Part 7/9:
Feast or Famine: The Nature of the Beast
Trading, particularly in volatile markets, presents a unique dynamic where one thrives during chaos. Firms often prosper most when the economy flounders, tightening the pricing of assets and presenting opportunities for skilled traders. It can feel predatory, but that’s the reality of the market: when panic ensues, the prospect for profit does too.
I recall days during market meltdowns when one calamity led to the kind of chaotic trading where skilled traders could turnaround their entire financial year in a matter of hours. Those panic situations often result in bonuses multiplied four or even five-fold, solidifying one’s reasons for choosing trading as a career.