Tham khảo tài liệu 'how i trade options_8', tài chính - ngân hàng, tài chính doanh nghiệp phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | building a team the day-trading firm 161 these alternative electronic exchanges. Without a brick-and-mortar presence and related overhead ECNs and other electronic competitors can operate at slim margins. These electronic competitors will challenge traders to become increasingly technologically savvy and at-home on the computer pointing and clicking rather than waving and shouting. But certain traits will still remain essential on and off the floor especially discipline. That s one of the reasons I like athletes because most had to have discipline to survive. And I like to hire traders who have played a team sport whether it s football basketball or hockey. Because on a team you have to nrtake sacrifices and act in concert with others. You have to give up the personal flourish sometimes for the sake of the team victory. In a trading room that s vital. You can t have one player taking on too much risk in the pursuit of personal glory. If you re backing a trader meaning you re putting up the capital they trade in return for a share of the profits they make you must have confidence in your trader s ability to execute trades according to a plan especially your plan . You have to know that your traders will do what they say they ll do that they ll trade within specified parameters of risk and position size. They have to be selfstarters always looking for opportunities in the market. They have to want to read or surf the Web looking for information on a particular company industry or sector of the market. Information is disseminated immediately thanks to the Internet narrowing the time advantage. If you can learn something a few seconds before the rest of the crowd you may have an edge. In the old days some of the traditional brokerage firms touted an edge of having the best information analysis and so forth on the stocks that they traded. They knew about earnings special dividends conference calls and special events. Today even the whisper numbers on a company s .
