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Questions concerning risk taking and speculative trading for a Bsc dissertation
It depicts one possibility of how easy it is to get caught up and in over your head on something, that eventually turns into such a monster that there is no way out.
The other answer is quite simply greed. The worlds fuel is greed, so I don't think it is hard to imagine that when someone sees an opportunity to game/cheat/con the system, they take it. It isn't the janitor stealing to go sell stuff on ebay to pay the electric bill or put food on the table.
I remember an old study that showed that most employees that steal from their employer are white collar managers or "higher ups" in the organization. They steal because they feel like they deserve more than what they are being given, so they take it.
You can look at a successful trader and their lavish lifestyle, and it may be hard to imagine they could "want" for anything. Funny how greed works. Greed is not a desire to pay the bills, but a desire to have more than everyone else.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Having been on both sides of the fence, I can give you some feedback but as others have mentioned, there's mostly retail traders here.
1. I assume you're referring to an IB transaction here and I would say both instinct and following regulations come into consideration when making a deal. There is no fine line.
2. An instinctual reaction would simply be a sales process of catering to what your client is looking for. Telling them what they want to hear. Nothing too complicated there.
3. Define success? Success within the company or per their individual goals?
4. Yes, some self-medicate others find ways to overcome emotional hurdles beyond chemical enhancements such as exercise.
5. Yes
6. They were more of an interference. A lot of the regulations are created by those who have never been in the industry and know what the in's and out's are when dealing with clients, etc.
7. Breach is such a strong word... Lol! Never anything that would get me fired or in trouble with the regulatory agencies.
I love your avatar, PB. I first saw Wall Street when I was 6 years old, and I remember I was blown away by that phone. "One day I'll have a small, sexy portable phone like that, too"...
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Thanks! Those phones were awesome! I had to change my avatar because someone else is copying me on this forum, lol! I had to take it up a notch! Lol!!! Wall Street was one of the best movies made with regards to the investment world. It motivated me to go into the Biz right after college and work on the Street.
Those phones were awesome, I remember my grandfather bought a new car at the same time those phones had came out, sales pitch buy a car/get the NEW phone . It rocked sorta like the big boom boxes everyone carried on their shoulders back in the day...geez times flies
Talking about avatars, alot of people put their dogs I tried that, NO go... made me look way meaner than everyone else, guess my dog doesnt have a cute side lol Black/tan doberman
anyways had to chime in on that phone, take care PB