Recent content by iain3915

Thanks for the advice guys. Got an offer!!!!! :D

Ok. So I have made it to my first assessment centre :) "The assessment day will consist of a paper-based numerical reasoning test, a case study presentation, a group exercise and two competency based interviews" So it doesn't seem like there will be anything technical at all! Does anyone have...

Thanks for your reply. That's really what I had been hoping to hear. I don't really have any technical knowledge to be honest but I do read the FT and economist regularly. You mention knowing the basic stuff; what are we talking about here? Is there anything in particular I should try to...

I'm going to be applying for summer internships in trading with all the usual IBs for 2010. What kind of technical knowledge will I need?

I understand the point you are making. But the fact that the on paper profit can be converted to cash immediately surely means that you are in profit. You may not stay in profit when greed gets the better of you but at that moment you are in profit. I think what I am saying is that the money...

But surely if the present value of your portfolio has increased then you are in profit since you can instantly convert that profit into cash.

"There is no profit/loss until you close the position" Is this true?