Market Makers

Discussion in 'Trading' started by traderman, Aug 25, 2002.

  1. smokey_mcPaat

    smokey_mcPaat Guest

    #11     Aug 26, 2002
  2. trader99


    Danny Boy!

    Haven't heard from you in a while. But notice I did NOT say that this time around. :p


    #12     Aug 26, 2002
  3. Yeah sure,people that are probably laid off and also looking for work.As far as being a MM,it's a very stressful job,more than trading for yourself in my opinion.You have to constantly be there providing liquidity in a bunch of stocks.You're lucky to get a piss break.Trading for yourself provides much more freedom and is much less demanding.
    #13     Aug 26, 2002
  4. trader99


    You know what's so funny?

    It's the state of human affairs and thinking. So, it seems like a lot of prop traders think it would be cool to work as MM or in an institutional environment,etc.

    Whereas for me coming from an institutional environment, I thought it would be so AWESEOME to be an independent prop trader and taking most of the profits. And yes, I love the freedom of prop trading, the hours, the bureacracy free nature,etc. But it has its ROUGH spots too - no salary, benefits, uncertainty,etc.

    Everything has its pluses and minuses. Nothing is so clear cut.

    Think before you leap to either side of the fences.

    - 99
    #14     Aug 26, 2002
  5. You know that's very true. I can only imagine how stressful it must be making sure that you provide an "active" market in the stocks/sector you trade. But does it really come to the point, traders don't have time to eat let alone use the bathrooms?? (i guess that's what they have traders' assistants for!)
    #15     Aug 26, 2002
  6. def

    def Sponsor

    no, things are much better these days - we all have buckets under our desks.
    #16     Aug 26, 2002