Checking the overnight price movements and looking for important news which could have triggered the underlying price-moves.
Looking at a currency strength matrix to identify underperforming and over-performing currencies and the current risk sentiment in the market.
Checking the financial news for developments in the economy, politics, company news, analyst reports and market information before markets open.
Being aware of market-moving news reports, such as advance GDP numbers, non-farm payrolls, unemployment rates, central bank meetings, inflation rates and other unexpected market events which can cause a shift in risk sentiment since they can trigger a chart pattern breakout and form a lucrative trading opportunity for you.
Checking trade confirmations from the previous day against your trading blotter, where you maintain your activity notes and positions held overnight, even any mistakes you correct immediately.
Ascertaining that all trades have been settled successfully and checking how much cash and margin are available in you trading account
Entering follow-on trades to sell, buy or cover short sales.
Monitoring the financial news, price charts and quantitative analysis services that track market movements and apply mathematical analysis.
Closing out all positions when market closes to avoid risk of overnight surprises.
Placement of all pending orders
Actively managing trades by following the price-action and important market news so that if trades aren’t performing as expected you close them to avoid making huge losses.
Developing own strategies to maximize profits and limit losses
Analyzing current trends, predicting future trends and implementing steps to profit
Analyzing company information (revenue targets, EPS, option volatility, competitors) via 10K/10Qs and writing reports in order to prepare the group for earning releases.
Monitoring various microeconomic data in order to predict and keep track of market indices
Tracking stock movements using price filters in order to gauge and judge order flow/market inefficiencies.
Watching and analyzing the markets on a daily basis and formulate trading and investment strategies.
Creating cost benefit analysis (CBA) by performing statistical research and isolated key performance indicators through observation, research, and job shadowing.
Preparing for the next day by monitoring if there is a setup based on a chart pattern or trendline, in which a breakout may occur tomorrow or over the following few days. So you can mark those setups and keep an eye on them so you are prepared once the breakout happens.
Checking of economic calendar again and marking high-impact news releases which are scheduled for the next day.
Qualification and Requirements
Minimum First Degree in Business Administration, Finance, Statistics, Mathematics, Accounting or Economics
An MBA or MSC in the fields above or Chartered Financial Analyst (CFA) Or Certified Public Accountant (CPA) Certification would be an added advantage
- Work Experience: 3 Years Minimum in working with an excellent Trading or Brokerage firm as a Day Trader.
Knowledge, Skills, and Abilities Required
Ability to make fast investment decisions based on price information, news and charts
Ability to formulate long-term liquidity strategies
Ability to have strict risk management rules in place to withstand the intraday market volatility.
Strong analytical skills to be able to read market data and consider alternative positions
Have an understanding of various mitigation activities when the market turns bad, such as “shorting” and “averaging down”
A thorough understanding of how the securities markets work and trading skills, such as the ability to analyze price charts
Possess a high aptitude for analyzing current trends, predicting future trends, and implementing steps to profit
Keeping a Trading Journal
Ability to pay attention to the position size in order to stay inside your risk management boundaries.
Understanding the workings of the global financial markets
You should possess the ability to judge and make decisions
Must have keen interest and understanding of financial markets.
You must be able to take initiatives and think very fast.
You should be able to exhibit professionalism and confidentiality in all situations
Ability to pay attention to detail and accuracy
You must be flexible
Analytical and problem-solving skills
Discipline and Patience
Calm character, able to prioritize and ensure smooth execution of tasks
Fluency in English – spoken and written
Ability to handle stress and details
Strong attention to detail and accuracy
Maintain high levels of professionalism
Good numerical and IT skills
Well organized with an understanding of priorities and changing demands
Have a professional knowledge of all Microsoft Office programmes
Should be able to work extra hours and weekends
Desirable Attributes: Additional language would be an added advantage