France 24 lately filmed a documentary dealing amongst rogue traders, featuring the instance of Joe Jett from Kidder Peabody. As component subdivision of the feature, they wanted to larn an within expect at how a trading theater avoids blowups. Only i theater inwards Chicago, Kingstree Trading, opened their doors to the reporters who flew inwards from Paris; that tin endure flora inwards the instant segment of the documentary. You'll endure able to run across a few of the prop traders and, of course, yours really who plant amongst them.
We ordinarily intend of trading coaches every bit people who tin assistance traders amongst their performance. An important, secondary business office that is rarely discussed, however, is the coach's locomote amongst direct chances managers to preclude losses too fifty-fifty blowups. It's the teamwork betwixt autobus too direct chances director that helps traders practice too follow plans for managing working capital missive of the alphabet (and managing risk), too it's the eyes too ears of both autobus too direct chances director that lay problems early to brand certain that plans are followed or appropriately modified.
Trading firms accept a fiduciary responsibleness to investors/partners (and, inwards merely about cases, shareholders). Ensuring that traders are able to fulfill that responsibleness is a major chore of management--and i of the highest priorities inwards my locomote amongst banks, prop firms, too hedge funds.
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