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Tag Archives: trading

How to be a Successful Trader – Jennifer Wilson Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

“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…

Steve Hamilton, CurveGlobal – Demystifying the Current Trading Environment Feature,MWEd,Video,video

Steve Hamilton, COO of CurveGlobal, doesn’t buy the over-the-top headlines about the state of trading. To him, the evolution of the market has been logical, and not as drastic as some would have you believe. The bottom line is that people still make trading decisions based upon risk taking and risk mitigation, and then discover price in order to execute their strategy. The change has been the venue where this occurs — a screen rather than a pit.    In this video from JLN’s MarketsWiki Education event in London, Hamilton runs through the shift from the pits to the screen,…

Bill Looney, CBOE – The Champions’ Mindset Feature,MarketsWiki Education,MWEd,Mwiki,video

“The more you apply your inherent skill set to a job, and the more that job requires your inherent skill set, the greater the formula is for success. And, more importantly, the happier you’ll be.” Bill Looney is a real Renaissance man – institutional sales trader, client services executive, jazz drummer, amateur pilot and professional golfer. He also knows the stuff of which champions are made. He tells the story of Dustin Johnson, winner of the 2016 U.S. Open golf tournament, who found himself at the center of a controversy when his ball “may or may not have” moved just…

Kenny Polcari, O’Neil Securities – Charting a Career Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

“Let me go and check this out. I’m either going to love (an intern job at the NYSE) or I’m going to hate it. If I hate it, OK, chalk it up to experience, but if I love it, it may change the course of my life. And, in fact, it changed the course of my life.” Market strategists love to follow charts. They look for trends, breakouts and key reversals. They pay close attention to entry points and exit strategies. Most importantly, they know they must concentrate not on the last trade, but rather the next one. In this…

Lanre Sarumi, RiskBone – Your Heart vs. Your Talents: Success Mindset for the Financial Industry Feature,MWEd,Mwiki,video

“It turned out that what I was good at became what I was doing.” Lanre Sarumi entered the financial markets for one reason alone – he wanted to be a trader – yet he struggled to find a bank or trading group willing to hire him as one. He eventually took a job as a systems developer at Citadel Investment Group, where he led teams that designed risk solutions for the back and middle office. Though he was great at building risk solutions, his heart was in trading, so every time there was an opportunity to move into a trading…

Drew Shields, Trading Technologies – Next-Generation Product Development Feature,MarketsWiki Education,MWEd,Mwiki,video

“There will always be someone as smart or smarter than you and you have no control over that. The only thing you have control over is whether you have more drive, more passion than others.” As chief technology officer at Trading Technologies, Drew Shields has been instrumental in the implementation of the software vendor’s new top-to-bottom makeover. The new architecture required lots of technical talent, to be sure, but it also required two additional attributes – hunger, and the ability to challenge the status quo. In college Shields majored in theology, and he started in the business world with few…

Christian Domin, GlenStar Properties – Value Investing: Office Space and Associated Risks MarketsWiki Education,Video

“When you’re first starting out, you want to keep your lease as short-term as possible and mitigate the risk. If there is a regulatory change, a change in your small, three-person partnership, or any other change, you’re going to be stuck.” Most financial professionals know that the day-to-day price risks are but a small component of one’s overall business risk. Even trading firms that make their money on price movement must deal with regulatory uncertainty, technological change and other shifting trends. Christian Domin, whose firm GlenStar Properties purchased the iconic Chicago Board of Trade Building in 2012, says real estate…

John Fennell, OCC – Clearing – Providing Confidence to Financial Markets Options,Video

“In the past, settlement – the movement of securities and cash – is what you would associate with clearing. That changed as a result of the financial crisis. When you have banks like Bear Stearns and Lehman Brothers defaulting, confidence becomes the bigger issue.” Historically, clearing has not exactly been part of the “glamorous” side of trading. In fact, it has been looked at as a utility, like electricity and plumbing. But that all changed during the financial crisis. Clearing, you see, is not just about moving contracts through the pipes; it is also about the guaranteed performance of those…