Friday, November 23, 2007

Being a TRADER

Thanx giving continues and so is my holidays.
Seeing that, there is nothing in particular to write about, i felt like writing about my profession.

I am a Derivative trader cum analyst in one of the leading trading propriety firms in the the world, which by the way in India, no one has any kind of idea about.Everyone knows about Google, Satyam, infosys, TCS but no body knows about Goldman sachs, Duestche bank,J P morgan or Futures First.
Trader sounds so weirdo in comparison with software professional or software engineer which almost 75% of the engineers are destined to become after their engineering.Only the name tag differs over there. Let it be Google, oracle, Infosys, microsoft, IBm or anything.
I was recruited for almost similar kind of job at TCS .

CODING.
the name itself sounds to invite millions of problems. C, C++, JAVA, JAVA++(does JAVA++ exists??). Every day a new version or new babykind of its own with more flexibility and with much bigger complexities.
I guess i have made a pretty good decision by opting to this life of being a trader rather than being a software professional.
Trading life is in fact not always a cake walk. Its in fact comparable or analogical with an equilibrist on a tight rope.It sometimes looks as if u r a disgusted moron,dumb ass , frustated with life. Sometimes it also makes you feel top on this world, The hero of this era.
It makes u feel the extremity , roll a coaster journey without u being anything experienced in personal.In fact, your emotions go that strong that you generally don't feel the emotions. I mean to say that even the big problems looks pretty simple ones after the hard days of trading. It makes u to look on your mistakes faster and learn from it. It says , there should always be a "learning" from mistakes. convert your mistakes to opportunities.

Its really great being as a trader. Considering the tags aspect here too, the Google's, yahoo's and Microsoft's of this profession are Goldman Sachs,J P Morgan, Morgan Stanley and quite a few.
A recent news in some paper and articles made me feel proud about being a trader.

1. Deutsche bank, one of the leading investment banks, had a loss of 5600 crores in the last quarter made by 14 traders(only 14...toooooo much) which is almost 5% of indian GDP in one year.
2. If Top four investment firms, Goldman Sachs, Morgan Stanley , Meryill lynch, Duetsche bank close up, The US economy would collapse and would go into immediate recession and will take atleast three months to recover from recession.when the Big daddy turns sick, the whole family too. It will hurt the most of the nations, which has acquisitions with US.Which implies almost every nation would get affected.where as thats not the case with yahoo and google's.It will have impact, but definitely not as big as by these investment firms. The world's money lies here. and this all is controlled by hardly 200 to 250 traders who hedge over billions of dollars everyday. They "make" the money.
so i want the power to be driven from my side. Though i have shown you zoomed up part of this version, i still want something of this similar in the future lying ahead :). probably the greatest Loss maker of Deutsche bank or Goldman Sachs. :)

2 comments:

Unknown said...

they make not simply the money but history. :)
all those invasions, the rise and fall of religions and the export and imports of civilian cultures are all turn on/off with traders. all that one does see going through the history pages is time turning up with traders, for good or bad.

cherio.

Unknown said...

trading ki coding ki comparision ento madhyalo...