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The Trading Pitt

The Trading Pitt . September 20 th , 2010. What the Trading Pitt is about. Teaching a set of trading skills Getting members on Wall Street Educating people about all kinds of financial products Networking Different than every other University and club in the United States

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The Trading Pitt

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  1. The Trading Pitt September 20th, 2010

  2. What the Trading Pitt is about • Teaching a set of trading skills • Getting members on Wall Street • Educating people about all kinds of financial products • Networking • Different than every other University and club in the United States • Turn Pitt into a recruiting center for traders and finance jobs

  3. Plans • Two meetings a week: General and the Trading Course • Visits • Trading Competitions • Career Path Directory / Finance Universe • Workshops • Speakers • Sponsors

  4. Trading as a Career • Complete Independence • Challenging • Instant performance feedback • Play a part in the financial markets which affect everything • Always in demand if your good • Hard Work and Preparation are part of the job • Full Responsibility from early on. • Your nobody’s mail clerk

  5. Why Investing is just long term Trading • Buy and Hold has led to terrible returns in previous years • Good in concept • Traditional investment models only work if other market players care about them • Overall stock market prices are a function of how much money flows to equities. • The thought that intraday trading or even over a week period stock price movements are random

  6. AUD/USD

  7. Aud/USD

  8. Intraday (60 Min) Top and Daily Chart (Bottom)

  9. GBP/usd Daily

  10. GBP/USD 60 Min Rangebound Example

  11. Daily cHART AUD/JPY

  12. 60 Min Chart Aud/JPY

  13. Investing without an exit plan • The stock trades against you and you buy more • The stock trades against you and you hold it • The stock trades against you, panic, then you make up your exit plan and sell out at the bottom. • The stock trades against you and you make the excuse that I am young and can deal with losses now. • Investing without an exit plan is dangerous. • “Investing” sounds good under the premise that stocks always go up – Yet this isn’t true

  14. S&P 500 S&P 500 is still down 28% from its peak

  15. 35k High Nikkei 225 Since 1990 is down 72% from its Peak

  16. Fundamental Analysis • Fundamental Analysis without a methodical approach is hard to get consistent results • With disciplined rules it becomes often becomes quantitative investing. • CANSLIM Method is one of the best strategies out there for picking strong fundamental companies and stocks

  17. Trading Skills • Pattern Recognition • Developing your own playbook • Making trades that make the most sense to you. • Buying Strong Stocks and Selling Weak stocks will improve returns substantially regardless of the overall market. • Independence • Technical trading is consistent though what works today may not necessarily work tomorrow. • These skills will not only play a role if you want to become a trader, but also help you do something with your money when you get a job.

  18. Recent Market Analysis • Recently the correlation between stocks in the S&P was around .9 • Meaning that regardless of the vast difference between stocks the majority of them moved with the market • Alpha is hard to produce with all the Quants and HFT players in the market.

  19. Questions? • Send us an email at thetradinpitt@gmail.com or me at steve.mcmannis@gmail.com • Check out the website http://www.pitt.edu/~sorc/trade/ • Trading Pitt Logo? • Interested in Opportunities?

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