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Haha, if you constantly bring 1.2% return each day for the next 250 trading days in a year (not counting the weekends), you will be able to make $1,000,000. Have fun! 1.01205^250 x $50,000 ~ 1,000,000 Now if you bring a constant 5.12% return on each day for the next 60 trading days (three...

Yeah, I mean the money supply and the interest rate fluctuation has a direct relationship (IS-LM from Keyensian model). Just curious. Why do you think that the stuff that one learns in school is rubbish? Can you discuss more about the trading speads? Just basic ideas of them.

Thanks for the advice. Could elaborate further on the trading spreads stuff? I've heard of them, but am not exactly sure what they are. I would also like to hear more about the monetary flaws you're talking about. My email address is (slee11@nd.edu). Thanks.

I agree that the market will become bearish due to the bull market coming to an end. I believe that we are right in the middle of the eight-year cycle and that a bear market should come during this summer. I do not agree that the thought of lower interest rate shot the market up last week...

Though I am not a trader yet, I can give my two cents from an Economist point of view. Seeing from a macroeconomic perspective and listening to Bernanke, the economy will be fairly strong for the next couple of months--meaning it will still be bullish. I don't think the subprime mortgage...

Thanks for the insight.

Mind to elaborate further?

If I become a trader, I want to be able to give all of my effort. Having another job wouldn't let me do that.

Haha, thanks for the blunt advice (A nice name by the way). You may be right about my inexperience. I know this may seem a little presumptuous of me to say, but I hold a strong conviction that I have a good purchase of the activities in which the Fed and other monetary institutions engage...

Thanks for the advice. I should make a job search posting on the Chicago alumni club website. Yeah, I myself used to spend a lot time in the sports book stuff. I got over it once I started losing some money. Any more advice you could offer?

I've realized IB is not for me. I don't mind the long hours. I just can't stand its monotonousness. Conversely, I find trading much more exciting, stimulating, and dynamic. I like competition, and challenges. Trading has all that, and some. Now I want to give it a shot. By the way, most IB jobs...

Oh yeah. No help. I've had interviews with several trading firms through the career center at my school. Just waiting on them. Sending out resumes to monster or efinancialcareer appears to be a waste of time. Through those websites, so many people send their resumes that the job competition...

Really anywhere. I prefer Chicago since my school is near it. Also, there is strong alumni connection based in Chicago. But I wouldn't mind working anywhere as long as the conditions that I mentioned are satisfied.

I will be graduating from a top 20 university this May. I've majored in Economics with a special interest in Fed's monetary policy. I am looking to be hired as a junior trader or trading assistant. I am fairly familiar with how the equity market works and how the Fed controls money supply and...

definately possible, but not likely. Google Tim Sykes. Read one of those recommended books about trading, and go ahead start trading if you really wanna give it a shot. Good luck. Just don't complain when you start losing money.