Hearing Chicago MERC trader commited suicide after blowing out

Quote from marketsurfer:

nitro,

nice to see you back. Option mm funds are the only funds that are up huge this year. what are the concerns? based on the ones I know and am invested with, they are thrilled so far.

thanks,

surf
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Market making and market taking is not the same thing.

nitro
 
Quote from Pa(b)st Prime:

When I first started trading at the CBOT in the early 80's suicides were pretty common. I'd guess between 1980-83 a couple of dozen traders (even two women). A few "name" guys too. Chris Heymeyer's brother was Charmain of the Cotton Exchange and shot himself to death. Chicago news anchor Walter Jacobson's brother, Alan was a suicide after being blown out of a 650k losing bond long on the years low. There must have been something about that "era" that made suicide so prevalent because it's been uncommon since. When I came into the Bond pit a guy near me killed himself after losing 20 thou. No pun intended but that was a little bit of over-kill....
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I was friendly with Philip Heymeyer's ex (Sherri Daley) in Westport, CT who wrote a book about her life with him, named after his sailboat . . . High Cotton.
 
Lots of traders make a killing in the same way GS LEH and BS made their money.

They play against a very small likelyhood of ruin and take shots.

Some get to retire before the swan bites them

Others get run over.

Nothing mysterious about it.
 
My thinking is celebrating the dead and mourn the living. After all WTF is such a big deal of a death? Especially a death by choice. Mourn the living and the grieving who are left behind if you must be emotional. In India/orient they mourn the new born as he/she came into this life kicking and screaming. A death is nothing, we should have a champagne and cheer them on. Lets put things in perspective. Then again, I believe in reincarnation too...so there...

Quote from nitro:

I am hearing of people dropping like flies and blowing their accounts. You are not alone and it happens to anyone.

I beg of people in trouble, no amount of money lost is worth your life, even if you see no exit plan out of money trouble.

You may not see alternatives, but give it a year.

:( nitro :(
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Quote from GermanTrader:

None of you dumbasses got it. I'm shocked. Most on ET have more than the average grey matter, but you set in this thread are putrid. The point was to remind you that you know how to make money in any market, up or down, and that you can sit and sulk like a fem wimp or you can be a man and make money. But that thought slipped right by you to bemoan a corpse and support the notion that misery loves company. The dead don't feel your pity. But your minds are made up, so you ahead, sit there and cover your head in ashes, you asses. End of comment.
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Keep the arrogance coming Germantrader.

I have a hard time believing you're anywhere near as successful as you say you are.
 
I read an article somewhere that when the shit hits the fan in the financial world that the wives are not very supportive. they can't adjust to the lower paycheck and either divorce or start to cheat around. sometimes they do it even with the husband's friends. perhaps some woman pushed him over the line.
 
Quote from zdreg:

I read an article somewhere that when the shit hits the fan in the financial world that the wives are not very supportive. they can't adjust to the lower paycheck and either divorce or start to cheat around. sometimes they do it even with the husband's friends. perhaps some woman pushed him over the line.
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Yeah, to some degree that is true if we are to belive the articles that I've read in the papers.

***

I'm sorry for his family's loss. Coming from poverty and having been up and down the ladder of poor to middle class while hobb nobbing with the jet set I really think it's all a bunch of game playing [read: bullshit] anyway.

Too bad he didn't see it that way. :(
 
Quote from GermanTrader:

I'm still winning. Had to design a new system for the new price action, but I'm green. And the tallest building around here is only two stories. :D
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everyone feels angst. we all feel sometimes there but fortune go i.
 
Quote from andrasnm:

My thinking is celebrating the dead and mourn the living. After all WTF is such a big deal of a death? Especially a death by choice. Mourn the living and the grieving who are left behind if you must be emotional. In India/orient they mourn the new born as he/she came into this life kicking and screaming. A death is nothing, we should have a champagne and cheer them on. Lets put things in perspective. Then again, I believe in reincarnation too...so there...
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That's a great sentiment, andrasnm; I couldn't agree more. I sure wish I believed in reincarnation, though. :(
 
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