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The Really Useless Thread

  • #3,261
  • Aug 25, 2011 2:53pm Aug 25, 2011 2:53pm
Quoting OldQuant
Lacking the right school tie or degree, one way in is to come in with the software. More and more, the Book of Record systems cost many millions, and so they have analytics layers built in because they can read the books and the feeds natively.

When a bank or sell side changes out their BoR system, it's like a heart transplant; they can't stop it for a while and get it fixed. So they bring in consultants to handle the up-fit. The ones who know what they want position themselves in earshot of the traders, and as soon as a trader yells out "how...
sounds like a good strategy, get your foot in the door and then make yourself indispensable..
  • #3,262
  • Aug 25, 2011 2:56pm Aug 25, 2011 2:56pm
Nice little M&M's - Updated chart


Quoting pipper
Gotta hit the sack here. 8Hr still working on a pattern for me... Might be a nice M.. Safe trading all
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 123 KB
Attached Image
Disclaimer: Check your 1m charts
  • #3,263
  • Aug 25, 2011 2:57pm Aug 25, 2011 2:57pm
Quoting FibbinArchie
sounds like a good strategy, get your foot in the door and then make yourself indispensable..
had such a job, nearly destroyed me... let them sort their shit out on their own and start trading.
  • #3,264
  • Aug 25, 2011 3:00pm Aug 25, 2011 3:00pm
Quoting pipper
Nice little M&M's - Updated chart
all down to the ben berwankey now, today's sell off could just be a shake out before we start moving back up, wouldn't be the first time, qe3 and it's likely hello 1.50 by next week..
  • #3,265
  • Aug 25, 2011 3:01pm Aug 25, 2011 3:01pm
Quoting Mr Hatch
had such a job, nearly destroyed me... let them sort their shit out on their own and start trading.
big plus is the support and access to bank trading funds, but yeah i see your point..
  • #3,266
  • Aug 25, 2011 3:02pm Aug 25, 2011 3:02pm
Yip, all eyes on Benny tomorrow. Will be just watching from now until then. Plenty of trades next week

Quoting FibbinArchie
all down to the ben berwankey now, today's sell off could just be a shake out before we start moving back up, wouldn't be the first time, qe3 and it's likely hello 1.50 by next week..
Disclaimer: Check your 1m charts
  • #3,267
  • Aug 25, 2011 3:07pm Aug 25, 2011 3:07pm
Quoting FibbinArchie
all down to the ben berwankey now, today's sell off could just be a shake out before we start moving back up, wouldn't be the first time, qe3 and it's likely hello 1.50 by next week..
Yeah, he could defy the politics and the published unofficial "leaking" signals and juice it. Nobody knows, and those who do probably don't want to risk a traceable leak.

Now I have to go and see if this burp got me long; don't think so, and really, hope not.

Later.
  • #3,268
  • Aug 25, 2011 3:11pm Aug 25, 2011 3:11pm
Quoting OldQuant
Yeah, he could defy the politics and the published unofficial "leaking" signals and juice it. Nobody knows, and those who do probably don't want to risk a traceable leak.

Now I have to go and see if this burp got me long; don't think so, and really, hope not.

Later.
rumour is that qe3 is unlikely, but wouldn't be the first time the news has been manipulated..

later oq, gl with the lg entry or not...
  • #3,269
  • Aug 25, 2011 3:12pm Aug 25, 2011 3:12pm
Quoting FibbinArchie
big plus is the support and access to bank trading funds, but yeah i see your point..
I don't know, if you really need that. I asked myself lots of times, why I hadn't started trading way earlier in life. That would have made many things far easier, than they were.
  • #3,270
  • Aug 25, 2011 3:15pm Aug 25, 2011 3:15pm
i feel the same!
Quoting Mr Hatch
I don't know, if you really need that. I asked myself lots of times, why I hadn't started trading way earlier in life. That would have made many things far easier, than they were.
  • #3,271
  • Aug 25, 2011 3:16pm Aug 25, 2011 3:16pm
Quoting Mr Hatch
I don't know, if you really need that. I asked myself lots of times, why I hadn't started trading way earlier in life. That would have made many things far easier, than they were.
huge sense of achievement if you make it on your own and aren't spoon fed everything i guess..
  • #3,272
  • Aug 25, 2011 3:16pm Aug 25, 2011 3:16pm
Quoting FibbinArchie
well i'm pushing 40, with a second from brunel (West London) uni, so i reckon i've got a good chance of securing a place on a prop desk with a fund, but as for getting into a bank, i think i've probably missed the boat.. you're 20? you've still got the whole world at your feet, i wish that i'd been so focussed at your age, but it was the late 80's and i got into the warehouse rave scene, which meant the next decade or so was just a bit of a blur really..
lol Archie... 27 here myself.

I think I am doing pretty good for myself...

Waited two years to go to college and started when I was 23. Then I got bored with working factories (and how shatty it was, dirty, and risks taken) so decided it was time to get my learn on.

Started college, went all year around, 19 credit hours a semester, and worked full time... 2.5 years for a bachelors degree.

Pretty much owned it... graduated with a 3.5... best I could do since I was working full time as well. Studied what I needed to study, but already had self taught myself how to program... so only needed to focus on the off topic classes (econ was a bastad, as I recall)... the programming, database, architecture, design, and project management stuff was breeze for me... But... I don't think I am that smart either... just average... I just get my ish done when it comes down to it.

But... as it turns out... corporate is just as boring as anything else out their... that, and the feckers have burnt me out.

Always looking forward to the next stage... woot!
  • #3,273
  • Aug 25, 2011 3:19pm Aug 25, 2011 3:19pm
Quoting Venice
lol Archie... 27 here myself.

I think I am doing pretty good for myself...

Waited two years to go to college and started when I was 23. Then I got bored with working factories (and how shatty it was, dirty, and risks taken) so decided it was time to get my learn on.

Started college, went all year around, 19 credit hours a semester, and worked full time... 2.5 years for a bachelors degree.

Pretty much owned it... graduated with a 3.5... best I could do since I was working full time as well. Studied what I needed to study, but already had self...
life is an adventure and you only get one shot, sounds like you have the right attitude...
  • #3,274
  • Aug 25, 2011 3:20pm Aug 25, 2011 3:20pm
Quoting FibbinArchie
life is an adventure and you only get one shot, sounds like you have the right attitude...
Yep... work hard to play hard so to speak. Have no problems getting my hands dirty for the rewards offered.
  • #3,275
  • Aug 25, 2011 3:21pm Aug 25, 2011 3:21pm
Quoting FibbinArchie
huge sense of achievement if you make it on your own and aren't spoon fed everything i guess..
it is, definitely, but grabbing what you can from experienced people isn't a shame either.

btw, magix and cloggie might have hit a nerve last night... *whistling*
  • #3,276
  • Aug 25, 2011 3:22pm Aug 25, 2011 3:22pm
Quoting Mr Hatch
it is, definitely, but grabbing what you can from experienced people isn't a shame either.

btw, magix and cloggie might have hit a nerve last night... *whistling*
Yeah... ken wasn't very happy with what went on, I'm afraid.
  • #3,277
  • Aug 25, 2011 3:23pm Aug 25, 2011 3:23pm
Nearly 35 myself Archie... Missed any boat here unfortunately also

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Quoting FibbinArchie
well i'm pushing 40, with a second from brunel (West London) uni, so i reckon i've got a good chance of securing a place on a prop desk with a fund, but as for getting into a bank, i think i've probably missed the boat.. you're 20? you've still got the whole world at your feet, i wish that i'd been so focussed at your age, but it was the late 80's and i got into the warehouse rave scene, which meant the next decade or so was just a bit of a blur really..
Disclaimer: Check your 1m charts
  • #3,278
  • Aug 25, 2011 3:25pm Aug 25, 2011 3:25pm
Quoting pipper
Nearly 35 myself Archie... Missed any boat here unfortunately also

http://www.youtube.com/watch?v=YFJdUJg4wOk
yep, pretty much sums up my misspent youth lol..

edit: seemed like a good idea at the time... nah kidding, no regrets..
  • #3,279
  • Aug 25, 2011 3:25pm Aug 25, 2011 3:25pm
Quoting Mr Hatch
it is, definitely, but grabbing what you can from experienced people isn't a shame either.

btw, magix and cloggie might have hit a nerve last night... *whistling*
why what happened?
  • #3,280
  • Aug 25, 2011 3:26pm Aug 25, 2011 3:26pm
Quoting cloggie
I even tried to visit the eurotrash thread to cure my boredom, but that thread has really gone down the pan, what do you call an !d!ot that does not even warrant the term muppet? Need to find a term for that one.... hmmmmmm. POS maybe?


Ah well, going to have some dinner here. Will have a few glasses of red, that should make me feel a bit better.



l8r.
you can look for 10v+ muppets instead.... just a thought....
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