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Does it help to work in NYC?
- Thread starter windsorphd
- Start date
Quote from TheStudent:
I'm not just relying on a bullshit survey to form my opinion.
I've spent a fair amount of time in Tokyo, London, New York, the Bay Area, Shanghai, Singapore, Bangkok and I can tell you what restaurant meals and apartment rentals cost in those cities.
Believe what you will, but your cost of living visibly plummets even as you cross the East River from Manhattan into Brooklyn.
If dollars and cents was your only consideration, there are much better places around the world to trade from than NYC.
Furthermore your survey is hopelessly out of date. Anyone who has been to Tokyo in the past 3 years can tell you that in many aspects, the cost of living in Tokyo, even in nice districts like Ometesando is cheaper than Manhattan. And the cost of rent, transport and eating out in Zone 1 in London is simply painful.
the devil is in the details. last i heard brooklyn was part of nyc.
Quote from qxr1011:
===Are there any (dis)advantages to working in NYC as a day trader? ==
IMHO there are no advantages.
I personally would rather be in a different time zone, something like Arizona, since I wake up early and would rather start early.
Trading in Arizona is only a half day job here whereas in NYC I believe they stretch it out through the whole day for some unknown reasons.
They also have a thing called snow in NYC. We restrict snow to the mountain ski areas here.
Arizona is not on any cost of living lists since we do not have costs here; we use a border crossing thing instead for food and labor. Our version of Forex.
We do not change times zones during the year either. Feeding time is feeding time year round; horses rule.
Used mirage fighters are the toy of choice now that we have the lubricant crossovers straight.
Quote from snooptrader:
That is the funniest thing I have read all day. Spend a year living there, and then get back to me.
u make me laugh. you are part of the herd of know nothings. did you try exploring the city or did you just go to tourist traps or some place recommended by your boss who lives on park ave. or on long island.
Quote from zdreg:
u make me laugh. you are part of the herd of know nothings. did you try exploring the city or did you just go to tourist traps or some place recommended by your boss who lives on park ave. or on long island.
im sure you can find shitholes to eat, drink, or live in, but on the average everything is quite expensive..
I've been trading from NYC (Manhattan) for about a year now. NYC is very expensive and rents are crazy. I'm seriously thinking of relocating to Los Angeles (my firm has a few branches out there) due to cheaper cost of living, better trading hours (at least for me since I'm an early bird - I'll be done at 1 p.m. L.A. time), and warmer weather. I wouldn't recommend trading from NYC because there are much cheaper and nicer places to trade from - quality of life counts big time.