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My Video Reviews

Category: Fun
Published: 2009
Watched: 2010
Reviewed: Oct 2011

Watch the Video

My Review

This was a video that I saw last year (2010) but seems to have popped up on the web around 2009. As a professional trader, I have dealt with the issue of having to explain the simple (at least to me) issue of what I do for a living - as well as whether or not it is an honorable profession. The humor tends to be an inside joke for professional traders only, and probably won't be funny to outsiders.

Script

  • Female: "So, what exactly is it that you do?"
  • Male: "Like I said, I trade German government bond futures, or more specifically, the "Bunt", which is the 10-year bond."
  • Female: "So you invest?"
  • Male: "No. I trade."
  • Female: "Who do you trade for?
  • Male: "I trade for myself. I have no clients."
  • Female: "So, how long do you invest in them for? Surely, if you buy a 10-year bond you don't have much to do for the next 10 years."
  • Male: "No. I trade. I'm in and out of the market on a very short time frame - sometimes only a few seconds. I can sell or buy and I have the opportunity to make or lose money."
  • Female: "So it's gambling?"
  • Male: "No, it's trading."
  • Female: "Sounds like gambling to me."
  • Male: "I don't gamble. I make decisions based on information. You invest, right? So it's just a quicker version of that."
  • Female: "I can't believe you're gambling for a living."
  • Male: "I don't fucking gamble. Look, if you buy a house, is that a gamble or an investment?"
  • Female: "An investment, obviously."
  • Male: "But you could still lose money on it."
  • Female: "No. I'd do research and buy it at the right time and the right place. It's an educated decision."
  • Male: "But still a gamble. Put it this way. Speed up your house-buying - that 25-year investment - into a second or so and that's what I do."
  • Female: "You're a fucking gambler."
  • Male: "I'm a trader."
  • Female: "Don't traders wear suits and work at a bank? You go to work in your shorts. You might as well be playing online poker."
  • Male: "I'm getting sick of you calling me a gambler. I'm a local, not a gambler for fuck's sake."
  • Female: "I don't care. You seem to be some sort of leach. What exactly does the world derive from your existence?"
  • Male: "I'm an integral part of the fucking marketplace. You couldn't understand. I provide liquidity, if you must know. That's what I am - a liquidity provider."
  • Female: "I'll tell you what you are. You're a fucking gambler through and through. I just can't believe you gamble for a living."
  • Male: "I'm a local, OK? A liquidity-providing local. I trade. It's respectable. Don't make me beat it into you."
  • Female: "And what is it that you trade again?"
  • Male: "Size. I trade fucking size."

Publications

Investment Publications

Newspapers

Barron's
Wall Street Journal
Investors Business Daily
Financial Times

Magazines

Futures Magazine
Technical Analysis of Stocks & Commodities
Kiplingers
Money Magazine
Inc Magazine
Entrepreneur Magazine
The Economist
Fortune
Forbes
Fast Company
BusinessWeek
Investment Advisor

Magazines (dead)

Trader Monthly
Business 2.0
Conde Nast Portfolio
SmartMoney

Web Sites

Social Investing Sites
EliteTrader

Videos

"Local Trader" (I Trade Size)
The Story of Stuff: Cap & Trade
NEWBO: The Rise of America's New Black Overclass
The Business of Innovation (CNBC): Season 2

TV

CNBC