What is the "Greenest Field" within trading. I am a College Student about to accept a lumber trading job.
I am about to accept an offer from a commodity brokerage company that specializes in lumber trading. Ive shown my boss at Morgan my contract, he says it is as legit as they could offer. My question what are the "greener fields" within trading. Lumber trading isn't sexy (Besides trading plywood during hurricane season) but it is profitable (the best traders make well over a million a year). Im talking to the CEO of an oil trading company in the morning, but that is only one other field in wide trading world. That is why **I want to hear from you, the experienced trading monkeys. **
My backstory....
I am a student at a good school with good grades and an internship at Morgan Stanley in Wealth Management. I am in trading because it fits me best. I am highly analytical, interpersonal and tough. They like me for the following reasons....
- Drive: I became an orphan at 16, taken in and raised by my "Big Brother" in the Big Brother Big Sister Program. My life goal is to put my adoptive parents into early retirement.
- Service: I'm a big now and I speak on behalf of the "BBBS" program to boards of directors, investors and companies.
- Self-starting: I started my own Textbook Brokerage business. We do about $80,000 in revenue and I profit about $15,000 a year, and growing rapidly.
- Competitive: Ive been playing rugby since I was 15.
-Leadership experience: I was the president of the inter-fraternity council, a leader in an Angel Investment Group (first of its kind in the U.S.) - Work ethic: Ive worked nearly full time non stop since I was 13. I will be graduating with nearly no debt.
This job I've been offered starts at $45k and I could be making 6 figures in a year or two and 7 down the road. Its also only expected for me to work 40-50 hrs a week and they will give me time off to run my side business. (of course I am going to work my ass off for them, but I am glad the bar is not set at 100 hours a week)
I am interested to see if there are "Greener fields". Should I accept this job or should I start my career in a better field. I am very good at networking and fairly confident I can get my foot into most doors.
I call bullsh*t on work ethics: minimum allowed age to work in US is 14 and the hours are limited while you are under 16. As for the general "I started working since 1...", in my country anyone who is not making a dime after 15 is a lazy a**hole, so no big deal here. I can't believe you pulled out the orphan card, really Andrew? You play rugby? Nice, do you have a playstation? If the textbook business is legit then this is a plus.
There are better jobs in BB ST, in quant prop firms, hedgefunds etc. Depend on what kind of trading you want to do. I would advice you to learn math, stats, programming and perhaps machine learning, if you want to do short term stuff.
"I could be making 6 figures in a year or two and 7 down the road." - coulda shoulda woulda, how do you expect them to hire you for 45k? By providing high expectations.
Thank you for the response. Looking back, I am a douche. Thank you for putting me in my place. I needed that.
I am just going to put my head down and work my ass off. I am lucky to have an outlet where I can work my ass off. About my "bullshit" work ethic. I start this job in a few weeks. This is my opportunity to either prove you right or wrong.
Key take away, I needed that humility. I posted this back when I was stressed. I think when I am stressed, my ego compensates for my insecurity.
Id like to learn more about coding, I've taken classes but I can't say I am even a rookie coder. Do you have any suggestion for where I could start?
1) edx.org, the course "Introduction to Computer Science and Programming Using Python" will give you a good foundation about Python and OOP. 2) coursera.org, the course "Computational Investing, Part 1" will give you a good intro in to the libraries needed to analyze data. 3) After you're ok with Python and If you already know stats you can continues with Machine Learning course from Andy Ng on coursera. 4) Then you can get really hardcore and compete on Kaggle.
The more tangible skills you will posses the better. Also good results in data science competitions helps a lot.
physical commodities has a lot of sales skills necessary. if you are already good at sales, you should be trying to get into software sales- guy who worked in renewable fuels trading PM me if you want a more detailed response
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