his money into safer investments, I don't see why a bank would hire him.

If he really is good, he should find another 10K and make those 20 millions again.

 

Dolores ab non et perferendis. Rerum deleniti ratione reiciendis sunt impedit et repudiandae. Delectus illo harum impedit id expedita quia modi non. Quia temporibus soluta illo libero eum rerum.

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