Masquerade
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Someone I know working at a prop shop was in the process of recruiting candidates for the firm. It was mentioned to me that they were inundated with CV's and didn't know how to whittle down the numbers for interviews. I've been to some of these things before and knew the maths tests were largely useless as were the logical reasoning tests these places use. So my mind got thinking and I decided it would be best to devise something that is important to trading and is actually realistic.
Today it hit me! In trading, detachment is one of the most important concepts. Some people can be so attached to money they'll freeze in their seat and never take a trade, and to a prop firm this is a bad idea. So we need people who can pull the trigger.
So my initial idea was to invite the candidates into the office and tell them to bring £100 cash to the interview. Then they must burn the full £100 on request. However, it was pointed out to me that £100 to some people is not the same relative value as others so we had to develop the idea.
So it was suggested we ask them to bring their mother in and ask the candidates to kill them. But I noted that some people may hate their mothers and gladly do this. So this put us in a tricky dilemma. But then we cracked it!
They bring their mother to the interview. If they don't like their mother, we get them to name a sum for us to kill their mother, then we ask them to burn that much money
Thereby, by put-call parity we have the same test?
Today it hit me! In trading, detachment is one of the most important concepts. Some people can be so attached to money they'll freeze in their seat and never take a trade, and to a prop firm this is a bad idea. So we need people who can pull the trigger.
So my initial idea was to invite the candidates into the office and tell them to bring £100 cash to the interview. Then they must burn the full £100 on request. However, it was pointed out to me that £100 to some people is not the same relative value as others so we had to develop the idea.
So it was suggested we ask them to bring their mother in and ask the candidates to kill them. But I noted that some people may hate their mothers and gladly do this. So this put us in a tricky dilemma. But then we cracked it!
They bring their mother to the interview. If they don't like their mother, we get them to name a sum for us to kill their mother, then we ask them to burn that much money
Thereby, by put-call parity we have the same test?