Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Not quite sure if you can make out the yellow mark over my head, but that's me standing in-between the guy writing and the bald guy (approximately in the middle of the picture).
As a rule there has always been a long-standing, mutual lack-of-respect between independent floor traders (who trade and risk their own capital) and institutional desk traders (who trade anything but their own capital). Sure, their jobs and careers and benefits are on-the-line, but so what, their money isn't! It's a kind of, if you're going to talk-the-talk; you better be able to walk-the-walk... and if you are trading OPM, you ain't walking-the walk.
I really think it's a case of a dominant "y" chromosome which is hereditary and passed down to all floor traders. If you're good and you can make consistent money trading, why work for someone...unless you're a pussy, and you are afraid to risk your own dough. Big difference between dropping a million in a day, of your own money, and dropping a million of UBS's billions.
that every one of those people on the UBS desk is 1) an employee 2) on the same team 3) gets paid a salary 4) to a person does not risk a penny of their own money in their daily vocation. If you do not understand any of those four items and how they make these groups totally different then you simply don't understand.
