Recent Graduate looking for Prop Trading Opportunities in NYC area

Surdo · May 21, 2012

Quote from kmgilroy89:

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.

Have you considered networking through alumni that have jobs at these so called "better firms"?

You are not going to much help on this site other than being shot down, very few folks on here trade or have jobs if you have not discovered this yet.

ignl · 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?

There is difference between real time data and market replay data. In ninja open File -> Utilities (i think) -> download replay data. Here you can download any recorded day in the past. Then you do File -> Connect -> Market replay. Here you can set which days to replay and at what speed. That way you can basically have identical to real environment and trade past several months which is close to real thing if you dont know how prices were developing. You will need Kinetic or other real time datafeed when you start real trading. Also to open charts: File -> Open -> Chart, you might also want to open Time&Sales and Static Dom windows. As for ACD method - its not expensive, you dont need subscription - just understand principles in the book (which cost ~50$ maybe). There also is very good thread "ACD method" in this forum, its ~900 pages long, so have a good time reading it

kmgilroy89 · May 21, 2012

Quote from Surdo:

Have you considered networking through alumni that have jobs at these so called "better firms"?

You are not going to much help on this site other than being shot down, very few folks on here trade or have jobs if you have not discovered this yet.

I take things with a grain of salt on these online forums. I appreciate the advice people give me, though I give more credit to people who tell me their backgrounds. If nothing else, people get some ideas flowing through my brain. I then do further research on what people are saying. However, I figure that most traders should be trading right now.

emg · May 21, 2012

Quote from kmgilroy89:

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.

http://www.fairfield.edu/dsb/dsb_best.html

http://accelerator.business.uconn.edu/benefits.html

did u get help from the faculties? did participate or form a trading team while in school? Did u do anything to participate any trading clubs or activities while in school? Did u intern in any trading firms?

????

kmgilroy89 · May 21, 2012

Quote from emg:

http://www.fairfield.edu/dsb/dsb_best.html

http://accelerator.business.uconn.edu/benefits.html

did u get help from the faculties? did participate or form a trading team while in school? Did u do anything to participate any trading clubs or activities while in school? Did u intern in any trading firms?

????

No and I did not know that these facilities even existed on campus. I have to admit that I'm absolutely shocked. I'm going to look into the one at Fairfield. Thanks.

emg · May 21, 2012

Higher Education is the key to become a successful trader

HIGHER EDUCATION!!

Bison42 · May 21, 2012

Take the GPA's and Stick it! History tells us that the 4.0's become professors. The 2.5's have their names on the buildings.

You need street smarts and moxy to survive in this game.

emg · May 21, 2012

no street smart in HFT. HFT will blow small traders away

More than 90% of small traders lose. They just lose!!

SteveNYC · May 21, 2012

Quote from newwurldmn:

I studied engineering at an Ivy league school. Minimum GPA to get an interview was 3.7.
He wants someone to hire him based on his intelligence, competitiveness, and passion. Like most young people he doesn't bring much else to the table; but he hasn't demonstrated any of this so far.

wow, an engineer from an Ivy League.

you are a cut above the rest. I know from experience.

creme de la creme. (my keyboard can't do accents)

bwolinsky · May 21, 2012

Quote from traderchi128:

3 Days. You are basically telling this guy to learn trading/ produce a strategy in 3 days. That is beyond stupid. It takes much more than days/month.

Gilroy would be very smart to completely disregard anything you say.

You'd be amazed what $50,000 of data in the hands of quantitative analysts can produce, frontier and all.

The OP's attitude is not productive. If you want to make money you've got to prove you can before you'll ever get a good career trading prop.