Maybe looking at yourself as a risk manager might help.
If you let the ego in, then arrogance and a false self confidence could creep in too. Then you take more risk thinking you are invincible and then your bank, or you, blow up....or both.
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
Rescuing a trade gone wrong.
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Always easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
The easiest job in the world is spending other people's moneyspreadbetting wrote: ↑Sun Sep 13, 2020 3:10 pmAlways easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
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It's obvious you don't know much about that world. Pay is linked to performance, if you don't deliver you just get your basic and then you're out on your ear.spreadbetting wrote: ↑Sun Sep 13, 2020 3:10 pmAlways easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
Wtfh, I wouldn't read much into a documentary, if they weren't 'characters' they wouldn't be featured. The vast majority are introverted verging on savant but of course that's not a very interesting when you want to sensationalise something.
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What was it called? I like documentaries, and psychopaths are interesting too (when observed via a tv screen). Shaun's probably right though about sensationalised things, I wonder if I could damaged my brain from watching such things....wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pmI watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
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The financial brain of the London City. - Docu 2013johnsheppard wrote: ↑Mon Sep 14, 2020 12:04 amWhat was it called? I like documentaries, and psychopaths are interesting too (when observed via a tv screen). Shaun's probably right though about sensationalised things, I wonder if I could damaged my brain from watching such things....wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pmI watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
https://www.youtube.com/watch?v=jd-7A9aosw0
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Thank you. It's on my watch list now
(Sorry to interrupt the flow of the thread). I think it's the general consensus that there is no such thing as rescuing a trade gone wrong. Seems logical to me. Unless you have a time machine...in which case you'd need a cape and a logo...
(Sorry to interrupt the flow of the thread). I think it's the general consensus that there is no such thing as rescuing a trade gone wrong. Seems logical to me. Unless you have a time machine...in which case you'd need a cape and a logo...
LOL:johnsheppard wrote: ↑Mon Sep 14, 2020 6:30 amThank you. It's on my watch list now
(Sorry to interrupt the flow of the thread). I think it's the general consensus that there is no such thing as rescuing a trade gone wrong. Seems logical to me. Unless you have a time machine...in which case you'd need a cape and a logo...
"Help me 'R'Man, I opened a lay position on the second favorite and now the favorite is refusing to enter the stall !!"