Trading for a Investment bank

[jiggly]

hey guys,

if you have a good track record of profitability, what are the chances of getting a position as a trader with an investment bank?

does anyone have experience working as a trader for a bank as opposed to a prop house, are there any differences and which do you prefer?

 

[gooseman]

profitabilty in what trading?

 

[Technically Fundamental]

soybeans

 

[jiggly]

profitabilty in what trading?

yes

 

[jiggly]

soybeans

could be anything, I should imagine,

 

[gooseman]

what type of trading? you fell at the first hurdle.

 

[gooseman]

let me rephrase: in what markets have you shown profitability?

 

[jiggly]

let me rephrase: in what markets have you shown profitability?

forex, spot, outrights, directional speculation.

 

[gooseman]

size? previous institutional experience?

 

[jiggly]

size? previous institutional experience?

size, pretty small, if I was trading size I would not want to give up my freedom and not have an inclination to go looking for it.

no previous institutional experience

 

[gooseman]

well i'm afraid you'd struggle to get in. you can't just pitch up and say "look i'm good" with a sheet of paper in your hand.

these guys have HR to follow, admission preocedures which usually require ID verification/qualifications etc. Not to mention the amount of traders floating about at the moment.

sorry to **** on your parade.

 

[Masquerade]

Unless you're prop trading there - why would you want to?

 

[jiggly]

well i'm afraid you'd struggle to get in. you can't just pitch up and say "look i'm good" with a sheet of paper in your hand.

these guys have HR to follow, admission preocedures which usually require ID verification/qualifications etc. Not to mention the amount of traders floating about at the moment.

sorry to **** on your parade.

thanks for your comments, but your not **** on my parade,

does anyone have any other views, I am not a qualificationless individual.

 

[gooseman]

i didn't say you did or didn't have qualifications but your initial question was vague.

getting a job in an IB ain't easy. especially now.

 

[jiggly]

Unless you're prop trading there - why would you want to?

not sure, this is why I am asking, what are your views and opinions, do you have any experience in either prop or working for a bank as a trader.

 

[jiggly]

i didn't say you did or didn't have qualifications but your initial question was vague.

getting a job in an IB ain't easy. especially now.

I can appreciate that, but trading isnt easy either,

what do you suggest? there was a point when noone had previous experience working for an IB.

 

[Technically Fundamental]

Just keep asking and you might get the answer you want lol.

 

[Jaydee]

Most bank traders aren't prop traders - they are sales, securities lending, market makers, etc.

Also, I doubt that even if you had a good track record it would matter. Most banks make their cash from services and not punting around - especially, since their recent screw up in the sub prime market.

 

[gooseman]

credo of working at bank/HF in previous life.

i would say at least 90% of HF traders have either been in a bank/asset/fund management position. i realise i am sticking my head on the block but that is my experience.

 

[jiggly]

Just keep asking and you might get the answer you want lol.

I think you are laughing on you own on this one............if you have nothing intelligent to post it would be more constructive for yourself to not post at all, from what I have seen you have made two so far and carry absolutely no value, what-so-ever.