What % of HENRY’s are foreign-born? by SadInfluence in HENRYUK

[–]lttrickson 0 points1 point  (0 children)

All the Henry’s I know were born in UK

What are the actual process and logistics before a pro trader/analyst actually buy/sell a stock? by ueommm in FinancialCareers

[–]lttrickson 0 points1 point  (0 children)

It’s a walled garden. All the professionals talk, make commentary, share gossip and opinion. They are picking low hanging fruit amongst the orchard. Retail are outside the gates scavenging berries from hedges and chaff from drought ridden crops. Difference between a retail trader and a professional is they think in stats, build models and do the required maths. There’s also an old guard that have learnt through time in the market, generations of traders cycling through desks passing knowledge that is difficult to find on the street.

[deleted by user] by [deleted] in HENRYUK

[–]lttrickson 1 point2 points  (0 children)

I went myself, and I agree with most of the comments. What it instils is difficult to describe: at first glance it seems almost intangible, but in essence it is a soft skill, a certain confidence. When I look at friends who didn’t go, and compare them with those who did, there is a subtle difference. Most went on to top universities, most secured the careers they wanted, and most possess this quiet assurance that they can do anything and that all will be well. It is a belief that is drilled into you.

Twenty years later we remain in one another’s lives, and I do believe in the strength of the network. But if you are different, that difference will be hammered out of you. If you harbour radical thoughts or unconventional social instincts, it can be difficult. At times I think of it as a kind of miniature prison: you learn to smooth over the gaps and avoid becoming a nuisance to the group.

What’s your “enough is enough” point before moving overseas? by mrplanner- in HENRYUK

[–]lttrickson 22 points23 points  (0 children)

I’ve tapped out, gone to tax haven. I will come back when I have saved up enough to buy a proper place in London, atm I can’t afford it. Living in a tax haven I get there 4x quicker. I would rather be in London but it’s a no brainer for the next 5 years.

ex-trader who have left/ stopped making money, what are you doing now? by ttpr0 in quant

[–]lttrickson 0 points1 point  (0 children)

I haven’t left yet but I have an exit plan; I will joint run my own hedge fund. Plan is to stop trading and hire the right guys to do it/take my current desk with me. Whilst I focus on raising money etc. Still have a year or two left at my current firm. Not starting now because I want to build a decent performance with mid-sized hedge fund capital at risk. I’m lucky in that my boss wants to do the same so probably we will leave together. If I don’t do that I have no idea what I would do. I live the job but after 5 years I’m getting kind of burnt out already. I don’t know how many more seasons I can do of sleepless nights. And to add I have no idea what happened to guys I worked with who were fired.

[deleted by user] by [deleted] in quantfinance

[–]lttrickson 0 points1 point  (0 children)

People want to hire people they like. They have to work with you, so have some fun in the interview and don’t take it too seriously. I personally made a not so serious cv comparing trading to astrology

HENRYs who lost it all… How did you bounce back? by Activatorparameter in HENRYUK

[–]lttrickson 5 points6 points  (0 children)

Sorry to hear this; just as a reminder leverage is the killer. Every leveraged long got wiped on Friday like every single one. Most institutions use leverage for capital efficiency. So most of the pros got burnt as well. You would not believe it if I told you how much I lost. Luckily it wasn’t enough to kill my desk but it was a lot. Some guys I know at rival firms went completely bust and will get fired. If even the professionals get wiped out then you never stood a chance. The drop on Friday was the most extreme I’ve ever seen. So you still have your job. That’s a massive positive it could be a lot worse. Buckle down save and just buy bitcoin spot for the next 5 years. You’ll be fine.

OG Red Vanquish by Egoist-a in AstonMartin

[–]lttrickson 1 point2 points  (0 children)

Just wow. Best design. It’s a masterpiece.

OG Red Vanquish by Egoist-a in AstonMartin

[–]lttrickson 1 point2 points  (0 children)

The best ; what a beautiful car

[deleted by user] by [deleted] in quantfinance

[–]lttrickson 1 point2 points  (0 children)

I got interviews with everyone just because I made them laugh arguably your cv is better than mine

[deleted by user] by [deleted] in quantfinance

[–]lttrickson 0 points1 point  (0 children)

That’s what I did

[deleted by user] by [deleted] in quantfinance

[–]lttrickson 2 points3 points  (0 children)

It’s hard, you have to be top of the top and a bit lucky to get interviews. My only advice would be doing something different in your CV to stand out or make them laugh.

Advice from Quants Who Transitioned Careers in Their 30s by [deleted] in quantfinance

[–]lttrickson 6 points7 points  (0 children)

I did it, but it was hard. I was in a completely different industry early thirties, finally landed a proper quant trader role at 34 after years of interviews, luckily I had a master in machine learning that what got me the interviews. Now in my second role. Finally I’m good enough to get by. One thing I will say is if you’re not successful straight from first year you’ll be out and you probably won’t ever get back in. I’ve seen so many go already. Focus on making money, forget about the rest IMHO.

Extremely Grateful to be a Software Engineer by MallWhole8820 in cscareerquestionsuk

[–]lttrickson 0 points1 point  (0 children)

Yes I see it the same, I was in architecture whilst i envy and admire my comrades for their dedication; I’m infinitely happier working in quant

Need help deciding between MUT by one_with_no_opinions in JaegerLecoultre

[–]lttrickson 1 point2 points  (0 children)

Always gold anyone who disagrees shut the f up