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His average year is over 50% and his worst year is not even down 20%. He started at 10k and has been doing this for 19 years so say 25 million? Why does he need any income from his chat group and how it adds up to 10% of his income? I would imagine that best scammers do sound like honest guys

Oh my God, you're a genius! Can I give you a million dollars and you bring back 4.6 in a couple of months?

Capital structure arbitrage

Actually, that Chinese Wall between various parts of IBs, such as research and trading, is pretty real. It's surprising, considering how much other shit is going on, but I guess IBs have been burned on the whole information leakage a few times. For a smaller investor who wants to play the...

I have not touched the energy spreads for a while, but my experience with other multi-legged spreads is that execution is very touchy. We have a fairly nice in-house HFT-based solution for it and still I am not happy with the quality of execution.

Next question - why do you need so many monitors?

Regular Dec or DecL?

I have no idea who he is, but yes, if you can figure stuff to do in micro-cap stocks/debt (not TA day-trading stuff, but real stuff - LS, maybe something CSA-like etc), there is probably enough to support a healthy lifestyle.

Don't know about S&M part, but I certainly felt that the type of chatter was very close to real life trading floor talk (which is surprising). I don't recall the first episode, maybe it's a matter of following it for a few episodes to get into the grove. PS. I thought Suits sucked, for that...

You're not an institutional trader/PM currently and I suspect never worked as one before. How would you know what is and what is not an issue for the finance industry, specifically for trading managers/PMs?

While I definitely might be wrong, I have seen similar issues for number of female traders reporting to me or into adjacent groups. I have also heard enough anecdotal evidence from people across the street. We are traders, so we look at the world, see statistically significant phenomena and...

I don't know. I am merely pointing out the problem and never given it enough thought to figure out a global fix. When I used to have people reporting to me, a local fix for me personally was to make a conscious effort to treat female co-workers the same way I'd treat men. My experience was that...

You certainly seem to get more for 5mm there then in Manhattan :)

The probability of that is low, because there are so few women-traders to begin with, especially senior ones. Well, no, because if eventually the junior trader never develops a personal relationship with her mentor, it's her career growth that's stunted.

I said it's a structural issue, not difference. The issue is that woman in finance face some unique challenges that men don't face. Simple example - when a young woman starts as a trader, it's harder to develop a close relationship with her mentor without sending, erm, wrong signals. For the...

Well, you did or at least you made what in the media speak is "an implied connection" in the original post. I say we leave this alone and each agree to disagree.

I don't think there is any value in trying to improve my social status on an internet forum. I honestly dislike ethnic (or any other group) derogation/discrimination, except when it's a joke. I don't know why, could be a chip on my shoulder as zdreg thinks, but I almost never let it go.

Now that I am logged in from home, I was able to read the SEC case and figure out who the "ethnic group" is. Drumroll - it's Italian-Americans! I still have to say that any wholesale derogation of any group is wrong, even if the media seem to be ok with it.

Because you need capital and market access. It's for the same reason I am working for a multi-billion fund instead of trading out my basement somewhere in the Rocky Mountains. Nobody really decides that, it's not about business sense, it's about attrition and lack of opportunity. Finance is an...

Good points, but you can probably make similar statements about gold. After all, physical commodity has it's drawbacks that we are trying to address the best we can. Easily. In fact, it can go out of vogue all together, though since it's a great way to get around capital and fiscal controls I...