Goldman Sachs Algo Trading - Day in the Life

I worked on the Equity Algo Trading desk at Goldman Sachs for a little over two years, and I thought it would be helpful to share what the average day looks like on a trading desk for anyone who is interested in exploring a career in Sales and Trading on Wall Street.

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Disclaimer: The information provided in this video does not, and is not intended to, constitute legal, tax or financial advice; instead, all information, content, and materials available on this video and on this channel are for general informational purposes only. The presenter is not an attorney, accountant or financial advisor. Viewers of this video should contact their attorney, accountant or financial advisor to obtain advice with respect to any particular legal, tax or financial matter.

[arishah]

Thanks Chris. I worked as a trader as well. Great job and very exciting even a few years in. I got a little burnt out due to studying for the CFA exams after an 11 hour work day. It's pretty admirable for some of my colleagues in IB and Trading to have cleared the exams with work.

[Batman_akzo]

This guy is a former institutional trader and he's not here selling any courses, this shows that most the trading gurus are just scams and young people should avoid them at all cost.

[alejandroabad-pablo]

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

[judyl.]

1:25 answer client call, log into bloomberg terminal
4:00 trade flow analysis

[austinsalinas]

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!

[paul_w]

You look like you don't sleep a lot lol so that checks out.

[Vev]

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

[hugobarragan]

This is very informative, thanks for sharing.

[micah_v]

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!

[michaelseldon]

thanks chris, appreciate your sharing

[srinathrangaswamy]

Good one brother! Thank you. Guess no trader ever takes a lunch break (or even a relaxed pee break!) during market timings - if he does, he isn't a trader! Lol..:)

[davidsoyebo]

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

[stormambiance]

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.

[carlooos]

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

[samtofighi]

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.

[zAngus]

Long day. Thanks for sharing the experience.

[Jizenlois]

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

[e.sanoop]

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.

[navketan]

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.

[chrisbarney]

Great video. Nice work in the comments too