Traders

I attended the first Baruch Traders Club seminar on Friday September 1st. I arrived exactly at 12:15 at the Wasserman trading floor, and about all the computers had already been occupied. Luckily for me, I was able to get a seat with a computer, the last one. The seminar began by explaining the software used for trading, (Rotman Interactive Trader), and what to expect from the club. I learned that no prior knowledge was needed, and some of us undergraduates may even qualify for the competitive team. As Professor Jarrod Pickens took the floor, he began a trading simulator where everyone in the room took part in, which was quite hectic at first, since the software was fairly new to me. Five minutes past and the simulation was done, and the results were posted on the projector. I saw some profits of about +200,000, and others on the opposite end; I barely got about +5,000. It was then that I realized that it would take more than just luck to get better at trading. Then, a member of the team spoke about his recent competition that landed them 1st place. He explained that he had no knowledge about trading before the club, but with the help of it he was able to get better and successfully join the team. I also have very little experience on trading, but knowing Baruch’s Trader Club is here allows me to have the opportunity to learn and grow as a better trader. Working with other students and learning from each others mistakes can help better us all. I am interested in the upcoming in-house competitions to feel the environment and get an idea of how it works. I am eager to attend the rest of the meetings, learn, as well as have fun with other students.