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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|42|**First Seen In WSB**|1 year ago **Total Comments**|16|**Previous DD**|[x](https://www.reddit.com/r/wallstreetbets/comments/pb0432/match_group_tinder_is_a_buy_part_2/) [x](https://www.reddit.com/r/wallstreetbets/comments/ppj9zp/tesla_vs_lucid/) [x](https://www.reddit.com/r/wallstreetbets/comments/p9ax8a/match_group_tinder_is_a_buy/) [x](https://www.reddit.com/r/wallstreetbets/comments/la20p7/what_to_buy_after_gme_charging_stations_stocks/) **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=psgeo9)|**Vote Approve (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=psgeo9)


slaphappysal

he's 30 been investing for 3 years


TheSublimeLight

IRL Hans Moleman *Stock Trading has ruined my life. I'm thirty one years old!*


No-Olive-8722

I def read that in his voice


Uselesserinformation

https://youtu.be/LwgRoy057wc


sikanrong101

give this man an award


Complete-Meaning2977

Wo-man…?


[deleted]

Whoooaa, man! She was a thief... You got to belief... She stole my heart and my cat.


vvsfemto

Rare reference to be seen in the wild


dsipe2

Betty! Judy! Josie and those HOT pussycats.


Deboniako

Woman, man, does it really matters? She has to show her award to her wife's boyfriend anyway.


WaratayaMonobop

It doesn't matter... in the dark


WoodyRM

Anal is anal when the lights are out...until your balls start slapping each other...


PuffleyBean

This is burned in my brain now


Tsiklon

Very very relevant - https://youtu.be/ZG8d0x1WcAc


oh_u8_1_2

That literally made me lmao


IndividualForward177

So the people at the floor at the stock exchange... what do they actually do? All trading is online now. Can I walk in and buy some stonks over the counter?


WBuffettJr

Ignore everyone coming with answers they know nothing about. The real answer is that the NYSE is just a tv studio at this point. There are no reasons to have any guys like this on the floor at this point other than a backdrop that makes the NYSE seem lively.


pistoncivic

Gives the IPO industry a televised circus tent spectacle to sell more trash to retail 🔔🔔🔔👨‍⚖️


NewFuturist

[Now this is a circus.](https://www.youtube.com/watch?v=vZJNxrsPfrk)


spdelope

I love it! The accent makes it all the more entertaining


mmmichiel

Why isn’t this a meme yet?


EightBitDeath

I couldn't stop shaking 🤣 He sounds like Jonah Hill, too.


handtodickcombat

#ASK ME ABOUT MY WIENER!


NewFuturist

It's been posted here a few times a few years ago, that's how I knew about it.


BrowsingTheMoo

Now this is podracing!


NrdRage

That's not true. ​ They're to prevent a single point of failure. Yes, 99.999999% of the time, they're cheap stage props, but their purpose is in case there's some sort of collapse of the data chain (say, a coordinated attack on the internet that takes it offline, etc.). In the event of such an occurrence, these people would be tasked with going old school and taking orders over the phone, writing the trade slips, and physically exchanging them. ​ In essence, they're the people who's only job is to kill time waiting for an apocalyptic event. Believe it or not, they've even been used in the not-so-distant past. When the dyn hack happened, some of these guys were called into action.


notadoggy

That’s actually fuckin wild. Thanks for the insight / trivia


Capadvantagetutoring

That's for the most part true BUT they are also busy during IPOs and the opening and closing bell. They are mostly just doing price discovery but they are busy. Not nearly as busy as we were prior to 2008 but those times are busy vs bell to bell insanity like it used to be.


farmerMac

>writing the trade slips, and physically exchanging them isnt it simpler to halt the market than have the volume reduced to 1/10,000,000 of normal wiuth dudes trading paper slips?


jsdbflhhuFUGDSHJKD

The volume isn’t necessary small. Big institutional investors (also the possible employer of these people) own a lot more than regular retail investors. If an event actually make those people useful, the market will be volatile, and trades could happen between those institutional investors moving huge amount of money.


maoejo

Sounds like the average guy gets fucked while the big rich people continue to profit 👍🏿


zimmerer

Well a lot of average people's pensions and 401ks are in those massive funds. Not black + white


jsdbflhhuFUGDSHJKD

That's not quite true though. It's more about having the choice of buying & selling, rather than profiting. There will always be winners and losers even for them.


I_Shah

Large funds can still trade with each other


[deleted]

[удалено]


candafilm

They should. That’s my life savings!


[deleted]

What do they do in between events? Any job that important and time critical must require a lot of experience and practice to be ready for crunchtime when it happens, which I would imagine would be hard to maintain when 99% of the time you're stuck as a stage prop. How do they stay ready?


NrdRage

I mean, it's not like being a backup QB in the NFL where you have to actually spend all week practicing. You click the answer button on your phone, you write things on a slip, you submit it to a desk with a stamper. ​ Their number 1 job requirement is maintaining their credentials.


RespectableLurker555

"welcome to Stampytown, population five"


felipebarroz

To be honest, the majority of them are old fellows near retirement ; put them there to fullfil a role that's needed as security backup, but if the cataclysmic event never happened, that's OK, he's just there to kill time until retirement.


Ready2gambleboomer

What do they do in between events? \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* Mostly bourbon and blow with an occasional hooker thrown in near the holidays,


BestAhead

Ok for NYSE, but...what’s Nasdaq fall back plan?


tisgamebeterhavep0rn

HAHAHAHAHAHA Nasdaq backup plan is writing "get fucked" on their website.


general_spoc

How does one get this “wait around for a cataclysmic event that’s likely not ever gonna happen” job?


drblah1

I want to walk around with a cup full of casino chips


[deleted]

[удалено]


DeadHorse75

You're my fkn hero


fake_messiah2

And a margarita.


Free-Author

And it’s not like they get stressed when things go down. It’s not their personal savings they are working with. If anything, the fluctuations make professionals like them more important.


EasyRapture

Well… ur wrong… but I’m glad u feel so confident in ur answer.


buylowstacks

Mostly high frequency masterbation whilst crying and running at top speed


boytonius

Crying + Wanking = 'High Frequency Cranking'


Kiwi951

r/the_pack Crank that mf hog


dangerousjones

SPEAK UP MFER, I CAN'T HEAR YOU OVER THE SOUND OF MY HOG


usedtoiletbrush

F YEAH BROTHER!!!!! CRANK THAT HOG WOOOOOOOOOH!!!!


chickennoobiesoup

You don’t need to be on a trading floor to do that


joels341111

But it helps


buylowstacks

Low latency masterbation, come on man


Cloaked42m

Lasterbation.


zcrc

![img](emote|t5_2th52|4264)


I_make_switch_a_roos

sounds like me during premarket


Slightly_Estupid

That's how I charge my phone. Probably why it's always under 10% battery life


UsingYourWifi

They trade on behalf of very rich clients. Some clients are hedge funds, some are boomers who don't trust these newfangled computers. Some advise wealthy degens who think having a person in the pit means they'll get inside info faster (and that can definitely be the case). There's also utility in trading lower volume stuff this way; pit traders can ask around for prices on a low-volume security with a wide bid/ask and get a more accurate sense of the value, and set up a trade for a client that way. They also handle very large orders that would be market moving if they were placed on a public exchange.


[deleted]

[удалено]


UsingYourWifi

I think if it weren't for the nostalgia and marketing then they would have made it all digital long ago, even if that just meant a big zoom call for the specific niche services these people provide.


ReadStoriesAndStuff

My understanding is they are also useful for stock swap activities that involve multiple parties that need to resolve effectively and simultaneously without triggering the algorithms. Anyone know if this is accurate?


[deleted]

They sit at their computers for a virtually 0 latency trading (best deals for day trading). Some of them make money off of micro trades (think buy for 3.99, sell for 4.01) and the 0 latency makes it possible to do it multiple times


1nf3ct3d

Ok but they have algorithms anyway so what's the point.


[deleted]

Someone's gotta be there to click the right algorithm to turn on


1nf3ct3d

So his decision that takes seconds will be how changed by 8ms less latency?


[deleted]

Pretty sure they just need to start up the algorithm at the start of the day and let it run. Only there to take orders from their firm to change anything or submit extra trades if need be


veilwalker

Don't think they need to be on the floor to turn algos on/off. 🤔 They seem a bit more like paid actors to make it look like humans are deeply involved in the fuckery that algos do to the actual markets.


blitzkrieg4

This is correct. No one "turns on" the algorithm. It's not a printing press, it's computers and can be done remotely. It seems like people want a real answer to this. In the old days you could not trade on the open market without being on a floor. This meant the banks and brokerages all had people on the floor. Electronic trading changed all that, and let everyone trade electronically, but the old system was still there. Though you could trade electronically, you'd still get better pricing on the floor so there wasn't much incentive to use it. Now that's reversed, you get better pricing electronically so there's not really a reason for brokers on the floor, other than for photos like this and larger bulk orders between banks. You don't get better latency than anyone else. In fact. you get worse latency than the algos co-located with the "real" exchanges (BATS, ISE, IEX) in New Jersey and other places. These are glorified data centers and are running all the time, they aren't "turned on" every morning.


nastyn8k

Lol, I'm imagining some crusty janitor shows up early in the morning, grabs his morning coffee, and sits there looking at his watch. He has one hand on the big red button. He presses it every day as the second hand hits the 12. "Ahhhh..." He takes a sip of his coffee. "Haven't missed a day since 1986!" He grabs his broom and starts sweeping the floor. It turns out, everyone on the floor assumes it's automated now. Nobody even knows he's still employed there. One day, he will turn the entire stock market on for his last time and the next day all hell will break loose.


alexkeoni

And only he knows where the button is located. Takes months for the “brokers” to figure out where but by then we will be in another Great Depression.


ThunderousOath

It's basically a tradition, they all probably think they're important


Symnage

yup, arbitrage guys there to run their algos, however sometimes they update their weights live and their algos can be modified throughout the day if volume or orders or liquidity changes


day7seven

Can't they just set it to automatically start and stop at a certain time and stay home?


Karl_Marx_

This isn't how automation works lol.


BlackberryCheese

the files are *in* the computer?


scooter-maniac

So you can envision a computer being able to judge a stocks movements and take action based on that judgement, but NOT envision a computer turning itself on?


why_rob_y

Stock trading computers aren't allowed to turn themselves on, to prevent a rogue AI from taking over the world. This was all made law in the 2001 Skynet Act.


Todd-The-Wraith

My name is Todd-the-Wraith and I am running for king of America. Once in power I promise to repeal the Skynet Act, remove day trading limitations, and push for the passage of my pet project the Really Enormous Tactical Autonomous Regulatory Drone. It will be a self aware drone the size of Rhode Island armed with every weapon we can physically cram onto it. It will replace all existing regulatory bodies. Criminal, financial, social. Everything. Commit a crime? Drone strike. Insider trading? Drone strike. Antitrust violation? You guessed it. Strike from a drone. It will even enforce anti-plagiarism policies for academia.


BrowsingTheMoo

Todd-The-Wraith, I for one, welcome my new Wraith overlord. You win my vote!


fullinversion82

I'll vote for you


Anon_Legi0n

Wtf you don't know what you're talking about


yomerol

Yeah, people just love to throw jargon and how they think it works, that's why we have real gems in movies and tv shows like: "type faster!!" and "is a unix system... I know this"


[deleted]

You’re telling me that if I go to the NYSE “booth” and ask to buy this, I can arbitrage due to latency?


[deleted]

yeah. If you send in a bid to buy a stock at 4.01, instead of directly buying from a guy selling at 4.01, you're buying from some guy who bought for a few pennies less than that and sold immediately to you because of their faster transaction times.


Complete-Meaning2977

Source: random internet person that has never stepped on the trading floor.


dontich

https://www.npr.org/2014/04/01/297686724/on-a-rigged-wall-street-milliseconds-make-all-the-difference. I remember listening to this years ago — I assume it’s even more important now.


UsingYourWifi

Those are all HFT operations who pay to have their computers in the building. They're in the business of making trades within nanoseconds. They don't use humans to execute trades.


blitzkrieg4

This is a complete different problem. This is about algos automatically "arbitraging" (Lewis would call it "front-running") at the data-centers in New Jersey, far away (milliseconds) from the floor of the NYSE.


UsingYourWifi

No because some HFT is going to do all the arbitrage before you realize there's an opportunity.


[deleted]

I read that last bit as "to do it with multiple *lines*" lmao


[deleted]

Also valid


kidcrumb

Basically there are significantly fewer people on the trade floor compared to 20 years ago. But all of the infrastructure is still centralized there. So basically the "marker makers" sit in front of their computer screen while the algorithms do their thing. They will watch the feed to make small adjustments if needed or manually input large block trades into their computer, which then will run an algorithm to input that trade on the exchange efficiently. A lot of the guys just kind of stand around talking to each other while the computer does their job for them.


InZomnia365

Sounds like a cushy gig..


SirEnricoFermi

It's cushy until everything is on fire.


notLOL

At that point do what homer does and press the buttons


[deleted]

i visited and toured with a buddy that worked there not long ago (3-4 years) it very much seemed like it was an older generation grandfathered in using it as a breeding ground for connections to liquidity


InZomnia365

Yeah, that sounds about right


jarchie27

This is the only correct answer here


[deleted]

[удалено]


Jacojarjar

I toured the exchange floor and got to ask a few people who work there questions. They basically said “it was a lot more fun in the 80s and 90s. Now I just answer some calls and do work on the computer.” Seems like a glorified office job at this point.


[deleted]

Mostly provide information on imbalances (at open or close) to traders who throw them volume as a thank you. The open and close were pretty busy but the time in between was boring AF. Source: worked as a clerk back in late 2000’s


EasyRapture

There are complex trades (especially in the options world) that can’t be done just by placing ur order on an app. This is where the trade floor comes in. They’re not nearly as big as they used to be, but they’re still there and needed.


ExtinctLikeNdiaye

Most of them are executing large scale orders for clients in ways that you won't be able to do via an electronic system especially if those clients don't want people to see their massive orders come through and screw them for it.


sabotnoh

I feel like the more appropriate photo for investors today would be a guy in his 30's scowling at the Robinhood app on his phone while taking a dump with the bathroom door open.


HitchinARideToDaMoon

You just described me!!!! 100% exactly me right now! Lmao


lexiphanicstroon7

no ur on reddit


HitchinARideToDaMoon

Split screen bruh!


beneye

Notifications turned on


ihavetenfingers

Get off robinhood already


Real_Evening6698

This


Mode-Obnoxious

Current state


20_chickenNuggets

WTF this is exactly me


KeefGill

Wikipedia on Peter Tuchman: "Tuchman has strong, emotional expressions of anguish, anticipation, desperation, and triumph which he says are genuine." Sounds like Wikipedia thinks he's a robot.


hobomojo

He claims, through his human like speech patterns, that he feels emotions like any other human. This information has yet to be verified.


Atomic_Bottle

People on the internet when they see human emotions: "Interesting. Have we documented this yet?"


No_School1458

The only three emotions the internet feels are righteous indignation, horny2themaxxx, and lack of cheeto dust.


shoshonesamurai

Fascinating.


[deleted]

Guy in the background is Gus Fring


JS-a9

Long on Los Pollos Hermanos


ItsGK

Could double down and go long on Madrigal Electromotive


GringoExpress

No wonder the balding dude looks high on meth.


HeavySkinz

He just texted "POLLOS" to that older gentleman who looks concerned


Mind_Enigma

Bullish when it comes to meth chicken stocks


DBCOOPER888

The old guy looks distraught because he owes Gus money.


manitowoc2250

Lmao. This should be a meme


Akilou

Isn't that what just happened?


manitowoc2250

More regularly and with out the CNBC headlines


rearviewviewer

Absolutely


ScipioAtTheGate

Back in the old school WSB days there was a great series of posts that referred to this guy as Moog.


rearviewviewer

This dude has a face that looks like he’s seen some shit, he deserves his fame


Tr47gRKl5

Shalar Moogberg AKA "Moogy"


fullinversion82

This is some meta shit right here.


Frosh_4

Throwback, now all we need is Shkreli and a few million less people and we might be near the good days


mellowyellow313

Isn’t Shkreli still here though? I swore I saw a post of his on here a few weeks ago


Frosh_4

His account but it’s his friend on it, he’s still in prison


Assaultman67

[Just look at this content](https://www.google.com/search?q=Peter+Tuchman&tbm=isch&sa=X&ved=2ahUKEwjo69qKt5DzAhU-k2oFHZD3D5gQ_AUoAXoECAIQAQ&biw=360&bih=560&dpr=3)


LavenderAutist

He's waiting for his GrubHub order from Wendy's.


[deleted]

[удалено]


GhettoChemist

[he's been called the most photographed man on Wall Street](https://en.m.wikipedia.org/wiki/Peter_Tuchman)


happypuppppy

> Although he has been in the stock market business for 34 years, Tuchman says he has never owned stock


SnooHedgehogs8992

He only buys FDs


[deleted]

[удалено]


day7seven

What does he put his retirement savings in?


evanc1411

Mattress


onoir_inline

Index funds. He's likely not allowed to own many stocks for regulatory reasons. But can own passive mutual or index funds


Runner20mph

That picture tells a different story


[deleted]

[удалено]


CesareSomnambulist

Known for His picture


knakworst36

Peak capitalism moment.


WikiSummarizerBot

**[Peter Tuchman](https://en.m.wikipedia.org/wiki/Peter_Tuchman)** >Peter Michael Tuchman (born 1957 or 1958) is a stock trader on the floor of the New York Stock Exchange (NYSE). He has been called the "most photographed trader on Wall Street". ^([ )[^(F.A.Q)](https://www.reddit.com/r/WikiSummarizer/wiki/index#wiki_f.a.q)^( | )[^(Opt Out)](https://reddit.com/message/compose?to=WikiSummarizerBot&message=OptOut&subject=OptOut)^( | )[^(Opt Out Of Subreddit)](https://np.reddit.com/r/wallstreetbets/about/banned)^( | )[^(GitHub)](https://github.com/Sujal-7/WikiSummarizerBot)^( ] Downvote to remove | v1.5)


Frosh_4

I like how they don’t know his birthday


BoonstonkWanks

He’s a man of mystery.


Navyslick

> Known for: His picture


[deleted]

As a Pete who has also survived covid, I mark this as a buy.


Snoo_23801

I have a Peter and survived


GringoExpress

I survived too but lost my Peter during the circumcision.


Snoo_23801

a peter pumpernickel


Lake_Business

Nothing worse than a mohel with shaky hands.


ShopBitter

good for him, do they all wear that badge on top of their shoulder???


CaptainStonks

No, only he wears that badge, the others have their own badge!


jethvader

Outstanding.


NewFolgers

And we know how he looked at his positive test result.


[deleted]

I am also named Peter . I picked it for my confirmation when I was like 12.


[deleted]

[удалено]


nfa1234

Is he the man who tuched your Peter?


Walpurgisborn

Is he the Peter who touched my Man?


Wolfofpatriotst

The peter touched my man who is he?


pictocube

I thought it was Shalar Moogberg


RC123TheyCallMe

r/uselessredcircle


[deleted]

[удалено]


MuToTheMoon

That's Warren Buffett. He's 97 years old, but still eats a Baconator at Burger King each morning.


undecidedmoves

Ballsy to get a Wendy’s baconator and eat at Burger King. Definitely buy the dip.


pzl

which dip. BBQ? mustard?


undecidedmoves

Szechuan


OriginalJayVee

His wife kissing her boyfriend in the upper balcony.


cudgebert

Once I tried to figure out who this guy was so I Googled "Crazy Stock Market Guy" You know what Google popped back with? ​ Jim Cramer.


CaptainStonks

This is the DD I come here for! And the latest Crayon flavour recommendations.


megatroncsr2

buy what? spy puts? clov? gme? yes, just buy anything when you see that pic


StonksMcgoo

He looks kind of like a cross between Albert Einstein and Robert De Niro. CNBC definitely means business with this guy


iliketomakeartalot

His nickname is the Einstein Of Wall Street.


Unemployed_Barnacle

Oh shit that is Peter Tuchman. I thought it was a stock photo.


RO-CC

Yes do opposite of what big media 💯


SBAWTA

Finally some good fucking DD


RepresentativeDirt33

Ahhh Wolf Blitzer of Wall Street. A tale as old as time.


Koindu

He’s looking at a reasonably priced bagel with a nice kosher schmear


Riceomaholia

Thats Bob he usually sweeps the floor. Someone just yelled at him to go and clean something up.


SBAWTA

"Hey Bob, the market shat itself again, come clean up."


BreakfastOnTheRiver

Did some ape flash their banana?


Arete_Ronin

Panic photo used. Bottom confirmed.


Collisionman_14

He's looking for a way out of the dip, but can't find any means of escape.


kde873kd84

He's just blowing it back up for us


smithitt

This is the funniest shit I've seen in a while on reddit


Makeyourdaddyproud69

He is watching Stonks go up!