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  1. Join Date
    Jul 2007
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    46,660
    #2181
    Quote Originally Posted by Walter View Post
    Real traders do not work for banks ...
    Umm the fact is we have traders and they are paid really well.

    And where are traders supposed to work then?

    Sent from my SM-N960F using Tapatalk
    Last edited by _Cathy_; October 30th, 2020 at 04:38 PM.

  2. Join Date
    Jan 2016
    Posts
    3,021
    #2182
    Methinks that they are not really skilled traders but influential enough to step inside the old boys club.

  3. Join Date
    Nov 2005
    Posts
    34,847
    #2183
    OT

    i think ang "trader" para kay Walter ung may trading account sa broker

    ung nasa bahay lang buying and selling stocks, forex, etc

    ung sinasabi ni Cathy traders who work for financial institutions

    financial institutions have proprietary trading desks (called prop trading in the industry)

    Prop traders use the firm's capital

    Those guys are the equivalent of varsity team coz since they use the bank's money they better be good at what they do

  4. Join Date
    Jul 2007
    Posts
    46,660
    #2184
    Quote Originally Posted by uls View Post
    OT

    i think ang "trader" para kay Walter ung may trading account sa broker

    ung nasa bahay lang buying and selling stocks, forex, etc

    ung sinasabi ni Cathy traders who work for financial institutions

    financial institutions have proprietary trading desks (called prop trading in the industry)

    Prop traders use the firm's capital

    Those guys are the equivalent of varsity team coz since they use the bank's money they better be good at what they do
    Exactly! They are the super stars at the bank nga.

    Tama si uls, I am talking of traders who bet on the bank's money. It's a prestigious but high stress job, not everyone has the character for that.

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  5. Join Date
    Jan 2016
    Posts
    3,021
    #2185
    Their coming from prominent families means connections right? I remember a poster at the defunct financemanila forum whose name sounds like a cigarette who is always sending cryptic posts about stocks that are about to be multi baggers. This guy I came to learn because of FB, is cream of the crop persona.

  6. Join Date
    Nov 2005
    Posts
    34,847
    #2186
    OT na ito

    Cathy is talking about getting hired by foreign banks to be traders

    GS, JPM, BNP Paribas, Santander, etc

    you gotta have serious background

    -

    "trader"

    a guy who opens a retail trading account at an online broker... using his own money... trading at home in his pajamas

    Cathy, i think yan ang pagkaintindi nila sa "trader"
    Last edited by uls; October 30th, 2020 at 07:22 PM.

  7. Join Date
    Oct 2002
    Posts
    10,808
    #2187
    ...at iba din yung binabaril na may blindfold. Nakapajama din yun so don't get confused.

    Es un trader! Fuego!

  8. Join Date
    Mar 2004
    Posts
    8,915
    #2188
    Not talking about retail traders ... yeah, investment bankers used to make a lot of money but that's not how it is now ... real traders work with hedge funds or trade independently where they have skin in the game ... the rejects are the ones left with the bank since they have nowhere else to go ... people who really know how to trade don't work in banks anymore ...

    Then again ... don't take my word for it ... what do I know? ...
    Last edited by Walter; October 30th, 2020 at 09:33 PM.

  9. Join Date
    Mar 2004
    Posts
    8,915
    #2189
    Quote Originally Posted by papi smith View Post
    Methinks that they are not really skilled traders but influential enough to step inside the old boys club.

    Correct ... they just "seem" to be paid well which is a misconception ... she just said they came from "influential" families ... so they have money even if they don't work ...

  10. Join Date
    Nov 2005
    Posts
    34,847
    #2190
    Investment bankers are not traders

    Investment bankers are salesmen who push investment products to high net worth clients

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