“People who do well, they stick around. They invest more money and make the markets more efficient. People who don’t do well generally move on pretty quickly to other opportunities.”
In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Jennifer Wilson, partner at DRW, discusses what it takes to be a successful trader in today’s markets. When Wilson was starting out in the late ‘90s, the floor was a microcosm of pure commerce. Traders were doing what was best for their book which created a steady balance of supply and demand. In today’s electronic markets, things operate differently and Wilson hits three key points. Trading comes down to what you make of it, it’s not easy and it’s always evolving. While the pits are mostly gone, there are two things that will remain the same. Own up if you make a mistake and always honor your trade.