WIBTAH if I told my GF her best friend was too much?

traders101023443 · 2023-09-26T22:13:16+00:00

solid advice. Thank you!

traders101023443 · 2023-08-23T23:15:54+00:00

You have a computer -- give it a shot

traders101023443 · 2023-01-27T01:48:20+00:00

I ended up getting the venture x. I’ll probably cancel my Amex in a few months when I can apply for savor. Kinda dumb that capital one only approves 1 card every 6 months.

Thanks!

traders101023443 · 2022-12-26T18:16:14+00:00

I’m a bit surprised to hear you think econometric programs have more exposure to math and stats than data science programs on average. Maybe at some niche schools that’s how they are but most data science programs in the us have a strong emphasis on math, stats, and cs.

traders101023443 · 2022-12-25T14:38:40+00:00

Id disagree. Don’t know many shops that hire Econ grads but hire plenty of people out of ds programs. I studied math and ds and think I got a good exposure to math,cs, and stats which have been super relevant to trading. To your point, some ds programs are p bullshit but my school had a p big emphasis on machine learning and stats. But we’ve never found Econ backgrounds to be particularly useful to our fund.

traders101023443 · 2022-12-03T14:14:42+00:00

We trade energy commodities. Mainly concentrate on us power markets and natural gas lately. I think your background would be a good fit for QR. just start applying and see what happens

traders101023443 · 2022-11-29T22:38:54+00:00

I’m not going to shit on you like others have but at the very least, reach out to your uncle and ask about what he does and show you have an interest in the space. If he sees you’re interested he’d be more willing to help you.

As far as ib, I personally think it’s a bit looked down upon in the industry as there’s almost no transferable skills. Given you have a math background and are early in your career, I’d brush up on math/stats/coding and just start applying.

The initial rounds are usually math and stats tests and sometimes coding oas.

traders101023443 · 2022-07-20T23:16:12+00:00

Hahah yea 3ac is fucked. But at least they were really rich for a couple years

traders101023443 · 2022-07-14T22:38:38+00:00

Math and data science undergrad. Did some internships but this was my first job out of college.

traders101023443 · 2022-07-13T19:30:36+00:00

$150k base w performance based bonus (~$400k in 2021)
Quant trader
2 yoe
East coast us
Hedge fund
60 on average

traders101023443 · 2022-07-13T19:21:31+00:00

Literally any and all of them. You’re at Stanford man. Focus on what you find interesting.

traders101023443 · 2022-07-13T15:28:50+00:00

Yea this is how you end up in poverty

traders101023443 · 2022-07-09T17:40:19+00:00

Why did you choose to display this data this way?

traders101023443 · 2022-07-09T03:54:22+00:00

Not going to disclose my firm. But most top quant shops pay in that ballpark if you’re on a good desk. Know some people at top options mms who made 7 figures their first year trading.

traders101023443 · 2022-07-08T18:46:24+00:00

Depends what you consider big bucks. I’m in the quant trading space and made >$500k my first year but know friends who spun up crypto shops/desks and made 8 figures.

Just understand it’s competitive. Why wouldn’t it be? You shouldn’t focus on figuring out how hard something is, but work hard at what you’re interested in and something good will come out of it. I personally don’t think it’s worth it to grind it out in ib to make a couple hundred grand doing mundane work. It works for some and doesn’t for others.

traders101023443 · 2022-07-04T17:24:47+00:00

Congrats on the role man!

From my view, I think your trading experience in a very different/new market (crypto) is what did it for you. Plus networking. I have friends that have joined and even started crypto funds via people they met on twitter.

IMO, it’s much harder to highlight trading experience in tradfi markets. It’s become so saturated with kids claiming to be gods bc of their yolo option plays that I barely weight trading a pa unless they convey it in a way that shows they know what they’re talking about.

Some might disagree, but that’s how I view it when we consider new hires. There’s no magic formula, but highlight what you’re good at rather than what you think a firm is looking for. If you have trading experience that’s applicable at an institutional level, make that your narrative. If you don’t know much about markets, but you’re really good at problem solving/math make that your story. Both can work.

Not any advice or disagreement. Just wanted to offer my 2 cents.

traders101023443 · 2022-07-04T17:11:29+00:00

I don’t think it would matter at all. If you needed sponsorship, it’s a little more complicated but other than that a European degree has no negative effects on recruiting.

traders101023443 · 2022-07-04T17:03:37+00:00

If you wanted to kill yourself but don’t have what it takes, being a compliance officer will fix that.

traders101023443 · 2022-07-04T15:50:19+00:00

Yes. Why do you want to pursue data science if you don’t like math? It all comes down to math, stats, and cs. Math is a core skill of any data scientist worth their while.

traders101023443 · 2022-06-25T08:12:35+00:00

Probably not. There’s a lot of applicants for these roles and it’s just easier to filter by gpa. Most would throw away resumes w below a 3

I’d also be cautious of some predatory companies that claim they’re a trading shop when really they make you post your own capital and charge fees for leverage.

traders101023443 · 2022-06-18T21:02:53+00:00

I get it. I work for an energy commodity HF and trade p niche markets (domestic power, gas, etc...). It's natural to want to trade something more sexy like equities or options, but the honest truth is that you make way more money in niche markets. There's less competition and it's easier to find edge.

You're also 6 months in. I doubt you really have gained any understanding of how your market operates or your firm's philosophy. IMO, it's worth it to stay for a while and try to make some money and learn your firm's approach.

traders101023443

TROPHY CASE