Recent Graduate looking for Prop Trading Opportunities in NYC area

white_goodman · May 21, 2012

Quote from babutime:

Since you have reading difficulties, I can't help you. I didn't describe myself as cool.

What I felt was cool, I did. I even thought it was cool to volunteer with mentally retarded kids and teaching English to an old German immigrant with a bunch of friends but that's just me.

I pity your boring life.

cool

Rodney King · May 21, 2012

Why does OP restrict his search to "NYC area"? If he were ambitious and motivated, he'd be on the lookout for opportunities in the other 93% of the US also.

kmgilroy89 · May 21, 2012

Quote from Rodney King:

Why does OP restrict his search to "NYC area"? If he were ambitious and motivated, he'd be on the lookout for opportunities in the other 93% of the US also.

Because I live in southwestern CT. I don't think I'll be able to afford rent. I get the impression that the vast majority of opportunities are in NYC or Chicago.

Rodney King · May 21, 2012

> I live in southwestern CT

Maybe call Murray -- an ET sponsor -- and see if he'd meet you and share his wise counsel? He's in Stamford, I believe.

kmgilroy89 · May 21, 2012

Quote from Rodney King:

> I live in southwestern CT

Maybe call Murray -- an ET sponsor -- and see if he'd meet you and share his wise counsel? He's in Stamford, I believe.

I don't know who this Murray is. But Googling I found Brean Murray, Carret, & Co, LLC in NYC. That might be an opportunity.

ignl · May 21, 2012

Quote from kmgilroy89:

Thanks for the advice. The reason why I do not currently trade with real money is I feel like I'll get eaten by the sharks with my limited knowledge. I have played with Yahoo Finance, but it's not suitable for day trading as the prices are set once a day. I would be interested in practicing with a quality simulator. What's the best simulator out there?

Hmm the main question after your post was why you havent tried trading so probably you need to fix this

Maybe not best quality, but ninjatrader is certainly better than Yahoo Finance - you can replay and trade each day in real time and its free of a charge. You also need some headstart of how to trade - I would recomend Mark Fisher book "Logical trader", I would skip all those stories books like Market Wizzards or Reminisences for a while, they will make a lot more sense after at least some trading on simulator with some kind of system (my recomendation ACD from logical trader, but you can try something else). I also have some replay data of CL so if you want I could send it to you and you wouldn't need to download each day separately (for some reason ninja only allows downloading one day at a time). Good luck!

kmgilroy89 · May 21, 2012

Quote from ignl:

Hmm the main question after your post was why you havent tried trading so probably you need to fix this Maybe not best quality, but ninjatrader is certainly better than Yahoo Finance - you can replay and trade each day in real time and its free of a charge. You also need some headstart of how to trade - I would recomend Mark Fisher book "Logical trader", I would skip all those stories books like Market Wizzards or Reminisences for a while, they will make a lot more sense after at least some trading on simulator with some kind of system (my recomendation ACD from logical trader, but you can try something else). I also have some replay data of CL so if you want I could send it to you and you wouldn't need to download each day separately (for some reason ninja only allows downloading one day at a time). Good luck!

Thanks. I downloaded Ninja Trader, but it doesn't provide the real time data. They recommend Kinetic, but it's not free. ACD is really expensive. I guess I won't be able to find real time data for free? Does your CL data work with Ninja Trader?

Surdo · May 21, 2012

Quote from kmgilroy89:

Thanks. I downloaded Ninja Trader, but it doesn't provide the real time data. They recommend Kinetic, but it's not free. ACD is really expensive. I guess I won't be able to find real time data for free? Does your CL data work with Ninja Trader?

You can get FREE data from Zen-Fire, set up a demo account with Mirus Futures.

Actually, eventually you will have to execute 5 RT's/month for free data, or they whack you $25.

kmgilroy89 · May 21, 2012

Quote from trailman:

Your universities are not good enough for Jane Street. Try Bright Trading.

I just looked up Bright Trading. They want $10,000. That's not what I'm looking for. I want a company who will invest in their employees, not have their employees invest in them. A company that invests in their employees shows me that they truly believe that they create winning traders. A company that charges for training tells me that they just want money and don't care how well their employees do.

kmgilroy89 · May 21, 2012

Quote from trailman:

OK, but your education is not good enough for the better outfits.

I'm not Jane Street or bust, but I don't want to pay $10,000 to get screwed either. I'm looking on Linkedin and see that some people at Jane Street didn't go to top schools, although clearly most of them did. I also see a lot of people who went to UConn working at what looks to be some of the better firms. I don't know what else they did to get the position though.