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Question: Buying and selling the same stock over and over again
I have a question: For about a year now, I have been paper trading, starting from 3000 USD and I'm now at roughly 50.000 USD. Most of that money was acquired through buying and selling a few different stocks, for example SNDL and most recently TNXP. On average I made around 100 trades in a day (I...
Does forex trading really work?
Hello everyone, I see people on instagram bragging about how trading is turning their lives around basically acting as finance gurus teaching you how you should live your life. Most of them don't have an economic or quantitative background (not that is strictly necessary) and can't even understand...
Trading Penny Stocks Today
Looking for ideas on some penny stocks to watch right now. I know we're talking about very high risk. I've become well-versed in day trading and swing trading. I research all day and build some great lists that are profitable. But, obviously, group insight is always welcomed. I think I've grown...
CLO Secondary Trading Lifestyle
The life on a CLO secondary trading desk isn't really covered on this forum too well. Can anyone from the sell-side speak lifestyle, responsibilities, and market/product outlook going forward in terms of career trajectory? Any level would be helpful, but please answer in terms that would be...
Durham (Business) Vs UT Austin (Econ) Vs Fordham (Gabelli)
Hey, I am an international student and I just got offers from the business schools at Durham (UK) and Fordham (NY) and from the liberal arts school for Economics at UT Austin. I'm not 100% sure about what industry I want to go into yet but I really like trading and consulting at the moment. Since I...
Trading interviews - Securitized Products Group Morgan Stanley
Hi everyone, 1st year IB analyst, is anyone familiar with the SPG trading analyst position at MS? I can't find a lot of info online, but curious to learn more about hours, exit opps, and general day to day. Are lots of banking skills transferrable? What do you recommend are the best ways to prep for...
Aptitude test IMC 2021
Hi everyone, I am applying to all the market makers in Amsterdam. And I have heard that compared to Optiver, FlowTraders ecc... IMC changed its aptitude test from mental math to something different. Anyone who applied to their internship/grad position in 2021 and can give me hints on what to expect?
What's the difference between Systematic and Quantitative trading strategies?
I have a few interviews coming up for trading roles and was wondering what the difference is between systematic and quantitive trading is? Thanks for your help, Best
Trading Policies at Firms
What is the trading policy at your firm? are you allowed to buy yolo gme calls? do wall street firms typically allow lax policies so you can invest in whatever you want? I do not want to be tied to one single source of income (the job). Insight is appreciated. Thanks!
Trading SA in person?
Hey everyone, I know we're all wondering how banks and others are going to handle this summer. I know some desks have been back for months now and it seems like these internships might be more likely to be in person. If anyone has any news or notes on trading internships specifically please share!
Can someone please explain the relationship between interest rates, inflation and currency value?
Been studying up for a S&T interview and this is driving me crazy. (1) Inflation vs. Currency Value: Negative Correlation The relationship between inflation and currency value is by far the most straight forward in my opinion. Inflation decreases the value of currency in purchasing goods, which...
Should i do an MBA or a Masters in Quantitative Finance?
I work as an AM equities execution trader for the last 2 years, came up from a tech background, 5.5 years total work experience after undergrad, same company through and through (bulge bracket) . I am also a CFA level 3 candidate and want to eventually become a portfolio manager at AM or a hedge...
W.D Gann
Hi, I have been very curious about this man because of how mysterious he is. When seeing youtube videos about him people always talk about that you have to read his books and figure out yourself about his trading methods. Does anyone have any reliable information on this man? Is it worth taking time...
Trading coop
Hello everyone, I would like to find someone here who is willing to cooperate in stock trading on a daily basis - sharing info, set goals, divide some tasks, and so on. I think it is also especially good for motivation and discipline. I have experience when you cooperate the progress is much faster....
Python/R in Trading
For those of you who are traders, how frequently do you use python/r in your job? I know that this question varies for someone who works at a market maker vs. someone who works at a trade house, but for those of you who do program can you give me a sense of how you use it on a day to day basis?
S&T desk - advice for placement day
I’m currently in the placement process for my s&t internship ( trading track) at a top BB Would you guys be willing to shed some light on some of these desks: • rates trading; both securities and swaps • credit indices (CDX and CDX options etc) • high yield • distressed • equity...
Advice on Middle Office Opportunities!
Although most people here are client-facing, I'd like to know your opinions on which MO groups will tend to have better exposure to financial tasks that will best light up my resume for exit opportunities toward client-facing roles? To be more specific, I may have 3 potential offers: 1) a Deals Team...
Retail trading and its implications on professional trading?
WSB and GME are everywhere right now. Retail trading accounted for 20%+ of market activity in 2020. For comparison, in 2019, retail trading accounted for only about 10% of market activity. Market makers, prop shops, and exchanges are all excited about this influx of activity because there is more...
3 Middle-Office Positions - Which One To Pick?
Although most people here are client-facing, I was wondering which groups of MO will tend to have better exposure to financial tasks that will best light up my resume for exit opportunities toward client-facing roles? To be more specific, I may have 3 potential offers: 1) a Deals Team Specialist...
S&T Interview Prep: Networking
I'm currently looking at S&T internships and see that there is such a lack of knowledge on this site about the interview process and what it's like compared to IB. How powerful is networking and should I be reaching out to get a better chance of an interview?
MO BB Associate Struggle to FO
Hi All, Hope you are all safe and healthy through these trying times. I am a MO Operations (Trade Support) Associate at a bulge bracket bank in NYC. I am in dire need of some advice. I really want to be in a Sales/Trading role, it's been my passion since I was in middle school and I know it's my...
Dependable Profit in an Undependable Market -- Quantitative Sports Betting
Assuming you know sports betting, you are probably familiar with the many different sportsbooks that are around, some way more established than others. You may think "These other sportsbooks are useless," but if I came back and told you that you should want these inefficient sportsbooks to be around...
How to win a trading analyst role without any experience?
I am currently working in an Investor Relations role at a top tier PE firm, and want to break into S&T - more specifically trading. I have a very analytical background with an engineering degree from a great school and have passed my Series 7 & 63 as well as my level I CFA. Given my analytical...
Secondary Marketing Analyst Exit Opp's
I am a Secondary Marketing Analyst at a mortgage lender. My responsibilities include pricing loans, establishing and maintaining lines of credit, locking interest rates, reporting on our profitability and competition, and trading MBS on the secondary market. What kinds of exit opportunities are...
How to be a good trader
I will be doing an internship at one of the top prop trading firms next summer. I have two questions: 1. How to convert the internship to a full-time role? 2. (more general) What should I focus on know to become a successful trader in the future (eg. some people say I should play poker, do mock...
Why stay at a bank when HFs are so much more attractive?
I'd imagine there's a fairly simple answer to this question, but I haven't yet come across one. It seems like bank compensation pales in comparison to what one can earn at a HF, even at the junior level. That said, it doesn't seem like many juniors are actually making the move from the sell-side to...
The long climb into FO....
Wanted to get some opinions/suggestions here about getting into trade. I'm in my mid-thirties, and have been in the financial industry almost my entire career - I love the industry, I started investing in stocks when I was 13, and featured in Fortune when I was 14 for a 'young investor' piece. I...
Optiver vs SIG
Hi, I am holding two trading internship offers SIG (Dublin) and Optiver (Amsterdam). I would appreciate any advice on which I should choose and why?
Tier 3 IB Markets Internship or HFT Trading Firm Internship??
I'm in my second year studying Maths at a Target Uni in the UK and I need advice in which one of these two internships to go for: The first internship is in the Markets Division (Cross-Asset) at a Tier 3 Investment Bank in London. The second internship is as a Trading Intern at a high-frequency...
Prop Trading Salaries - UK/Europe
Hi, I would like to set up a thread about prop trading in UK/Europe. What are the strongest players, how much can a new joiner make, etc
Why S&T Is Way Better Than IB
I wanted to make this post in order to say that S&T as in "sales" 'and' "trading" is better than i-Banking bc In my job i am able to have hands-on experience trading sT0nks and talk with cli3nts . i also am passionate about Marcuts . i laugh at all i-Bankers for working so much hours when you could...
Interview with CEO
I have an interview coming up for an entry-level trading position at a New York City trading firm. They informed me that there will one final round with the CEO. What is the CEO trying to understand from the interview? How can I be more prepared for his questions?
Enough to be a Trader at IB???
Hi! I'm currently finishing my MSc in Quant finance at an European University (not the most famous but well quoted) with an OK GPA. I have a Bachelor in Business from a somewhat unknown uni in Europe as well. Previous to my masters I worked as a P&L Analyst for a major IB for 1 year. During my...
Trader at IB day-to-day tasks???
Hello, I would like to understand better what a sell side trader does in the day-to-day. Let's, for example, look at a trader in an Equities Trading desk at a major IB. What do they do? Do they just fill orders sent to them by the clients in their ptf? What about risk management? Are they required...
EDF Trading
Hey Everybody, Just wanted to know how good EDF Trading in the UK is and esp what their graduate scheme is like: What is its reputation compared to competitors Glencore, BP? What are the exit opps like? How easy is it to move to BB/HF later in the future if you start on their trading grad scheme?...
How urgent are these earnings calls actually?
In what scenarios do you need to listen to earnings calls to get that information RIGHT THEN AND THERE? Can this data not always wait until transcripts come out tomorrow? And aside from interns, are there any automatic ways to get a real time transcript of the call so I can go in right after the...
How can I get an internship in trading
I love trading stocks, I do it all day even during school/work and I could make a lot of banks/groups/firms a lot of money. But I cant seem to find any sort of internships where I can do that or can even work for someone who does that. Where do I even look for a stock trading internship thats not...
Is SMB Capital a Profitable & Reputable Prop Trading Firm?
I'm a fresh grad with a BS in Economics and am looking to get into trading professionally. I've heard that SMB Capital is a legit, reputable prop trading firm from people on internet, reddit, and the opposite from some old posts about SMB on WSO years back. From more research, I think SMB is an arm...
Best Earnings Call Analysis Tool
I have been using a tool called Uplink to run advanced analytics and provide real time transcripts for Earnings calls and it has been great for me so far. This is definitely something that could be really huge for anyone regularly listening to earnings calls or any disclosures, to be honest. There...
Joining your investment banking
Our company is dealing with stock brockering. We also work directly with clients: buyers and sellers. We have just got the message from the funder who wants to partner with Deutsche Bank in UK. The funder will transfere 45 million euro and 15 million euro second tranche. We already have contract...
Investment Grade New Issue Trading
Hello everyone, I was recently told I would be teaming up with one of my PMs to start to learn the process of flipping IG new issues. Does anyone have a good amount of experience doing this and would like to connect with me? Are there any specific learning materials anyone can point me to? Thanks!
Flow Traders
Hi, I would appreciate it if anybody could give some opinion on Flow Traders. I am a student potentially interested in their Amsterdam office. How is it compared to other trading shops, how is the culture, hours, pay, etc.
Can you move Akuna junior trader to Hedge Fund Analyst?
Hi everyone, My cousin is a strategy consultant and he was made redundant due to Covid. As such, he is currently near the end of the interview process for a 'Junior Trader' role at Akuna Capital. He has developed a passion for the markets and wants to ultimately try and move into an L/S HF within...
Treasury Funding Trader Career Path and Exit Ops
Hi all, I'm currently working as an analyst in the Liquidity Management Division of the Treasury at a US BB. My current responsibilities involve a lot of work with HQLAs and the ISLT with exposure to 5G and LCR stuff. As a result, I often interact with Funding Traders that sit in Treasury which has...
Trading Interview Case Studies
I'm through to the final round for a trading company/liquidity provider which is going to be a case study, I was wondering if anyone had any advice or could point me to resources to help prepare. They've given me a list of things to look into, which I have been, and I've found a few posts on here...
POWERFUL TRADERS' ARCHIVE
Hello Traders! Here is a place of silence, reflection, logic and research ... We are always glad to your interest, questions and thoughts ... We just contemplate and rest after a hard day ...))) Regards, Team Traders "PowerfulTraders"
POWERFUL TRADERS Greeting!
Hello everyone! Just brief info, about us... So, we are the Team Traders with more than 20 years old of Practice & Experience in trading sphere... Accurately suppose, that our abilities doesn't have some boundaries and limitations & knowledge skills more deeply than you able to expect... We are glad...
Feedback on Backtest Results
Hey Fellow Monkeys, I developed a new strategy recently and hired a software engineer to put it into code and I just got some preliminary results I was hoping you all could help me interpret. Please bear in mind this strategy is designed to trade commodity futures as one of the biggest edges to this...
Q&A: Credit hedge fund analyst at MF, former BB trader
Mod Note (Andy): Q&A/Interview Tuesdays! Email me ([email protected]) if you'd like to do a Q&A or interview for WSO My background is working in a high yield/distressed trading desk as a research analyst and trader, before making the move to a credit hedge fund within one of the major PE...
Anyone heard of Cargill( prop trading)
Hi everyone, I've been in this forum for a long time and underwater, recently got an offer from Cargill, more specifically in their World Trading Group based in Geneva. I've always been work in the IB/Hedge Fund as a derivative quant/trader, but never heard Cargill before as I didn't touch aggs. Can...
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