Why You Should Try Being A Trader (At Least Once)
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Everything I have learned about managing my own and other's money over the past decade and a half has taught me to avoid short-term trading (i.e. day trading) like a plague.
Yet, like a forbidden fruit trading has always enticed me.
Trading Rock Stars
A couple of years ago I visited the offices of a $7 billion macro-oriented hedge fund for some due diligence.
They were quantitative and discretionary macro traders. Their trading floor was divided in half.
The quants sat on one side of the room and looked appropriately geeky and mathematical as they stared at their trading screens. Their job was to make sure the computerized trading programs they developed were working properly.
On the other side of the room were the discretionary traders. They were more laid back. Chatting with each other. A guitar leaning against one of the trading desks.
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