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A DAY IN THE LIFE OF A TRADER

A DAY IN THE LIFE OF A TRADER. TRADING VS INVESTING. Trading… Short Term Investing… Long Term Buy a stock… if it goes up, it was a trade. If it goes down, it was an investment. Guess what the other guessers are guessing before they have guessed it. Up or down… 7/7? Post US bank bailout?

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A DAY IN THE LIFE OF A TRADER

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  1. A DAY IN THE LIFE OF A TRADER

  2. TRADING VS INVESTING • Trading… Short Term • Investing… Long Term • Buy a stock… if it goes up, it was a trade. If it goes down, it was an investment. • Guess what the other guessers are guessing before they have guessed it. • Up or down… 7/7? Post US bank bailout? • Enjoy the feeling of group certainty you have at university. If all of you ever feel that sure about anything again, then you’re in a bubble.

  3. BUY SIDE / SELL SIDE… • SELL SIDE: Come up with ideas, make phone calls, pay for lunch… Analysts, Stockbrokers • BUY SIDE: Also come up with ideas (but worth paying 0.2% to hear a 10% idea), receive phone calls, never pay for lunch… Fund Managers, Proprietary Traders (Prop) at Investment Banks • If you like Maths, be an Analyst, Trader, FM • If you like to talk, you should work in Sales • Either way, an Economics degree will help... • It’s good to be able to talk Macro, but an instinctive understanding of Micro is CRUCIAL

  4. WELCOME TO YOUR LIFE

  5. AVERAGE DAY… 6AM: START WORK

  6. CATCH UP WITH ASIA/US…

  7. NEWS… NEEDLE IN A HAYSTACK

  8. EARNINGS, EARNINGS... MORE EARNINGS • HEINEKEN T/S: Sales €4.645m (4.541e), Organic volume rises 2.2% (-1.0% est), Organic revs +3.0% . Reaffirms outlook. • PEUGEOT Q3 Sales €13.45bn vs est €13.21bn.  Says Auto Div Operating Profit to be near breakeven.  Sees €700m -ve impact from RM, planning €800m cost cuts in 2012.  Reports in Les Echoes also suggest they are planning to double production in Brazil... called -2% • MERCK 3Q Revs €2.53bn (2.50e), Net Income €227m (179.3e), Core EPS 1.91 (1.67e). Cuts 2011 rev forecast to €10bn - €10.2bn from €10bn – €10.4bn

  9. CNBC – BLAH BLAH BLAH

  10. DATA: THE DAY AHEAD

  11. 8AM: MARKETS OPEN ACROSS EUROPE

  12. SEE HOW YOUR IDEAS ARE DOING

  13. IDEAS, IDEAS, IDEAS... SELL PHILIPS?

  14. 12pm: LUNCH, BUT AT YOUR DESK

  15. 1.30PM US DATA, 2.30PM NYSE OPENS

  16. COPPER BREAK OUT?

  17. DOESN’T HAVE TO BE COMPLICATED

  18. 4.30PM, EUROPE CLOSES, US STAYS TILL 9PM

  19. 1ST CUP FINAL AT THE NEW WEMBLEY

  20. I LOVE MARTIN JOL, MARTIN JOL LOVES ME

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