Why we need more (good) female traders

I thought this was an interesting read.

http://faculty.haas.berkeley.edu/odean/papers/gender/BoysWillBeBoys.pdf

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Finance is a male-dominated profession, especially at the top. While women in the United States make up 55.4% of the total labor force in finance, they comprise only 16.6% of executive officers, 18% of board directors and 2.9% of CEOs, according to a December 2011 survey by Catalyst Research. As outsiders, women are alternately overlooked and heavily scrutinized when it comes to positions of power in finance. They are sometimes underestimated and held to a lower standard, while at other times they are expected to work harder to prove themselves against their male counterparts or even pitted against their female coworkers.

If you want to rise to the top as a woman in finance but you’re not sure how, seeking out a role model can help illuminate the path. Here are seven women who have achieved great success in this field by being willing to stand out, taking risks and refusing to accept “no” for an answer.

Geraldine Weiss, Investment Advisor
Geraldine Weiss was one of the first women to make a name for herself in finance and to prove that women could be successful investors. She learned about investing by reading books and listening to her parents’ conversations, and also studied business and finance in college.

No investment firm was interested in hiring her as more than a secretary, despite her studies. “It was a man’s world, and women need not apply,” she recalls.

In the face of rejection, she started her own investment newsletter in 1966, at the age of 40. A response to one of her newsletter advertisements read, “I can’t imagine myself ever taking investment advice from a woman. Unless you take your advice from a man.”

Wanting to avoid further gender discrimination, she decided to sign her newsletter “G. Weiss.” It wasn’t until the mid-1970s that she revealed her true identity after achieving a consistently successful track record.

Weiss’s value-based, dividend-oriented stock-picking strategy outperformed the strategies recommended by other newsletters and has achieved above-average returns even in poor markets. She published her newsletter, Investment Quality Trends, for 37 years until she retired in 2003. The newsletter still exists and still follows Weiss’s strategy.

Read more: 7 Outstanding Female Investors 7 Outstanding Female Investors
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Linda Bradford Raschke, Professional Trader
Linda Raschke is president of two financial firms that bear her initials: LBRGroup, Inc., a commodity trading advisor, and LBR Asset Management, a commodity pool operator. She began trading professionally in the early 1980s and worked as a market maker for stock options. For six years, she worked at the Pacific Coast Stock Exchange and then the Philadelphia Stock Exchange before becoming a self-employed day trader. Raschke authored a book on high probability trading strategies and has been widely featured in the media. She has also lectured on trading for a number of prestigious organizations, including the Managed Futures Association and Bloomberg.

Read more: 7 Outstanding Female Investors 7 Outstanding Female Investors
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Ps: I posted about Raschke on this thread at posts 392 and 403, if anyone is interested. I contacted her and she replied, amazingly!

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Very interesting read…I have read either this paper before or something similar… There was a thread where someone had posted about similar stats but also including trading attitudes according to socio-economic factors (as well as gender).

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Open a real acoount and throw your money in - [Edit - This market is not one you can claim “descriniatiion” in we’ll be happy to see how you get on !]

:relaxed:

We need more (good) female traders, Why?

Whom is we?

We, “hedge funds” need more good traders

We, BabyPips need more good traders

We, Deutsche Bank need more good traders

We Claudius need more good traders

The Ever Not Kidding VIPER

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I think it is probably not an issue here, meaning, for individuals trading from.home; however, it can be (and is) an issue for women or BME traders working in an office/group where they are not the majority gender/ethnicity etc.This is true in many fields, not only finance, sadly.

That,Viper, is an excellent question best left open for debate!

This old thread is worth reviving:

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That link does not exist any more, I don’t know whether they have been promised defamation writs or what ?

[Edit sp}

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Weird,.

Here is one that works:

“…Chow was accused of making inappropriate sexual comments to colleagues and Baker allegedly harassed a 26-year-old employee…”

Why are there no male teachers any more ? :neutral_face:

It is matter of fact that the Females have played quite a imminent role for motivating the male personality to do any thing, and thus if we will have good or ever better female traders, it will motivate our male traders to gain through a healthy competition.

A trader is a trader - what matters if it wears a frock or a jock strap ? - the markets is the survival ring ! :slight_smile:

Bangladesh female investors on the rise (not so for female traders):

http://m.theindependentbd.com/post/119797

Former Crédit Agricole bank employee files a lawsuit for sexual discrimination: