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Counterpoint: I've worked in two HFTs, and both have very decent hours and work/life balance.
by logicchains 6y ago
Counterpoint: I've worked in two HFTs, and both have very decent hours and work/life balance.
- diehunde 6y agoWere you paid those insane salaries?
- nnoitra 6y agoHFTs are pretty much, here's a lot of money work all the time and forgo your life outside of office.
- calabin 6y agoYea, I've spent time in a prop shop and the hours were incredibly decent. A lot of people checking in an hour before the open and checking out a bit after the close. In a lot of cases coming in for the open, seeing what's what, then hitting the golf course. Prop shops seem to have a pretty strong understanding of ROI in all things, including time spent, so if your killer strategy just doesn't have a ton to act on today go take an hour lunch and head home or wherever. The place I was at was known as an "arcade" or a bunch of unrelated strategies from various teams that happened to work out, so maybe it's different other places, but I can say for certain that I've done 90 minute lunches off site with senior traders in the middle of the trading day just because the volume in their primary product(s) was mostly just interns throwing 1 lots at one another.
- JAlexoid 6y agoDefine "decent". Is it 80/60/50 hours per week? Because it's clearly not regular 40 hour weeks. Because I can work in a very chill environment and earn 200k-250k + stock. I can also work 60 hour weeks for 300k + bonus. I used to work in London on roughly $180k putting in about 20 hours per week.
- wikibob 6y agoWhere were you working? Or maybe you can say a list of similar places if you don’t want to be specific