Comic Trading

Comic Trading is the practice of sending orders to the financial markets to provoke mirth among one’s work colleagues or other market participants. Early pioneers of the field developed the occasional humour of the trading floor into a distinct discipline involving “justification based humour” (JBH) such as technical analysis and “execution based humour” (EBH) such as large market orders in closing auctions.

Modern exponents have expanded the field vastly as comedy trading competes with more traditional investments for the trillions of dollars in the modern capital markets.

One of the most pre-eminent of the new breed is Connor Patrick “Doyler” Doyle, a trader based in Dublin, Ireland. His techniques include automation of humourous criteria whereby the amusing justification for trading is encoded as an algorithm and iterated rapidly by a big fancy computer, sometimes many big fancy computers.

Some notable comic trades in the past that rely on JBH include “Oh, Bernanke is talking…. SELL!!!” and the entire field of technical analysis. EBH is a broad heading that could include events such as “Look guys, I sold the excrement out of this biotech stock yesterday and today they announced they’d cured cancer.”

Doyler currently commits billions of dollars a day to trades that advance the cause of comedy, bringing laughter to market participants around the globe but specialising in trades done for the sake of something to show the lads.

Despite his success and fame, it seems he has a somewhat ambivalent relationship with the niche in which he made his name. In 2008 he told colleagues, “Someday I wanna be a real trader.”

Advertisements

Tags: , , ,

One Response to “Comic Trading”

  1. Mr WordPress Says:

    Hi, this is a comment.
    To delete a comment, just log in, and view the posts’ comments, there you will have the option to edit or delete them.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: