Energy trader reddit. There’s a world of opportunity here.

Energy trader reddit. Is the trading completely taken over by algorithms or does the trader trade manuelly? This is a sub-reddit for operators of the various power grids that span the globe. And also due to the fundamentals having such a clear impact on prices. Normally you work your way up within the company. Energy markets are very specific and different from most other markets, commodity futures are closest. If the cost is not a problem and you rarely get the chance to practice interviewing then you should go. Decide energy or Agri If Agri, and an American, go to college at any of these 3 school. In truth, it depends on how big of a book you trade and how profitable your trades are. . I would like to read some books related to Energy Trading, as natural gas, LNG, oil, electricity. I’ve been going through the EEI practice tests, but I haven’t been able to find any information for what might be on the energy basics portion of the exam. I suspect this advice is general in nature and can apply to many different roles. Unless you have professional trading experience, no one starts directly as a trader. I'm curious to know how power trading compares to "normal" stuff like options mm/ equities. I am a trader at Glencore in the Energy Products business group and started out in the zinc/copper/lead department before making the switch but won't get more specific than that. There are a lot of things that influence trade decisions, weather, transmission outages/congestion, generator outages, everything load, BA-BA interchange, zones, demand side products, things in the distribution Path B: Energy trader. What would a career in power trading look like? What sort of career/pay progression can I expect? What are the exit opportunities from this? u/woahdudee2a is right. It wasn't always easy, reflected Gashvorn, running the biggest trading hub in this arm of the Galaxy. 52K subscribers in the quant community. Cobblestone Energy - a newish company - have been posting adverts on LinkedIn across the world. Welcome to FXGears. Life is always good if you like your job, I have traded energy for the past 10 years and love my job, for various reasons I took 2 days off in the past 1. I'm not necessarily well-versed in the world of energy trading and was wondering if anyone possibly had any advice for how to prepare for this Energy trading is in many ways much more exciting than stock trading, due to market inefficiencies caused by the complexity of the physical energy transmission system. Knowing that with renewables the price of energy will go down and decentralized electricity production will mean that clients can produce themselves a part of the energy they need. The situation varies from commodity to commodity (nat gas and power are domestic goods, power can't be stored, oil and ngl's are more liquid and internationally traded), but oil trading is essentially an international game of poker between banks, hedge funds, oil producers Some company's (Koch, for example) put their analysts on the same pay scale/grade as the traders, and they share the profit of the "book" that they trade. Hi everyone, I've been interested in energy commodities for a while and power in particular. What are energy commodities, and how are they traded? Are there specific market trends or conditions that favor significant profits in this field? What strategies do successful energy commodities traders employ to achieve extraordinary results? I am interested in power trading and am trying to figure out the best way to break in. Only need 1 yes! Good luck. com, a trading forum run by professional traders. A risk analyst position could mean a number of different things. OK, could be legit, they have relocated in Dubai and are recruiting internationally. It various too much to give you a good answer. Hello all, I am currently a software engineering student in Canada exploring a front-office analytics internship opportunity at a major Canadian power trading firm. maybe around $100k. There is a lot of information on reddit for natural gas traders but very little for power traders. I'm a recent grad with a bachelor's degree in Economics who is applying to every possible job I can. I have worked in Asia, South America and now travel a lot to Sub-Saharan Africa. If you have any questions let me know If you’re a commodity trading shop you’re likely more “in the middle” trying to buy low and sell high between the two. They manage risk, handle day-to-day accounting issues, and analyze data to generate reports on market trends and competitive intelligence. I have been looking online for career paths in the field but it is tough to find consistent data. University of Nebraska Omaha, Iowa Stste University, university of Illinois in Champaign. Keep in mind that a risk analyst at a utility/energy company could also be someone analyzing risks like slip and fall accidents, proper use of protection gear, running safety meetings, working with insurance companies concerning vehicle accidents. I’ve been invited to test for a few different energy positions and one is as an energy trader/scheduler combo for a city’s utility district. Starting pay is lower than A. Can you help me understand what it means to work in "Origination"? 2. Stuff for beginners, of course. At my firm, every trader's base salary is $100k, that should give you an idea of how performance driven it is. High frequency trading to pick up the slack will be handled mostly by computers and large battery energy storage and buffering systems. Whether it's worth going depends on whether you mind paying for the daytrip to London and how often do you get interviews. Under Biden, the US “is still the world’s top oil and natural gas producer. Funnily enough - and this is where people often go wrong - getting a great trading role might mean not working for a trader at first… Again, this varies massively. Hard to answer without knowing more details, but trading in general is hard. I networked my way into the industry using the above process. You may also have some assets to optimize/trade around or you may not. Those 3 universities cover just a huge fucking section of our industry. The process is the same but I don’t know the major for energy folks. After 3 yrs, I can then apply to any Company C which is any power generation that will offer to double- triple my salary in B since I am basically an insider. It's extremely unlikely to get into a trader development programme directly at shell or bp - they generally take people with at least 2-3 years experience (mostly internally), though there are exceptions for some brilliant grads with amazing internships. The eletricity producer is happy because he recieved money in advance and not depending on how much electricity will be spend. According to you what will be the future of Energy Traders? Oil & gas usage will be replaced by electricity produced by renewables. Well I got offered a job with them, after their whole process. It varies by a lot. Oct 1, 2023 · Energy Trading -> Quantitative Trading Career Path. Second, there is pretty much one main path to break into commodities trading. Trade a huge book and do really well and it can be >$1M. How well you do as a trader will be a function of your own knowledge and emotions, but also factors outside your control, whether it's assets (or a physical system) that you have visibility on, capitalization or balance sheet, and also technology/systems in place. I recently got an interview for an energy trader position at a nearby energy management company. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. I have 4+ years of operations experience in the natural gas transportation sector and know some commercial parts related to that: matching, balancing etc. Republican presidential candidates keep saying it’s time to “unlock American energy,” but there’s no need to unlock something that isn’t locked. Jul 20, 2014 · I'm looking at making a transition into energy trading. Transitioning from Power Plant Operations to Day Ahead Energy Trading I'm a power plant operator at a relatively small utility (around 100k residential customers), and I'm wondering if there is anything I can do that would make me stand out when applying for a Day Ahead Energy Trader position. Midwest: 60-80k entry level with 12% bonus South: 50-60k entry with 25% bonus Southwest: 78-95k entry level with 10% bonus I’m no longer a trader but with about 5 years experience I was making 115k with 12% bonus annually. Wind goes up = price goes down etc. Hi everyone, I’ve recently started working in commodity markets - commodities related to biofuels production, to be more specific - and am just looking for some good books/reading materials on commodity markets, trading, etc. It seems the discussion has been around energy trading. On december 1st, the funds give money to the eletricity producer to buy in advance to all elecritcity that will be produced on december 25th. Jul 2, 2024 · Skills for an energy trader An energy trader needs a wide variety of skills, including these: Character attributes An energy trader usually has these attributes, no matter what background they come from: Analytical skills: An energy trader can quickly evaluate and understand the consequences of purchasing decisions. Discussion of current events, regulatory policies, operating standards, renewable energy, or anything else related to the industry or operations is welcomed. Hello, I recently have been accepted into a program at my university that gives students paid internships in the energy trading industry. They give a pretty informative lecture on energy trading and you get a chance to partake in a market-making game. Dec 29, 2023 · How does Energy Trading Work. Path B: Energy trader. I’ve worked in energy trading for a decade, in both power and gas (phys and fin). 2022 was a wild year where a lot of seniors became set for life while a lot of mid/junior employees ‘only’ got the breadcrumbs of the breadcrumbs and earned 100-300k bonuses (it’s a lot of money still I know, but compared to heads of gas/power trading making €20m euros, it’s Hey everyone, I have an offer to join a firm as a quant researcher on their power trading desk. The average trader age is mid-to-late 20s to early 30s. Physical traders are typically domain masters in niche markets with logistics/etc/S&D and very relationship driven since they operate in smaller markets. Being an energy trader is not limited to large funds and companies, as individuals can also participate as they wish. Energy trading can be done via a broker and is traded via futures exchanges or over-the-counter (OTC). Join over 2,000 delegates from various energy sectors to explore key market-shaping issues and the latest trends in trading, risk management, technology, sustainability, compliance, and more. This is a sub-reddit for operators of the various power grids that span the globe. An energy trader might believe that power is actually going to be more expensive than that in 3 months, and agree to buy a bunch of power from them at a particular price, betting that they can then sell that power to a customer for then then-higher price. Two questions. I’m a commodity trader in Europe working for one of the biggest/best prop firms there is within energy. Hi all, I am currently at university undertaking an Applied Finance course and would really like to work as an Energy Trader afterwards. I got accepted on Company B which is the market operator but my position would be at the bottom first to understand the basics. Most others consider analysts to be subordinate to the trader(s) and the pay is typically less. This year's event highlights include insights into renewable and storage revenue optimization, the development of hydrogen markets, and the role of oil and gas in the energy transition. The career path at most companies is to start off as a crude/nat gas scheduler or as a market analyst. Energy Trading (Elecricity & Natural Gas) in Aus is a relatively niche job and I was wondering if there are any in AusCorp and if they have general career tips that apply for roles with only a select few spots. Also depends on the commodity you trade. The average compensation of the trading group is mid-to-high 6 digits (think $500-$900k) or low 7 digits ($1mm to $3mm) -- depending on seniority and performance. Posts that don't follow r/traderjoes subreddit rules may be subject to removal. It’s a grind, but stick with it. The main responsibility for this role is to execute power and gas transactions in the wholesale markets. Schedulers are a key component to the North American hydrocarbon trade. It You could set up a brokerage account and trade commodities, even energy and its derivatives on a small scale with your own money. ~2 years of work experience so far, most recently electricity pricing. If a new generator flips on, it will send electrons into the grid, but based on where the electrons go, a new path or node may become more expensive or cheaper. Discussion is not limited to operators. I am in the process of uploading my 2019 and 2020 K-1s to my IRA custodian and I expect they will be able to calculate my losses and carry them forward to 2021 and file an amended 990-T which should recover my tax. Our Trading & Supply business is one of the world’s largest energy trading operations. Commodity trading, I find, even harder. Problem is, I'm pretty neutral towards the prospect of trading since haven't tried it before, turnover is high, and I'm not sure how transferrable the knowledge will be (trading skillset + fundamental knowledge of pipelines, weather, etc. Bp for example makes you take a few internal exams if you want to one day move up as a trader. Some qualities that make a good trader - Analytical, detail oriented, good under pressure, good with numbers, disciplined/patient So this company focuses on the green energy market, from production, distribution to trading. Earlier in career, working in risk, operations, etc. In general, if you are a paper trader, you will be in front of the screen for a large part of the day but when the market closes, you don’t have too much else to do. I prepared this by walking through some statistics and reports from the energy sector. What is an energy trader's day like? The analysts provide the forcasts for the electricity price. Some traders trade congestion which essentially is how power may be diverted because certain power lines literally cannot hold onto that many electrons. A subreddit for the quantitative finance: discussions, resources and research. I have a bachelors and masters in econ, math minor, and statistics certificate. There is a lot of difference between long term products (yearly, quarterly products), these trade mostly based on macro conditions and tend to be the most similar to traditional commodity trading. There’s a world of opportunity here. Companies that can be flexible will use public APIs to directly respond to peaks in demand and lulls in generation to minimize their power bills. Posted by u/hansfinans - 3 votes and no comments Jun 25, 2024 · An energy trader's main responsibilities include developing techniques and strategies for trading, completing market analysis, and executing trades. Cobblestone Energy (energy trading company) I’ve seen a lot of vacancies from around the world for a jr trader training role for this company (I’ve been thinking to apply) but I can’t find much info of the company online or about the people that work there, does anyone knows if it is a legitimate company or is a fraud? And of course apply to any and every graduate trading program at the big producers a commodity houses. 39 votes, 10 comments. You join a training program at a major or a big trading house and graduate through that program to become a trader. 1. " In terms of difference of trading--honestly it's huge and a physical trader doesn't translate to a paper trader (heck, some funds try not to hire phys traders) and vice versa. r/energy_trading: A place to discuss all things energy trading - both financial and physical. Some 30-40 different species came through every sweep; some to sell goods, some to buy, others journeying to a new home, and some just there to experience the fun of life on the cutting edge of Galactic trade here in Atrotomsk Station. Traders can also trade on energy stocks. 5 years and still can't complain, most of my colleagues got their 25days/years of holidays and are still miserable every day so really depends if you are passionate and love your market or not First off, forget about the MSF program, no one cares about it for commodities. Grain trader checking in. Mid to senior level in trading $200-300k is probably about the median. So how much do power traders make in general? Is it similar to other physical energy commodities? Thank you I’ve worked various places as a trader. It has little to do with countries "needing" energy resources like it's a giant game of civ. to access Reddit. Friendly reminder that choosing descriptive post titles with exact product names mentioned yields better subreddit search results and helps our subreddit be more inclusive to those who use Screen Reader Software or Text-to-Speech apps. Hello guys, how is life as a trader for oil/gas? I ask especially for Geneve, London or Vienna (OMV). My objective is to work for an energy trading firm in Europe. Maybe even New York but I have an mechanical Engineering backround from Europe, is this common in NY? Jul 27, 2023 · To understand the difference between wholesale energy markets and traditional financial markets, it's important to grasp the nature of trading electricity, compared to financial assets like In 2020 I had about $40k in losses as the value of the energy MLPs dropped and I was still trading them. I currently work for an electric company, I've obtained a MSc in Energy Management, and I have made good connections with that side of the company. Feb 24, 2024 · Diving into the world of energy trading, especially at a firm focused on Financial Transmission Rights (FTRs), is like embarking on a thrilling expedition through the high seas of the financial markets, with a compass pointing towards both risk and reward. We have hubs in Dubai, Houston, London, Rotterdam and Singapore, trading in crude oil, natural gas, LNG, electrical power, refined products, chemical feedstocks and environmental products. Seems like the career progression for this is to eventually become a trader/PM and be able to take risk. ). Are there any current or ex Energy Traders here that could share some advice on what I should be working on whilst I am still studying or anything extra I can be doing outside of studying to increase my chances of landing a role as an Energy Trader? Get the Reddit app Scan this QR code to download the app now for aspirant traders that consider to apply for an energy trading role at an energy trading firm The short-term energy market currently has a massive gap in terms of technology used and capturing volatility/profit, like most of the energy companies are just selling what they produce based on the trader's intuition. It wasn't as a trader, mind, but a payment administrator. r/energy • The Biden-era energy policy Republicans keep pretending not to notice. wbryl niyig mcy uutqj eubp gjxkcu sjmev nxko tsl wdp