Trader's lifestyle
Surprisingly, I can't find many threads on this topic. There have been many threads on the banker's lifestyle, but not many threads on the trader's lifestyle.
We all know that the myth of models and bottles in banking is a lie. Getting girls has little to do with money, it's all about your game. We also agree that getting girls is one of the most fundamental male motivations. It really sucks when your 100 hours per week job gets in the way of getting girls.
If a trader only works 12 hours a day, he should have a much better work life balance right? He has the rest of the evening to work out, play some poker, go out, and spend time with girls? So traders should be much happier with their general life and sex life than bankers, provided that his PnL is going well.
I see bankers complaining about their lives, but I want to check out the situation on the S&T side. I want money but I also want girls and a good lifestyle.
Depends if the trader is
Depends if the trader is holding overnight positions with his own money or job on the line. I'll admit to the occasional stress dream.
"Dude, not trying to be a dick here, but your shop looks like a frontrunner for the cover of Better Boilerrooms & Chophouses or Bucketshop Quarterly."
-Uncle Eddie
Its tough to generalize
Its tough to generalize because a lot of this depends on whether you are sellside/buyside, prop/flow, product, fund size, etc. I know several PM's and their moods are 100% dictated by their P&L to the point that if they had a bad day they go home and treat their families like shit only to show up the next night with toys and flowers after the market goes up 200 points. The lifestyle is incredibly demanding and there is a reason that many guys get burnt out. Sitting in front of 6 flashing screens for 8-12 hours a day in a stressful environment isnt exactly ideal either but I would choose it over working 100 hours a week in a job that requires turning pitchbooks, formatting working group lists, auditing models, and hours of wasted face time.
My preference would be a value oriented or activist fund because then I could sit in my office reading research and discussing ideas with colleagues all day rather than deal with daily market vol.
The issue of getting girls
The issue of getting girls has come up more than once lately. I've been everywhere of recent...out of school close 2 yrs now, so i remember what it was like in college, know how things work in terms of personalities on the street, etc. worked in BO, work in FO,etc. I saw a post a few weeks ago about some kid telling some girl that he worked in the BO and if she wasnt ok with it, he bounced. Or, some kid complaining that he was with "eastern european 9s and 10s" in college and is just settling for 6s now.
Allow me to make this clear.
The large majority of women in New York do not care that you work in Settlements, HR,mergers and Acquisitions, FICC prop trading, what have you. She may know your bank, but trust me, if you think something like telling a girl about your great trade in FX today is going to impress a woman, youre an idiot. By large majority I mean over 90% dont care. I feel like an old man at the tender age of 25 typing here, seeing how illogical what some of you have to say about the subject, for such smart kids otherwise. Throw monkey shit at me fine, I dont care. If you really think a girl is going to look past the fact that a) you have bad breath, b) you dress like a slob and are 40 lbs over weight, c) have no personality, because youre "a ballin banker", you need help. Being a banker doesnt make you "baller". You do. Do you actually think the average woman who works in advertising, PR, law, any other field etc. thinks what you do is any more than what she saw in 10 seconds of Ferris Bueller at the CBOE, or Wall St 2?
Theres also zero chance a college kid was pulling "eastern european 9s and 10s". And chances are, you won't be either. I mean you may, and they may well like you if youre a "ballin MD at a PE shop", but you're all smart kids or you wouldnt be on here..you know why they're around you..... There are plenty of solid 8-9-10s that are around NY that with the right attitude and half a brain, you'll be able to talk to, and chill with, that are solid to date or hang out with.
I know, I know.....you're different..."Nah bro I get mad numbers all the time, model level". wanna know a huge facet of a good trader? Being able to read through the bull.
I forget the story that Uncle Eddie had about his friend that lived in some dump apartment but just met beautiful women all the time. I dont recall him being a banker or a trader. I'll say it a 3rd time, you're all smart and driven to be on here...Realize that being a "banker" or a "trader", or "working at Morgan", etc....isnt a substitute for not looking like a slob, having some confidence in yourself---you all kill yourself to make loads of $ and prestige and blah blah blah, act on the confidence that comes with the things youre killing yourself to achieve , and most importantly, having the cajones to actually man up and talk to the girl you want to.
That all being said, trading does offer a better lifestyle, but as FinancePun said, there are going to be nights youre not going to sleep very well. You may not technically be working, but youll be thinking about it.
I will end this by saying...go into trading or whatever you want to, for you. Not becuase you think it will get you women.
dorsia reservations
The issue of getting girls has come up more than once lately. I've been everywhere of recent...out of school close 2 yrs now, so i remember what it was like in college, know how things work in terms of personalities on the street, etc. worked in BO, work in FO,etc. I saw a post a few weeks ago about some kid telling some girl that he worked in the BO and if she wasnt ok with it, he bounced. Or, some kid complaining that he was with "eastern european 9s and 10s" in college and is just settling for 6s now.
Allow me to make this clear.
The large majority of women in New York do not care that you work in Settlements, HR,mergers and Acquisitions, FICC prop trading, what have you. She may know your bank, but trust me, if you think something like telling a girl about your great trade in FX today is going to impress a woman, youre an idiot. By large majority I mean over 90% dont care. I feel like an old man at the tender age of 25 typing here, seeing how illogical what some of you have to say about the subject, for such smart kids otherwise. Throw monkey shit at me fine, I dont care. If you really think a girl is going to look past the fact that a) you have bad breath, b) you dress like a slob and are 40 lbs over weight, c) have no personality, because youre "a ballin banker", you need help. Being a banker doesnt make you "baller". You do. Do you actually think the average woman who works in advertising, PR, law, any other field etc. thinks what you do is any more than what she saw in 10 seconds of Ferris Bueller at the CBOE, or Wall St 2?
Theres also zero chance a college kid was pulling "eastern european 9s and 10s". And chances are, you won't be either. I mean you may, and they may well like you if youre a "ballin MD at a PE shop", but you're all smart kids or you wouldnt be on here..you know why they're around you..... There are plenty of solid 8-9-10s that are around NY that with the right attitude and half a brain, you'll be able to talk to, and chill with, that are solid to date or hang out with.
I know, I know.....you're different..."Nah bro I get mad numbers all the time, model level". wanna know a huge facet of a good trader? Being able to read through the bull.
I forget the story that Uncle Eddie had about his friend that lived in some dump apartment but just met beautiful women all the time. I dont recall him being a banker or a trader. I'll say it a 3rd time, you're all smart and driven to be on here...Realize that being a "banker" or a "trader", or "working at Morgan", etc....isnt a substitute for not looking like a slob, having some confidence in yourself---you all kill yourself to make loads of $ and prestige and blah blah blah, act on the confidence that comes with the things youre killing yourself to achieve , and most importantly, having the cajones to actually man up and talk to the girl you want to.
That all being said, trading does offer a better lifestyle, but as FinancePun said, there are going to be nights youre not going to sleep very well. You may not technically be working, but youll be thinking about it.
I will end this by saying...go into trading or whatever you want to, for you. Not becuase you think it will get you women.
+1 if I had some monkey credits
IVY for Life
I agree with comments above
I agree with comments above in that you have to be more specific. What type of trader? ie What type of firm? and what desk? These are the two big questions that come to mind.
The whole models and bottles thing really pisses me off, period. It's beaten to death in this forum. Your not your job. Women generally gravitate towards successful men, and finance conveys that. That's it. Finance guys are a dime a dozen in NYC, and many of them are socially inept and insecure tools. If you do run into a girl who's completely sold on the fact that your a finance guy, you'd better bring your own condoms because the ones she has at her place will probably have pinholes in them.
I agree OP, carry yourself well, be confident and friendly, and you'll be more than fine....
As for your original question, I'm on a commodity desk (energies) at a HF. If your interested in what my day is like, I'll give you a breakdown.
Day in the life of a
Day in the life of a commodities desk trader.
Go.
RagnarDanneskjold wrote: I
I agree with comments above in that you have to be more specific. What type of trader? ie What type of firm? and what desk? These are the two big questions that come to mind.
The whole models and bottles thing really pisses me off, period. It's beaten to death in this forum. Your not your job. Women generally gravitate towards successful men, and finance conveys that. That's it. Finance guys are a dime a dozen in NYC, and many of them are socially inept and insecure tools. If you do run into a girl who's completely sold on the fact that your a finance guy, you'd better bring your own condoms because the ones she has at her place will probably have pinholes in them.
I agree OP, carry yourself well, be confident and friendly, and you'll be more than fine....
As for your original question, I'm on a commodity desk (energies) at a HF. If your interested in what my day is like, I'll give you a breakdown.
Curious do you guys take many analysts from nat res IB groups or is it mostly ex-industry guys or those that have worked on energy desks elsewhere?
People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
RagnarDanneskjold wrote: I
I agree with comments above in that you have to be more specific. What type of trader? ie What type of firm? and what desk? These are the two big questions that come to mind.
The whole models and bottles thing really pisses me off, period. It's beaten to death in this forum. Your not your job. Women generally gravitate towards successful men, and finance conveys that. That's it. Finance guys are a dime a dozen in NYC, and many of them are socially inept and insecure tools. If you do run into a girl who's completely sold on the fact that your a finance guy, you'd better bring your own condoms because the ones she has at her place will probably have pinholes in them.
I agree OP, carry yourself well, be confident and friendly, and you'll be more than fine....
As for your original question, I'm on a commodity desk (energies) at a HF. If your interested in what my day is like, I'll give you a breakdown.
This would be much appreciated.
Going after attractive women,
Going after attractive women, who doesn't?
Selecting a job because of it, is silly in my opinion. I chose to pursue Trading because I think I'll enjoy it and it has been one of very few things that have genuinely grabbed my interest, that also doubles as a viable career.
Not everyone can be an NBA superstar and get paid crazy money to play a game they love as a job. However, you can find a job you like, be happy in that job, and get paid well. That should be the target.
Anybody going after a job with the idea that getting it will get them "models and bottles" is:
A) Insecure, because they are basing their entire self-worth on the acquisition of said models and bottles
B) Misleading themselves, because as mentioned before in this thread, most women don't just go after paychecks and the ones that do are usually crazy
C) Incredibly short-sighted
It's a bi-product of doing a job you enjoy, not the sole reason for doing it.
lol I'd say dating is like
lol I'd say dating is like cold calling.. complete numbers game.
Just gotta approach a lot of girls just like how we approach lots of boutiques.
Oh and just figure out how to get into asian clubs. Asian girls can be so easy to get. Then go for art school girls, jesus those can be easy too.
One last point. This was
One last point.
This was asked to me by a friend of mine about how traders make a lot of money so they always have beautiful women around them.
Youre missing the point if thats what you're thinking. Think its a suprise most traders are ex-military, ex-athlete, and are seen as having guts, etc....? Meaning they can handle fear, pressure, and most importantly, negative feedback (rejection).....
Sound familiar to qualities needed to talk to an attractive woman?
I am a commodities trader so
I am a commodities trader so any direct questions can come my way....
I like to win, dont mind earning it and work hard... i also played baseball in college... i didnt have trouble with girls when i was broke or now that I have some $$.... end of day your job does not make you who you are.. and if it does you need to grow a pair...
WSO Conf - June 29, 2013
some sell side traders leave
some sell side traders leave 30 mins after the close of the market. it's pretty low stress and the hours are incredible. then again they will never be rich. I wouldn't want to do it unless I already had a family and was already committed to living in the burbs.
thedude wrote: some sell side
some sell side traders leave 30 mins after the close of the market. it's pretty low stress and the hours are incredible. then again they will never be rich. I wouldn't want to do it unless I already had a family and was already committed to living in the burbs.
What?
This post has gaping holes in so many ways.
IVY for Life
futuretrader1999
The issue of getting girls has come up more than once lately. I've been everywhere of recent...out of school close 2 yrs now, so i remember what it was like in college, know how things work in terms of personalities on the street, etc. worked in BO, work in FO,etc. I saw a post a few weeks ago about some kid telling some girl that he worked in the BO and if she wasnt ok with it, he bounced. Or, some kid complaining that he was with "eastern european 9s and 10s" in college and is just settling for 6s now.
Allow me to make this clear.
The large majority of women in New York do not care that you work in Settlements, HR,mergers and Acquisitions, FICC prop trading, what have you. She may know your bank, but trust me, if you think something like telling a girl about your great trade in FX today is going to impress a woman, youre an idiot. By large majority I mean over 90% dont care. I feel like an old man at the tender age of 25 typing here, seeing how illogical what some of you have to say about the subject, for such smart kids otherwise. Throw monkey shit at me fine, I dont care. If you really think a girl is going to look past the fact that a) you have bad breath, b) you dress like a slob and are 40 lbs over weight, c) have no personality, because youre "a ballin banker", you need help. Being a banker doesnt make you "baller". You do. Do you actually think the average woman who works in advertising, PR, law, any other field etc. thinks what you do is any more than what she saw in 10 seconds of Ferris Bueller at the CBOE, or Wall St 2?
Theres also zero chance a college kid was pulling "eastern european 9s and 10s". And chances are, you won't be either. I mean you may, and they may well like you if youre a "ballin MD at a PE shop", but you're all smart kids or you wouldnt be on here..you know why they're around you..... There are plenty of solid 8-9-10s that are around NY that with the right attitude and half a brain, you'll be able to talk to, and chill with, that are solid to date or hang out with.
I know, I know.....you're different..."Nah bro I get mad numbers all the time, model level". wanna know a huge facet of a good trader? Being able to read through the bull.
I forget the story that Uncle Eddie had about his friend that lived in some dump apartment but just met beautiful women all the time. I dont recall him being a banker or a trader. I'll say it a 3rd time, you're all smart and driven to be on here...Realize that being a "banker" or a "trader", or "working at Morgan", etc....isnt a substitute for not looking like a slob, having some confidence in yourself---you all kill yourself to make loads of $ and prestige and blah blah blah, act on the confidence that comes with the things youre killing yourself to achieve , and most importantly, having the cajones to actually man up and talk to the girl you want to.
That all being said, trading does offer a better lifestyle, but as FinancePun said, there are going to be nights youre not going to sleep very well. You may not technically be working, but youll be thinking about it.
I will end this by saying...go into trading or whatever you want to, for you. Not becuase you think it will get you women.
+1 if I had some monkey credits
+1 to you my man
I Got a dollar and a dream...
futuretrader1999
thedude wrote: some sell side
thedude> You work in this
alright you win. most sell
can we stray off the getting
a) you didn't reference you
I guess when a phone in my
Read what I wrote about
thedude wrote: I guess when a
i am not a trader num nuts. I
wow u must be at some
IVY for Life
thedude: you're talking about
baddebt88 wrote: Hell what is
S&T Careers - The only trading interview guide you will ever need
If you have any questions email them to me at [email protected]
derivstrading
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock
Excuse the semi hijack, not
women care about money after
ambition56 wrote: I'm curious
dabanobo wrote: ambition56
I like where this
FinancePun wrote: "Dude, not
"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer
Ok assholes im here! Lol this
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
I know the whole "models and
lots of people on the desk I
WSO Conf - June 29, 2013
John G wrote: I know the
Thanks, that what I hoped to
this whole models and bottles
S&T Careers - The only trading interview guide you will ever need
If you have any questions email them to me at [email protected]
I'm well aware of the fact
I know that this thread is
I would love to see a
Can any monkeys comment on
Can any monkeys comment on