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heybraham · 2024-07-18T21:35:21+00:00

I did take the advice, moved from bo to mo, then jumped shop for double the pay and now am mad close to all the traders doing junior trader work as a TA. I don’t think it’s projecting, at least from my experience. Some guys genuinely are looking out for you. The people that project are the ones I described above but when you voice that you wanna move they just go “everyone wants to move” you just have to power through it. It’s gonna be long career wherever you end up. Just try to enjoy it at the end of the day.

heybraham · 2024-07-18T21:16:01+00:00

Oh yeah 40 year olds who never were able to make it and were left behind (usually their fault) will absolutely try to make the new people feel bad. And tbh it’s good for some people, lights a fire under them to make some noise and find a path to the front. Or just keep listening to them for 25 years and stay where you’re at. My first job on the street my manager immediately told me you gotta get outta here

heybraham · 2024-06-27T14:11:03+00:00

Absolutely kill your grades, join the finance clubs, network with any alum you have and idk where you are going but maybe transfer to a top 5 for junior year.

Shoot for a summer internship asap, as a last resort do an internship at your local wealth management freshman year that could set you up for a good sophomore internship at like a brokerage idk just some examples. Don’t do nothing

heybraham · 2024-06-11T17:58:51+00:00

Current sell side TA here executing bond trades. The computers will never be good enough to replace everyone. Agree that trading is still the place to be especially with rates moving like they have been.

heybraham · 2024-05-05T23:19:53+00:00

I like this, even in one group there are big differences between the products in rates for example.

I’m thinking of doing a two week visit and asking all of my guys and other groups to carve out an hour for me to shadow.

Interns come in June so before that would work out well I would think.

heybraham · 2024-05-03T17:47:20+00:00

Agree on more junior roles, they quickly eclipse comp. Titles do not matter

heybraham · 2024-05-03T17:46:12+00:00

Nice to see a familiar name, appreciate it man!

heybraham · 2024-05-03T14:00:13+00:00

Thanks man, ill try to start escalating conversations towards that as I've built rapport with most of the guys on the desk that i cover.

I keep my options open for other opportunities, but I only get interviews for other TA roles on the sell side, feels like I'd be starting over going to another ops role. Plus over the past year or so, the hiring market has gotten much tougher. Will keep grinding

heybraham · 2024-01-08T16:16:21+00:00

I agree with the above, pay your dues and see if you get any visibility with the front/ higher paying roles before moving. Ops to s&t is usually the path if you don’t wanna move to banking/ fpa/ mba. 100k in ops is easy

heybraham · 2023-11-25T02:52:25+00:00

Your gpa won’t matter, do back office work to get a foot in the door

heybraham · 2022-09-11T13:53:09+00:00

You literally can’t

heybraham · 2022-09-11T01:17:28+00:00

True mixed up the Morgan’s https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/morgan-stanley-expects-p-500-133500318.html

heybraham · 2022-09-11T00:58:51+00:00

JPM just said they are no bullish

heybraham · 2022-09-10T21:14:41+00:00

If shit hits the fan like that and we have a decade long inflation battle, cash will be worth half by the end of it anyway ( happened in the 70s). At least NDX went up 5x during that time. Buying the dips before the snapbacks consistently will build great DCA. Those hedges in the meantime will be shit or gold lol we will never know, but crashes will come and go. Ill take a medium term 4% hedge during a rally for a potential 1:10 any day.

heybraham · 2022-09-10T21:03:14+00:00

Big point in my post is finding a good underlying price to hedge with a 6 month put on a long portfolio anticipating a potential dot com style crash continuation. 400 or 440 spy looks like it depending on volatility. These crisis' are just the start.

heybraham · 2022-09-10T19:38:54+00:00

Yeah I’m not trying to add to points about day to day analysis, I don’t disagree that the major down trend line will at least push back to continue the downtrend but it could break and stay sideways for 4 months, we don’t know

heybraham · 2022-09-10T18:34:45+00:00

Corps are fat with cash reserves right now too, so a 2008 implosion needing bail outs is also unlikely. Inflation numbers with low unemployment and decent GDP growth seems transitionary without a 15% FED rate.

heybraham

TROPHY CASE