Quote:
Originally posted by Rudey
So you just purchased currency? I've done that for my own accounts but didn't realize people made a business of it. I just want to be positive you weren't doing FX trading or any interest rate derivatives.
The question is what commodities? Please tell me it's not something boring like beans. Those traders stand around in the pits and are waiting for closing most of the time. Sorry I can't imagine you in any other area of the floor because you generally have to be pretty aggressive and, often times, male. If I'd gone into trading, I probably would have gone with a sexy shop as opposed to a bulge bracket so i wouldn't be doing paper trades for years before they even let me touch the real stuff and probably on eurodollar options. I think I'd do well on the floor but I'm pretty worried about being hot-headed down there and getting a hefty fine.
I think you should ask your broker to approve you for options trading and see what you can do with a couple g's.
-Rudey
--Just don't blow the account
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Yeah Rudey, I was
just purchasing. The business was not made on currency purchases, it was an LBO with worldwide holdings-- I was purchasing for company use, to fund daily operations.
What commodities?--precious metals. (although if i would have pursued commodities, and stayed in kc, i probably would have been doing something as boring as ag related-haha).
and Rudey, what exactly are you getting at, with the beans are boring and you can't see me in any other area of the floor comment? I am highly aggresive, I get whatever I go after, and I am positive that I, just as you, would do very well on a trade floor.
-wendi