What a long, strange year it’s been. One year ago today, I made my first descent to the third floor of 12 Engle Street as an employee of “TFG Investments.” I came with no idea of what lay before me. My interview had been brief, almost alarmingly brief, and while I learned the textbook definition of a hedge fund in college, I barely understood what went on behind closed doors. That day I took the following notes:
o Ambiguity is the killer of trading desks
o Kill the trade before it kills you
o Trades are easy to get into but hard to get out of
o When you are having a bad day, you need to learn a lesson and not repeat mistakes; think of lost $ as tuition
There was no warm up round; I was thrown into the pool headfirst told to swim. While it seemed painful at the time, in hindsight I am thankful for my trial by fire. If you need any proof, realize that these four lessons are just as applicable today as they were a year ago. Over the course of the past year I have learned an immense amount of information including the answers to my question from that day including “What does it mean when the market is coming in?” “Define a shakeout?” and most notably “What are orders?” I only hope I am fortunate enough to spend another to spend another year in this seat to learn, experience, and continue on my journey.