questions answered.

yeahright

First, distinguish whether you mean Sales Trader or Executiion Trader. Both are considered "S&T" but do different things.

You can give him a bit of slack, as you understand what he meant by S&T given the rest of his post :) fixedincomekid, what yeahright is telling you is that S&T refers usually to "sales-traders" which is an actual job in and of itself. A trader to which you are referring to is an execution trader. You talk about the equity department of a bank or the fixed income department of a bank, not s&t at a BB, even though it makes sense in the purely semantical sense. You can also talk about the trading floor.

Traders make markets like monkeys and take small risks. Given the recent past, traders' balls have been more or less cut off, so they can't take much risk anymore. As you grow older in the hierarchy you trade and you get more responsibilities and markets. Then you keep trading and maybe you'll become a group head. You'll keep on wasting your sad little life with your brokers who will take you racing F1s, and treat you like you are their best friend. You'll stop enjoying good bottles of wine, as you'll be receiving millions of them for Christmas and you won't be able to distinguish them from $1 bottles in the end.

You'll usually feel like a sense of entitlement in your second year as a trader, you will treat everyone around you like shit be it sales or brokers, and God forbids they put you in front of a client as you will just fuck up entirely the relationship. This is exaggerating a little, and I love almost all my traders; I've just worked in the past in other companies with absolute wankers; when shit hit the fan, they did not bounce back. Moral of the story: be nice to your sales (you can still shit on your brokers, they are there for that)

PS: Some clever traders move on to the buy side, or just trade their money prop. PSS: One of my best bud is a trader, he is still a twat though