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One Pro’s Reminder: ‘There Needs To Be Someone On The Other Side Of The Trade’
Read more from The Macro Tourist
“I’m an up bettor!”
The year is 1999 and I am not even thirty-years old, sitting on the institutional equity desk at a Canadian bank-owned securities dealer. The voice screaming out over the dull buzz is Tony’s. He is a former TSX floor trader, a little older than me, but still young as well.
This morning the stock market is getting pounded, down size on big volume. Selling is flowing in from every direct line on the trading desk. Our institutional
excellent write and enjoyable read.
I love how the SP500 is 1400. 20 years later we doubled plus 10%.
I think there is a good lesson here ……………….