how come you say the two cents is worth 1.21. shouldn't it be worth 2.42? your two cents worth of opinion is worth the full two cents
I know you're going to think I'm avoiding the question, but the honest truth is we don't know exactly how he does it. I know he takes home a few million in hedged positions (indicating pairs, of course), but his intraday stuff in pretty active, usually only in a few stocks. And to our Dallas friends...if you guys get enough people in one place at the same time, let me know, PairCo and I might just fly in for an evening or so. Don
Don, I have some Q's for you. When the Dallas office was open, what was roughly the maximum number of traders that were there. and many remotes does Bright currently have that live around DFW ?
Completely WRONG. I am in my 40's and trade Remote. I average over 1k+ per day. I have NO choice. I live on Lake Michigan 160 miles from Chicago. When I lived in Chicago I still didn't commute. The firm I trade thru has mostly young guys in their 20's. Young guys get very Emotional when they trade, excited when UP and depressed when Down, F'k that chit. I want Peace and Quiet when I trade. I like to trade without interruptions, people staring over my shoulder, hearing squawk boxes, etc... I can drive my kids to school and pick them up if need be. NO traffic, no f'n snow, rain, filling gas tanks, parking, trains, etc.. You have to be f'n nuts to want to trade via an office. I've never understood it. I have a Superior trading computer to any shop, 5 Meg cable, DSL backup, battery backup for hours, cell phone, land line, etc... I take frequent breaks during the day to play basketball for 10 minutes, walk on the beach, or get the mail/local newspaper. I forgot, nooky from the wife (just hit it for 5 minutes) during trading hours if I beg. Why the hell would I spend hours a day commuting, dealing with office politics, getting lunch, etc... what a waste of life.
Agree 100%. But ... it all depends on the trader. I think younger guys have more of a desire and need (i.e. lesser experienced and more to learn) to be in an office. I think that as one gets older the desire for a quieter trading "room" becomes more prevalant. I hear you about the young guys getting emotional ... constant cussing and ranting when a trade went against them (when I was at an office). And that was a turn-off for me as losing is part of the process that they needed to learn. And the outbursts were also a bit disruptive at times. But, I later attributed such behavior to a bit of immaturity on the younger guys part. No single optimal trading environment for everyone ... depends on many factors. But I'd never go back to an office.