Recent content by NatTrader

Thanks for all your answers. I think passion, commitment, perseverance, and creativity are the keys. Academic route provides a good initial boost. SAC is just an example, representing an elite hedge fund. The goal may as well be becoming an elite trader, an elite money manager, one of...

Great. Thanks for telling me that I cannot make it. That will make you number... 200?

I never claimed that I am successful. No, I haven’t met Steve Cohen yet. Here is my second shot at asking the basic question. One year and half ago I left the software industry to give full time trading a shot. I naively thought that day trading is highly regarded by the Wall...

Thanks for all the feedbacks. I still have a follow up question on the heads of the desks at IBs. I assume that these people are part of the Sales and Trading division of IB. They would generally take the other sides of the customers and their goal is to stay positive or flat. Are their...

My mentor was the top trader at WorldCo before it imploded. I don't think SAC would care to hire him either, but I can see how he can come up with an another strategy that will work under different market situations.

I have the definative answer to your question. Many years ago in my earlier years when I had been a trader for a while but had never traded equities, I asked Steve Cohen himself how I could get a job at his Fund. His answer was that I should get a job at Shoenfeld or First New York and build my...

Thanks for all the feedbacks. I still have a follow up question on the heads of the desks at IBs. I assume that these people are part of the Sales and Trading division of IB. They would generally take the other sides of the customers and their goal is to stay positive or flat. Are their...

Really thanks for the reply. I loved the schoolwork, although I partied a little too hard in my first year. I tried hard to socialize away from my caltech undergraduate. I have another question. The head of desk is the head of the market makers, right? How come his skills are...

Are MBS/ABS mortgage-backed securities and asset-backed securities? Security has surely been in a downtrend since the 2001, but I think that things go in cycles. By the time one jumps into the MBS market, smoke will go out because of interest rate, debt, economy, and etc. Thanks for the...

Hi everyone, I am an another aspring trader who took an inspiration from "Market Wizzards" to jumped the corporate safety net. That book is a dangerous item to the uniniatied. "Take more risks when you young", doesn't Jim Crammer said that in his new book. I quitted my day job as...

Are there any traders in the SF bay area? I wish that I have found this forum earlier. A newbie. I have a simple question. Do most of the day traders eventually diversify into other businesses? Appreciate whatever comments in advance. I saved enough money in the first 4 years after...

MBA is useful as a ticket to get into the finance industry. However, if you are already working for a ib or a fund, it is really not worth the time and money. It is most useful for career switchers. (like myself) MBA can get you to the trading desk, although I don't really see what is the...