How To Break Into Quant Trading (As A Trader)

Introduction

Hey there, fellow traders! It's Coding Jesus here, and in this video, I'm going to share with you three things that are crucial for breaking into the exciting world of proprietary trading. Whether you're a trader, a quant trader, or aspiring to be one, these steps are essential.

But first, a quick introduction for those of you who are new to my channel. My name is Coding Jesus, and I'm a quant developer. I write code to interface with exchanges, and I build trading applications for the firm I work at. Now, let's dive into the steps you need to take to pave your way to success.

Step 1: Get a Degree in Math or Economics

The first thing you need to do is get yourself a degree in either math or economics. Now, if you already have a business degree and want to make the shift into the trading industry, it's still possible, but it might be a little tougher. You'll need to prove your hunger and grind harder to show potential employers that you're serious.

But if you're still in school or considering a change in degrees, opt for a degree in math or economics. Math, in particular, will give you an edge during interviews where you might face math-related questions or even an IQ test component. Being comfortable with numbers and having the ability to analyze data in your head is crucial in this field.

Step 2: Dive into the World of Options with Sheldon Natenberg

Alright, folks, here's the real secret sauce: Sheldon Natenberg's book, "Option Volatility and Pricing: Advanced Trading Strategies and Techniques." This 540-page masterpiece is the Holy Grail of trading resources. I read it myself when I transitioned into the industry, and boy, did it prepare me!

Now, you don't have to memorize every page (who has that much RAM in their brain anyway?). But retaining at least 50% of the knowledge from this book will impress your interviewers and give you a significant advantage. They might even ask you to sign a contract right then and there! So, forget about scouring the internet for videos and other resources. All you need is this book!

Step 3: Gain Trading Experience

Ah, the final piece of the puzzle - trading experience. But wait, hold your horses. Don't go telling potential employers that you're a day trader or that you rely solely on technical indicators. Trust me, you'll get laughed out of the room faster than you can say "bull market."

Instead, what you need to do is open a brokerage account, deposit maybe $500, and start dabbling with options. Think of a trading strategy and execute those trades. The reason for this is simple. When you walk into an interview, imagine the credibility you'll have if you can say, "I implemented the XYZ strategy, and let me tell you all about it."

Having hands-on experience with different trading strategies, especially options, will make you stand out from the crowd. It's particularly significant if you don't have a background in business, economics, or math. Combine this experience with a math degree and retention of Natenberg's wisdom, and you'll be ahead of 98% of other candidates for that coveted junior position.

The Perks of Success in Proprietary Trading

Congratulations, my friends! You made it through the door and now have the chance to reap the rewards. As a junior trader, you can expect to be paid in the range of $150,000 to $200,000 per year. And that's not all! Performance-based bonuses could add a few hundred thousand dollars, or even millions, to your pockets.

But hey, that's not the best part. Brace yourselves, because as your success grows, you'll start receiving visits from exotic women (or men, depending on your preference). Your DMs will be blowing up like never before. Talk about living the high life!

Conclusion and Extra Support for Aspiring Traders

That wraps up this video, folks. I hope you found it valuable and entertaining. If you liked what you saw, give me a thumbs up, hit that subscribe button, and share the video with your friends who also want to delve into the exciting world of trading. Together, let's spread the gospel of Coding Jesus!

If you're interested in a resume review to land a junior trader position at renowned companies like FANG, I'm here to help. Check out the Calendly link in the description box below. And remember, the only resource you truly need is Natenberg's book, so grab a copy and dive into the mesmerizing world of proprietary trading.

Stay tuned for more valuable insights and join our vibrant community through the Discord link in the description box. Thanks for watching, my friends. Cheers to a successful and thrilling trading journey!