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Can I include my investing/trading activities in my essay?

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Can I include my investing/trading activities in my essay? [#permalink]

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New post 20 Sep 2008, 12:16
I work in IT sector but I'm passionate abouts stocks.I trade a lot.Can I include that in my essay?

I want to do my MBA in strategy/management.Would adcom question why I want to do not want to do an MBA in IB.

Also how much should I have gained from stocks in terms of both profits and knowledge so that I can stand out from other people with similiar interests?

I believe most of the future MBAs might be trading during their free time.

Thanks.

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 20 Sep 2008, 12:59
my thought is that trading is not a key differentiator from other mba applicants. everyone owns/trades stocks to some degree.

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 20 Sep 2008, 13:58
dont waste the space in an essay...day trading is kind of laughed at. Creating a logical career path will be far far more helpful.
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Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.
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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 20 Sep 2008, 14:08
riverripper wrote:
day trading is kind of laughed at.


Really,I din't know that.These markets are having volatile swings each day.So I thought day trading is a good strategy for now.

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 20 Sep 2008, 16:31
no on applications...if you talk about doing it on an essay you aren't doing yourself any favors.
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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 20 Sep 2008, 23:33
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Hear it from a zero admit guy from last year who included his own passion for trading in his essays last year. Do NOT use that stuff as a major part of your essay. At best a passing mention is enough. Think about it this way - any point you raise in your essay will be assessed on its impact (mostly on others). Trading is hardly an impact creating activity. Private trading is worse - it is difficult to attach any significance to it. In any case, you mention that you want to move to Strat consulting. This means that the trading stuff and passion for finance is extremely irrelevant as it has no bearing on your aims.

Even if you were wanting to transition to IB, don't be fooled into thinking that ad-com are gonna buy the argument that "I have passion for stocks, I trade actively and now I want to transition to IM/SnT via an MBA." Its a weak argument. You are competing with techies who have worked on goldman (or Lehman/Merryl) trading desks helping traders directly.

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 21 Sep 2008, 08:37
fall09 wrote:
I work in IT sector but I'm passionate abouts stocks.I trade a lot.Can I include that in my essay?

I want to do my MBA in strategy/management.Would adcom question why I want to do not want to do an MBA in IB.

Also how much should I have gained from stocks in terms of both profits and knowledge so that I can stand out from other people with similiar interests?

I believe most of the future MBAs might be trading during their free time.

Thanks.


It depends.

Have you incorporated your trading activities into a business, i.e. set up an S Corp? How many hours in front of the computer screen do you spend trading and/or watching market activity? With how much of your available assets are you trading? Are you trading stocks? Options? Futures? What types of strategies are you using? What are your monthly, quarterly, and annual rates of return? What is the Sharpe ratio for your portfolio?

I traded full-time from home for the year prior to b-school, and I literally lived and breathed the markets day-in and day-out. I put this into my entrepreneurial essay for the Columbia application, but obviously I didn't get in there. I was interviewed and then wait-listed, and finally rejected at the end of last May. I also applied late in the admissions cycle, so I don't think my writing about my trading activities was the reason why I was ultimately rejected. I had heard from my friend at CBS that the class was already full when I was put on the waitlist...but, I digress.

If you are spending ~ 12 hours per day trading/observing the markets, then I would write about it. If not, forget about it.

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 21 Sep 2008, 09:55
trader1 wrote:
It depends.

Have you incorporated your trading activities into a business, i.e. set up an S Corp? How many hours in front of the computer screen do you spend trading and/or watching market activity? With how much of your available assets are you trading? Are you trading stocks? Options? Futures? What types of strategies are you using?

I traded full-time from home for the year prior to b-school, and I literally lived and breathed the markets day-in and day-out. I put this into my entrepreneurial essay for the Columbia application, but obviously I didn't get in there. I was interviewed and then wait-listed, and finally rejected at the end of last May. I also applied late in the admissions cycle, so I don't think my writing about my trading activities was the reason why I was ultimately rejected. I had heard from my friend at CBS that the class was already full when I was put on the waitlist...but, I digress.

If you are spending ~ 12 hours per day trading/observing the markets, then I would write about it. If not, forget about it.


Well,I'm not a full time trader.But I do follow the mkt min by min when I work from home.I started with stocks 2 yrs back and now trading stocks,ETFs and options,on both longside and shortside.I also advise my co-workers and friends.I made 75k+ this yr.Not sure whether that is a good amt.


What is S-corp?

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 21 Sep 2008, 10:39
75K in this market sounds great to me (assuming that isn't $75K on like $10M of principal heh)... the bigger issue honestly is that there is no congruence between trading and what you want to do. The two are completely unrelated and it would sound awful strange to talk about how passionate you are about trading but how you want to do strategy.

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 21 Sep 2008, 11:04
rhyme wrote:
75K in this market sounds great to me (assuming that isn't $75K on like $10M of principal heh)... the bigger issue honestly is that there is no congruence between trading and what you want to do. The two are completely unrelated and it would sound awful strange to talk about how passionate you are about trading but how you want to do strategy.


10 million :lol: If I had that I would not pursue b-school.

Since this is a public forum,I'm hesitant to put out numbers.But to give u an idea,I started working only 3 yrs ago.Also most of my returns are because of my trading on margin.

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 22 Sep 2008, 06:20
fall09 wrote:
rhyme wrote:
75K in this market sounds great to me (assuming that isn't $75K on like $10M of principal heh)... the bigger issue honestly is that there is no congruence between trading and what you want to do. The two are completely unrelated and it would sound awful strange to talk about how passionate you are about trading but how you want to do strategy.


10 million :lol: If I had that I would not pursue b-school.

Since this is a public forum,I'm hesitant to put out numbers.But to give u an idea,I started working only 3 yrs ago.Also most of my returns are because of my trading on margin.


You dont have to give me numbers. To be honest, they don't really matter (other than to your bank account of course). I still stand by the prior statement that while impressive, and maybe even interesting, it just isn't congruent to your stated goals.

It's sorta like when you go to a bar and someone says "What are you drinking?" "You reply, oh a Stella." and the guy turns to the bartender and says "That sounds really good. I'll have a Miller Lite."

Ok, bad analogy but hey its 8:20am

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 22 Sep 2008, 14:20
fall09 wrote:
rhyme wrote:
75K in this market sounds great to me (assuming that isn't $75K on like $10M of principal heh)... the bigger issue honestly is that there is no congruence between trading and what you want to do. The two are completely unrelated and it would sound awful strange to talk about how passionate you are about trading but how you want to do strategy.


10 million :lol: If I had that I would not pursue b-school.

Since this is a public forum,I'm hesitant to put out numbers.But to give u an idea,I started working only 3 yrs ago.Also most of my returns are because of my trading on margin.


Leverage is a double-edged sword. It's a sure way to make a lot of gains as it is a sure way to lose a lot of money. Don't get me wrong, I've traded on margin, and you have to in order to trade futures. Always have a plan with each trade and don't deviate from it. Cut losses quickly. I'm sure you know this already...

rhyme has an excellent point. I overlooked that your stated goal is to do strategy/management post-MBA. If that is what you really want to do, your trading activities don't really apply to that career path.

If you want to relate your trading activities to a relevant, post-MBA career path, i.e. asset management, sales&trading, etc., then by all means talk about it in your essays.

Last edited by trader1 on 22 Sep 2008, 14:26, edited 2 times in total.

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Re: Can I include my investing/trading activities in my essay? [#permalink]

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New post 22 Sep 2008, 14:22
fall09 wrote:

Well,I'm not a full time trader.But I do follow the mkt min by min when I work from home.I started with stocks 2 yrs back and now trading stocks,ETFs and options,on both longside and shortside.I also advise my co-workers and friends.I made 75k+ this yr.Not sure whether that is a good amt.


What is S-corp?


http://en.wikipedia.org/wiki/S_corporation

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Re: Can I include my investing/trading activities in my essay?   [#permalink] 22 Sep 2008, 14:22
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