City Traders - Daily Duties

[silver.fox.2008]

I know we've had lots of financial threads, so I thought I'd start another one

After hearing about the problems in the city and watching countless news snippets of traders i was just curious what an average traders day consist of.

You see them all the time on the phones, looking depressed on the bad days, cheering on the better days.

But what do they actually do? Watch the screens for potential rises and phone there clients to buy or vice versa?

I know there's a few traders on here Vesuvious et all. Can you shed some light on your shenanigans during the typical day?

[mitzy]

7 am Line of Charlie

[carter711]

For me it was lots of looking at charts, listening for news, watching porn and sleeping at my desk, usually home by 4pm.

Edited by carter711 on Thursday 9th October 15:27

[Marf]

mitzy said:

7 am Line of Charlie

7:10am cup of black coffee with sugar
7:15am dropping the kids off at the pool

[silver.fox.2008]

Marf said:

mitzy said:

7 am Line of Charlie

7:10am cup of black coffee with sugar
7:15am dropping the kids off at the pool

7:20am feel up the secretary?

[mitzy]

Marf said:

mitzy said:

7 am Line of Charlie

7:10am cup of black coffee with sugar
7:15am dropping the kids off at the pool

7.20am Nip back into bed with the Au Pair.

[5pen]

mitzy said:

Marf said:

mitzy said:

7 am Line of Charlie

7:10am cup of black coffee with sugar
7:15am dropping the kids off at the pool

7.20am Nip back into bed with the Au Pair.

Only 5mins for a dump?

[Asterix]

5pen said:

mitzy said:

Marf said:

mitzy said:

7 am Line of Charlie

7:10am cup of black coffee with sugar
7:15am dropping the kids off at the pool

7.20am Nip back into bed with the Au Pair.

Only 5mins for a dump?

Well, they do spend the rest of the day stting on the rest of us.

[Broken Hero]

silver.fox.2008 said:

I know there's a few traders on here Vesuvious et all. Can you shed some light on your shenanigans during the typical day?

Trader? I thought he was a lawyer?

[Vesuvius 996]

Broken Hero said:

silver.fox.2008 said:

I know there's a few traders on here Vesuvious et all. Can you shed some light on your shenanigans during the typical day?

Trader? I thought he was a lawyer?

Bit of both these days.

[mitzy]

Broken Hero said:

silver.fox.2008 said:

I know there's a few traders on here Vesuvious et all. Can you shed some light on your shenanigans during the typical day?

Trader? I thought he was a lawyer?

wide boy

[Vesuvius 996]

mitzy said:

Broken Hero said:

silver.fox.2008 said:

I know there's a few traders on here Vesuvious et all. Can you shed some light on your shenanigans during the typical day?

Trader? I thought he was a lawyer?

wide boy

Have we met?

[mitzy]

Broken Hero said:

no bi sexual

[Naked Man]

5pen said:

mitzy said:

Marf said:

mitzy said:

7 am Line of Charlie

7:10am cup of black coffee with sugar
7:15am dropping the kids off at the pool

7.20am Nip back into bed with the Au Pair.

Only 5mins for a dump?

After a line of bugal, a crap only takes 30 seconds

[falcemob]

mitzy said:

Marf said:

mitzy said:

7 am Line of Charlie

7:10am cup of black coffee with sugar
7:15am dropping the kids off at the pool

7.20am Nip back into bed with the Au Pair.

7.22am cigarette

[Marf]

Naked Man said:

5pen said:

mitzy said:

Marf said:

mitzy said:

7 am Line of Charlie

7:10am cup of black coffee with sugar
7:15am dropping the kids off at the pool

7.20am Nip back into bed with the Au Pair.

Only 5mins for a dump?

After a line of bugal, a crap only takes 30 seconds

Not to mention when combined with caffiene, its like twincharging your bowels

[ukwill]

Broken Hero said:

silver.fox.2008 said:

I know there's a few traders on here Vesuvious et all. Can you shed some light on your shenanigans during the typical day?

Trader? I thought he was a lawyer?

I think he's also a Doctor.


As for what Traders do, it largely depends what they trade/whether they're a local or not etc.

A vast amount are just execution brokers who are told what to buy/sell and at what price by the system in front of their face (give or take a few percent depending on their Quant Funds risk corridor for example), which is fed financial information and churns out trades based on the companies strategy that the trader works for.

Now, if you're a "local" you trade your own money and for that, I have to say good luck! You need big cohonas, and in times like this, prayers answered.

Back in the old days of open outcry there used to be many small time locals on the floor of the LIFFE market (for example) who would do nothing much apart from jump on the back of the institutional orders, with small 1-10 lot trades, in the hope that the institutions had already done their homework. When open-outcry died out, so to do a vast number of these traders (no more free lunch - trading went screen based).

imho, it's the analysts who do the main work, and it's the analysts the financial institutions rely on to determine their internal strategies.

[Neil_H]

Inbetween the class a's, the loud self-important talking, the panic when they realise their pnl is fked and they don't know why and the one word responses to middle and back office emails, it's a lot like this:

[ukwill]

Neil_H said:

Inbetween the class a's, the loud self-important talking, the panic when they realise their pnl is fked and they don't know why and the one word responses to middle and back office emails, it's a lot like this:

That is Sheer Quality.

[egbert]

Up at 5 to 7, log on to trading machine, spunk 10 grand, sulk and look at forums all day.