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i think people in other nations are happier just because there is less to compare to. a european may be "happy" until he gets a taste of american culture and then believes he has a comparatively shittier life. it's all really about the carrot waving which the bid/offer spread money changers...

happiness is relative to one's perception of reality. poverty stricken indians in mumbai may say they're happy but that's cos they just got their rice ration on time.

take lsd

It is a proven fact that the great traders are schizotypal paranoids and generally sociopathic and/or bipolar. The vast majority can be aggressive or passive but are otherwise generally normal and make up the average market participant. Case in point, he is the guy who is buying without a...

Doesn't matter. Banks don't lend anymore.

immoral people make good bankers and traders

i've seen several firms take a training fee, which is basically ur capital deposit in disguise and an excuse to distribute your profits at a low payout cos they tell u you're trading their money when it's actually urs. avoid.

everyone's short

sadly the flip side of democracy is that majority always wins. this administration does not put a premium on iq. in fact, it subtly punishes it

For the umpeenth time, Gold isn't a currency. Gold COINS have been currency in the past. but Gold as a commodity is not money as paper pulp isn't and so isn't copper and zinc which they strike into pennies and quarters! Gold is a commodity and a store of wealth to carry over across death...

Because the core business in these companies are no longer commissions as they once were. Listen, if you've been in the business for 10 years and been making, you're good. In fact you're great because only 1% last that long. Props also need success stories to continue the carrot waving...

Maybe places you've traded at are exceptions. But I do speak of this behavior as something that happens often. Does your firm get happy when you make. Doubt it. It's simple math.. Out of the tens of thousands of accounts these firms have opened, 90% close out after less than a year or two...

Because the risk managers who work at these pseudo props do a fantastic job at covering it's customers at market tops and bottoms. I've heard stories of places which promise 40:1 and then re-adjust to 3:1 just when their customer books are overwhelmingly one sided on that particular security...

This is an extremely myopic view of prop trading, imho.

Alot of traders in NY have a strange tick in their face.

Cramer reflects the state of America and it's media. He is why US got downgraded to AA

The Fed

VN had livermore disease. Great trader who didn't care about money.

Poverty in the United states hides under a veil. As long as subsidies are distributed (including pensions), you don't know who is well off or poor. In fact, more likely you think a poor guy is wealthy by the way he talks up his game. History says that the poor is exposed when the ponzi cracks...

Right, they should all just domecile in Beijing, not pay taxes and screw hiring here.