If you were recruiting traders...
- Thread starter marklucas
- Start date
Quote from Ghost of Cutten:
40 year old George Soros walks into your office and says his employer are giving him a bum deal and wants to trade for a more enlightened firm. You take one look at his CV and kick him out the door.
Next up, the NFL coach who prefers people with no athletics background...
I recommend you don't become a job interviewer
I think the dynamics are a bit different. Football is a team game while one of the big draws of trading is that, once you reach a certain level, you have no need to work for anyone else. Why would any successful trader be out looking for work, and why would he let you keep any of his profits?
On the one hand you have prop firms and HFT shops that provide access to capital, technical services, or infrastructure on what's essentially a fee basis. These will want people with experience and minimal need for hand-holding. On the other hand you might decide to hire a few people, train them in your methods, and have them trade your capital on a profit-sharing basis - sort of an apprenticeship. In the latter case you're going to be targeting kids fresh out of college (or even in college) with little money and no trading background, not psych-damaged failed traders, over-the-hill types who lost their edge, or successful traders with no use for your capital and training.
I hired few traders in my life.. and all came through recommendations.
That s usually how it works in the banking world.
That s usually how it works in the banking world.