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Please click confirm to resume now. Sponsored Offers. Two years have passed since that morning. A month ago the department requisitioned my small office.
A mean sense of humor, if little else, has filled the vacancy between my superior's ears: He has assigned me to continue our necessary work underground. Several hundred feet underground. I bid the sky farewell and climb down. Amid dim electric bulbs, I imagine myself contracting within shadow, becoming Caravaggian. No matter how early I arrive, the workmen are already here: laying rail track, reinforcing tunnel cement, never raising their wary eyes to mine.
I enter a sawdust swarm and on the other side emerge at the door of what will be the stationmaster's office. Maxim, my assistant, has beaten me here. The worktable is already prepared with nozzles, cylinders of pressurized air, paint, sealed directives, and stacked files of uncorrected photographs. Our Younger Stalins cabinet stands in the corner. It holds photographs of our vozhd taken ten to twenty years ago. When possible, we substitute a Younger Stalin for current ones.
It's essential we convey to the people the youthful vigor of their elder statesman. The longer we do it, the further back in time we must go to find new material. Readers of certain periodicals may worry that he is growing younger with each passing year; by his seventieth birthday he will be a slender-faced adolescent.
The day we met, when the Department of Party Propaganda and Agitation first assigned him as my assistant, was the last day he saluted me.
He sends letters praising the party leadership with the hope that the police will intercept, read, and record his expressions of loyalty. He makes no secret of wanting my post. By lunch we have corrected by airbrush three faces from a Foreign Trade Committee portrait that has been retouched so many times it's more painting than photograph.
Or I should say, I have; Maxim contributes only cigarette smoke and a sour smirk. While concentrating on the face beneath my airbrush, I glance up to find Maxim concentrating on mine. The little brute couldn't erase pencil lead. We lunch alone. Maxim stays in the mercury-vapor brightness of the office, while I wander through the tunnels. I have walked for hours through these tunnels and have found no end to them. Someday trains will carry the grateful citizens of a socialist paradise through this netherworld.
All the work we have done here in their name will then be justified. An Indigenous woman adopted by white parents goes in search of her identity in this unforgettable debut novel about family, race, and history--"a celebration of our universal desire to love… More.
Apple Books Audible. Share Twitter Facebook Tumblr Pinterest. The Leopard Leningrad, I am an artist first, a censor second. To his mother: "Your husband really didn't talk about me? I slid a one-ruble coin across the desk, hammer-and-sickle side up. It's silly. I know.
I grabbed her wrist and pinched the coin between her fingers. You're the artist. This is your job. He nodded. Tell me your name. He put up three. I slid my hand farther into his periphery. Move us somewhere. That's it. There is absolutely no guarantee you can get it back. This includes: using credit cards, taking out mortgages , applying for loans, or selling everything and traveling the world as glamorous as that sounds.
If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline, or remains stagnant in price. While the potential to earn more is increased with the amount of money you invest into a coin, the potential to lose more is also magnified.
What are the chances that this market cap increase will be entirely driven by one coin vs. The best way to safely capture the overall growth of cryptocurrency is to diversify and reap the benefits of growth from multiple coins.
During the same period, Bitcoin has increased by 34x. While you would have gotten impressive gains from Bitcoin, expanding into other coins could have landed you potentially larger ones. No one ever lost money taking a profit. As a coin begins to grow, the greed inside us grows along with it. If you wait too long or try to get out at a higher point, you risk losing profit you already earned or even turning that profit into a loss.
Get into the habit of taking profits and scouting for re-entry if you want to continue reaping potential profits.
There are people in this world who would sell a blind person a pair of glasses if they could make money. Those same people play in the cryptocurrency markets and use every opportunity to exploit less-informed investors. These guys don't make markets - they just take positions. The only exception on the buy-side is that execution traders at hedge funds aren't actually taking the positions themselves.
A PM portfolio manager decides what he wants to be done and the execution trader will call up sales desks at banks who will talk to their trading desks and will execute the PM's orders at the best possible rate. That could mean simply taking the best price they've been quoted or waiting for market conditions to change to get better pricing. The majority of sell-side traders at banks are market-makers who serve client flow but who also take positions.
Naturally there is a wide range of to what extent market-makers will hold positions, and that will very depending on the bank, the desk, and the product s the desk trades. Generally derivatives trading desks will run larger positions as the products are less liquid and it can be literally impossible to perfectly square up your positions or if it is possible you'd be paying away all the spread you've charged the custy in the first place.
Another less obvious factor this may depend on is whether the desk's mandate is to make money or to just provide the service while not losing money.
Bank XYZ isn't great at equities as it's just not their core business but if it doesn't make markets for Fund ABC in equities they might lose its rates business - so Bank XYZ just has an equities business to provide the service to customers who make money for the bank via other desks. You'd expect, then, that Bank XYZ's equities desk doesn't take massive positions, while its rates desk probably does. I hope that wasn't too poorly worded! I have an interview or a Flow Trader position.
It is focused on flow coming in from hedge funds, mutual funds, etc. I don't know the specific desk though. It is first round in person interview. It is not at a bulge bracket firm. Any tips on how to prepare for such positions? They do a lot o futures, basket and spread trading.
They have a big fixed income desk too. I would assume the interview is probably be on the futures of spread trading desk. HyperVolatility said:. Usually, the dealing desk of a brokerage firm makes most of the moeny from trading against their clients.
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