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What is a good entry level position in investment banking? |
i have a backgorund in government and I'm thinking that compliance would be a good way to go. Heh. The question was about jobs, not trading strategies. If you're solid at sales, it will show through during the interview. Lots of people change jobs and get into the finance industry, so you wouldn't be the first. Go for something you think you would enjoy doing. Report It Compliance is not a bad way to get in the industry to learn about it because most of the entry-level research jobs go to college grads that they can put through the 2 year program. Report It A good entry is one that initiates a trade at a point of low potential risk and high potential reward. A point of low risk is usually a point from which there is little adverse excursion before the market begins to move in the trade鈥檚 favor. Entries that yield small adverse excursions on successful trades are desirable because they permit fairly tight stops to be set, thereby minimizing risk. A good entry should also have a high probability of being followed quickly by favorable movement in the market. Trades that languish before finally taking off tie up money that might be better used elsewhere; not only do such trades increase market exposure, but they waste margin and lead to 鈥渕argin-ineffCent鈥?trading or portfolios. Perfect entries would involve buying the exact lows of bottoming points and selling the exact highs of topping points. Such entries hardly ever occur in the real world and are not necessary for successful trading. For trading success it is merely necessary that entries, when coupled with reasonable exits, produce trading systems that have good overall performance characteristics. |
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