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Trying to find a job in London in finance. No luck so far


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Trying to find a job in London in finance. No luck so far

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  #1 (permalink)
Sydney Australia
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL, ES, AUD/USD
 
Posts: 51 since Apr 2013
Thanks: 27 given, 31 received

Hi,
I was wondering if someone has been in a similar situation.
I am a web developer by trade (.Net). And over the last 2 years I have been traveling around Asia while educating myself about trading and automated strategy development.
I have successfully created a few profitable strategies that are still working today (and many that worked for either a very short time or didn't work at all in live market conditions)
I am now in London trying to apply for job that mix coding and trading and I am not getting any luck so far.

Is the experience of a retail trader disregarded by financial institutions?
As anyone from futures.io (formerly BMT) landed a job in London or New york after beeing a retail trader (automated or not) for sometime?

Thanks,
Chris

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  #3 (permalink)
Gits (Hooglede) Belgium
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
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I would be curious to see some results of your automated strategies.

- drawdown
- MFE/MAE
- average profit
- average loss
- #of trades
- time period
- instruments

How much are you off, to be able to live from the profit ?

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  #4 (permalink)
Sydney Australia
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL, ES, AUD/USD
 
Posts: 51 since Apr 2013
Thanks: 27 given, 31 received


rleplae View Post
I would be curious to see some results of your automated strategies.

- drawdown
- MFE/MAE
- average profit
- average loss
- #of trades
- time period
- instruments

How much are you off, to be able to live from the profit ?

I can't say I am living from it as yet. Like many traders I have my demons and I need to learn to accept my bots loose money some months and accept it (as long as it doesn't go beyond my max drawdown). In the past I tried some discretionary trades on bad months. This resulted in more loss that wiped previous months wins. I am hoping I have remembered the pain it generated and that I wont try again. I believe if I can stick to algo I am on the path to be profitable.

The reason I want to work in the industry is that 1) I like this industry, 2)I am a sociable and miss having work mates and team work. 3) I believe I could learn more yet bring maybe a different mindset than math phd's.

Other than that and not specific to a job to a job in Finance, I believe having a regular stream of income is always beneficial as a trader. I could go back into web development but I am bored of this industry. I find it quite repetitive after a decade in it.

I have sent a dozen of applications in London but no reply or a call back. Does anyone on futures.io (formerly BMT) work in finance in London or know people who do?


Below the pref report of my favorite strategy over the current ES contract during the last 2.5 months. (Commission not included). And yes I do trade it live with real money.

Performance All Trades
Total Net Profit $13225.00
Gross Profit $40125.00
Gross Loss $-26900.00
Commission $0.00
Profit Factor 1.49
Cumulative Profit $13225.00
Max. Drawdown $-3925.00
Sharpe Ratio 9.89

Start Date 3/06/2015
End Date 26/08/2015

Total # of Trades 168
Percent Profitable 42.26%
# of Winning Trades 71
# of Losing Trades 97

Average Trade $78.72
Average Winning Trade $565.14
Average Losing Trade $-277.32
Ratio avg. Win / avg. Loss 2.04

Max. conseq. Winners 6
Max. conseq. Losers 8
Largest Winning Trade $1250.00
Largest Losing Trade $-637.50

# of Trades per Day 2.13
Avg. Time in Market 620.1 min
Avg. Bars in Trade 22.8
Profit per Month $5105.85
Max. Time to Recover 14.68 days

Average MAE $275.00
Average MFE $474.41
Average ETD $395.69

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  #5 (permalink)
Gits (Hooglede) Belgium
 
Experience: Master
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Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,991 since Sep 2013
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@Christophe i am in sydney until thursday morning
if you want to grab a coffee PM me

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  #6 (permalink)
Sydney Australia
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL, ES, AUD/USD
 
Posts: 51 since Apr 2013
Thanks: 27 given, 31 received


rleplae View Post
@Christophe i am in sydney until thursday morning
if you want to grab a coffee PM me

I am in France at the momment otherwise it would have been a pleasure.

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  #7 (permalink)
Gits (Hooglede) Belgium
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
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Posts: 2,991 since Sep 2013
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Christophe View Post
I am in France at the momment otherwise it would have been a pleasure.

too bad...
enjoy 'la douce France'

i'll be back in Europe early October

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  #8 (permalink)
Curitiba, Brazil
 
Experience: Intermediate
Platform: ProfitChart Pro
Broker: CM Capital
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Posts: 43 since Aug 2015
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Be sure to watch this series of videos and after that think if you really want a "City investment banking job"...


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  #9 (permalink)
Chicago, Il
 
Experience: Master
Platform: NT, CQG, Bloomberg
Trading: US
 
Posts: 64 since Apr 2014
Thanks: 11 given, 39 received

its always hard to get a job when you are not working. you can always try just getting your foot in the door in a company doing something else and work your butt off and network inside and then try and transfer to the dept you want to work. i worked for an investment bank for 8 years and unless the candidate came from another bank or another department in our bank we didnt even bother interviewing them. we definetly filled more positions internally than with outside candidates.

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  #10 (permalink)
london, UK
 
Experience: Intermediate
Platform: NT
Broker: NT
Trading: Stocks, Bonds
 
Posts: 142 since Sep 2013
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Hi Christophe, I am in Kent Suburbs-London if you fancy meeting up

Best

H

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  #11 (permalink)
Sydney Australia
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL, ES, AUD/USD
 
Posts: 51 since Apr 2013
Thanks: 27 given, 31 received


harry737 View Post
Hi Christophe, I am in Kent Suburbs-London if you fancy meeting up

Best

H

I left London a while ago, I am currently in Seoul and should be in Asia for the next few months. (PM me if you have skype)

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  #12 (permalink)
Sydney Australia
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL, ES, AUD/USD
 
Posts: 51 since Apr 2013
Thanks: 27 given, 31 received


AMGT View Post
Be sure to watch this series of videos and after that think if you really want a "City investment banking job"...


I have only seen the new posts only a couple of days ago. Finally got the chance to watch all the 5 parts.
I have learned a lot about the difference between investment banking and Edge funds.
I believe if not mistaken that out of the dozen of CV's sent only one was for an investment bank. The rest were for Edge funds.

One thing that puzzled me is that he seem to conclude that starting trading your own money is the best way.
I am not denying this. But he's doing this presentation to a crowd of students. As he mentioned in the first part, most of them would be in debts.

That's where he lost me. How would those students raise the capital to fund a decent trading account to start with?
Is the university setting just a prop to give his speech more credibility to a much bigger online audience?

I have previously watched Anton Kreil in Million Dollar traders which I found to be pretty good entertainment TV (from what I can remember) but I don't think I have learned anything from it.
He also never clearly mentioned the risk of trading your own money in the videos but emphasizes on the quality of his training.
Like many futures.io (formerly BMT) users I believe the education anyone would need is available here and there for free.

Again the videos are totally worth watching for the Edge fund vs Investment banking comparison point of view. So thanks again for sharing.

PS: Anton Kreil co star, Lex Van Dam, is also selling his own educational program.

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