Why I Didn't Go Into Trading

The question is often asked, "why didn't you go into trading?"

There are a variety of reasons for this but to really understand you have to understand my background, strengths, weaknesses, and how the trading world is in modern times. The stories of the past are the highlights of an old world. Sure they sound great as individuals seemed to conquer Wall Street all by themselves and made large sums of money. While many of these stories are true they only highlight the best stores instead of showing a realistic view. As quant finance as taken over this old world has changed a lot. Market dynamics have changed as technology has advanced and teams are now required to really take advantage of miss pricing or good potential deals.

Traders are also viewed as the people who create strategies and trade as if no one else is needed to run a successful trading or investing firm. This is far from the truth. Most firms have quants spending hundreds of hours doing research to generate a strategy. Then CS people turn those strategies into usable tools. Traders finally use those tools to make trades or monitor computers who do the trading. Traders need to be fast thinkers and quants need to be slow thinkers. I'm not a fast thinker so I'm not well suited for trading. I'm perfect for a quant role as I like to wrestle with a problem for months or years at a time.

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