Why Wall Street Traders Are On The Decline

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Why Wall Street Traders Are On The Decline

Рет қаралды 1,634,040

4 жыл бұрын

Buying and selling stocks or bonds used to happen on the phone, in person, or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading desks the size of football-fields. Now, they’re losing money on trading operations and laying off scores of traders.
The number of trading, sales and research jobs at the Top 12 banks in the United States have dropped precipitously in the last nine years. In 2010, those big banks employed about 21,000 people who worked in equities - or stocks - and 27,800 people who worked with fixed income, or bonds, according to research firm Coalition.
By the third quarter of 2019, those banks employed about 16,000 people in each category, a drop of about 5,400 jobs in equities and nearly 11,600 in bonds.
The shift to electronic trading and passive investing are big culprits behind the trend. Now more and more big Wall Street names are finding it harder and harder to make money from trading. The rise of passive investing and algorithmic trading are squeezing profits in the trading business to razor thin margins. So what’s happening to Wall Street’s once prestigious trading profession?
CORRECTION (February 20, 2020): At 2:55, David Weisberger’s former role at the New York Stock Exchange was mischaracterized. He worked on trading automation on the NYSE floor.
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Why Wall Street Traders Are On The Decline

Пікірлер: 1 800

@nathancosta36 4 жыл бұрын

Electronic trading, passive investing, and technology are the culprits behind the decline. Saved you guys 14 minutes.

@nash8556 4 жыл бұрын

Thank you 😉🤭

@cactuself1997 4 жыл бұрын

@@nash8556 thanks i figured that was about the reason anyway

@EverlastGX 4 жыл бұрын

Thank you

@InvestingBookSummaries 4 жыл бұрын

Yup lol

@peppersaltman1805 4 жыл бұрын

Thanks. Time is money

@danielkey1463 Жыл бұрын

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

@raymondbarnes5264 Жыл бұрын

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value.

@mariahhayes5089 Жыл бұрын

@@raymondbarnes5264 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a financial consultant by name 'MARGARET ANN WARNKEN" and everything changed. I started enjoying huge returns from my investment.

@raymondbarnes5264 Жыл бұрын

@@mariahhayes5089 Oh that sounds good but how do i reach out to MARGARET ANN WARNKEN?

@mariahhayes5089 Жыл бұрын

@@raymondbarnes5264 Look up with her name on the webpage.

@raymondbarnes5264 Жыл бұрын

@@mariahhayes5089 Okay i just found her website, it was very impressive and i dropped a message for her.,. i hope she reply's me.

@wilfredpeake9987 4 жыл бұрын

of course this trend starts happening after i graduated with a degree in finance

@bahathintuli1020 4 жыл бұрын

lmao

@Andrea-tk1yb 4 жыл бұрын

I understand how you feel

@Koded. 4 жыл бұрын

Big oof.

@shaneviola8848 4 жыл бұрын

im actually getting a degree in finance currently. But i plan on being a financial advisor and planner. Which does not affect that job much at least since its mostly about managing inheritance or upper income people or pensions

@mantality312 4 жыл бұрын

That’s traditionally a terrible degree for people looking to get into finance careers anyways. Math, Sociology, & History (Ph.D) based degrees are actually more sought after for Finance positions. Math & Sociology for obvious reasons, & History for research skills.

@Xx-po1fu 4 жыл бұрын

Why pay a broker $35 per trade, when you can now do it for free over the internet.

@maythesciencebewithyou 4 жыл бұрын

And where would that be? You always use a broker when you trade over the internet. Only some ETFs are free to trade.

@MrTmenzo 4 жыл бұрын

@@maythesciencebewithyou most brokers like Fidelity etc offer commission free trades.

@ben10pa 4 жыл бұрын

@@MrTmenzo commission free and 0 spread?

@marekkolenda4030 4 жыл бұрын

They driving Uber or lift now

@andriod8014 4 жыл бұрын

Dakota M they are actually “free” they have gimmicks. Why is Facebook free? Ads? Facebook made most of their capital from selling user info same as these internet services that I use. Nothing is free.

@Mayor1248 4 ай бұрын

I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.

@janejane386 4 ай бұрын

You are absolutely right I keep loosing in real trade but win in Demo. Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?

@maureen... 4 ай бұрын

I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

@maureen... 4 ай бұрын

Kate Floretta in stagram

@maureen... 4 ай бұрын

Kate Floretta Face book

@maureen... 4 ай бұрын

Google "katefxfloretta" anywhere take classes and learn to trade.

@AgentSmith911 4 жыл бұрын

Having people running around on the floor, yelling, screaming and waving their hands is incredibly inefficient and silly.

@ItumelengS 4 жыл бұрын

Of course, Agent Smith would say that

@skellymom 4 жыл бұрын

Lol, the mental picture of this. And, it was rendered in my mind cartoonishly...Simpsons style.

@mdavis3262 4 жыл бұрын

Agent Smith exactly

@Greylin 4 жыл бұрын

ebulating Computers weren’t able to handle the process of trading until way after the 60s. It wasn’t possible until 1998.

@redsun5826 4 жыл бұрын

yes! and antiquated.

@nick281972 3 жыл бұрын

Now wall street is getting the wall street treatment. No compassion, no empathy, no loyalty just profits. I'm I'm trying so hard to choke back my tears as I'm typing. It will be the hedge funds next.

@venis0n 3 жыл бұрын

Next, like the last few weeks. I think you called it months ago nick

@ezraleslie1361 3 жыл бұрын

Even venerable fraternities of wealth are being out competed! Where will this all end?

@adriennerobinson1180 2 жыл бұрын

Oh wow

@shaunsensei6948 Жыл бұрын

Lmao y'all are stupid

@alexyoung3126 Жыл бұрын

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

@kimyoung8414 Жыл бұрын

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

@joesphcu8975 Жыл бұрын

I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

@stephaniestella213 Жыл бұрын

hello there, how do i find the lsdy you just mentioned?

@joesphcu8975 Жыл бұрын

I happen to know Helene Claire Johnson. She has been my fin coach since 2018, no major losses has been recorded. Totally recommend her too.

@stephaniestella213 Жыл бұрын

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@PiperMoxy 4 жыл бұрын

They are all driving for Uber now.

@alansmith888 4 жыл бұрын

In a tesla model 3

@JesseLD3 4 жыл бұрын

Show them some respect. They drive for Uber X

@asielmilian38 4 жыл бұрын

Uber is better.

@johnnydeep1599 4 жыл бұрын

Good..they fked millions including me

@SCHMALLZZZ 4 жыл бұрын

@@alansmith888 Lol then they ain't making their money back

@digginz8603 4 жыл бұрын

I once told my lawyer in 2010 that I was interested in finance or law. He told me not to waste my time- the world was awash in analysts and lawyers. Plumbers make more now than stock brokers

@Alex365x 4 жыл бұрын

That feeling when your major is finance

@Johnywang1 4 жыл бұрын

LOL. are you serious? i was literally with a doctor, this month who used options to make 15k every 2 days. and 45k on a solid week. if you can name me a plumber making close to that, ill quit medicene and become a plumber btw we arent even talking about the guys who shot on tesla last month and bagged 1.5mill on 1 option trade. we are only talking safe blu chip options.

@digginz8603 4 жыл бұрын

@@Johnywang1 Empirical research shows that no one can pick individual stocks with any measure of consistent success

@Johnywang1 4 жыл бұрын

@@digginz8603 when u dont read charting, news or want to learn. U think it's all luck . U wont win everytime ofc, but when your good you learn to maximize your profit and minimize your losses . I'm not saying it's easy, but people are doing it

@s0nnyburnett 4 жыл бұрын

Plumbers will never be hungry for work.

@ygui7558 4 жыл бұрын

*Me watching The wolf on wallstreet and other broker movies :* Those were the cavemen days

@lilbean4606 4 жыл бұрын

DS you are crazy straight up tiktok thots are fine as hell

@MJ-uk6lu 2 жыл бұрын

You could likely still pull off a scam like that, if you hacked bank servers and then modified apparent stock prices, without changing their real prices.

@witcherjohn3440 2 жыл бұрын

@@MJ-uk6lu probably get cracked down real quick though

@MJ-uk6lu 2 жыл бұрын

@@witcherjohn3440 Even one minute could be quite disastrous, so maybe, but if you are skilled, you could steal some dosh.

@witcherjohn3440 2 жыл бұрын

@@MJ-uk6lu very true

@bobbymainz1160 Жыл бұрын

@chris-pj7rk Жыл бұрын

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

@johnlennon232 Жыл бұрын

credits to HEATHER ANN CHRISTENSEN, one of the best portfolio manager;s out there. she;s well known, you should look her up

@alansimons141 4 жыл бұрын

Am I supposed to be sad that a middle-man is disappearing?

@alansimons141 4 жыл бұрын

@Teringventje The tone of this video incredibly somber

@drmodestoesq 4 жыл бұрын

@@alansimons141 It would make a great blues song. I Gots the Flat Broke Broker Blues.

@prashanthb6521 4 жыл бұрын

You should be happy that trading is getting democratised. Power & money is getting distributed.

@beback_ 4 жыл бұрын

@@drmodestoesq That's genius. Can I please steal your song title?

@drmodestoesq 4 жыл бұрын

@@beback_ I'd be honoured if you could fill out the lyrics and set it to little black dots.

@leocardenas7306 4 жыл бұрын

I prefer clicking on buttons than picking up a phone and telling someone what I want to buy or sell. Plus trading on computers is faster and more accurate.

@anona1443 4 жыл бұрын

Look at the good thing that has happened, now even a common man can buy and sell without involving any human brokers

@electrichanoi7244 4 жыл бұрын

i traded for the first time a month ago and im only 19, this would have been impossable 20-30 years ago,

@anona1443 4 жыл бұрын

@@electrichanoi7244 MSNBC is crocodile tears for Wall Street traders... 🤣

@user-hy8so6zh9e 4 жыл бұрын

@@electrichanoi7244 bro can you give some tips

@nat0106951 4 жыл бұрын

@@electrichanoi7244 I traded my first when I was 24... 7 years ago...but lost ... planning to get back again

@Habits794 4 жыл бұрын

@@user-hy8so6zh9e Trade with capital(minimal) that you are okay with losing. Because you will lose it all in the initial months. Then read these books. Technical Analysis modules offered by exchanges (the are many available for free) Markets wizards by Jack D Schwager One up on wall street by Peter Lynch. Evolution of a trader by Thomas bulkowski The Disciplined Trader: Developing Winning Attitudes, by Mark Douglas And some other books by the same authors. Use their tips, develop you own system. Trade everyday, always learn from your mistakes and never give up.

@Pambegay 4 жыл бұрын

I have challenged myself to put away 50% of my monthly income into dividend stocks which is quite easy since I live frugal at 32 without debt. I work as an account executive, and make over $2000. $1000 goes into dividends, and the other $1000 covers my my food plus living expenses. I am seeing improvements in my portfolio, dividends look certain, but I have to attribute this to only to guidance of a licensed fund manager who allocates funds to a plethora of assets. I have to stay disciplined, and remember that I’m in it for the long term. Good luck to everyone and thanks for the great video.

@abskoodhiambo2111 4 жыл бұрын

I have seen a lot of investing channels but still can’t wrap my head around it. I need an impartial investment advisor. I know they are there I don’t just know a legit sourced. How can I reach the broker you were assigned?

@Pambegay 4 жыл бұрын

Sharing his details here on the comment section might be a bit cringe but since you really want it, reach him *Alecpayden (a) g ma il. Com...* Came across him at an investment webinar. You can get all the information you need, just leave him a message.

@Baptisizm 4 жыл бұрын

I have come across countless recommendations, never knew he offered such services.

@Lfgyf 4 жыл бұрын

Thanks for pointing this out. I usually skip past those since everyone can tell a spam. I also wrote him. How quickly does he respond? I will be patient though. Also, have you made any significant profit so far?

@Pambegay 4 жыл бұрын

I have made over $25,000 from profits during the pandemic, more so because I was reinvesting every two weeks. His strategies cuts across major financial markets which cuts across major financial markets which I found generates more profit.

@alexsmith8956 4 жыл бұрын

Retail investors get to keep more of their own money. Financial services has always been about skimming off the top

@wakingupfrom 4 жыл бұрын

yeah and then they sell your information and the machines electronically trade against you.

@MrAnonymousRandom 4 жыл бұрын

Retail investors are also part of the problem. There are far too many idiots out there who do not properly analyze the information about an investment before buying.

@KA-rp5uh 4 жыл бұрын

Alex Smith Every company and business is about skimming off the top. It’s called taking a profit.

@KA-rp5uh 4 жыл бұрын

CarEnthusiast You could analyze an investment until you are blue in the face, and the moment you place an entry trade you could be wrong. Wrong no matter how much time, research, and analysis you put in. Professional analysts are notorious for being wrong on the outcomes of stock, debt, and commodities.

@alexsmith8956 4 жыл бұрын

@@KA-rp5uh I mean most companies make money by creating value, rather than Adam Smith's least favorite "rent-seeking" profits.

@baddog5936 4 жыл бұрын

I remember when a hot girl used to hand you your money in a bank too. Now your lucky to find a cashpoint machine in your town.

@prashanthb6521 4 жыл бұрын

LOL,true.

@USNVA-yn6cp 3 жыл бұрын

I used to love the smell of the money she would hand me

@mrpinkpony 4 жыл бұрын

People made a living ripping other people off. Electronic trading and markets were a great and necessary disruption

@acemoore7204 3 жыл бұрын

The stock market is still ripping people off. LOL

@acemoore7204 3 жыл бұрын

@Cel2Savage You are ignorant, if you invest money and lose, you are being ripped off!

@acemoore7204 3 жыл бұрын

@Cel2Savage The stock market is all about pump and dump. LOL

@acemoore7204 3 жыл бұрын

No, you are ignorant, you just haven't been ripped off, Yet!

@acemoore7204 3 жыл бұрын

@Luís Andrade The stock market is full of crooks, and its all about pump and dump. Even the brokers are crooks. LOL I am success at business, but the stock market is like gambling, no work involved, that is why so many people like it. America has become the land of lazy, fat people and it is on the way out, thanks to a worthless government feeding laziness.

@Striker50_ 4 жыл бұрын

⚠️ without watching this: Computers. 👨‍💻

@Moose_VII 4 жыл бұрын

Passive portfolios

@udishomer5852 4 жыл бұрын

And internet

@elaine1034 4 жыл бұрын

+@@udishomer5852 And Israeli technology computer hacking.

@FlightX101 4 жыл бұрын

As a wall street employee: Yes lol theres still a need for traders but the glory days of old school negotiation and selling on the exchange are gone. Money is still good but nothing compared to the 80s and 90s if you had a good pool of clients. Back they paid a heavy premium for your services since you had the most accurate information on the market. Now virtually anyone can do research

@WV-mx3dr 4 жыл бұрын

Computers took over. There I saved you 15 minutes

@NicholasLittlejohn 4 жыл бұрын

7.5

@tracphonevirtualmagazine 4 жыл бұрын

Saved 15 minutes for what?

@WV-mx3dr 4 жыл бұрын

@@tracphonevirtualmagazine Gieco?

@jeanp.5929 3 жыл бұрын

That's why I watch the video before I go into the comments. I came here for the video first then the comments after.

@itseveryday8600 4 жыл бұрын

part of the reason is because all investment banks operated pretending to be an investment advisor, when in reality they just churned the clients account, and made money only for the bank, fleecing the clients. It's was a con.

@cykablyat1466 4 жыл бұрын

It was absolutely a con. I'm grateful for what we have today in the investing community. People were getting conned on their returns by "investment advisors" by putting their money into their own investment products for commissions. Vanguard, Fidelity, Schwab effectively put the client's money back into their hands again.

@keiarash5058 3 жыл бұрын

The modern day trader is a Quantitative Analyst/Developer. In other words, the guy who develops the trading algorithms for the Hedge Funds and Banks. The pay is great and there aren't many of them around.

@colonelbond4056 8 ай бұрын

Yep getting into that

@georgeshoemaker6872 4 жыл бұрын

obviously a job that has to do with trends in numerical data and making fast decisions was going to be replaced by software

@RossCampoli 4 жыл бұрын

High frequency trading and the proliferation of online brokerages (now offering zero commission) has completely reinvented the landscape for both institutional and retail investors.

@inquisitvem6723 4 жыл бұрын

people do it in the confines of their own homes now. day traders from home is the way to go now.

@aRYANz88 4 жыл бұрын

Not to mention algorithm based trading bots. Which is really why the markets high.

@wittyusername9544 4 жыл бұрын

No need to just say “day traders”. Even long holding investors can do it at home.

@thedebatemechannel4746 4 жыл бұрын

You are talking retail. We handle multiple billions a day just in the division I work in. Nobody is trading billions in their basement.

@andrecog 4 жыл бұрын

Debate Me! We?

@thedebatemechannel4746 4 жыл бұрын

@@andrecog yes we

@rentslave 4 жыл бұрын

Now let's get rid of car sales personnel and real estate agents.

@tmass1 4 жыл бұрын

why real estate agents? It doesn't hurt to have a professional help in the biggest single transaction of your life lol

@amywilkins 3 ай бұрын

@@tmass1real estate agents can be replaced by computers doing your paperwork. What can’t be replaced is the inspection people. That’s the most important part. The real estate agent doesn’t do much of importance like an inspector can do.

@TheUrbanEpicure 4 жыл бұрын

1:11 That was pretty much the worst pronunciation of SocGen I ever heard. You had ONE job...

@RealJackHQ 4 жыл бұрын

TheUrbanEpicure ONE JOB!!!!! 😂 Sorry, I get giddy over that.

@thzzzt 4 жыл бұрын

The amazing thing is that these changes didn't happen sooner. Heck, you could trade electronically since at least 1987. Of course there were still commissions to pay, but they declined significantly since.

@KA-rp5uh 4 жыл бұрын

thzzzt Ya, the transformation really started taking place in early to mid 2000s

@RetaliationOG 4 жыл бұрын

r/wallstreetbets will always give better returns than IB and hedge funds now LOL

@MrMineHeads. 4 жыл бұрын

Lmao you see that dude that made 4 mill on tsla calls? Btw wsb is very reckless. Just invest passively thru ETFs.

@jimkillerx 4 жыл бұрын

+Hassan Tahan ETFs?

@CheapSushi 4 жыл бұрын

Vanguard or bust.

@RetaliationOG 4 жыл бұрын

@robert power I look through it once in a while, but it's mostly for amusement. Some hidden gems in that sub, but mostly bs being spouted. That's awesome that you've made those gains dude! Yeah, it sucks to know you could have made more in theory, but the fact that you play it safe and take profits, will more than likely benefit you in the long run. Consistent 5-50% trades will net you a far better future than one stupid 800% trade, followed by a portfolio explosion. Best of luck dude, sounds like you're playing this bull market well!

@RetaliationOG 4 жыл бұрын

@@MrMineHeads. Yuh, that guy is a crackhead haha, but more (buying) power to him! You're right, wsb is extremely reckless, etfs are a solid choice as long as a trader takes into account their risk :)

@Johansen1000 3 жыл бұрын

Because you don't physically have to be at Wall Street to trade on Wall Street, it's not the 1980's anymore with landline phones and fax machines, any Child with a parents credit card or 16 year old with a debit card can use a smartphone can trade stocks now.

@qizihao5110 3 жыл бұрын

I think the pandemic has taught people a big lesson, having one stream of income is not really a good idea cause your job doesn't secure your financial needs. The pandemic has really set out business minded people from the rest that is why I'm so lucky to be among the investors trained and are trading with Ryan Woodward

@katelynkim8578 3 жыл бұрын

95% of forex Trader's fail- why? Because they give up, it takes time and lots of Trading experience to become a profitable trader, An alternative or my advice is seek guidance from some pro trader's to avoid lose of funds and account blown.

@fredianomatteo9598 3 жыл бұрын

Ryan Woodward success is based on his strong signals . i also trade with him

@jamesgreenwood2382 3 жыл бұрын

Currently in this phase of life, forex trading is really making legitimate way for Investment with the aid of an expert broker

@weiminqiang9941 3 жыл бұрын

Coming across him has been productive, I invested $3,000 and crashed out $24,000 in just 2 weeks.

@loweimengyao9259 3 жыл бұрын

i now trade alone after 3 months mentorship from Ryan Woodward

@XXX-eu8lb 4 жыл бұрын

damn this is SO sad (as I log into my M1 and Charles Schwab accounts)

@Hedgingmastermind 4 жыл бұрын

lmao

@MrPrush-ji4gs 4 жыл бұрын

XXX retail traders definitely don’t have to do with the decline

@allenshaquille8745 3 жыл бұрын

The stock investing strategy by Jim oddain is a brilliant, well researched and motivating debunking of “you have to loss to learn” I have noticed for years that there is a different way of trading to be profitable, and the fascinating research and engaging investment plan by Jim's trading view have created not only a solid validation of that principle but also a practical wisdom and techniques for being a profitable trader. This is a super manifesto for becoming wealthy within few months.

@jessicamegan5850 3 жыл бұрын

I need this Allen. You literally explained my experience so far. Trading solely without experience is risky and difficult to maintain.

@keatonmorgan295 3 жыл бұрын

Any chance for me to amend my trading with your help? What are my chances and how does it add positive value?

@allenshaquille8745 3 жыл бұрын

@@keatonmorgan295 I’ll share my experience on investing in stock portfolios or generally on market investing. True, it only takes a well diversified market maker to point out favorable conditions. Not everyone knows this. Jim's financial solutions has piles and piles of infinite cash invested in multiple lucrative assets . He’s not risking he’s capital in “stocks” because his main investment are channeled perfectly on other profiting spreads enabling cash flow on his portfolio. This is how my portfolio is been built for 8 months now.

@tonydhaliwal989 3 жыл бұрын

Allen considering your trading tactics it seems more favorable. I hope it helps

@lukehaswell3075 3 жыл бұрын

I won’t have it any other way trading safely should be my first objective.

@SuperSeltzer 4 жыл бұрын

Bankers have fallen on the hard time with $ 350k annual income.

@milan51259 4 жыл бұрын

Sure they need a donation from me. I can give em 5 dollars a month. Not.

@acemoore7204 3 жыл бұрын

So sad! LOL We need to tax them at 70%!

@andrepoghosyan8269 3 жыл бұрын

@@acemoore7204 you want to tax people making $350k at 70%? Good luck

@sarahakhtar3726 4 жыл бұрын

In-short: apps are making trading easier and cheaper than ever, eliminating the need for stock brokers to scam you by charging a fee to buy shares. Saved you 14 minutes of your time.

@EverlastGX 4 жыл бұрын

Thanks

@ayyubayyyub9415 4 жыл бұрын

But Robin Hood is scam man

@mellowbirddreamer77 4 жыл бұрын

@@ayyubayyyub9415 explain why it is, please. I was interested in it

@fredmicae4537 4 жыл бұрын

So which the best app to go for?

@ayyubayyyub9415 4 жыл бұрын

@@mellowbirddreamer77 I am interested in Robin Hood too, the reason I said is scam is that I am hoping someone will see my comment and will correct me about it just to gain information before I make steps.

@eitkoml 4 жыл бұрын

This video should have been titled "Technology leads to improvements in finance and investing."

@msc2608 3 жыл бұрын

when i was a kid i always thought those guys in finance-related films are so cool, so i end up studying electronic engineering

@siegelmc9061 4 жыл бұрын

95% of traders fail why? Because they give up quick, it takes time and lot's of experience to become a profitable trader, i will advice any new bie or those having difficulty to always seek guidance from pro trader's and more to avoid lose of funds.

@ariadnacebrian4171 4 жыл бұрын

can you give me more info because i keep losing when i invest but i'm still trading to improve my techniques i just need a better source to invest and earn while still trading on my own.

@siegelmc9061 4 жыл бұрын

in all my years of tradings and research the most valuable insight i made was getting in touch with a pro trader Mr George and ever since i started investing with him have been making cool profits like never before.

@siegelmc9061 4 жыл бұрын

A trial will prove, i connected him via mail at ,,,,,>

@ivorychapel5735 4 жыл бұрын

heard many good recommendations about his profitable strategies by some other brokers I think Mr George is a genius for people to talk good about him, i will give a trial and see how it goes then.

@babyboo9252 4 жыл бұрын

ivory chapel damn scammers are replying to each other now

@carstars 4 жыл бұрын

Then why are volumes increasing if the movement is to passive? Something is not adding up.

@funkbassGTR 4 жыл бұрын

"Wolf of Wall street" was replaced by robots

@tjnaptown6362 4 жыл бұрын

Robots of Wall Street

@artvinnd5534 4 жыл бұрын

The time setting of Wulf of wall street was 25-40 years ago 1980-1995 in technological terms ancient

@strnvii 3 жыл бұрын

I just think the golden days are over for traders

@cgasucks 3 жыл бұрын

@@strnvii It was over long ago.

@curtiscarpenter9881 4 жыл бұрын

There is less long term employed but the best perform the greatest over the long term, some on wall street retire at 32. You can even do it on your phone on trading 212. On a app.

@judyl.7811 Жыл бұрын

0:30 making markets in stocks and connecting buyers and sellers using the telephone. 1:15 trading desk layoff. global equity trading. because of the passive algorithm trading. 3:00 a settlement between Nasdaq to collude to fix the price. 4:20 electronic communication networks, personal computers, increased trading pit. 8:45 the market makers. 12:00 banks move into other higher margin areas within their business models. driven by tax and technology advances. 13:25 trading future: have a quantitative background.

@nathanjane7729 Жыл бұрын

Year-over-year inflation stood at 6.5% in December 2022-the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

@stevenjuan259 Жыл бұрын

you’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

@josephlee4001 Жыл бұрын

I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

@stevenjuan259 Жыл бұрын

There are many financial coaches who excel in their profession, but for the time being, I employ "Jackson Sten Marsh," because I adore his methods. You can make research and find out more.

@josephlee4001 Жыл бұрын

Thank you for this amazing tip. I just looked the name up, wrote him and scheduled a call.

@samuelobodoekwe5312 4 жыл бұрын

Whether one trades stocks or any other asset class, the first step in achieving success is to create and follow a trading plan. "failing to plan is planning to fail" is an adage that holds true for any type of trading.

@evelopez7803 4 жыл бұрын

That's so true. The successful trader works within a documented plan that includes risk management rules and specifies the expected return on investment (ROI). that's why I do my trading on Mr Sanjay Otter , because all of these are ensured.

@evelopez7803 4 жыл бұрын

+1 872201 8317. That’s his working line. Contact him and thank me later.

@aaravbanerjee6241 4 жыл бұрын

Adhering to a strategic trading plan can help investors evade some of the most common trading pitfalls; if you don't have a plan, you're selling yourself short in what you can accomplish in the market, that's why I choose Mr Sanjay Otter as a my mentor and also do my trades on his platform.

@TheBloker9 4 жыл бұрын

Eve Lopez 😂😂😧

@EqualsThreeable 4 жыл бұрын

Who knew you’d post a video before a big crash.

@qwer123211 4 жыл бұрын

This is great news for ACTIVE or traders whenever the financial media ESPECIALLY that of CNBC says something is declining...."take it to the bank" and thank you CNBC once again!

@alb12345672 4 жыл бұрын

I Used to work on wall st in the late 90s and helped developed a trading system (very technical, spare you the bloody details). We knew then this would happen. There is no money in trading anymore. Those high paying trader jobs can for the most part be easily replaced by a computer, in the same way Sears is silently dying and no one bats an eyelash. It also leaves more money for the top fat cats :)

@filanfyretracker 4 жыл бұрын

Honestly I think the sole reason the NYSE stays open is to be a backdrop for financial news shows. And to be a tourist attraction. I could see by 2030 the trading floor is just a museum because its pretty much obsolete.

@alb12345672 4 жыл бұрын

@@filanfyretracker Yes, it is more symbolic. Just like they use the word "ticker" but ticker tape is gone with the dinosaurs. Online there is totally free trading, and you can get free access to tools that would cost millions even 20 years ago. It don't pay to have a single guy make trades either, there are curve followers and systems that read headlines automatically and make decisions in microseconds. There is still money to be made with M&A deals, IPOs, etc.

@KA-rp5uh 4 жыл бұрын

alb12345672 Eddie lambert batted an eyelash.

@KA-rp5uh 4 жыл бұрын

If you are referencing the nyse floor I agree. As a company I disagree because they make lots of money in the trading business.

@KA-rp5uh 4 жыл бұрын

alb12345672 I think M&A could be one of the last bastions that won’t be taken over by the algos. Because to make and work deals it requires reasoning, decision making, and agreement. Processes algos can’t process but the human brain can.

@jimmyjohn8008 4 жыл бұрын

Today it's wall street brokers, factory workers and retail workers tomorrow it's truck drivers and taxi drivers. Seems like the only jobs that pay well are ones where you eliminate jobs.

@byHeaLiiAU 4 жыл бұрын

The reason why they are eliminated is because they pay well and businesses look for cheaper ways to operate.

@adriennerobinson1180 2 жыл бұрын

Ugh

@Jibaro-gh7nk 4 жыл бұрын

That was a really informative segment. I wonder what's the solution going to be because passive investing and electronic trading aren't going away anytime soon.

@shanedivix9306 4 жыл бұрын

Title should be "why crooks are on the decline"

@woody3804 3 жыл бұрын

just buy and hold, because stonks only go up. thanks fed

@rjeefamily926 4 жыл бұрын

Why the sad background music lollll, this is literally the economy making the market more efficient. How can these people who are supposed big fans of the free market be upset about it getting rid of their useless jobs.

@jamie49868 4 жыл бұрын

Blue Horseshoe loves your comment.

@danielsjohnson 4 жыл бұрын

Rjee Family more specifically than just "the economy" this is the effect of supply and demand AKA regulated capitalism doing what's expected would happen if you step back and look at the big picture.

@globalguy1919 4 жыл бұрын

OMG. That music!

@icantdance5712 4 жыл бұрын

@ocelot. You sound like a person who has no interest in reinventing themself.

@Praetor_Fenix420 4 жыл бұрын

I thought traders were algos on colocated servers in Mahwah, New Jersey.

@6th_Army 4 жыл бұрын

Could be that no one cares about them as they're obsolete.

@jacklarson6281 4 жыл бұрын

it means the individual needs to learn to trade on their own.

@User5777_ 4 жыл бұрын

So how am I suppose to become one of those rich snobby Wall Street traders then?

@TK-gd9td 4 жыл бұрын

User5777 you go into big pharma and become a rep and find a corrupt doc who over prescribes at the smell of any incentives. I know some reps making 2-3x more in salary/commissions than the doctors actually prescribing the drugs& devices.

@newaveride3396 4 жыл бұрын

T K this will not last much longer either.

@kav2000 4 жыл бұрын

@@TK-gd9td I reported you to the authorities to investigate on this.

@KA-rp5uh 4 жыл бұрын

User5777 Get a computer science, math, or engineering degree from top tier university and learn to make algos.

@KA-rp5uh 4 жыл бұрын

User5777 There are better growing industries than finance. The finance industry is going down the crapper and the glory days of the trader is dead.

@eggs2627 4 жыл бұрын

Thanks. My finance degree is now worthless.

@slnhn 4 жыл бұрын

Your finance degree should not be about trading.

@Pcarnevaaa 4 жыл бұрын

Everything is computers and it sucks

@s0nnyburnett 4 жыл бұрын

Never understood why they were needed anymore or even what the hell they did but at least the video helped me learn a little more about the financial system.

@ebenezer659 4 жыл бұрын

This is fantastic for the average investor! Now we the public get to keep more profits without the investment industry loading their coffers. Thank you Saint Bogle!

@scottyee707 4 жыл бұрын

computers do the trading now.

@emmmoo8631 4 жыл бұрын

yeah and who controls the algorythims duh?

@calamorta 4 жыл бұрын

@@emmmoo8631 Programmers create the algorithms and computers do the rest. You no longer need the charismatic guy with a big mouth that makes you buy stuff that don't give the best return...

@mattcaius1612 4 жыл бұрын

@ocelot. Not for a while, the pilot isn't there for when a flight goes well, they're there for when it doesn't, which is harder for an AI

@Truthseeker1515 4 жыл бұрын

You also need to separate broking and trading. In derivatives, trading involves structuring, you need to define a strategy for a client. These are specialist roles requiring strong mathematical ability. Brokerage, on the other hand, requires no specific skill-set, picking up the phone adds no value. It's a dying breed. Hence the growth of electronic trading directly from exchanges....

@lupusdei0819 4 жыл бұрын

They gonna be replaced anyways with algorithms

@aperture0 3 жыл бұрын

You're wrong. Trading is not going to die anytime soon.

@jinxy7869 3 жыл бұрын

algorithms are just lines of codes that can memorize a patterns and repeat, They can repeat not predict.

@Infinite_Water44 3 жыл бұрын

The world is changing you better change with it. ( Adapt ) the transition is happening now. Learn how the market works. I'm not the best. But I'm learning not for me but for my children. Don't get stuck. This is for EVERYONE!!

@kedarbarve5884 3 жыл бұрын

Be Positive & Life Comes Around ! How's the Situation in USA ? Things are going from Bad to Worse in Mumbai , India . That Double Mutation Strain discovered last Year has wrecked havoc since March 2021 ! The Maharashtra State Govt is thinking of Complete Lockdown .Other States like Uttar Pradesh & Delhi have Sunday lockdown & weekend lockdown respectively since this yesterday. That Double Mutation Strain spreads via Air (not only droplets) & evades /escapes the immune system .Even people who got 2 shots of Vaccine became sick .

@Infinite_Water44 3 жыл бұрын

@@kedarbarve5884 THE U.S is not in it's norm some states are trying to open.. some lifted the mask order people have gotten sick and died from the vaccines no one seems to have a clue on what's really going on same police violence (killings) everyone turning face not convicting the officer's as usual for their crimes. Bottom line the U.S is in a frenzy people are hurting government lost control with lies and corruption. The possibility of war China and Taiwan. Tired of hearing about wars. Just praying for peace friend.

@adriennerobinson1180 2 жыл бұрын

Truth Indeed, And some people don't understand it. It is not cute or funny.

@user-yg2up4lg3r 4 жыл бұрын

A reason why there's a decrease of trading on wall street is because WE the people have stopped giving our retirement savings to these major investment corporations to invest our money and they magically lose it and you are out of luck. Trading stocks on your own is the way of the future. We don't need these large investment corporations lying to us.

@spidersinmykeyboard6367 4 жыл бұрын

This is the future of all sectors of the economy.

@luddity 4 жыл бұрын

Nurses, nannies and caregivers will still be needed.

@elpizarron2789 4 жыл бұрын

That’s why Andrew Yang makes sense

@Tonixxy 4 жыл бұрын

@ocelot. Except if we outlaw it.....

@emmmoo8631 4 жыл бұрын

its the globalist technocractic takeovers fools, you WILL NOT GET A GOOD DEAL, COZ THEY CONTROL THE MARKETS NOW, less people more power for them! fake markets for 'consumer' is what started wall street crash, false hopes, but big banks rallied together and cleared people's accounts out!! now doing same on different platform! stay away from stock markets soemthing big guno happen next 5 years!

@jlee4039 4 жыл бұрын

Honestly, I can't believe that it's taken this long for the trading desk to go the way of travel agencies.

@TheUsername217 3 жыл бұрын

This aged like milk

@andrepoghosyan8269 3 жыл бұрын

How?

@paoloangelino24 4 жыл бұрын

I love how the internet and technology is killing all these redundant careers!

@adriennerobinson1180 2 жыл бұрын

Sad but True SMH

@kermitefrog64 Жыл бұрын

We lost a hospital In Lindsay CA. and now everyone has to go another 20 miles to get to Visalia. Madera Hospital above Fresno just filed for bankruptcy and now people will have to go to Fresno.

@billyandriam 4 жыл бұрын

No matter what you may say but the CNBC's quality of content is on point.

@medreda3457 4 жыл бұрын

7:33 The richest computers ever 🤣🤣🤣🤣🤣

@filanfyretracker 4 жыл бұрын

Automation isnt just coming for hard working jobs, its also coming for stuff like the stock market which is even better suited than some parts of auto assembly to automation. Stocks are just complex math in the long run, And if there is one task that computers are excellent at is doing lots of math.

@adriennerobinson1180 2 жыл бұрын

Ugu

@ThePlaceForThings 4 жыл бұрын

I love this video for a million different reasons. felt like a documentary. really appreciate that it wasn’t talking heads saying things for shock factor. Feel like KZfaq content is the future of network television in the same way that algorithmic trading is the future of trading

@FullTraderAlchemist 3 жыл бұрын

So a “real trader” has to trade hedge fund money and make 150k a year? Even the narrator doesn’t even know what defines a real trader.

@wealthylee9334 3 жыл бұрын

Facts. I make more than anyone on that trading floor.

@stanleyfujiwara1394 4 жыл бұрын

Insightful video. I made my first million trading stocks as a beginner with professional help from my financial assistant sandra. Sandra Gail Gaines. She handles my portfolio

@d.a3474 4 жыл бұрын

I've been looking for a means of making income passively. i hear it's really profitable...How can i reach her?

@stanleyfujiwara1394 4 жыл бұрын

@@d.a3474 Actually i googled her after hearing about her in a conference in LA

@stanleyfujiwara1394 4 жыл бұрын

look her up

@katelynrenesse4798 4 жыл бұрын

when my husband told me about Mrs Sandra Gail Gaines.. He wanted to invest $300k and i did not let him… so he split it and invested half..when results were fantastic i advised him to invest $500k and that was last month..now our portfolio is up to $900k..best decision ever

@katie-st8nx 3 жыл бұрын

Oh no. You mean instead of stealing my gains I get to keep my profits and cut out the middle man? Tragic.

@laftiskuno1357 3 жыл бұрын

Laser focus on these 3: PLUG, FCEL, GEVO

@MONi_LALA 4 жыл бұрын

2008 meltdown made even more people losing trust in Wall St. and everyone involved. I rather trust myself and the internet than those people in Wall St.

@ryanharvey9800 3 жыл бұрын

I love how they never mention that it was 1 dude in his parents house who caused the flash crash

@Hebdomad7 3 жыл бұрын

Please spill details. I'd love to know details

@sasikanthmynampati158 Жыл бұрын

@@Hebdomad7 kzfaq.info/get/bejne/lcB0eLqHr8fSYKc.html

@AntoninaLarisa 4 ай бұрын

Great trade fromSam Deymon trade! I’m getting better at entries and stops. Now I’m working on holding my trades longer.

@MarkDavis-wm9yx 4 ай бұрын

@samdeymon53 💯 ..that's it = 4 advise.

@MarkDavis-wm9yx 4 ай бұрын

He's TE LEG RAM....

@Mark-fg8iw 4 ай бұрын

Thanks for sharing this here. A lot of beginners Like me are smashed out there every day. It's a good thing we have nice people here who want others to become successful as they are.

@Surrey360 3 жыл бұрын

Who is here post Game Stop and made a profit?

@minyaksayur 4 жыл бұрын

this has been going on since 20 years ago, I had friends who they called specialist they lost their jobs 20 years ago when wall street starting to computerize.

@kedarbarve5884 3 жыл бұрын

@adriennerobinson1180 2 жыл бұрын

This is Terrible SMH

@mteevie1609 4 жыл бұрын

People still don't believe AI and automation will make human obsolete. New job training will not help. After robots make and repair robots human will not be needed just ask wal-e.

@Middlegrounddigital 4 жыл бұрын

The answer is UBI

@Biker65 Ай бұрын

Retail investors are the new Wall Street. There's millions of us. We provide the liquidity.

@tylascraig9306 4 жыл бұрын

Best vid in a min. Still looking to become a quant though.

@ilqrd.6608 4 жыл бұрын

It’s ridiculous that this still exists in the digital age

@dancer1 4 жыл бұрын

Ilqr D. That what still exists

@ClickLikeAndSubscribe 4 жыл бұрын

A couple more minutes on the exact mechanics of what a human trader does would be helpful.

@Pineappletaco 3 жыл бұрын

Passive investing over the long-term has always been the safest, most consistently profitable, non-bubble/explotative, and accessible form of trading for at least a century.

@grunger2335 4 жыл бұрын

No need to trade in this market, it's a straight line to retirement!

@drmodestoesq 4 жыл бұрын

I'm a Gen Xer. I'll be working until I'm dead.

@vellam8766 4 жыл бұрын

@@drmodestoesq trade forex

@supa3ek 4 жыл бұрын

The stock market itself is in big trouble. It's no longer based on actual value of a company, it's based on consumer sentiment in a business. This means the value can drop to worthless in an instant. This is why the government is obligated to bail out the markets. The government is scared that if one company crashes it will cause a cascade effect on the whole market. If you were smart you would invest in something of pure value like gold or land.

@Bazzcaman 3 жыл бұрын

This aged well...

@wallstreets7357 3 жыл бұрын

people on Reddit buying AMC and Tesla beat out all the passive in all the active funds on Wall Street

@tom-xs5pm 4 жыл бұрын

Me watching this video while watching stocks on my online brokerage account :

@DavidButler-nm3rt 28 күн бұрын

I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

@ElenaWhite-tw9px 28 күн бұрын

It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.

@davidbetancourt428 4 жыл бұрын

Robots takin my jerb #Yang2020

@mdavis3262 4 жыл бұрын

DAVID BETANCOURT 😂😂😂

@Spartan11117777 4 жыл бұрын

“Day Took R Jerbs!” - Stan Marsh

@Gilotopia 4 жыл бұрын

I'm surprised they lasted this long. Electronic trading made sense ever since the late 90s.

@be4unvme 4 жыл бұрын

its cus the market is only going up, there basically no volatility. when markets go up and down you can make money being patient but when market is only rising, you lose shorting while the market keep going up