{"id":43136,"date":"2016-02-12T14:43:13","date_gmt":"2016-02-12T19:43:13","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43136"},"modified":"2023-04-27T07:32:41","modified_gmt":"2023-04-27T11:32:41","slug":"7-observations-from-a-guest-lecture-on-trading-at-rutgers","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/7-observations-from-a-guest-lecture-on-trading-at-rutgers","title":{"rendered":"7 observations from a guest lecture on trading at Rutgers"},"content":{"rendered":"<figure class=\"tmblr-full\" data-orig-height=\"267\" data-orig-width=\"300\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/41.media.tumblr.com\/e73891539878c76d7de6179d9703f206\/tumblr_inline_o2g8tvAyNZ1slheli_540.jpg\" alt=\"image\" width=\"183\" height=\"163\" data-orig-height=\"267\" data-orig-width=\"300\" \/><\/figure>\n<p>Last night I gave a visiting lecture at Rutgers.\u00a0 I thought I would share some of my observations.<\/p>\n<p>1) Rutgers is doing a masterful job of promotion.\u00a0 The deep red logo stands out.\u00a0 I even bought a shirt for myself I liked the logo and colors so much.\u00a0 Signs on the highway blast out their Top 10 ROI.\u00a0 Did they hire Donald Trump to do their marketing?\u00a0 Genius.<\/p>\n<p>2) One student was super inquisitive about the price direction of oil.\u00a0 I gave him my answer.\u00a0 I don\u2019t know.\u00a0 And then walked them through different possible scenarios.\u00a0 Essentially oil is broken and needs an intervening catalyst to lift it higher.<\/p>\n<p>3) There was an attendee who knew so much more about oil than me, or guys like me.\u00a0 This student had worked at a prop firm, building models for energy names.\u00a0 I did not meet him until the very end.\u00a0 You need to stay humble in this game.\u00a0 There are many much smarter than you.<\/p>\n<p>4) I am not sure there is a better use of my time than giving talks like this.\u00a0 I drove 6 hours to Penn State about five years ago, and then 8 hours back in a hail storm to give a lecture.\u00a0 One trader in attendance, who joined our firm, runs his own team on our desk now.\u00a0 You never know when you are going to meet that next high performing trader.\u00a0 Meeting just one makes every trip for the year worth it.<\/p>\n<p>5) Packed house.\u00a0 Two females.\u00a0 Again how do we get more women interested in markets?<\/p>\n<p>6) Does Pepsi have an exclusive contract with Rutgers?\u00a0 There were no Coke products in the student convenience store.\u00a0 More importantly, there was no Coke Zero.<\/p>\n<p>7) The lesson that resonated most with this group?\u00a0 Confidence is your ability to persevere in the face of disappointment (Dr. Menaker).\u00a0 It\u2019s not holding positions that are trading against you for which you have \u201cconviction\u201d.\u00a0 Thesis + news catalyst + price confirmation + fighting for price make the best trades.<\/p>\n<p>We had a great conversation on this topic.<\/p>\n<p><b>Related Posts<\/b><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/what-i-learned-about-the-future-of-trading-during-my-guest-lecture-at-columbia-u\">What I learned about the future of trading from my guest lecture at Columbia<\/a><b><br \/>\n<\/b><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/the-rise-of-college-traders\">The rise of college traders<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/what-this-college-trader-can-teach-you\">What this college trader can teach you<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/how-to-get-a-trading-job-in-college-2\">How to get a job trading in college<\/a><\/p>\n<p>*no relevant positions<\/p>\n<p><a href=\"https:\/\/tradingworkshop.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-42831\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2023\/03\/smbwebinarsignup.jpg\" alt=\"tradingworkshop\" width=\"600\" height=\"300\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last night I gave a visiting lecture at Rutgers.\u00a0 I thought I would share some of my observations. 1) Rutgers is doing a masterful job of promotion.\u00a0 The deep red logo stands out.\u00a0 I even bought a shirt for myself I liked the logo and colors so much.\u00a0 Signs on the highway blast out their Top 10 ROI.\u00a0 Did they &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/7-observations-from-a-guest-lecture-on-trading-at-rutgers\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[859,2336,4670,1049,1446,38],"class_list":["post-43136","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-859","tag-guest","tag-lecture","tag-observations","tag-rutgers","tag-trading","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>7 observations from a guest lecture on trading at Rutgers | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/7-observations-from-a-guest-lecture-on-trading-at-rutgers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 observations from a guest lecture on trading at Rutgers | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Last night I gave a visiting lecture at Rutgers.\u00a0 I thought I would share some of my observations. 1) Rutgers is doing a masterful job of promotion.\u00a0 The deep red logo stands out.\u00a0 I even bought a shirt for myself I liked the logo and colors so much.\u00a0 Signs on the highway blast out their Top 10 ROI.\u00a0 Did they ... 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