16 Comments
 

Not true all at.

While at my internship, all the traders on my desk were fat and chubby, except for one who was extremely skinny and a chain smoker.

 

General rule is the more complicated the product the healthier the traders. Most of the cash guys on the floor are fat chain smokers who drink like fishes and probably have some other worse habits as well.

 
awm55General rule is the more complicated the product the healthier the traders. Most of the cash guys on the floor are fat chain smokers who drink like fishes and probably have some other worse habits as well.

does this apply for the exotic stuff like lookbacks

 
blastoise
awm55General rule is the more complicated the product the healthier the traders. Most of the cash guys on the floor are fat chain smokers who drink like fishes and probably have some other worse habits as well.

does this apply for the exotic stuff like lookbacks

Again, very general rule is structured products guys are more nerdy and tend to drink/go-out less than the more vanilla guys. Huge generalizations here though (obviously).

 
derivstradingits much more desk specific. If you have an MD that has a sports background, most likely the hiring on that desk might be geared towards similar types of people. Same with the nerdy computer geek types. And Jan Sramek lists himself as an "Olympic hopeful", so I wouldnt put much clout into a statement like that, altho he is apparently very good.

Definitely this.

People hire who they can stand to be around more often than not.

 

Totally useless and anecdotal here but the coolest traders I have ever hung out with were options guys. Best combo of athletic, drinkers, etc.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

All of my trader buddies have athletic backgrounds....and the comment above on if the MD is an athlete, most of the group will be, is completly true

"Jesus, he's like a gremlin; comes with instructions and shit"
 

I know a lot athletic types in trading, it does seem to be a strong correlation. But I think the underpinning idea here is a competitive nature.

An options trader from Chicago was a national SCRABBLE champion. I know another one that kicked ass on Jeopardy quite a few years ago. There are a few traders that are also champion poker players.

And I have met a lot of people that won or placed very high in math olympiads, physics olympiads, programming contests, you name it.

 

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"Jesus, he's like a gremlin; comes with instructions and shit"

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