Word: trader
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Dates: during 1990-1999
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...traders, who have overnight become a reviled cohort, have an entirely different credo. They trade stocks, particularly the newer, unseasoned Dot.coms off of "the action." They buy strength and sell weakness. A day trader can't have any conviction or belief in any company if he has to be out of the stock at the bell...
eLance has its own, radical plan for bringing employers and employees together. After watching how markets dynamically set prices for stocks, bonds and commodities, bond trader Beerud Sheth and portfolio manager Srini Anumolu figured they could transfer the same efficiency to the job market. With a global pool of talent available to bid on every project, a programmer in Moscow could win an assignment from a firm in Iowa...
...report on day trading released Tuesday. According to the regulators, some day-trading firms -- including All-Tech, one of the companies used by Atlanta gunman Mark O. Barton -- have not only been under-disclosing to clients the risks associated with this very risky business, but also have been arranging trader-to-trader loans, thus ensuring the flow of commissions while the trader, often, sinks deeper into debt. Such loans, said Massachusetts regulator William Galvin, are brokered "using the same rhetoric as bunko artists and Ponzi schemes...
...successful day trader has to be able to stay calm while absorbing painful losses. "It's easy to get suckered into this game," says Ari Kiev, a psychiatrist and trading coach who wrote Trading to Win. "You start to lose, and you try to make it back, but you lose more. You lose the rent money and then the college money. That activates feelings of inadequacy, failure and catastrophe. You start blaming everyone but yourself. It's very destructive." Authorities believe something like that occurred with Mark Barton...
...Clients open accounts with minimums of about $50,000 and are allowed to use fully equipped trading posts, which include a telephone; monitors displaying the bid-and-asked-prices of stocks and other data; financial and general news wires; and a direct link to markets where a trader can make dozens or even hundreds of trades in a day. The same tools are generally available at home or in the office via the Internet, though they are less easily managed and access is slower. The day-trading firms make money by taking a commission on each trade. Day traders...