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10 Reasons Being A Trader On The West Coast Is Completely Different

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The center of the financial universe is undoubtedly New York City, but that doesn't mean every trader lives and works there.

A substantial chunk of the financial services industry considers the West Coast the best coast, despite the three hour time difference.

That time difference, however, affects a trader's work life and social life. 

We spoke to a trader who has experience trading in New York, Las Vegas and California to explain how life is different, and in many ways better, for a West Coast trader.  

Many of them don't have to commute to work.

That's because a lot West Coast traders tend to trade from home.

"We're already three hours behind our east coast brethren and we can't give away any more edge in terms of getting in front of our trading screens.  A commute would totally kill that." 

Of course, there are some traders on the West Coast that have to commute as well as those that work at financial services firms there, too. 



West Coast trader's style is more laid back.

"Because we trade from home, most of us trade in our workout clothes and dress very casually.  New York traders tend to have dress clothes." 



They're early birds.

"A number of us have our trading screens near our beds, so that we can check the status of the markets early in the morning anywhere from 4 to 5 a.m. Pacific Time." 

"Not only are we three hours behind New York, but we're eight hours behind London."



See the rest of the story at Business Insider

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