'Star' Traders Who Leave Banks To Strike Out On Their Own Are Realizing They Sti

Discussion in 'Wall St. News' started by OnClose, May 28, 2012.

  1. This should reinforce to everybody that trading is still a meritocratic activity. So meritocratic that some need insider trading, front running and other gimmicks to win.

    ==> Newbie, star trader, retail trader, pro trader : the market doesn't care who you are or who THEY are.
    So just keeping working on yourself and keep going.

    Trading is the best game ou there, the last wild wild west frontier.
    :cool:
     
    #21     May 30, 2012
  2. Bison42

    Bison42

    These guys never learn. They take all of the back office, clearing, compliance, stock loan, etc. for granted. They think they can steal a few accounts and get them to go with them. They hang out a shingle and open a fund only to find that the info has dried up and the have to do everything on their own. That's when the Ego check comes in----they're not as good as they think.
     
    #22     May 31, 2012