Summer Plans

Freshmen year at Arizona State finally came to an end after a stressful week of finals. Overall a success though I am excited to have a break yet have high hopes for next semester. Now that schools over however I have a few weeks to relax before I'm back to work. This summer I will have the fun of taking summer school to get ahead of credits. To add to this I have the exciting opportunity of interning on HSBC's Trading Floor in Canary Wharf, London. I am enthralled to have such an opportunity and am preparing myself to exceed expectations. As a result, I have been networking across Wall Street talking to various individuals involved in Finance from firms such as Citadel Investments, JPMorgan Chase, and Wells Fargo to gain insight on the expectations of interns and how I should go about preparing myself. Gauging from the variety of answers, the census was not to over prepare but just go in with and open/modest mind and be willing to give 110%. I plan on following the FILO philosophy of first in, last out and try to add as much value as a Freshmen possibly can. Adding to this note throughout my information interviews I came across some of the best advice applying to trading. "It's not the winning trades that make you great but the losing ones and how you go about the adversity and learn from your mistakes. Even Warren Buffet makes mistakes he just doesn't ever make the same mistake twice." This came from a trader at Citadel Investments and when you think about it there is a lot of logic behind his reasoning. I was lucky to be adversed to this at a young age within my personal trading. For long periods I felt as if every stock I bought would go up and had no defense system protecting my risk. All my funds were allocated into risky stock picks and then when the markets crashed I suffered the losses. This is where I truly learned the values of trading and created my own system to combat risk.