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I do frequent there often. I think they provide a good service in the sense of "here are some things to think about the state of the financial market this morning". A good place to see various disparate market issues collected together. However, as a trader, you have to completely disregard...

Straight from college, sure. Professional finance unfortunately involves a lot of inanities like wrestling with data or some process or script or waiting around for something to go on/off or whatever, you get the picture, and kids fresh from college are great for putting through the churn and...

It's hard to take lists like these as anything more than a gimmick. I have worked in hedge funds and on the buy side for a long time (risk mgmt). Though there may be some fund here or there that takes things like college rankings seriously in the screening phase, getting into a HF is mostly a...

Hi, What did you switch to from IB? Presumably you're enjoying better margins there right?

sorry for nor replying earlier, yes that one.

Besides higher leverage, potential for strong one way trades, larger risk appetites, carry clipping (with its inherent dangers as mentioned above) I think the causality of news flow aids forex trading more than single stocks. You always need a top down macro view on your book IMO regardless of...

You could do a lot worse than reading Gatheral's book. Unfortunately, to dabble with vol surfaces, and especially to understand "different configurations (that) say different things" as you put it, a little bit of mathematical sophistication is a necessity. If this one's too daunting, flip...

you don't really need to go back to school to get into institutional trading. What you need is an internship. For that you usually need an "in". Degrees and schools are basically just that.

Experienced folks sure, but that doesn't sound right for noobs. No entry level quant will get 400K guarantees.

Hmmm... STEM fields are not necessarily the only way to be an institutional trader, which is what I am interpreting as a 'professional trader' here. I've known various traders with different backgrounds in arts and sciences. Yes, you probably wouldn't cut it to be an algo/systematic/hft trader...

This is a pretty wide question. There can be a variety of entry level quants at a fund. Pricing quants, trading quants, risk quants, research quants, execution quants, some part of a trading team, some part of a support team etc etc. It depends on the particular role and firm. But normalizing...

Well written. though it often is not worth getting into all this it pains to read Keynesian vilification when it is not even properly applied especially when laffer goes scott free.

I was in on this from about 2040 to about 2020. Obviously on hindsight got out a little early but I was getting nervous about intervention at that point. My feel is that this is not going to be a cakewalk break and will be very heavily defended from this point on. So getting out of the way for now.

I have been in professional risk mgmt for a long time and I have seen independent traders making that kind of money. Yes I know some too,unfortunately I am not one of them :-) But I am kind of new to retail land. What exactly is a day trader? Is a systematic statistical guy who holds intra...

Indeed that is the question. Assuming this in from the pov of a strategy one wants to trade and not invest in, if after controlling for small sample biases, autocorrelation in returns, varying volatility and making sure the strategy is not 'forced' to be a skewed distribution by tricks like...

I assume the question is directed to me. The speed aspect I am certain of. A look through tick data of the two markets will convince you too I'm sure. As to whether the effect is still on or off... I don't know. I can only bet on it :-)

Stocks digesting news faster than fx is backwards. There is nothing faster than fx. As to how long a momentum ignition effect like this takes to taper off, well that's where money is made right ;-)

that literally made me giggle.

Pension fund assets are still gargantuan, no? ;-)

Why does it matter what is the right philosophy or the wrong. I would think whether your pnl is red or black is the only thing that matters in a trading forum...