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Cold Calling Future Guys:
- Thread starter ImamicPH
- Start date
What about working as a programmer for a hedge fund to get your foot in the door? You'll probably start off being some trader's b*tch modelling and testing his strategies and doing other mudane stuff, but it would be be a good way to leverage your current experience to get into the industry.Quote from ImamicPH:
I've got a job with General Dynamics - programmer/analyst.
Quote from SyndBroker:
What about working as a programmer for a hedge fund to get your foot in the door? You'll probably start off being some trader's b*tch modelling and testing his strategies and doing other mudane stuff, but it would be be a good way to leverage your current experience to get into the industry.
That's essentially what I'm trying to accomplish without going into something labeled a "hedge fund".
From my experiences hedge funds have this stigma attached to them. That you need to be from a Ivy league school. Iwent to Florida International man. It's like Binghamton.
What do you suggest?? emailing hedgefunds my resum?
Quote from 5yrtrader:
http://en.wikipedia.org/wiki/Standard_deviation
Take your monthly returns, (like you return 2% one month 3.5% the next and so on) add them all up and divide by # of total months. This gives you your average monthly return. Multiply by 12 to get your average yearly return.
Take each of your monthly returns and and subtract your average monthly return, square each number and add all of them together. Then divid by the total number of months and take the square root of that number. This is your standard deviation of your monthly returns. annualize it by mutlipling by the square root of 12.
Divided your average annual return by your annualized standard dev to get your sharpe ratio.
So the sharpe ratio should be greater than 1?
Quote from Pro_Trader720:
I have many models that I am trading. I won't trade anything under 2. But even 2 is low. My better models are over 4!
Yeah the firm I was with never dealt with sharpes. So this is new to me.
I going to go back this weekend and see if I can find the sharpes in the strategies I've got.
Quote from ImamicPH:
Okay so this is almost a solicitation, but it is more like a thread for advice:
I went to a decent four year school and majored in MIS, I'm not some hot shot from NYU, but I want to get back into trading futures.
I don't have the drive to get and MBA and apply to the big companies just to solicit customers and all that other crap. I just want to backtest and trade that's it.
What do you think about cold calling these guys that can back a guy like me? Alot of times if you tell them you're a programmer they'll laugh at you. And most of the bigger guys won't give you the time of day.
Every job i have ever gotten.........I have gotten cold calling. The fact of the matter is that people like other people with drive and who are easy to get along with. The other thing, is that poeple like to do favors for others. for most people, human nature is to help out. Offer to buy the guy luch or something...you would be amazed at the results.
I had a PHD call me today in the morning asking about his research paper on derivatives in CEntral America. He simply asked to take me to lunch if a co worker and i could comment on his ideas.
I felt flattered that he found me and that someone referred me to him. I said "absolutely, how about monday after the market closes". think most people would do the same.
Go for it, see what happens. it is important to meet people face to face.