I think a ViP2 Financial Traders clique is in order

[Colin Turnover]

Captain - What did you get in at again?

After the appraisal well RKH will CLEAR 500p

[BLACK VICTIM]

gonna stick £100 on RKH, still worth is right?

[Captain Planet]

around 350

right now im up 12% on my portfolio

sold half my china shares cos im getting uneasy with the bubbles in their economy

yh radio go thru it should be kool

[Colin Turnover]

gonna stick £100 on RKH, still worth is right?

I would put more in if you could, but yes.

[BLACK VICTIM]

gonna get my mum to invest in it

[Guillermo Rigondeaux]

i don't trade the stock i trade the underlying so i can't tell you anything about the stock.

i am a futures trader i trade short term and aim to be in and out of a position in 24h. sometimes i run a long book but this will be offset with an options strategy and i'm not gonna talk about that on here. im happy to share my short and medium term views with you but any analyst will probably tell you the same. the difference is that i'm actually trading based on this view rather than simply writing a report each morning.

medium term the outlook is good for commodities which obviously includes nickel. yesterday nickel saw a 1200 buck rally which is a 5% improvement on the day - this is pretty big, but don't expect breakout movements from any commodity unless copper is moving alongside it very convincingly. many analysts are predicting copper to reach between 10-12k this year, its currently trading around 9500 after a brief correction at the tail end of the last week and consolidation early this week. i believe we could see it pushing new highs before the weekend is out however the imminent chinese new year is pulling huge volumes out of the market. if you are looking to invest in commodities mining companies in particular copper given the short supply and lme backwardation now would be a good time to do so.

mid feb i think we will see a copper rally which will bring everything else with it including your nickel and to a lesser extent silver. i know nothing about diamonds.

obviously this is all contingent on the eurozone holding up and the chinese returning with large volumes and continued high demand during 2011.

gold is in a bubble at the moment which will burst at some point. for the causal trader there is nothing to be had at this point IMO. it could tick over nicely if you were long but the risk to the downside is huge as the market could move either way. if you have alot of money and want to take a risky bet then go short gold when you see the USD begin to recover. i personally don't touch gold.

[zero1212]

^^

Are you employed doing this or is it a side thing

[Guillermo Rigondeaux]

employed

[Guest Yilmaz]

For whom/where are you employed Rigo?

[Captain Planet]

Yo GR is your job interesting

Like are you behind a PC all day, I'm looking to go into a financial field similar to yours but if I'm sat behind a PC all day I'd rather work in H&M realtalk

[Guest M12 Part 2]

Yo GR is your job interesting

Like are you behind a PC all day, I'm looking to go into a financial field similar to yours but if I'm sat behind a PC all day I'd rather work in H&M realtalk

Most jobs you are sat behind a pc all day. That's why I think it's better in consultancy. Your behind a pc a lot but you get to go out and meet clients and eat free lunch.

[Captain Planet]

& Private wealth management

Which is my ultimate goal

I can image some sexy rich clueless client and conducting a business meeting in a high end London caf explaining how I can make her richer.

[Guillermo Rigondeaux]

im a metals trader at a commodities based hedge fund.

yeah i sit behind a PC. i got 7 screens, 3 computers.

captain if ur a trader u dont deal with those ppl, marketing speaks to them. i only answer my phone to my colleagues and other traders. i dont even speak to the brokers unless i really need to.

i don't wear a suit, we listen to music in the office 247 and watch films/tv.

[Mame Biram Diouf]

im a metals trader at a commodities based hedge fund.

yeah i sit behind a PC. i got 7 screens, 3 computers.

captain if ur a trader u dont deal with those ppl, marketing speaks to them. i only answer my phone to my colleagues and other traders. i dont even speak to the brokers unless i really need to.

i don't wear a suit, we listen to music in the office 247 and watch films/tv.

Whats it cakked? whats the pay like? how did u get it? what qualifications u got?

just wondering it sounds interesting...

[Guillermo Rigondeaux]

I've got alot of qualifications but some of my colleagues never went to Uni. Most of our brokers are from Essex and left school at 16.

The pay is excellent..

I got the job because my friend from when I was a kid is a partener and knew I had what it takes. I also have experience working at a large investment bank in the UDA.

It is interesting, but it is not easy. You need to be mentally tough and willing to work very hard, I'm talking 24 hour shifts sometimes without complaining.

[Guillermo Rigondeaux]

FAO M12

SAY THANKYOU BITCH

[Dubby]

The pay is excellent

possible to be any more specific?

[Guillermo Rigondeaux]

http://www.careers-in-finance.com/hfsal.htm

[Dubby]

so a minimum of £50k with a £40k bonus?

[Guest M12 Part 2]

I'll say thanks for the effort but you didn't say anything new or impressive tbh.

[revs]

Whats the general shelf life of a trader?

do a lot of people come and go quite quickly? (couldn't hack it etc)

[Guest Yilmaz]

I've got alot of qualifications but some of my colleagues never went to Uni. Most of our brokers are from Essex and left school at 16.

This is common. My mate used to work for Liquid.

At the big banks it's different though. One of my good friends and mentors works for GS (emerging markets and currency).

[Guest Waka Flocka Dave]

i don't trade the stock i trade the underlying so i can't tell you anything about the stock.

i am a futures trader i trade short term and aim to be in and out of a position in 24h. sometimes i run a long book but this will be offset with an options strategy and i'm not gonna talk about that on here. im happy to share my short and medium term views with you but any analyst will probably tell you the same. the difference is that i'm actually trading based on this view rather than simply writing a report each morning.

medium term the outlook is good for commodities which obviously includes nickel. yesterday nickel saw a 1200 buck rally which is a 5% improvement on the day - this is pretty big, but don't expect breakout movements from any commodity unless copper is moving alongside it very convincingly. many analysts are predicting copper to reach between 10-12k this year, its currently trading around 9500 after a brief correction at the tail end of the last week and consolidation early this week. i believe we could see it pushing new highs before the weekend is out however the imminent chinese new year is pulling huge volumes out of the market. if you are looking to invest in commodities mining companies in particular copper given the short supply and lme backwardation now would be a good time to do so.

mid feb i think we will see a copper rally which will bring everything else with it including your nickel and to a lesser extent silver. i know nothing about diamonds.

obviously this is all contingent on the eurozone holding up and the chinese returning with large volumes and continued high demand during 2011.

gold is in a bubble at the moment which will burst at some point. for the causal trader there is nothing to be had at this point IMO. it could tick over nicely if you were long but the risk to the downside is huge as the market could move either way. if you have alot of money and want to take a risky bet then go short gold when you see the USD begin to recover. i personally don't touch gold.

then why mention it?

[Mame Biram Diouf]

I've got alot of qualifications but some of my colleagues never went to Uni. Most of our brokers are from Essex and left school at 16.

The pay is excellent..

I got the job because my friend from when I was a kid is a partener and knew I had what it takes. I also have experience working at a large investment bank in the UDA.

It is interesting, but it is not easy. You need to be mentally tough and willing to work very hard, I'm talking 24 hour shifts sometimes without complaining.

Sounds interesting I wanna keep looking out for any vacancies looking to venture into something new

soo as i asked twice already whats it called/website?

[Guillermo Rigondeaux]

at m12: lol, alright mate. good luck with your diamonds pal.

at dave; why would i discuss the intricacies of my firm's investment strategy on this website? its not uncommon to hedge your position with an options and spread strategy.

at mame; i'm not on here to help you get a job, sorry its not worth my while to put that information on here. i'll happily discuss the markets with people though.