Quote from Pekelo:[/iNot necesserily:
1. The worker is not interested in trading particulary, but he needs a job and it is better than flipping burgers.
2. He doesn't have the capital.
3. A sure fixed salary is better than a risky trading on your own...
4. It is better to trade (and risk) someone else's capital with fixed rules and no emotion attached...
See???
And what is the benefit to the person providing this 'job'? You are only looking at it from the perspective of the job applicant. The person doing the hiring for a position like this needs a reason to do this in the first place.
And that was my point.
There is NO reason for a wealthy trader to pay some high school dropout 7 bucks an hour and trade their thousands/millions of dollars. Who on Earth would put their trading account into the hand of an incompetent? Any serious, wealthy trader is not going to hire the kid from the local McD's to trade his money and expect the same results as if he was doing the trading.
And back to my other point - if you do hire say a college student or college grad, it's simply a matter of time before they walk out with your strategy and their own trading account.
There's no realistic benefit(s) for the successful trader to do this when a computer program can do it all the same.
Not to mention, through all of this human hiring and firing, you have just created a business entity, tax ramifications, human errors, etc. etc. It's simply not worth it. Hence the reason you do not see ads in the local paper from wealthy traders looking for button pushers to trade their money.
Again, it all sounds good in theory. No real practical use however. If there was a real use for this in real life, you could simply hop on monster.com and apply for the job.
See?!?!?
