@Stoney almost daily says he’s the best trader on Elite. A GBA apprenticeship, the OP can massage Stoney’s thick legs as payment
Concur. All you need to do is mention every ticker hitting the tape that is higher on the day. Ignore the losers and hype the winners in the days/weeks/months that follow.
like all the stupid ass supposedly wallstreet news shit post that a certain honda S 2000 driver post every day?
Good Evening attocel44, Great post! Questions please: 1. What is your definition of a mentorship in day trading? 2. What are the detailed requirements of the mentor before you hire the mentor to teach you day trading? 3. What is your expectations/goals/outcome of the mentorship? 4. What type of trading results you want to witness in your own trading during or after the mentorship to confirm the mentorship is meeting the requirements of your trading goals? 5. How soon do you want to witness trading results from the mentorship? 6. What will you do if the mentorship is showing your negative trading results? 7. How much money are you willing to pay for trading mentorship? 8. Do you need the trading mentorship to be free at zero cost? 9. What type of proof, documentation, credentials etc, shall the mentor provide you to confirm the mentor meet your mentorship expectations? Thank you,
Don't expect anyone to give you anything real and working. Everyone out there teaches the same things and indicators that works half of the time only. 50% random accuracy. Can't get anywhere with that. Try to reverse engineer the daily S&P using options to make real money. Capture those expectations and main moves. It won't happen overnight, but keep hacking away at it. Continual refinement. Anything worthwhile takes time and discovery and wisdoms.
You say you're willing to relocate, then you should be able to go to any of the below listed Universities if they accept you into their school and then into their business/finance school programs. Yet, I would suggest you focus on Behavior Finance in which some of the below schools offer programs or degrees...at the minimum get a minor in Behavior Finance. Now, before you start scratching your head, I want you to know a few members of this forums actually transferred from their university to one of the below listed universities. Today, two of them are working for institutional trading firms, another working for a top fund...one in New York and the other in Chicago. Almost all of the below schools have images on the internet showing their trading rooms on campus plus a list of the top financial institutional trading firms who sponsors their trading rooms. The below list is about 11 years old but almost all of them are still listed as tops for job placement at institutional trading firms and funds regularly recruit from those universities. Further, many from the below list compete in the famous international collegiate trading competition... The Rotman International Trading Competition (RITC) hosted by the Rotman School of Management at the University of Toronto. It involved teams of students competing in a simulated market environment, using the Rotman FRT-Lab's experiential tools. The competition included various scenarios like open outcry, options, liquidity, and algorithmic trading. I've had the opportunity to visit a few of the below listed schools and their trading rooms when my youngest (daughter), middle child (son) and I traveled across North America one summer visiting universities to help them narrow down their choices of which University to attend. The school their mom attended, the two schools I attended, and the school my oldest attended didn't make the cut as choices for my two youngest kids. One of the listed schools below has probably the best parties on their Greek street accordingly to a party ranking of top universities in North America...party, money, girls...any other better combination while learning how to make money (rhetorical). ------- All of the below listed universities have financial market trading rooms to provide hands-on experience for students. Some prominent examples include Harvard University, MIT, New York University, Stanford University, UC Berkeley, University of Chicago, and University of Pennsylvania...although these are schools who performed well in past Rotman Trading Competitions of the past. These institutions offer specialized programs and facilities to train students in financial markets, often utilizing real-time data and trading simulations AMHERST COLLEGE B.A. Economics, Mathematics, or Statistics Amherst, Mass. APPLIED/ACCEPTED: 7,927 applied/1,132 accepted (14%) PROGRAM TERM: Amherst is a four-year liberal arts college. CLASS SIZE: 466 in each year PROGRAM DESCRIPTION: Amherst College is regularly cited as one of the top five liberal arts colleges in the United States. Although it has no business program or finance major, the quality of its economics department and strength of its alumni network helped get it on make the list, the only undergraduate program to do so. There will be a new major in statistics in 2014. PROGRAM HIGHLIGHTS: Amherst offers the bachelor of arts degree in 38 fields of study in the arts, sciences, social sciences and humanities. Students are not required to study a core curriculum or take distribution requirements. Instead, first-year students enroll in one of more than 20 first-year seminars aimed at the interdisciplinary environment of a liberal arts institution. Students may have more than one major, customize their own interdisciplinary major, or pursue independent scholarship. Many students opt for honors theses during their senior year, which are often the equivalent of graduate-level studies. PROGRAM DIRECTORS: Professors Jessica Reyes, chair of the economics department, and David Cox, chair of mathematics and statistics. PROFESSIONAL PLACEMENT: Along with the Ivies and other elite liberal arts schools, Amherst is a target recruiting school for many of finance’s top firms. Students can rely on the alumni mentoring system to help them set career goals and strategies. Amherst also offers assistance in applying to graduate schools. COLUMBIA UNIVERSITY Columbia Business School Master of Science in Financial Engineering (M.S.F.E.) New York, N.Y. APPLIED/ACCEPTED: 1,200 applicant/ 75 to 85 enrolled (~6%) PROGRAM TERM: 12 – 16 months CLASS SIZE: 75 – 85 enrolled, 10 students in a seminar class, 20 – 85 in a lecture course PROGRAM DESCRIPTION: Columbia’s financial engineering program falls under the university’s Department of Industrial Engineering and Operations Research. Students have a choice of four concentrations: asset management, computational finance/trading systems, dserivatives, and finance and economics. The program is divided into two halves: first, a deep dive into the tools of the trade and how to create financial market models and instruments. Courses focus on stochastic processes, optimization, numerical techniques, Monte Carlo simulation and data analysis. The second half focuses on in-depth classes that include the term structure of interest rates, market volatility and financial engineering programming. PROGRAM HIGHLIGHTS: Columbia offers both part-time internships during the school year and full-time positions during summer months. Students have access to high-speed workstations and Bloomberg terminals in the class. The program hosts a Financial Engineering Practitioners Seminar on Monday nights where Wall Street and industry professionals share research, market insights and experience. Each student has access to a career-placement liaison to develop internship and job placement. PROGRAM DIRECTOR: Emanuel Derman became director of Columbia’s financial engineering program in 2003. He is also head of risk management at Prisma Capital Partners and co-author of the Black-Derman-Toy interest rate model and the Derman-Kani local volatility model. Derman was a managing director at Goldman Sachs and is the author of “My Life as a Quant” and “Models. Behaving. Badly.” PROFESSIONAL PLACEMENT: 100 percent of 2013 grads seeking employment were placed inside financial firms and earn base salaries ranging from $60,000 to $120,000. Hiring companies include AQR, AXA Equitable, Barclays Capital, Bloomberg, BlackRock, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Moody’s, Morgan Stanley, Nomura, Societe Societe Generale, UBS among others. CORNELL UNIVERSITY Cornell Financial Engineering Manhattan / M.F.E. Degree Ithaca, N.Y. and New York City APPLIED/ACCEPTED: 600-700 applications vs. / 40-48 enrolled (~7%) PROGRAM TERM: 1.5 years CLASS SIZE: 35 to 45 students PROGRAM DESCRIPTION: Cornell’s financial engineering program is offered by the university’s School of Operations Research and Information Engineering (ORIE) at its College of Engineering in Ithaca, N.Y. The program’s final semester goes under the banner of Cornell Financial Engineering Manhattan (CFEM) and takes place on Broad Street in New York’s financial district. Cornell highlights the program’s proximity to Wall Street as a key for networking and finding internships. PROGRAM HIGHLIGHTS: CFEM boasts a video system that broadcasts lectures and seminars between the main upstate college and the Manhattan campus. The lecturers hail from Wall Street firms, and the college claims that it “enhances the practitioner-taught curriculum, which is updated every year to respond to the changing demands of the financial services industry.” Classes are centered around project teams sponsored by leading financial firms, and these projects range from building high-frequency trading and hedging strategies to trading and predictive models. Students are strongly urged to participate in a summer internship before the third semester. M.F.E. students have free access to Cornell’s Center for Advanced Computing grid network. PROGRAM DIRECTOR: Victoria Averbukh Kulikov’s courses emphasize practical and transaction-oriented approach to valuation and pricing of interest-rate securities. In addition, her courses include presentation and independent project components to encourage students to learn the relevant issues in the financial markets and practice their ability to present technical content to a wide audience. She has worked at Salomon Brothers and UBS. PROFESSIONAL PLACEMENT: Cornell aims for 100 percent placement of its graduates. The program includes a career boot camp held in August one week before the start of the fall semester. HARVARD UNIVERSITY Harvard Business School Cambridge, Mass. APPLIED/ACCEPTED: 9,315 applied/932 accepted (120%) PROGRAM TERM: Traditional 2 two-year MBA program. CLASS SIZE: Not available PROGRAM DESCRIPTION: Harvard Business School consists of case-method learning and a hands-on Field Immersion Experiences for Leadership Development (FIELD) course that aims to put leadership into practice via teamwork, personal reflection, global immersions, and hands-on experience in designing and launching a microbusiness. After a first semester of required courses, the second semester includes launching a mircrobusiness; the third is composed of electives that allow students the flexibility to concentrate their MBA in a particular interest; and the fourth semester, students can cross-register at MIT Sloan and other graduate schools at Harvard. PROGRAM HIGHLIGHTS: Harvard Business School claims to have “unparalleled” resources and alumni networking possibilities. The Finance unit within HBS, along with access to MIT’s curriculum, offers the chance to focus on mathematical finance within the business program. PROGRAM DIRECTOR: Benjamin C. Esty heads the finance unit. Nitin Nohria is the dean of the business school and the author of 16 books, including “In Their Time: The Greatest Business Leaders of the 20thth Century.” PROFESSIONAL PLACEMENT: In the last three years, hiring within three months of graduation has wavered between 87 and 93 percent. Graduates seeking finance positions make up 35 percent of the graduating class, and the median starting salary for finance practitioners is $125,000. MASSACHUSETTS INSTITUTE OF TECHNOLOGY MIT/Sloan School of Business Cambridge, Mass. PROGRAM TERM: One year APPLIED/ACCEPTED: 1,583 applied /127 enrolled (8%) CLASS SIZE: 127 PROGRAM DESCRIPTION: The Master’s in Finance is a single-year program that begins with a summer intensive in finance theory and corporate accounting, and is followed by collaborative projects that focus on solving real-world problems. The MIT/Sloan program prides itself on allowing students to pursue their own interests within its academic environment. PROGRAM HIGHLIGHTS: MIT prides itself as a pioneer in the field of finance and quant trading. The precursor to the program, the MIT Sloan Finance Group, was founded in the late 1960s, and its professors and graduates are a who’s of financial giants: Fischer Black, John Cox, Robert Merton, Franco Modigliani, Stewart Myers, and Myron Scholes. The program boasts such financial economic innovations as the Black-Scholes/Merton option-pricing model; the Modigliani-Miller theorems; continuous-time models of consumption and portfolio choice; applications of option-pricing theory to real investments, corporate finance, and other real options; equilibrium models of the term structure of interest rates; binomial option-pricing; and the risk-neutral pricing kernel for pricing derivative securities. PROGRAM DIRECTOR: Heidi Pickett. She notes that last year’s class included students interested in “non-traditional roles” in the public sector and in entrepreneurial organizations, where they will leverage their foundation in finance. “What is interesting about our class is that five central banks and two sovereign wealth funds are sponsoring their top talent for our program,” she said. PROFESSIONAL PLACEMENT: In the last two years, graduates have been placed at A.T. Kearney, Applied Predictive Technologies, Bank of America Merrill Lynch, BlackRock, Boston Consulting Group, CITI, Credit Suisse, Deloitte, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Oliver Wyman, State Street and UBS. NEW YORK UNIVERSITY Courant Institute of Mathematical Sciences/Master’s of Science of Mathematics in Finance (M.S.M.F.) New York, N.Y. APPLIED/ACCEPTED: Only 10 percent of applicants from around the world are accepted. PROGRAM TERM: The program consists of 12 courses (11 one-semester courses plus the master’s project), to be completed over three semesters or 1.5 years. CLASS SIZE: 120 students; 35-40 full- time, with the remainder split between part-time and non-degreed students. PROGRAM DESCRIPTION: The M.S.M.F is a professional master’s program with a strong pragmatic component, including courses rooted in practical applications and student mentoring by finance professionals. The curriculum has five hubs: computational training, financial theory and modeling, mathematical tools, financial applications, and real-world training. Classes drill down on risk, derivatives securities and portfolio management with econometrics. Electives include algorithmic trading and quantitative strategies, energy derivatives, foreign exchange, statistical arbitrage and more. NYU students are expected to find internships inside financial banking and investment firms during the summer break. PROGRAM HIGHLIGHTS: A weekly seminar series features lecturers from leading Wall Street establishments. Evening classes are also available. PROGRAM DIRECTOR: As a veteran of Goldman Sachs Asset Management’s quantitative strategies group, Peter Kolm used his knowledge from his Ph.D. in mathematics from Yale University, as well the degrees he earned from the Royal Institute of Technology in Stockholm and ETH Zurich. He entered NYU in 2007 as a clinical associate professor of mathematics and as the deputy director of the mathematics in finance M.S. program in 2007. PROFESSIONAL PLACEMENT: Graduates have found careers in all aspects of the banking and investment arena, such as the fields of asset management, trading, research and risk management. Graduates have been hired inside such institutions as BlackRock, Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch and moreothers. In 2010 and 2011, NYU claims the placement rate was nearly 99 percent, while in 2012, more than 85 percent of graduates found positions. STANFORD UNIVERSITY Institute for Computational and Mathematical Engineering MS in Mathematical and Computational Finance (formerly the Masters of Science in Financial Mathematics) Palo Alto, Calif. APPLIED/ACCEPTED: Not available, as this program is new in this format PROGRAM TERM: 15 months, including a summer internship. (The last quarter has a lighter course load to allow students time for job interviews.) CLASS SIZE: 45 PROGRAM DESCRIPTION: This is the inaugural year for the program in this format, although financial mathematics has been offered by Stanford since 1999. A steering committee was tasked with creating a leading-edge program to adapt to the evolving field, by focusing on a more computational and data-oriented approach to mathematical finance, better use of information technology and data, and better models and strategies for investments, risk management and regulatory reforms. PROGRAM HIGHLIGHTS: Stanford founded the Financial and Risk Modeling Institute (FARM) at Stanford in 2012. This was largely in response to the financial crisis, which Stanford faculty viewed as exposing weakness in traditional financial models, pricing and hedging theories, risk measures and management of derivative securities and structured products. The shift to the new degree will incorporate integration with FARM, by adopting a more computational and data-oriented approach. PROGRAM DIRECTOR: Margot Gerritson is associate professor of energy resources engineering and director of the Institute for Computational and Mathematical Engineering. She completed her Ph.D at Stanford in 1997. PROFESSIONAL PLACEMENT: Current statistics are not available for the new program. UNIVERSITY OF CALIFORNIA AT BERKELEY Haas School of Business Master’s in Financial Engineering Berkeley, Calif. APPLIED/ACCEPTED: 463 applied/88 accepted (19%) PROGRAM TERM: One year. All students must complete a 10-12 week internship or comparable off-campus project. CLASS SIZE: 68 PROGRAM DESCRIPTION: Berkeley boasts that the Haas M.F.E. program is unique, thanks to being one of the nation’s engineering programs that is offered within a business school. The program focuses on computational finance within the context of business and economic principles. After students complete three-quarters of the M.F.E. program, they are expected to sign up for 12-week internship program from October to January. PROGRAM HIGHLIGHTS: The required internship at Berkeley’s M.F.E. creates a focus on career development. Early on, students conduct mock interviews with alumni and field professionals to prepare for the internship phase of their career. The school has ties to practitioners at Citibank, BlackRock and Goldman Sachs. At the program’s culmination, graduates are offered jobs as risk managers, investment bankers, derivative traders, designers of specialized securities, and financial engineers. Berkeley claims to have the highest starting salaries of among any similar programs. PROGRAM DIRECTOR: Professors Linda Kreitzman, David Pyle and John O’Brien launched the program in 2000. PROFESSIONAL PLACEMENT: Although Berkeley does not drop names, 100 percent of last year’s class of M.F.E. graduates was placed at firms in the world’s top financial markets in New York, London, and Tokyo. UNIVERSITY OF CHICAGO Master’s of Science of Financial Mathematics Chicago, Illinois and Singapore (Students can apply to the program in either location, and the course of study is the same in each program.) APPLIED/ACCEPTED: Not available PROGRAM TERM: Students must complete nine courses to graduate. Full-time students are given nine months to complete the course, while part-timers have up to three years. The program must be completed within four years, per UofC demands. CLASS SIZE: 90 students. PROGRAM DESCRIPTION: The M.S.F.M. program is part of the university’s Department of Financial Mathematics. It examines the relationship between theoretical and applied mathematics and its role in business and trading. The student’s syllabus includes portfolio and risk management and mitigation, stochastic calculus, regression analysis and quantitative trading. PROGRAM HIGHLIGHTS: To simulate a real trading floor, students have access to live Bloomberg and Thomson Reuters Eikon screens. The University of Chicago is a member of Trading Technologies’ university program and they are trained how to use TT’s X_Trader program in on a suimulated trading floor. The school also has a campus in Stamford, Conn., but it is only accessible to UBS employees and clients of the Swiss bank. PROGRAM DIRECTOR: William DeRonne heads the University of Chicago M.S.F.M. program. Prior to his tenure as executive director, he was president and chief compliance officer at Fox River Financial Resources. He has overseen traders at TradeLink, Market Liquidity Network and Chicago Research & Trading. PROFESSIONAL PLACEMENT: Graduates of the M.S.F.M. program have found postings as traders, analysts, engineers , and quantitative researchers inside Goldman Sachs, J.P. Morgan, UBS and other leading institutions. UNIVERSITY OF PENNSYLVANIA Wharton School of Business M.B.A. with a major in Finance Philadelphia, Penn. APPLIED/ACCEPTED: 6,036 applied, /1,000 accepted (17%) PROGRAM TERM: Two years, beginning with a pre-term intensive program CLASS SIZE: Not available PROGRAM DESCRIPTION: This two-year program focuses on management and allows students to customize their curriculum. The program boasts 200 electives to choose from within the business school. The finance department has four areas of specialization: banking and financial institutions, corporate finance, financial instruments and portfolio management, and international finance. Compared with the other programs that made our list, Wharton is by far the most generalist. However, students at Wharton do have access to the hundreds of courses offered at the graduate level at the University of Pennsylvania, giving them the opportunity to customize their program to a more technical, analytical level. PROGRAM HIGHLIGHTS: The nation’s first business school, founded in 1881, just opened a San Francisco campus at the base of the Bay Bridge in addition to its Philadelphia campus. Professional placements include firms all over the world, and students have opportunities to network and collaborate with colleagues immersed in projects involving dual degrees, international study, and foreign and domestic policy issues. Wharton places a high importance on student life and encourages networking by assigning each student to a cluster of 210 students and a cohort of 70. These groups participate in activities and competitions and create a foundation for each student’s graduate experience. PROGRAM DIRECTOR: David K. Musto is a former programmer with Trout Trading Company and a systems consultant at Roll & Ross Asset Management. Interestingly, although the finance department is part of the more general MBA degree, the department chair is a professor with programming and systems experience. PROFESSIONAL PLACEMENT: Wharton does not disclose placements for individual majors; however, in 2013, MBA grads were placed at many major firms including Blackstone Group, Citi, Credit Suisse, Goldman Sachs, Google, J.P. Morgan, Lazard, McKinsey, Morgan Stanley, UBS, Warburg Pincus and others. Past place winners in the Rotman International Trading Competition are listed below. Today's trading wiz champions are coming out of Baruch College...they are young and hungry. I believe they've been dominating because some of the top trading firms in the world have been sponsoring them the past 10 years and recruiting the top traders from the university. I've heard they plan to add a Behavior Finance program too when they move psychology of financial decision-making classes from the school of Psychology. Universities with the top Behavior Finance programs: wrbtrader
It's the first time I heard of that Rotman Trading Competition. But what's the bottom line....what are the performance numbers of the winner....I tried quickly searching the web but couldn't find anything. All of those academic trading teams look all smart but they just match the S&P annual average. Just like most fund managers.
They list the performance numbers soon after each competition but then within a few months after each competition...they stop listing the performance numbers for each category in the competition although I don't know why. Simply, they now only show the "overall" winner and not the winning university in each designated category of the competition. I equate it to a sports Track & Field competition...there's overall team place winners and then there's the winners of individual categories. The years that I monitored the performance numbers, the winners exceeded the S&P average that year at a minimum of 5x in some of the categories involving comparison to the S&P. Maybe that's why competitors from the Rotman Competition who place high and are graduating...they're heavily recruited by top international financial institution trading/fund firms. Many others who are not graduating just yet are often offered internships. Yet, the performance numbers is not what impressed me. It's the consistency year after year that some of the universities have in the competition to show that being the tops schools in the world tend to be consistent in the financial markets to show it is not "chance" or "luck". I had chance meetings with a few individuals who did well for their university in 2019, 2012, 2011...they're working for top firms out of Chicago although one recently relocated in 2022 to Miami. We stay in touch because I'm good friends with his old man (a ski buddy) who's a professor at Université Laval that's not too far away from my home here in Québec, Canada. Simply, I can not imagine a better opportunity to be surrounded by other students at any of those universities on the list with sponsors from top financial institutions in the world especially if the student has plans to work for one of them in New York, Chicago, London, Hong Kong, Tokyo (Tokyo is not shown on the below image because my laptop screen was too small) et cetera. Here's a little more in-depth detail about the categories in 2023 by one of the top schools although they do not show specific performance numbers in comparison to the S&P @ https://quantnet.com/threads/baruch...e-past-8-years-all-time-scoring-record.53516/ As stated, many years in the past they use to show specific performance numbers of the competition in comparison to real world financial market leaders. wrbtrader