What It's Like To Be A Prop Trader: The Inside Info

An alma mater of mine owned a throaty Mustang back in college, played online poker for a job once, now listens to Skrillex, and enjoys karaoke nights. Not your ideal trader,...

Why Dishonest Traders Make The Most Money

Once again, anthropologist Joris Luyendijk of The Guardian's Banking Blog is back! This time he brings us a brutally honest story from a fast talking, energetic, 30-something...

The Real Impact of HFT And What You Don't Know

NNT has it right when he talks about fragility in the context of financial markets. For example, in 2010 the Flash Crash caused a near 1K point plunge in the DJIA. In 2012, a...

What Is Algorithmic Trading And How Does It Work?

Big hair, Ray Bans, and cocaine...ah, the 80's! Gone are the halcyon days of hustling traders verbally duking-it-out and acting like a schoolyard full of hormonal teenage boys...

Laser-In On This One Thing To Be A Successful Trader

It's said that 90% of traders fail to be successful but I may know a secret that the 10% utilize to dramatically beat the odds ! No, it's not a black market GS algorithm, SAC...

How Ivies Brainwash HS Students Into College Zombies

Like Kyle Massey's cancer, it's a hoax to believe the ONLY ticket to WS or any great business success is an Ivy degree. It seems that some monkeys out there have been...

How To Spot An Epic Trade: The £ And Asiana Airlines

Just like the crash landing in San Francisco yesterday, the PS had a similar incident in '92. Just as the two associated fatalities are an unfortunate outcome of the crash, a...

Futures Trading 101: What Is A Speculator?

So what does it mean exactly to speculate? First there was, John Maynard Keynes speculating as a currency trader in the 1920's where experience taught him, "The market can stay...

Futures Trading 101: What Does Hedging Mean?

So what exactly does it mean to hedge ? First, there was Sonic the Hedgehog who repeatedly failed to defeat Dr. Robotnik. Then along came unregulated private funds like Long...

Part II: So You Want To Be A Derivatives Trader?

If you enjoyed last week's post then...here's Part II! Straight from the Banking Blog about a 20-something derivatives trader who worked for a MM firm in a small European...

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