Re: King Yao\'s thoughts on Poker/Trading skill overlap
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Hahaha, ya stockbroker sure sucks.
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A stockbroker is a salesman position, and a job that is definately less attractive now that more people are eductaing themselves to trading/investing for themselves online.
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Hey I always wondered, if the nyse goes electronic with that archipelago thing, what will the traders do? Wouldn't they no longer be needed?
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When the NYSE goes all electronic, the traders will just "go upstairs". They will not be needed on the trading floor, but they will still serve a useful purpose. Just take a look at the structure of nasdaq trading.
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Another question, if I work out west, wouldn't I have to get up at approx 4 a.m. to see all the news before the premarket opens at 8a.m. in new york?
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Your schedule out west would definately be different than your schedule in New York.
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