It becomes clear to me then how the game is played, and why Gary wanted me to trade in and out and didn’t care if I made money for the firm. It’s quid pro quo: the bigger the commissions we pay the sell side, the better information and allocation we receive in return. The seventy-five grand I lost for the firm the day before is just part of a business model that generates huge profits. With the stock now at $110, we make eight million bucks.

