Rescuing a trade gone wrong.

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wearthefoxhat
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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....
spreadbetting
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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....
Always easy to be a maverick when you're trading with other people's money.
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LeTiss
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spreadbetting wrote:
Sun Sep 13, 2020 3:10 pm
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....
Always easy to be a maverick when you're trading with other people's money.
The easiest job in the world is spending other people's money
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ShaunWhite
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spreadbetting wrote:
Sun Sep 13, 2020 3:10 pm
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....
Always easy to be a maverick when you're trading with other people's money.
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.

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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johnsheppard
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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....
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....
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wearthefoxhat
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johnsheppard wrote:
Mon Sep 14, 2020 12:04 am
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....
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....
The financial brain of the London City. - Docu 2013

https://www.youtube.com/watch?v=jd-7A9aosw0
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johnsheppard
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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...
Jukebox
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johnsheppard wrote:
Mon Sep 14, 2020 6:30 am
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...
LOL:
"Help me 'R'Man, I opened a lay position on the second favorite and now the favorite is refusing to enter the stall !!"
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