<p>Here's a link to the top trader's earnings.</p>
<p>Maybe ppl on this board have better statistics.</p>
<p>Otherwise, Let's all drool! :eek:</p>
<p><a href="http://blogasian.com/boringest/?page_id=53%5B/url%5D">http://blogasian.com/boringest/?page_id=53</a></p>
<p>Thats insane</p>
<p>Now check out the hedge fund owners!</p>
<p>OMG!!!!!!!! Now that is insane.</p>
<p>so what exactly is a trader, how do they make so much money (bonuses?), and what can college teach them that would help them in their field other than getting them an initial job?</p>
<p>The traders that are making crazy money like that are prop traders. You use the firm's money and make bets on how the market will move.</p>
<p>Major in something quant heavy in college if you're interested in trading. Also at UT there's an energy finance track for those who are interested in energy trading (hot field right now, that guy from Centaurus Energy in Houston banked last year)</p>
<p>wasnt really interested in trading, i was just curious as to what they did</p>
<p>What they do? They live off the misery of others. That's the way of it. "It"--non-personal pronoun.</p>
<p>
[quote]
What they do? They live off the misery of others. That's the way of it. "It"--non-personal pronoun.
[/quote]
</p>
<p>They don't live off the misery of others. It's like any competition: there are winners and there are losers. Winning does not make you a bad person... you're implying that they are immoral for doing what they do, which is not true.</p>
<p>Money isn't everything. I belived most Fortune 500 CEO's have salaries south of 10 mil, the mayor of New York City makes less than $200,000, and the salary of President is less than half a million. They choose careers that allow them to build something rather than cashing in the biggest biggest paycheck. If you think about it, the sole purpose of traders is the pursuit of wealth.</p>
<p>what are quants?</p>
<p>quantitative analysis. Mathematical finance. Physics does a lot of it.</p>
<p>
[quote]
Money isn't everything. I belived most Fortune 500 CEO's have salaries south of 10 mil, the mayor of New York City makes less than $200,000, and the salary of President is less than half a million. They choose careers that allow them to build something rather than cashing in the biggest biggest paycheck. If you think about it, the sole purpose of traders is the pursuit of wealth.
[/quote]
</p>
<p>With the wealth you amass you can do good things and give back to the less fortunate.</p>
<p>The Mayor of NYC makes less than $200k because he's already rich on his own, and doesn't need to be paid $500k.</p>
<p>Ah, giving to the less fortunate would be nice, however, I'm more concerned about what kind of people succeed at making it to the top as a trader.</p>
<p>Does it take superb mathematical skills?</p>
<p>or analytical skills?</p>
<p>The number two guy had a PhD in math?</p>
<p>Anyone know the answer?</p>
<p>It takes both. While it's nice to see the top of the gamers play, realize that the reason they're so rich is because everyone else is so bad at trading. You don't get bonuses of your entire yearly paycheck unless a firm wants you to STAY. </p>
<p>However the question of skill to be at the top of the game like these individuals is like a question asked by one of posters here. Do you ask a high schooler who's never played basketball if he's going to be drafted into the NBA? </p>
<p>It's a hell lot harder than most imagine. </p>
<p>-</p>
<p>Back to the article, it's more amazing to note the younger players. I believe the youngest on that list was 30. That is absolute crazy. Thirty?!!</p>
<p>lol, notice how there's like one woman in that list.. very sad..</p>
<p>
[quote]
Back to the article, it's more amazing to note the younger players. I believe the youngest on that list was 30. That is absolute crazy. Thirty?!!
[/quote]
Definitely. When I saw that the list had the age of the traders, I automatically started looking for the youngest guys on the list. To be on the list at a very young age is the most impressive to me. Because when they reach the age of the top traders, they will most likely surpass them.</p>
<p>Faithful101, you know what's more perculiar is that females are better traders than males; in this list there was only one. However, there isn't much doubt that this will be a complete different list in ten years. (Ignoring the obvious besides name changes). I'd be surprised if females weren't a quarter of the list; if not more. However, interesting to note is her age. She's as young as the males! </p>
<p>Seeing as she's had to overcome the male prejudice in the field, rise that fast at her age, well ... to sum it up. If she was a stock, I'd place all bets on her :)</p>
<ul>
<li>Polo, yeah. While I do hold a stock portfolio, I have absolute bar no interest in this field. What I am interested is the story behind all these individuals and how they got to where they are so quickly. More importantly, what will they be doing in years to come? Will they honestly continue with this field for 20+ years?</li>
</ul>
<p>females are better traders than males? I dunno about that.</p>