I understand the sentiment but you may still have to start early and finish late. It’s a trading floor—been there, done that and don’t miss it.
Automation is a great risk for whatever is left of trading jobs. Maybe if you deal illiquid securities, such as junk bonds or obscure derivatives, you still have a chance.
Goldman Sachs is leading the trend—that bank always survives:
Goldman Sachs automated 99% of their equity trading jobs over the last 16 years but there is still 34% staffing with mostly computer engineers
Deutsche is out:
The German lender’s sweeping turnaround plan, including an exit from the equities sales and trading business, will slash Deutsche Bank’s workforce by about 18,000 employees globally. Workers from Sydney to London to New York received the details of their exit packages Monday – and were left pondering their next move.
Matching buyers and sellers is a job of freetrade’s software and the likes, not humans. It’s 2019:
Machines will take care of the mundane
If you’re a trader or a long-term investor, wouldn’t you rather have a working day like this self-made billionaire who is still making money buying and selling equities: