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Technology stocks, favorites of active traders because of their huge moves during a single trading day, became an almost easy path to profit.
Over the past year sterling has become a favourite of currency traders because of Britain's strengthening economy and rising short-term interest rates, according to Adrian Schmidt, a currency strategist at the Royal Bank of Scotland.
The pig-nosed turtle - named for its porcine snout – is especially appealing to pet traders because of its "uniqueness", explains Chng: "They are the only surviving species of the family they are in.
Advantages Futures contracts are a favorite with traders because of their relatively low bid-ask spreads and the high amount of leverage provided by the contract.
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Tax-deferred retirement accounts are ideal for investments like high-yield bonds and real estate investment trusts, as well as those that produce short-term capital gains by active stock traders, because all of these produce income that is taxed at ordinary rates regardless of account type.
Jesse Livermore wasn't a great trader because of the money he made, though he made an astonishing amount of money.
But, the risk appears to be worth it for this trader because of the uncapped upside exposure provided by the long calls as well as the $0.46 net credit pocketed on the transaction.
A Bank of America spokesman says the firm has no plans to fire its proprietary traders because most of the business now involves dealing with customers, as opposed to traders coming up with their own market ideas and then using firm capital to trade".
Transactions of this type are considered to be fairly low risk for financial firms, but that can lead to less oversight of the traders involved because of the misperception that minimal risk equates to less potential for harmful conduct.
"Some U.S.fund managers have accused us of acting like traders because we are selling out of Voicestream after a year," Fok says.
They were willing to tolerate the excesses of traders because they understood that no institution is more likely to channel opportunity to new groups and new people than vigorous financial markets.
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CEO of Professional Science Editing for Scientists @ prosciediting.com