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Would having Series 7, 66, and 4, plus demonstrated profitability based on trading your own derivatives portfolio make an I-bank's derivatives trading desk take a good look at you?

Ha! I mean seriously, when you're working as a trader for the equities sales and trading department of an I-bank, don't you need Series 7, Series 66, and Series 55 licenses? Then wouldn't you need Series 4 if you're working as a trader for the derivatives sales and trading department?

I meant professionally, for an investment bank in the S&T department.

What licenses do you need to trade derivatives (equity options)? Series 7, 55, and 66 I know, b/c that's the general requirements to work in the financial industry, but is there any specific license to trade derivatives? Series 4?

So, if I were to make an average $.05 profit/share, and trade an average of a million shares/day, and there's 252 trading days/year, and I got 10% of that profit as a bonus, I could make >$1.26 million/year? Cool! Would I be considered a "low producer"? How many shares do traders usually...

Wolverine Trading LLC in SF has a good training program; the associate programs at most of the IBs I know of require 3-5 years of work experience in the industry to get in. I'm currently studying to be an echocardiographer, so I know how to handle pressure. I plan on trading my own...

Sorry, don't know any.

I plan on getting my Master's in Financial Engineering, and get a job as an assistant derivatives trader for a prop trading firm in San Fran, work there for a few years while earning my MBA part-time, and then become an associate at an investment bank's derivatives trading desk. How would my...

So all those job offers I've browesed are referring to total compensation then...what's the base salary then?

Is there a difference between investment banking sales-traders and stockbrokers? Is it mainly the volume and clientele? I can't figure it out. Is it just the title?

How much is the salaries for traders? $80-$300K? Am I right in how trader bonuses are calculated?

How are investment bank traders' bonuses calculated? Is it a percentage of profits generated for the bank? Like lets say an equities trader trades, on average, 1.5 million shares/day and makes a profit of $.05/share, making $18,900,000/year for the bank. Would the trader get a bonus of...

That's why I only plan on doing short straddles when I'm a professional for a market-making firm...then I'd have quick access to research, and extremely fast equipment. Did anyone like the music I posted?

Please answer these questions.

I'd want to actually trade, and do a little programming.

So, basically they're saying an A from CSULB is worth less than an A from Berkeley? As long as you can program, do math, and understand derivatives markets, you should be able to get a job.

I do know how to program; taught myself C++ for two years. And I know how automated a trader's job is. If it's so automated, why do they still hire traders?

Scratch that...I'd just buy up all the calls and puts, and hedge by shorting the stock. Then I should make a pretty penny from the surge in IV.

What about starting at a small firm, work my way up, and then find a job at a big, well-known firm. Why do people think Ivy League means quality...there's so much grade inflation. CSULB is a fine school. If they want ivy league, maybe I could do my BS at CSULB, and get my Master's in...

But when the scandle news hit, IV should go down, b/c now there's no uncertainty...everyone's trying to get out. So, if the MM's short IV, they should make money. Right? Do you think I have the beginnings of a good options trader? Like this song...