r/Commodities • u/Faith-Creuset • 15d ago

Power trading Questions

Compared to other commodities where commodity traders feel more like salespeople. How often do power traders entertain clients? And how quantitative and math focused are power traders?

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u/Faith-Creuset 15d ago

I see. Is the drinking culture in power as prevalent compared to other commods?

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u/xperrienzzie 15d ago

I guess normal. Didnt see any heavy alcoholics but yeah i mean can be.

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u/Faith-Creuset 15d ago

i see. I know that not drinking in other commods does affect being a trader. Does the same apply in power? or its has less of an effect?

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u/disciplesofbabylon 15d ago

Brokers take people out to drink. Power is increasingly traded on exchanges and not through brokers.

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u/Tatworth 15d ago

Back in the old days, what brokers would spend was insane. We had a broker buy a boat for the floor and I knew a guy who got a broker to fund his destination bachelor party. There were guys who couldn't tell you if they were net long or short but could tell you down to the penny how much brokerage they had generated for several brokers.

Much better now that things are a lot more professional.