3 ms·
8hrs? Hardly typical. Common stress reducing tactics are 1) substances 2) sex 3) delusions of grandeur 4) myth of control (over things you can't control, l
by thedudeabides5 6y ago
8hrs? Hardly typical.
Common stress reducing tactics are
1) substances
2) sex
3) delusions of grandeur
4) myth of control (over things you can't control, like short term market movements)
5) interviewing for other jobs / negotiating more comp
None of this is helped by the fact that financial service fees are in secular decline, alpha is harder than ever to come by, and every day the machines take yet another trader's job.
- christopherjgan 6y agoI would like to argue that traders will always be necessary. The bulk of a trader's job is indeed automated. However models only work within their specified boundaries, and there are plenty of cases that require trader intervention. Also what you are seeing more of is that traders generate the ideas and logic that is used to fine tune these algorithmic models.