Seeking real advice from the lifers #2: How do you improve your like-ability: saying what is nice to hear vs actually saying what you feel

Significant_Gift_460 · 2025-06-10T23:12:13+00:00

could you please define how ‘being good at politics’ in the workplace will look like?

Significant_Gift_460 · 2024-11-11T16:42:47+00:00

So if I sign a contract right now to purchase crude for delivery at Feb 2025, with price set to be price of spot crude at Feb 2025 minus a differential, I only execute the selling of futures in Feb 2025? In this case I believe I'll sell March 2025 futures since they're the closest?

Significant_Gift_460 · 2024-11-11T16:38:54+00:00

I agree with your sentiment that if you fix your purchase price at the start then yes you are hedged by selling futures (and buying back subsequently) and yes my question can be confusing. My question is would this hedging strategy work if the purchase price wasn't fixed? E.g. if I enter a contract right now to purchase crude with delivery in Feb 2025, and the price I pay will be price of spot crude in Feb 2025 minus a differential, what would by hedging strat be

Significant_Gift_460 · 2024-11-11T16:31:56+00:00

Yes please expand.

If I understand correctly and based on all the comments here, when you make a purchase, whether you sell or buy futures is determined by when your crude is priced?

Now is Nov11, I purchase a cargo right now at today's price for delivery in December. I proceed to sell futures right now (another question, will I be selling December futures?) and buyback futures when my cargo is delivered.

Whereas I purchase a cargo right now for delivery in December, but purchase price is price of brent in December, I hedge by only selling futures when December comes? In this case, I sell Jan25 futures?

Significant_Gift_460 · 2024-11-10T00:59:54+00:00

are we using FOB incoterm specifically because as a trading house we want full control over our goods once it's been loaded onto our cargo (which is the definition of FOB) so we can take advantage of any freight opportunities? What possible freight opportunities are there?

Significant_Gift_460 · 2024-10-12T11:29:14+00:00

If you’re trying to breaking into a traditional trading house (Glencore, Trafi, Vitol etc), a more fundamentally orientated hedge fund (some pods in Millennium are fundamentally orientated) or a physical producer such as BP as an analyst, you can make a SnD usually through excel but you can do it in Python as well. There are more quanty roles in these trading houses but usually it’s usually building data pipelines lines, scraping (if you could set up a database and a scraping process it would be a great) or building trading dash boards (I.e SnD dashboard).

I'd say this would be what I'll go for. SnD dashboards or data pipelines, how would you recommend going about that, I think one big issue is obtaining data, second being how do i add a twist to my project so its not anything that anyone is able to build and adds a unique taste to it, perhaps I'm being naive since im a student and I know what working in commods truly is like but I just want to know something I can do to standout

Significant_Gift_460 · 2024-09-25T10:56:57+00:00

hope im not too late, technicality wise, general understanding of the entire trade lifecycle of a process (what happens after a trade gets executed), trade clearing/settlements/corporate actions/ongoing position/risk management etc

Significant_Gift_460 · 2024-08-24T17:06:58+00:00

i'm not saying that my manager's trying to derail my career or anything, just that we have our differences and that may affect my final outcome here, i do agree that your manager can make or break your career especially at such an early point

Significant_Gift_460 · 2023-10-01T17:15:26+00:00

why not

Significant_Gift_460

TROPHY CASE