Word: trader
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...count on it. The bigger players know what you're thinking, and they'll drive the price temporarily down so you are forced to sell at a lower price - or risk losing more than you can afford. As the price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must be gained by another. If they can make you take a loss, it ultimately translates...
Other observers argue that there's no way to regulate the markets so that some firms won't have some sort of advantage. "The idea that everyone would get the exact same information at the exact same time is a silly idea," says Nina Mehta, senior editor at Trader's Magazine. "(You) just can't do that...
...gain some real-world insight into these stats, I called the first smart short person I could think of, a friend named Milton Lee. Despite what these studies indicate, smart short people do exist. Milt, a graduate of the University of Pennsylvania, made a killing as a Wall Street trader in the 1990s, but quit finance to chase his dream of becoming a basketball coach. He has trained many NBA players, including this year's top draft pick, Oklahoma's Blake Griffin, and even landed an assistant coaching gig for the Los Angeles Clippers' summer-league team...
Enter fellow Canadian, John McCall MacBain, a self-made billionaire who founded the Auto Trader classified-advertising empire, but in 2006 sold it and set up a foundation to promote health and the environment in the developing world. In April 2008, McCall MacBain bought 90% of BRE's stock. Strickland invested $1 million of his own money, and quit the hedge fund to become BRE's president...
...godfather's neighborhood grocery store. So it isn't surprising that he embarked on a career chopping raw meat, loading food trucks and, eventually, managing a dairy distributor's operations. As he built his personal savings and a base of industry contacts, he noticed the growth of stores like Trader Joe's and Whole Foods in Chicago and its suburbs. "This should be on the South Side," he recalls thinking. But, he says, when he approached industry colleagues with the idea of opening such a store, they reacted by saying, "Who wants to go over there, in that negative element...