Trading Internship - HS and College to do an internship
Hi guys!
Is it possible for a person between HS and College to do a trading internship (small to medium firms, ofcourse. Big firms are out of question) ?
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Honestly id learn to trade for yourself instead of being someone's b!tch at a firm, which is all you'd be anyway since youre not even in college. Get a trading platform (TOS is free and really nice), follow some technical analysis online, get a few books (day trading for dummies, or just type trading into amazon search).
Dont use real money at first, youre gonna get killed. Google for a trading simulator, sign up and invest some paper money into whatever you like. You can do the same for trading (short term 'investments') vs a longer term one.
So yes, it might be possible in the rare case a firm would take you, but itd be only to take advantage of you. Youre much better off doing something on your own, and plus you still have a bunch of years to build up your CV, so don't worry too much about it just yet.
There is 0 relationship between what a retail trader does and what somebody at a respected BB S&T or prop firm does.
First of all, while you aren't exactly trading the same things (US equities & FX most common for the home daytrader) or in the same way (momo, earnings plays), youre naive to think the toolsets don't combine to form training in each respective case.
Now, sticking with still a completely junior intern trading position - what do you think they'll most commonly deal with? FI swaptions and Euribor trades, or just some blue chips they have to analyze and spot trends in?
My response to the OP was in context of what he'd most probably be focused on in a very junior trading position. Unless you have prior experience/knowledge of the particular asset class, no desk is gonna sit you and ask to trade products you know nothing about. So having a small background of how stocks trade and dealing with the most common trading class WOULD in fact be beneficial for him.
it is possible
jane street capital is known for only taking people based on merit, they don't give a shit what year or school you're from, so if you are one of those math genius types, try them
thanks zeropower.
Does being a trader require any skills one would learn in university/college? (sorry, please excuse my cluelessness)
anything is possible with networking. probable? no.
WSO Community,
koning,
Excuse my ignorance in finding your thread a bit comical. I understand you must be around the age of 17-18, someone who lacks the knowledge of someone who is 21, 30, 40+ years old but still that is not a valid excuse. Are you sure you want to be a trader? What do you think traders do? Your "carelessness" is a representative of your ignorance to the trading industry.
The main question that might shed some light is how long have you decided that you wanted to be a trader? I admire your ambition to get a foot hold into the industry lack of your age. I am a firm believer that you can never start too early to iron out your career. Remember, if your seriously thinking about a internship before college out of High School, you have a lot to "prove" to the firm that you are worth your sand. Your age is against you already but its not the deciding factor, you are fighting an uphill battle.
Yes consider zeropower's consideration about learning to trade yourself, that will show firms that you are serious and plus it will allow you to know if you really want to be a trader. You have to remember something, there so many financial products you can trade, then there are so many time frames you can trade them in, and to top it off there are so many ways to trade that product in that time frame...
I wish trading was as easy as picking up a few books then instantly being profitable, but its tough work that will challenge the soul of who you are as a person. I hope you find the information your looking for in this post.
-Ucoa
^ Im sorry to have offended you and your super-baller firm which apparently is way ahead of the curve and only deals with penny stocks.
Seriously guys, this is the problem with the site, fking dipshts who think theyre better than everyone and cant contribute logically to a thread so proceed on their elitist high-horse.
HAHAHA this is actually hilarious, you really have no clue what BB S&T is all about. Do you really think someone hired to a swaptions desk is going to spend time charting blue chips?
Not only are you seriously wrong, you don't realize that jerome marrow knows what hes talking about and that he actually does add to a thread because he uncovers ppl who dont know jack like you.
Better than everyone? More elite? I don't think you understand what these trading firms and S&T divisions do because it isn't close to anything you have said. They certainly are not charting blue chip stocks to try and find some buy/sell signals.... that is just bafflingly silly.
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