In this episode, host Dan welcomes Rick, an emerging voice in the trading world, who shares his unique journey from growing up in Bergen County, New Jersey, to studying finance at Fordham University. Rick discusses the fast-paced environment of his upbringing and how it shaped his direct and ambitious personality. He reflects on his early uncertainty about his career path, driven by a desire for financial success. The conversation dives into the intricacies of trading, the importance of acting swiftly in the market, and the balance of making money for clients while also benefiting oneself. Tune in for an insightful look at the mindset of a trader who operates away from the spotlight.
Timestamps
00:00:00 - Introduction and Career Beginnings
00:00:39 - Early Life and Education
00:01:05 - First Job at J.P. Morgan
00:02:31 - Transition to Equity Capital Markets
00:04:08 - Moving to First New York Securities
00:05:54 - Role as an Analyst in Event-Driven Trading
00:07:29 - Experience at National Bank of Canada
00:08:22 - Financial Crisis and Job Loss
00:09:03 - Returning to First New York
00:10:06 - Discovering a New Trading Strategy
00:12:13 - Adapting to Market Changes
00:13:52 - Importance of News in Trading
00:15:55 - Risk Management in Event-Driven Trading
00:17:06 - Example of a Recent Trade
00:20:52 - The Role of Tape Reading
00:23:12 - Challenges in Transitioning from Analyst to Trader
00:25:29 - Identifying Relevant Events
00:31:00 - Trading in the Pre-Market
00:34:02 - Examples of Bad Trades
00:37:02 - Learning from Mistakes
00:41:37 - Evolution as a Trader
00:43:49 - Considering Giving Up
00:47:03 - Advice for New Traders
Share this post