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INTERVIEW QUESTIONS: OSTC, Fixed Income Trading, Graduate Job

Question:

What is your directional bias for the FTSE right now?

Student’s Answer: 

It depends on the time frame you are looking at. On a short term basis, I would like to sell rallies on the hourly chart because we are in a well defined down trending channel. Longer term, I am a bull because I think a lot of money is sitting on the sidelines looking for a place to go because of the poor returns that fixed income is providing. I also like to be a contrarian and at the moment it seems the retail investor is still too afraid of the equity markets..if past experience is anything to go by it pays to be a buyer until the retail investors become bulls...then I will turn bearish.

Question:

What is the most Important component of a winning trading strategy?

Student’s Answer: 

Money management. There is plenty of evidence that suggests that even random entries can be profitable if you trade clever position sizes and let you winners run while cutting your losers short.

Question:

Why do you want to be a trader?

Student’s Answer: 

I want to be a trader because I love the idea of taking a contrary opinion to someone else and making a profit from it. The markets are exciting because they are an instant and global poll for all to see that gives you an idea of how the world interprets political and economic events.

We cannot guarantee the authenticity of these questions nor the accuracy of the answers: they are what one candidate claims to have been asked by OSTC and have not been verified by the bank. To visit our list of graduate interview questions in 2013, click here.

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AUTHOReFinancialCareers Insider Comment
  • ll
    llewelynjames
    26 March 2013

    OSTC do make directional trades but only promising employees with good P&L figures gained on the spread matrix get to put them on. Letting your winners run and cutting losers short is very good answer in my opinion. Interestingly it is an answer that countless market wizards give jack Schwager when they are asked similar questions.

  • ma
    maurizio
    12 March 2013

    OSTC mostly trade mean-reversion strategies. In those, you do not let yout profits run.

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