Stock Market Jobs Nick Nolan Period: 2 Moeller
Stock Broker Full Service Broker –Execute trades –Offer advice to clients –Ex: Citigroup & Morgan Stanley Discount Broker –Executes trades –Does NOT offer advice –Ex: E*Trade & Charles Schwab
Stock Trader A person that buys and sells stock through the stock market Ex: Jesse Livermore ( ) –Jesse Livermore was a known stock trader that gained and lost millions. He gained most of his money when he was short selling during the 1907 crash and the He had $3 million after 1907 crash and $100 million after 1929 crash. He lost the full $100 million by 1934 for “not following his own advice.” His total net worth today would be worth over $10 BILLION!
Stock Analyst Usually work for financial institutions Make suggestions such as buy, sell, and hold Usually focus a group of about 10 companies or a certain industry Junior and Senior analysts –Junior – collect data for senior analysts –Senior – make predictions about market
Financial Reporter Similar to an average reporter Reports on day-to-day activity Interviews popular traders and company executives Usually a background in journalism or stock trading
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