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I agree on your points regarding algos. That may well change in the future though. I'm based in the City not wharf so if you're near there and wanna grab a beer any time drop me a pm. Always nice to talk about something other than markets after a long week.
Although you try to make it sound like your life is miserable, I sense pride and inflated ego from your post. It frequently happens to traders at their first to early third year. And at the end of the day that actually adds to your insecurity. As someone who went through similar process in the past, my advice is enroll yourself in part-time education, hopefully something that may relate to trading , such as data science. Work out as well Unless you keep on self-developing, you will feel worse and worse as a manual trader since that path gets repetitive down the road.
Yup, can see this a mile away. But you can't blame him. He's young, and from the sounds of it had a really good upbringing. Feel sorry to read all these. Increase confidence in yourself, focus on your work and spend quality time with your family. Maybe you might want to go away from the BB for the relaxed culture of a prop shop?
Much of the work you describe could be done from home That can be done from your couch on a laptop and you would probably be more effective at it. You also need to get more efficient and shave 30 minutes off your arrival time Line up some phone calls you can do on your ride in and leave 30 minutes later There has to be some 25 year old in Asia doing the same thing that would like to chat with you about markets near the end of his day.
Also don't just read for the sake of reading The stuff about social life and women is purely on you and you shouldn't blame your job Also steak most nights and no workout time is obviously a mistake One steak a week and make it a good one I am a big fan of The Bull Steak Expert which flies a bit under the radar. Lastly, trading is somewhat of a lonely job that's just the life. Even if you were juggling three women and going out every night of the week with a great group of friends the emotions are still yours alone As Jesse Livermore said, "ive always played a lone hand" The most beneficial to me was this: Doesn't matter what it is, could be gym, sport, hobby, a language or anything.
Find someway to measure your progress or have a specific goal in a time setting and evaluate. Since the learning and success curve has flattened a lot at work, the quick progress to something whether it's a kg dead lift, cooking dinner for 15 people or doing a on a wake board it's crazy how quick these things are to accomplish. Check out these recent posts for ideas on how to make that happen. I'll list a couple others as well: Exercise - even just a couple times a week find something you like and mix it up, sometimes a work out, sometimes run home through the park, sometime go on a massive walk, cycle etc Bonus tip saunas are a game changer for me especially in winter.
Cut down drinking a bit- I've cut beer pretty much completely and now only try for good quality alcohol and less quantity very odd blow out 3. Travel- I find sporadic trips are great but bigger trips plan and book early, if you're feeling attached to your pnl and generally annoyed knowing you have that Japan or Mexico trip on the horizon really helps 4. Hobbies- similar to above but less about improving and measurement, rock climbing, back gammon, shooting, basketball, football 5.
Money- I wouldn't lecture you on how to spend it, but for me the most important is building and knowing your cushion so you can pull that rip chord at any time, are you doing this?
If you don't and you have a Porsche you creating your own jail where you can't get out. Charity- in person, getting back into the community talking with people who are from all different walks of life and ages really grounds your perspective I did the inner city reading project which is only once every two weeks 7. It's crazy if you think about it, you need counterweights to balance your internal happiness calculus. Honestly take some of the advice above especially Bondarb on managing your time better and just pick one thing you want to accomplish in the next 3 months and do it.
You own a Porsche, have "climbed through the ranks," and this is your life. Which was harder for you: Okay, Thanks for all the replies, I was really busy, so didn't get a chance to reply so here is another long post. BTW the 18 month old Porsche is now gone because it kept breaking down, even the dealer admitted that "there must have been an issue with the production run for you car, sir", So at the threat of lawyers, they bought it back and will take delivery of a replace from a different manufacturer on Wednesday. Not saying which model because of how the Porsche went down here. ODS-UK Usually, and is stress the word usually, each region covers its own areas and trading hours but over holiday periods things can get a bit more choppy.
Even though volume is down hugely, there are always as long as I have worked here some HF guys buying and selling around Christmas and New Years. Personally I elect to work over Christmas and New Years, I have nothing better to do really and I can use it as leverage to get some time off if I need to in the future, besides I get to clean up my books and have everything nice and pretty for when internal auditing begins. I might just take you up on the offer for some beers, I'll PM you when I get a chance. I don't have time for any non essential educational stuff, I keep up to date with seminars on some big data analytics but otherwise if it doesn't help my PnL, I don't have time for it.
Bondarb You post was very insightful, I agree that I could do a great deal of my reading from at home, but I prefer to keep work away from home. As for driving in early, I like it, London is quite pretty early in the morning. I actually have quite a nice reading list setup and am glad to see that I am not the only one who does a quick audit every month or so on the list.
Most of my conversations with colleagues are F2F or else on some chat.
I agree with you on the lonely aspect of trading and that no one care about PnL unless your loosing consistently, and then its only so they can pick you off. I generally don't talk about work outside the office, I find that if someone thinks you make a reasonable wage then they assume it is okay to order the PS bottle of wine. If I wanted a prossie, I would have asked for one in that case.
As for more social stuff, well, perhaps that will be target for the new year. I do read quite a bit and give a little to some very select charities. But as for cutting down beer, Ocado did that for me themselves this weekend, I mean how can you forget to deliver a box of Peroni on a Friday, it arrived this morning but still, come on guys. Toys-R-Soros There are many articles about this online, but if you have specific questions feel free to PM me.
Getting a now sold Porsche is not that hard when you have no family and all you need to pay for is rent and food, no real holidays save a lot. I have always wanted to be a trader from primary school. Getting a job on the desk was a great deal harder than getting into uni not Oxbridge , in fact getting into uni was a walk in the park compared to getting a job on the FX desk and resulted in much fewer sleepless nights wondering if I would ever get a job. Do you terribly mind sharing a screenshot of your reading list? Perhaps even PM me if thats something that you are not willing to share on a public forum.
If you don't like your job, why are you spending your money on cars? Isn't the goal to retire or at least have some financial independence ASAP? I have a fairly extensive "fun" budget. It is probably about half or maybe even one quarter of what you spend on a car on an annualized basis. Had I not gone down riding my CBR a long time ago, I would have had a lot of sympathy with the motorcycle racing.
As it is, I am envious, since I just can't take the risk. I like fast cars so I don't mind splashing out, but I'm glad you brought up bikes, I do have an SRR that I love, but rarely ride it because of the time it takes putting on and taking off gear, and then having to change into my work cloths when i get to the office. Shoes and jacket go in the backpack, leathers go on over the pants, wrinklefree shirt, and tie.
Again, if you have enough money to afford a Porsche, and you're bored and miserable, it's your own damn fault. I'm not advising you to get technical education to help your pnl right now. Your current pnl as a junior level trader is the least important thing for you at the moment. If you think they are "non-essential" that only shows how shortsighted you are. The whole industry has been changing for awhile and you are at the slower side of that change so you might not feel it, but unless you retire in the next five years you will regret.
The extra bonus you make right now by spending excessive time at work is nothing compared to what you will make as a senior trader, but with the way you describe yourself and the way you talk in the comments, I dont think you will last long enough to get there. Invest in yourself, on self development. You can always get professional mental healthcare, might make you more happy, just be sure to get one that is also aligned with your professional goals.
Bunch of idiots downvoting me because I am spitting out the truth. Go fuck yourselves, idiots. I am leaving this forum for good after 4 years. He still didn't show his fucking bloomberg anywhere finger print device? This was absolutely fascinating TripleDown , thank you for sharing. For what it's worth, I respect how much time you're putting into your job and I bet you're pretty damn good at it.
All these people giving you advise but from the way you write, it sounds like you've got a good sense of self-awareness and what you're doing. This thread is a raw and honest look into an individual who has dedicated an intense level of emotion and hard work into his career. And can you even fall asleep after all of the buzz at the office? I would gladly answer your question in private. Couldn't find the private message button. Send me one, so I can reply.
Popular Content See all. TR Resources See all. Upcoming Events See all. Recent Jobs See all. Right, Assuming you have read the title, this is one of those "I feel sorry for myself" Saturday night posts, it's also an AMA, because I'm bored. By 6am I am up to speed and the fun begins.
Log in or register to post comments. Members that upload a resume get 2. Nov 26, - This is the part where the experienced guys start posting their epic advice. Toughest PE Interview Questions. Dec 30, - 9: Excel Model Templates and Training. Nov 27, - 1: Nov 27, - 5: Investment Banking Interview Questions. Do you have an example of an instance where you have predicted and fooled an algo? Best Modeling Courses - Finance Training. Nov 27, - 3: An example from almost a year ago: I won't say what because it is unique to this client I think and hope, dark sense of humour I closed my short position on the cross, selling the GBP to one of the cable guys.
Investment Banking Interview Brainteasers. Nov 28, - 8: Absolute truths don't exist Dec 1, - 8: Dec 11, - 1: Private Equity Case Interview Samples. Nov 27, - 8: Now that that is out of the way. Investment Banking Interview Case Samples. Nov 29, - 7: Props on controlling that anger towards Bolz! Nov 29, - 2: Dec 1, - Dec 8, - 7: Apr 16, - 7: Nov 28, - 5: How long have you been doing it like this?
And, seriously, a Porsche? Nov 28, - 6: Since my final year in uni, still alive though! Nov 29, - 4: What do you drive? Dec 2, - 7: I take the tube with the "plebs". Dec 2, - 5: Dec 7, - 8: Hedge Fund Interview Questions.
Nov 29, - What do you mean by high volatility? Nov 29, - 8: Nov 29, - 9: Then again, I'm slightly older than you and unemployed, to each his own. Calling it now, this guy will be the next Rick Jutting. Apr 8, - Look at his recent post. Bet you feel like douche now lol. Apr 23, - 1: Treat your body like a dumpster, gonna be a bad time for you eventually 3 Nobody is invincible What is sad to me is that I am sure And hope someone tried to tell him that he was chasing smoke and he refused to listen. But dating in general is a numbers game, so get out there more!!
Nov 30, - 7: Nov 29, - 1: How much do you make? Nov 29, - 3: Nov 29, - 6: Bloody Hell, there are a lot of posts to reply to so bear with me: Nov 30, - 6: Nov 30, - 8: Nov 30, - 2: TripleDown Hey, I work on a MM desk, though not at a bank smaller flow but still good size and cover several product groups. Hedge Fund Pitch for Interviews.
Dec 1, - 9: Dec 2, - 8: Dec 2, - 3: How can I practise the skills of a FX trader if I eventually want to become one? Dec 2, - 4: I wanna be you at least for a short time LOL. Dec 2, - 9: I guess if you want a real question or two: How long did you know you wanted to be a trader? Dec 10, - 6: He said he was a trader not a supermarket executive. Investment Banking Interview Questions and Answers. Dec 3, - 8: Not saying which model because of how the Porsche went down here ODS-UK Usually, and is stress the word usually, each region covers its own areas and trading hours but over holiday periods things can get a bit more choppy.
Dec 3, - 5: Thank you for the answer, TripleDown!
You must not pass on any information contained in the following sections of this website to third parties unless such disclosure is permitted by applicable local law and regulation. Also don't just read for the sake of reading A lot has changed since he was trading. I hated math because my teachers never applied it to the real world. You want to experiment, try lots of things and try them fast. These results do not reflect the performance of any actual product or strategy.
I hope you sort out the melancholy in your life soon. Dec 4, - 1: Dec 4, - 4: Ill pm you in a bit. Dec 5, - Back to my rusty honda towing an awesome Yamaha R6 on a trailer to the track.