Brynne Kelly is an electricity, natural gas, and crude oil trader who has devoted a significant portion of her career to merchant trading desks, for the likes of BP amongst others. She also has experience as a prop trader and a hedge fund portfolio manager.
In today’s chat, we cover Brynne’s duties as head of trading desks; how she educated, trained and supervised newer traders; a general look at how Brynne trades relationships using fundamentals and macro trends; and tons more.
For many of our listeners, some of this may not be directly applicable to your own trading, but this conversation provides unique insights as to how things work from the merchant side.
What’s Covered in This Interview:
- Brynne started out in the field of accounting, but aspired to make her way onto a trading desk—she talks about the trials and black and white nature of trading.
- What comes with the position of speculator at BP’s merchant trading group, Brynne’s responsibilities as head of the trading desk, and how deals were made with other retailers.
- Why it was necessary for Brynne to show new traders how to address crises, intimately learn their platform (ETRM), and form personal opinions.
- Life on the trading desk; what gave traders the ability to survive and prosper, generally speaking, and the reasons driving many short-term traders to want to become long-term traders.
- An overview of how Brynne trades relationships using macro trends and fundamentals, and how she goes from research to trade execution.
- The biggest changes to energy markets over the last 20 years and general advice for amateur traders; including, reasonable expectations, trading as a hobby versus business, etc.
Links and Resources:
- Futures Radio Show (Episode 086) – Check out Brynne’s guest spot on Anthony Crudele’s podcast.
- @BrynneAndRic – Follow Brynne on Twitter, and tweet her about this episode!
- TradeStation – TradeStation clients have it pretty good; an amazing platform, great commissions, and all the rest!
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