SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : DAYTRADING Fundamentals
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Eric P who wrote (18081)1/7/2010 11:53:21 AM
From: Dave O.   of 18137
 
Eric,

I know you're automated and I believe the poster (Craig) also is so my perspective may be irrelevant to automated systems.

I started full time in 1996, trading from home. I did decent my 1st year but wondered what I might gain being around other traders. So from 1997-99 I traded in an office. Lots of pros and cons IMO. Some positives were there were so many more ideas floated around by other traders. Additionally, Jag Notes and a bunch of other print media was in the office. Some cons included the "noise" level, from traders who had a big profit whooping it up to the moaning and ranting of those who had a trade go against them. The noise to me was a bit disruptive as I like to be fairly focused throughout the day.

I did enjoy chatting after the close with other guys about their day, their system, if any, whether TA based, intuitive, fundamental oriented, so as to expand my perspectives.

One funny aspect of trading in an office. Now and then (and recall market makers were more prevalent then than now and Selectnet and SOES were commonplace) a trader would utter a profanity, often directed at a market maker like Goldman who didn't budge after being hit at the ask (or bid if shorting). But "Fu@k you Goldman" was often a statement of choice by traders. One day as I left the office to head down the hall to the restroom an employee of the company whose office was adjacent to ours stopped me and asked "Who's Goldman"? I could only laugh as I realized our sometimes raucous behavior had cause people to wonder what the heck was going on behind our closed doors.

I did leave the office in 1999 to go remote and have been that way since.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News