Recent content by puretrader

Although it is not worthing arguing about, I mentioned GS prop only after you expanded the topic of conversation to all wall street jobs when you proclaimed that inst sales trading is the best job on wall street.

No, trading on Goldman's prop desk is the best job on wall street. Sellside is so 20th century.

An inst sales trader is a sellside trader that that buys and sells financial instruments on behalf of inst clients. An inst salesperson tries to get inst clients to buy financial instruments currently in his or her firm's inventory. There job is to also generate new business. In other...

Your cover letter is too long and too emotional. You come across like the Rudy of trading. With that being said, everything else looks fine. Be patient. Most employeers probably want someone that can start asap. Unless you are applying to Goldman, etc., must funds or banks do not hire this...

...horseshit futures, if there is volatility and liquidity. 2007 will be no different than 1997, just like 1997 was no different than 1987.

If you don't know what to do, why don't you start looking at other markets? The US equity market is not the only market in the world.

hmm... you can buy it back, buy the underlying, or hedge with a lower strike price. I am assuming that the original trade was not a directional bet, so why end up with one? I wouldn't stay naked too much longer, whatever you do.

Very applicable to question presented by the OP: Happiness is not to be achieved at the command of emotional whims. Happiness is not the satisfaction of whatever irrational wishes you might blindly attempt to indulge. Happiness is a state of non-contradictory joy a joy without penalty or...

I trade for a small macro fund in southern CT.

Do you have a specific questions or are you just looking for a place to vent?

What market(s) do you trade and what floor are you from?

Are you an ex-floor trader having a problem adjusting to e-trading?

Are you fucking kidding me? You, my Friend, are the reason why I haven't worked in 5 years. Don't forget to use leverage :D

That is not a plan. Why did you buy it?

No, books and websites ate a complete waste of time. Understand the basics, like what kind of trader you want to become, what products you want to trade and how those products are executed. Also, learn money management. Otherwise, book and sites teaching plans or techniques are a waste of time...