Search results

Ahh.. Thank you Spyder.

Strange, HMIN and FSTR didnt show up in either Dry up scan I ran. (Original or 3 month.) I also noticed GMKT, but I am always apprehensive about holding over weekends, so I sat by the sidelines.

That really depends on the firm... And also your compensation. You might be an 5-10 year "assistant" to a top producer, making more than other firms "traders." Its not all in the title. But if you are there for more than 1 1/2 years and get the impression you are being pidgeon-holed and cant...

Ok. Its an entry level trading job, so they are going to look mainly at these things: 1) Ability to multitask in a fast paced environment. 2) ability to prioritize what needs urgent attention vs stuff that can wait until later in the day. 3) attention to detail. Repeated mistakes...

I am confused b/c I thought Oppenheimer funds would be buyside. And Buyside places dont require (even sometimes frown upon) Series 7, etc... So are you going to be (buyside) working with portfolio managers and mutual funds? or (sellside)working with other salestraders, asnwering phones and...

thank you procrast I will look into it. I always thought technical formations were reflections of psychology (support/resistance, decrease in volatility leading to explosions, etc) and that the type of instrument didnt really matter. but I will check out. thanks. (for the record, I wasnt...

Fair enough, but one thing that continues to confuse me is how to incorporate such concepts into actual trading using intraday charts.. I had a Tradestation programmer create a realtime indicator that would identify similar patterns on intraday charts,, (thinking I could catch stocks on the...

Thats actually a good point. When the test first came out, the study guides didnt include all the material on the test.. I remember co workers talking about test questions that werent even mentioned on the study material.. I figured overtime they woudl fix this..

I am not even sure why it matters. Since "hidden" quantites are allowed, its nearly impossible to "read" supply and demand on LVL II.. I pretty much just look at lvl II to get an instant feel for how a stock trades..

I took it back when it first came out (I was a NASDAQ Market Maker) and it was very easy compared to the Series 7. Unless they made it a lot harder in recent years, if you can pass the 7, it is a cakewalk. If for no other reason, the amount of information is so much less to retain..

I also was watching this yesterday and went long (paper trade) @at the open for a price around 11.20. I sold 1/2 at 12.00 and the rest at around the same price. (again, using beginner methods only) It showed up as a "BRUNO" set up on my scans, as per WL, but hardly looked like it at all...

Depends what they are hiring for..."Poor, smart, with a desire to get rich" is great for a burnout job like a broker... Simply b/c desire keeps you in the game and helps overcome burnout. But for an analyst or IB job, they want pedigrees I believe.

I am new to the system also, and have the same concern. Although I am not trading live yet, I am trying to "simulate" what i would do real time as I watch for "the planets to align" . I also have 2 separate Qcharts quote windows set up.. As I am a beginner, I have 1 for regular DU (both 3...

Ok thanks, Spyder. I apologize, as I am still working through journal III. I will finish that up b/4 I post again. I dont mean to be a pain.

Spyder, I must be doing something critically wrong.. At this point I am just trying to get my lists in order as per methodology instructions. I understand that "tenure" will have some lists different than mine (since me being new eliminates tenured stocks from my scans, but you have...

As you correctly noted, the job of "trader" has evolved and disppeared in some cases. You basically have 2 choice: 1) get good connections (perhaps your dad has some from his old job) and try to get into the buy-side at a hedge fund or mutual fund.. 2) try to get into one of these IB's...

thank you spyder :)

Hello all, I have fully read/studied Journal I and II and am still working on III. I am just looking for some clarification that I am developing my lists properly b/4 I continue on. using standard stocktables criteria (80 EPS, 80 RS, $5-$50) I transfered this to WL. (ignoring for...

Well a few years ago, 2 things struck me as strange. (This is going from what I have heard and read from other posters, btw..) Certain managers in particular interviewing were viewed as arrogant, and wanted applicants to essentially march into the room pounding thier chest like a gorilla...

How did the interview go? I am curious to hear about their approach/attitude towards the interview process.. In the past, I have heard some pretty silly things about them, and what the value in potential traders.