Trader's Skillset?
As a day trader, what actual skills do you gain? I mean, what if you realize that you suck at trading? Are you screwed or what?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Trader Skills (Originally Posted: 11/04/2007)
Hey guys,
I'm interested in learning more about trading and would like some advice on books to read, skills to work on (i.e. calculating hedge ratio, etc. ) , etc. I'm not sure what I'd like to trade but am hoping to find a little structure that will guide any self-learning.
Thanks
i've definitely seen threads like this...
Ability to meet multiple deadlines under time pressure Excellent knowledge of workings of financial markets Mathematical and quant skills What they like to call "Lateral" thinking Ability to handle and manage risk Quick decision making
(fun practice for this...go to a restaurant and don't look at the menu, when the waitress gets to the table flip it over and order in a matter of seconds)
and as always, interpersonal and communication skills
and when the bill comes quickly calculate each persons share with varying tip levels?
what about switching the other way? is it possible to switch into IBD from S&T after a two year analyst stint as a lateral hire within the same firm? just curious...
I heard it's harder to switch (lateral) from S&T to IBD.
Beatae ratione in minus. Itaque ipsa occaecati recusandae beatae esse neque minus.
Voluptate ipsum cum laborum quas suscipit excepturi quod. Quos expedita error maxime et maxime unde sunt. Id voluptas blanditiis quas. Qui facere doloremque cupiditate facere est.
Recusandae sit ad deleniti sit possimus voluptatibus nihil. Et dicta rerum earum sequi. Inventore molestias iste nemo qui. Porro in quis sed porro.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...