Practical Methodology for Trader Development
InstradeV’s PROCESS
Training program development begins with a consultation about the client’s unique challenges, timetable, and goals. From that starting point Instradev will customize the content, depth of exploration of the material, and market & product-specific examples to ensure that the training program is targeting all of the client’s developmental requirements.
CORE CONCEPts
The client’s needs will shape the scope of the training program and determine the topics and coverage of the material. Instradev’s core approach to trader development is derived from the textbook Trader Construction Kit, and some of the most commonly requested training topics include:
Understanding how a market operates and how the commercial needs of the participants drive transactional behavior.
Developing a methodology for distilling information into an actionable perspective on the future pf price.
The critical need to identify and quantify the probable risks and potential rewards present in the market.
Using directional, spread, and option strategies to express a view of the market.
The need and process for continual evolution as a professional trader.
SAMPLE CURRICULA
Examples of actual outlines from recent training programs Instradev has developed and presented to global trading firms:
Founder & Principal
Joel Rubano is an energy commodity trader with twenty years of experience at merchant trading companies, deregulated utility subsidiaries, a hedge fund, and an international oil producer. He has been responsible for hedging the financial exposures of a multi-billion dollar asset portfolio and has speculatively traded oil, natural gas, coal and electricity on an institutional scale.
In 2020, he published the second edition of Trader Construction Kit, a practical guide to developing the skills and techniques employed by professional traders at financial institutions that forms the basis of Instradev's training methodology. In 2017 Mr. Rubano published the follow-up paper A Comparison of Current Academic and Industry Pedagogies for Developing Traders on SSRN.
Rubano holds a BS in Managerial Economics from Carnegie Mellon University and a Master of Science in Finance from University of Massachusetts Lowell.
“Mr. Rubano is uniquely qualified to provide this training. Not only does he bring his insightful knowledge and years of research on what it takes to be a successful trader but his passion is clearly felt through his relevant story telling”