sweet. When are they liquidating these http://www.palmbeachpost.com/news/content/news/photos/kloffice/pages/099.html
probably if the trade does'nt go your way in 21 minutes get the hell out fast. I use 15 min bar for that.
The tea rooms on the third floor on Bahnhoff Strasse are more accommodating. I think it is the quiet rom the persian rugs and wooden parts of the furnishings.
If we needed to boil this thread down to one post, the post I quote above reflects my experience in both an arbitrage fund office and a prop shop.
Kinda looks like images of a sweatshop. Also reminds me of the people who lived and worked downstairs in the movie Metropolis.
I disagree. When I traded Merger Arb, as a first year guy, I had to get out of the habit of looking at the number of deals I was trading as individual long and shorts. I put a post it note on my monitor to remember to only load the differential or spread chart, and NOT to observe the individual stock charts themselves. I remember that day that I did that, for the next four days, I consistently netted over $5K per day. That kind of rake didn't last every day from then on, but my average day quintupled from before the post-. Whatever it takes to get you to do the right thing....do it! GWUDS Elite Rule #1: The presence or lack of post-it notes on one's monitors has absolutely no correlation to one's equity curve.
My brother and I (along with our better traders) find it nearly impossible to trade well without the squawk box....yet, I agree, that to the newer, less initiated traders, it sounds like simple noise...it does take a while to filter out the "auctioneer" sound to get through to the numbers and the names of who is doing what and at what prices. All the best... Don