Need some guidance...

Discussion in 'Commodity Futures' started by CHcommodities, Jul 16, 2019.

  1. ElCubano

    ElCubano

    you should start a career/life advice Instagram page. Id bet you'd get a lot of followers, then make money as an influencer hahah.
     
    #11     Jul 16, 2019
    dozu888 likes this.
  2. Wheezooo

    Wheezooo

    My personal recommendation is to go for a scheduling position. That will be the easiest route for entry. Getting onto a trading desk from there will be a bit tricky though. Will require you befriend someone on a desk once you are working there and hope they bring you on to clerk for them. Not impossible, but will require you to make some effort. As for graduate program I do not understand. A scheduler is pretty damn base level and requires no previous experience in the trade.

    Your other option is to hang out in strip clubs on Westheimer. :)

    Good Luck
     
    Last edited: Jul 16, 2019
    #12     Jul 16, 2019
  3. bone

    bone

    Take as many Geology and Energy Resources classes as you can before you graduate. In fact - stay in school a few more semesters and major in Geology.
     
    #13     Jul 17, 2019
  4. Wheezooo

    Wheezooo

    To trade NG???? Absolutely unnecessary. With all due respect, that is terrible advice.
     
    #14     Jul 17, 2019
  5. bone

    bone

    Sorry to burst your bubble, but fresh faced 21 year olds don’t slide right into NG Trader positions. Nope. And hydrocarbons Companies will look at a Geology degree faster than a Marketing degree. Ask T. Boone Pickens.

    He needs to get his foot into the door - and hydrocarbon Trading desk analysts don’t have Marketing degrees.
     
    #15     Jul 17, 2019
    murray t turtle likes this.
  6. Wheezooo

    Wheezooo

    Thanks. I was a senior officer and the head of trading at what the OP would refer to as a supermajor, with a specialization in complex synthetic derivative structuring.

    Maybe you misread his post. He said he had no math/econ and analyst is out. I agree. Furthermore none of my desks had analysts on them. Those were on another floor and entirely ignored. Their influence on trades and traders = 0.

    He further stated he wanted to eventually trade NG . Somewhere in my response I clearly implied, that's going to take some schmoozing after getting a foot in the door. Obviously he isn't getting hired onto a trading desk with his current CV, unless it's a great state school where he performed exceptionally well, and even then it's doubtful.

    With this in consideration I think his only, and easiest, opportunity to get on a trading floor and interact directly with traders is as a scheduler. That certainly doesn't doesn't require any specific education, although accounting would be nice. Geology, to move gas from Permian to Chicago City Gate, worthless.

    Then again. Geology to price some power plant, determine if Dec NG Fu looks fat to Apr, calculate the value of a salt mine, or determine how much to pay for transport on some pipe, meaningless as well.

    - Regards
     
    Last edited: Jul 17, 2019
    #16     Jul 17, 2019