Futures :: Forex Trading

Day Trading - Tailors - And Private Jets

Looking through a trading magazine I noticed an ad for a tailor.  It made me think of being in Texas the first time at a new day trading shop.  I was sitting and a chair waiting to meet my new day trading instructor.

Behind me I could over hear these two day traders talking about their trading that day so I was listening in.

They talked about a couple trades that worked for them then one said he had to leave soon because he was going to New York for dinner.

Keep in mind we are in Texas…  A long way from New York.

He invites the other guy and tells him that he has already charted the private jet so it’s not a problem if he wants to go.

Then his cell phone rings and I only get one side of the conversation, but it goes like this:

“Hello”

“Yes, I want the limo to pick up my tailor before he picks me up”

“Ok, and find out how much fight time we have, I want the suit finished before we land”

I am thinking wow, I can’t remember the last time I flew to New York for dinner and had a tailor make me a suit to wear on the way.

I wanted to ask him how much that would cost to hire a tailor to fly with you and make a suit on the plane.

He hung up and his friend said something about hiring a private jet.

The answer kind of surprised me, he had figured out how many first class tickets you can buy for the price of a private jet and it was only like 5 or something.

I had never thought about people flying private jets to save money.

Anyway, that was my introduction to the life of a day trader.

I knew that’s where I wanted to be.

Wednesday, November 09, 2005