Training and Mentoring
Trading is for the most part a lonely and hard battle with yourself and with the markets. It can be very easy to lose perspective, to ignore the mistakes you are repeating, to overlook the opportunities which are before you. My approach to mentoring traders is to meet them regularly, talk about their trading and strategies, find out how they feel about what they are doing, and look at the patterns of their p&l - consistency, regularity of losing days, relationship between losing days and winning days. My aim is to help traders understand and acknowledge their mistakes, to emphasise and highlight their strengths. Much of a trader’s success comes from their ability to manage themselves in the chaos and volatility of the markets. A trader’s task is to apply to the market a measure of risk that he or she is able to understand and manage, to make money from that application and to avoid being overcome by volatility and the momentum of the market. I can help the trader to do that better, more often and with more confidence. I do not promise to make a trader more profitable - instead the best trader he or she can be.
I was hired straight onto Nomura’s bond trading desk, given a brief introduction to the Eurobond market, placed in front of a dealer board and Reuters screen and told to get on with it. No better way to learn how to trade - you just have to get on and do it, learning quickly from your mistakes. I was lucky that Nomura were growing their trading desk when I applied to them. The banks’ reduction in proprietary trading activity since 2008, under pressure from their regulators, has reduced opportunities for trader, both new and experienced. Yet volumes on futures exchanges and stock markets are at or near their highs, so the business of trading is flourishing and liquidity is good. The application of technology to the futures markets and the closure of trading pits (except for the LME in London) means it is cheap and simple to trade futures. Find a clearer, deposit funds, download trading software…….There is a large number of companies offering trading internships, trading houses and hedge funds have stepped into the space left by banks, and there are still traders in the dealing rooms of the City and Canary Wharf. I will teach you the basics and the advanced techniques of trading. I will educate you to the point where you can apply for trading positions or start trading for yourself. My courses cover markets, trading techniques, money management and technical analysis. They are all tailored to the client's individual requirements.
I have hired a large number of traders, and been to a few interviews myself, so I have significant experience of the hiring process. I can ensure that you the candidate arrive at your interview in the best possible state of readiness. I offer interview preparation courses which will give you an introductory tour of the City, its institutions, its practices and its markets. From Lloyd’s to FX, to bonds, to the LME, I will give you a through grounding and answer all the questions that you have. An interviewer is looking for you to have a good grasp of the industry to which you are applying, and I will make sure that you are able to demonstrate knowledge and understanding - enabling you to appear well prepared and be confident to ask informed questions about the organisation and segment you are hoping to join. There is nothing more dispiriting for an interviewer than a candidate before them who knows very little about the job they are asking for. Whether you are applying for an internship or for a graduate trainee position, I can ensure that you have the best possible chance of doing well in the interview. This would normally require a 1.5 hour session, but more can be arranged if necessary, particularly as the interview process develops. Please use the form below to make contact with me.