The biggest losing traders I've ever met and know work for banks. Citigroup has millions come out every year in their trading department. Where do you guys think all this money comes from? Sucks that they are shutting down, less liquidity for me to take.
Most firms "proprietary trading desks" are "guts traders" trying to make some here and there. When volatility is over their heads, they burn firm's $ fast. Not a truely profitable operation unless it is a bullish mkt environment.
when i read this thread i get a big smile on my face. it's interesting how those outside a business have absolutely no clue about what's what, whether if someone is making money or why certain decisions have been made.
I've said it before and I will say it again, bank traders are a bunch of bull market heros trading opm. Most will go and open car washers.
I get an even bigger smile on my face when someone pressumes to know who is on the other side of the computer. Maybe you've heard this saying Batman28: "Better to be thought a fool, than to open one's mouth and remove all doubt."