Does it help to work in NYC?

Saxon 22

You really need to stop trying to promote NYC so hard. Everyone I know who has lived there know it's a dump and highly overrated. I counted 7 posts on one page (5 in a row?) Since NYC is the most populated city in the US give someone else a chance to chime in. Oh wait very few have, I must wonder why? Also how do any of your reponses answer the original question, does it help your "trading for a living" to work in NYC?

 

Come on now, it has its negatives but the positives do outweigh it. After a while, it gets old, you may want a change of scenery. The weather been getting better, global warming took care of that. Girls were wearing dresses only a few weeks ago.

The networking advantages are definitely top notch.

Sh****T, not at night.

Hoboken is cool but pricey, close to Manhattan level.
Areas of Brooklyn & Queens are also lively.

Can't give up my area though. The convenience level is too high.

 

Yep, there is always Africa to save the country from any embarassment

 

That was until they met some New York landlords...

 

Jack,

My comments were made towards young people starting out. They usually don’t have the money available to them to be able to enjoy the large glass panoramic views that you have and build their trading accounts from scratch. In a city such as NY or Chicago, they can get paid while learning on the job from the “masters of the universe”, and later with experience and money in hand they could live whereever they want.

I’m not arguing there are not “better” places to live then NYC, I’m arguing that it’s a great place to start a career if you want to be a trader as there is critical mass of employers, talent and capital in the area. One can argue that London might be overtaking NY in certain metrics, or the Chicago is just as good with better living conditions, but it is rather hard to argue that a young person starting out in Arizona or Florida will have better opportunities in this business then if they were located in one of the large financial centers.

I’m happy that the IB Olympiad 2007 contest is being taken so seriously, whoever wins will have earned it. Good luck to all the students entering!!! The Lotto in NY is sold with the slogan “a dollar and a dream”, the IB contest is even better as students can enter with a “dream” only and save the dollar for their trading accounts.

 

After 12am, you are right. Its a pain in the ass to get back to Hoboken from the city unless you catch the trains perfectly. Otherwise you will have to wait upwards of 45 mins. But...I do find myself taking a cab home from the city sometimes when I just want convenience. Its pricey though, but at 3am, you'll pay just about anything to get home fast

 

Or else you find yourself puking in the middle of the P.A.T.H. train platform and then out of a moving cab.

 

nice comment...

My rough path around the planet:

Poughkeepsie (with inside garage on lower Manhattan, 46 Ford coupe, planed, etc. (7,000 miles per set of tires)) to:

Greenwich (toy time) to

Zurich (travel time) to

Bucks County (heritage time and academia, writing, EOP) to

Arizona (anything goes, reincarnation, the world........)

So I have to say I was in the area, but I had immunity from the convention by then.... I hit independence early on.... there just wasn't anydown side in those days...(think Darvas)...

 

nyc is a terrible place to trade. the weather sucks and the cost of living is high.

if you are going to be a career trader, go live in a state with no income tax like florida, texas or nevada. if you make $100K a year from trading, that will easily save you $10-$15K a year.

 

NYC is the worst place in the US (except maybe gary indiana)