Goldman Sachs Algo Trading - Day in the Life

This is what you call A REAL trader!!! All of these peon furus turning $100 to $50,000 in 1 day will get laughed at on a real trading floor.

Thanks for sharing.Sounds like technical support or sysadmin tasks, without any involvement in trading decisions or assuming any risks.

Where are the best discretionary prop firm desks

SIR, I have 2 choices--1) buy one given forex pair every new day at the open at market price wth take profit(TP) 50 pips and stop loss(SL)50 pips on one ticket as one order 2) second choice is to buy same pair but order is placed as pending order at the open of every new day--buy the same forex pair 100 pips below the open price as pending order with take profit of 50 pips and stop loss of 50 pips all on the same ticket.And after one year of every day trading which strategy is more likely to make any money?And what answer SUPERCOMPUTER would give to my question?Seek your wisdom.

Hi Chris, the hardest info I haven’t been able to find out all the ins of what divisions and desks there are in trading. If someone says they are in repo and Stir trading with UST cash, it’s hard for me to compare that with other desks. What desks existed at GS?

Can you give us an example of who your clients are/ could be?

The narrative here is incredibly powerful. A similar book I read offered a transformative experience in its depth. "Game Theory and the Pursuit of Algorithmic Fairness" by Jack Frostwell

Hello sir I am study cse in normal university I want to become algorithm development in quant company like citadel jane street and I already study dsa and web development and ai with ml on couresa now what should be learn and what roadmap follow for algorithm development can you share me some best book

A fellow soldier🫡

Great video. Nice work in the comments too

Hi how can I get into goldman sach this is my dream

Are there any specific courses you recommend taking while in college or perhaps certifications that could help someone stand out during recruiting for institutional equity and trading? What’s your take on this job in the world today? Is it much harder to land this position because of computer algorithms, etc?

there seems to be a lot of "reaching out".....

You say "uhh" or "uhhhmm" between every single sentence

Appreciate the insight, I'd love to work as a market maker.

lol such a hell life hahaha

Long day. Thanks for sharing the experience.

Trade for yourself if you can do what he does

I don't get it. If ya'll have all the algos, why not just use them to make way more money then providing them to clients?

Great video btw, looking forward to your future content

thanks chris, appreciate your sharing

Amaxingg🎉

Hey Chris,
Your channel is a terrific resource. This honestly made so excited for the future. Really, couldn't have found your page at a better time. I hope you continue to grow it in your spare time as you begin med school. By the way, congrats! I am a university student at UT Austin and decided quite late in the game that the film and television industry wasn't going to be my first pit stop out of college...S&T career options have been one of my top interests and I am looking for some strategic direction and advice (also considered the military as my family are all veterans). Anyways, I am planning to book a 1-on-1 consulting session with you here real soon and wanted to quickly introduce myself. Thanks for all the info you have provided. Hope to talk soon!

I am a prop trader here in NYC. I need to know when to execute a MOO (Market on open order) that has the most edge. For instance, if you placed a MOO order on $DG June 1 after $DG had earnings. You would have been 8 points in the money on this trade. Also want to pick your brain about a few other things.

Wait wait. So your trying to be me that you didnt run thr algo rhat ICT talks about to manipulate and beat down the retail traders ?? Are you trying to tell me the market makers didnt kidnapped ICT and tell him the secrets of the market ??? Dont believe you.

Thanks for your video Chris - Really informative. Can you give us your thoughts on using ML in Algo Trading? Is it worth it? Also, what are some of the best resources/start-points for someone to start building knowledge around Algo Trading in general?

High Chris I’m 28 with a postgraduate degree in Accounting Finance would it be possible for me to move into quant trader/researcher? Im conscious about my age being 28 if they would accept me

Hey Chris! Great video, could you make a video specifically more about the difference in an algo trader vs normal trader

Dude, you are doing everything but algotrading.

Hey Chris, Thanks for posting your experience. It felt informative to someone like me since I trade fulltime but privately and have never worked (or been) to wall street. The reason its worth it to hear a view from the inside is that it helps to create a first-hand reference to how trading functions within big institutions. You do a great job at giving that perch without even revealing any proprietary information. I hope to continue to follow you to help us all become better at this amazing world of trading.

Why not trade on your own?

what level of qualification do i need to work as a trader?

Goldman Sachs reputation is of a criminal organisation.Almost every year they pay few bilions because of market manipulation or other criminal activities like Malaysia for example.Yes I want to work for Goldman Sachs!

What? No front running trades? Yeah right.

Hi, I am a Junior Commodity Trader at Cargill. Is it more rewarding to stay in the physical side, a bigger tradinghouse or into a hedgefund? 10-20 years down the road

What they use for trading algos? Fundamental analysis or technical?

Thanks and sounds like it’s client services focused. Is trading the firms money for profit a thing of the past now?

I gotta say, I’m incredibly excited to be a part of your firm. I mean…the clients you have are absolutely…
Mark Hanna: Fuck the clients.

Couldn't help myself. A very good video though!

Thank you for the video Chris and sharing your knowledge and experience. Very clear, precise and informative. I am an equity trader myself, I worked for clients in the past but now I have ventured off and made the difficult decision to be independent in order to grow. My question would be, do you think it's beneficiary to obtain a CFA certificate whilst I am not employed by someone else and what would you recommend for someone in my position? You have a new subscriber and a like from me. All the best.

what qualities are recommended? program skills? math skills? soft skills? thanks

Hey Chris! This video was really informative. I have quite a non-trad background. Studied PoliSci from a non-target while in the Air National Guard then worked a few jobs in different fields (medical, legal, etc) and managed to get into a Product focused development program at a larger bank. I am curious to learn more about; 1) those that you worked with that came from those non-finance majors, 2) how you leveraged your military experience to get into S&T and 3) the core skills that would make someone without a finance background marketable to a trading group. I have been networking at the bank I am currently at but I know I need to build out that foundational knowledge to show that I am serious about the endeavor. Any info helps! Thanks!

Hey Chris, great video. I see that a lot of military folks get accepted easily into top tier MBAs and top Wall Street jobs cuz their backgrounds and perceived leadership skills seem to be highly favored. Should I enlist in the military just to get it on my background and therefore make it easier for me to get these coveted Wall Street roles in the future?

Very clear and precise video explaining everything in detail. I’ve been wanting to transition from a financial advisor to sales and trading. I was wondering it you provide a coaching program or consulting sessions.

Thanks a lot for all the valuable information Chris. If you have any leisure time to respond, I’m just a bit curious about the specific work contents working as a trader in big IB, do you guys do basically market making,like executing trades for your clients, as your main daily job , or do you also manage a lot on the P&L and build strategies? Also what do you think is the most valuable skill you have learnt from being a trader in IB in your role? Thank you and I really appreciate for your responses!
Best,

Sean

so wat retails traders follow charts/ technical charting patterns/waves skills are useless since u guys just following algos ? just curious

interesting video man!I trade for myself indices and FX so this was an interesting insight

Hey Chris, great video, if you feel comfortable sharing, what was the craziest reason a client gave you for entering or exiting a trade?

As a student I appreciate u a lot for making this video. Keep up the good work my friend👍🏽

Nice video Chris. I always wanted to become an Institutional trader. The title of an Institutional trader sounds pretty cool. Can you please tell why some traders do Pit trading. Why do they trade from a stock exchange when they can comfortably trade online from their houses or offices just like others. What benefits does Pit trading give when compared to placing orders from our homes.