According to CNBC professional traders, unabashed risk-takers, are often looking for the next hot opportunity not only to trade, but to own.
Many traders are entrepreneurs in other businesses outside of Wall Street and financial services. They're leading secret lives off the trading floor, creating new ventures in varied fields from mobile apps to real estate. They're making personal bets and garnering outside investments for businesses they believe in, allowing them to make money on and off of trading desks.
Trader Anthony Neglia has benefited from many gold trades. A veteran broker in the gold options pit at the New York Mercantile Exchange, he's watched the precious metal nearly quadruple in price since he started his trading company 23 years ago. Monday through Friday, you can hear his bellowing voice on the floor of the NYMEX. His "big mouth" — according to Neglia's father — has certainly paid off.
He's found another golden opportunity too, in real estate. Neglia runs Volpe Realty, specializing in commercial and residential sales, rentals and land purchases. He and his wife bought the business in 2007, months before the financial crisis. Neglia says "it was a calculated risk…."
As a trader, he's no stranger to risk and says he's been able to realize the upside in both businesse, largely because of the many similarities….
Read all about it at http://www.cnbc.com/id/46330909
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