I currently have an "internship" with a hedge fund that hasn't really been working out. A lot of promises have been made, but long story short, little has been followed through with.
I am now friends with the guy I work with so this makes this a little harder... but now he is saying that he wants me to trade paper for a while with my strategy and then after he sees it in action, he will let me manage a portion of the funds. Well... that is not what I originally had in mind when I got my internship. I could be doing (and I am ) with my own funds. I wanted to help him out with anything I could in return for knowledge - and its been near a year and I'm seeing nothing promising.
The kicker is that he wants me to show him what I do step by step basically. Now, believe me... I don't think that what I do is anything special, but (as I've told my mentor in regards to my question) I feel it is rather strange that the student is teaching the teacher.
What do you guys think? Get out of a potentially bad situation now?
I have always felt if I dont have a good feeling about something that I should not even bother with it... well I have broken my own rules with this in this regard. I am young (19) so I am sure there will be much more opportunities later as I become a better trader.
Then again, I am rather careful with anything to do with business. I have learned how to deal in business situations from my family and the biggest thing I know is that you never destroy relationships or act too soon.
I am now friends with the guy I work with so this makes this a little harder... but now he is saying that he wants me to trade paper for a while with my strategy and then after he sees it in action, he will let me manage a portion of the funds. Well... that is not what I originally had in mind when I got my internship. I could be doing (and I am ) with my own funds. I wanted to help him out with anything I could in return for knowledge - and its been near a year and I'm seeing nothing promising.
The kicker is that he wants me to show him what I do step by step basically. Now, believe me... I don't think that what I do is anything special, but (as I've told my mentor in regards to my question) I feel it is rather strange that the student is teaching the teacher.
What do you guys think? Get out of a potentially bad situation now?
I have always felt if I dont have a good feeling about something that I should not even bother with it... well I have broken my own rules with this in this regard. I am young (19) so I am sure there will be much more opportunities later as I become a better trader.
Then again, I am rather careful with anything to do with business. I have learned how to deal in business situations from my family and the biggest thing I know is that you never destroy relationships or act too soon.