Is trading a young person’s game?
In this clip from the SynMax Intelligence Podcast, John Arnold reflects on entering the gas market during its early, unstructured days.
With deregulation just behind them, traders were building the playbook as they went. Experience mattered less because no one had much of it.
However, today’s market is more mature, and information is readily available everywhere.
What kind of edge do you think a new trader has in today’s energy markets?
??Watch the full episode now on Spotify and YouTube.
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It has historically been a young man's game. It is maturing, right? And a lot of the traders, uh, you know, who started in the same era that you did are getting a lot older. Um, we haven't seen as much young blood coming in and replacing that. Does that change it at all? Is that necessary? Um, is there something about being a 20-year-old that makes you more able to take risk or an' im- an- an implicit advantage over the 55-year-olds? Uh, I guess let me. answer this two ways. One was, you know, when we came into the industry, I- I think the last of the deregulation that happened in gas happened in '89, if I'm right. And so, you know, the industry was really nascent at the time when we both got into it. The markets were figuring it out, you know, th- I think a l- all the market participants were figuring it out. So we coming in as, you know, kind of new people to the industry... Bill had been trading on the floor, but I was, you know, kind of brand new to the industry. We weren't that far behind. You know, going to today, I think psychologically, I think oftentimes trading is a younger person's game, you know? It was for me.
