Balance swings against the star traders
Star traders…..what a load of rubbish! Luck, luck and luck are all that is needed. For every star their are thousands who are not. Usually when traders jump ship they somehow ‘loose their touch’. Truth is they had before….they didn’t want to be found out. I know a very senior banker, who jumped ship earning many many millions in salary, guaranteed bonuses etc etc and after two years he had delivered nothing in his new role….
As others have already said, what’s the worst that can happen to a trader for messing up? Loose their job, may be a spell in jail if they break the rules. Fact is the banks don’t care so long as their ‘stars’ are making money. Joe Public carries the risk, bankers get fatter, prop trading adds no value……
6 comments
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Lawrence
25/08/2011 at 17:24 (UTC 1) Link to this comment
Really good information, We are checking back again persistently looking for upgrades.
Editor
25/08/2011 at 19:32 (UTC 1) Link to this comment
Thanks for your support!
Sneakergame
29/08/2011 at 00:09 (UTC 1) Link to this comment
greetings, fine blog, and a fairly good understand! one for my bookmarking.
PatrickJNK
23/09/2011 at 18:51 (UTC 1) Link to this comment
what do you think about the increase in the dollar?
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Editor
23/09/2011 at 19:05 (UTC 1) Link to this comment
The USD is seen as haven in uncertain times. Much as Gold and CHF are too. Also people are unwinding positions and taking profits, so it’s people making money too!
Kelvin Balbuena
11/11/2011 at 13:07 (UTC 1) Link to this comment
I really like it when men and women arrive jointly and share opinions, excellent web site, maintain it up.