$25 Million A Day

This is a discussion on $25 Million A Day within the General Trading Chat forums, part of the Reception category; Originally Posted by timsk What we all wanna do is to copy the guys 'n gels at GS who didn't ...

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Old May 11, 2010, 1:40pm   #22
Joined Apr 2010
Re: $25 Million A Day

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Originally Posted by timsk View Post
What we all wanna do is to copy the guys 'n gels at GS who didn't have a single losing day in the first quarter of the year according to this article on Bloomberg.
Goldman Sachs Has First Quarter With No Trading Loss
Well, I guess they'll be needing every cent to help pay their legal expenses!


It's not that suprising, the money and technology that GS traders will have behind them can afford them the luxury of being able to iron out most moves under normal conditions.
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Old May 11, 2010, 2:34pm   #23
 
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Re: $25 Million A Day

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Originally Posted by BSD View Post
Dunno quite what all the amazement is about...

one of their best and most profitable currency traders was a gal called Mei Ping Yan who traded off of 5 min charts and went looking for elliot waves (Paul Tudor Jones likes those too btw9) and had a hit rate of below 50%, which she made up for with great risk / reward ratios...

You had everything there from guys and gals just looking at the order book to people trading off of patterns, using bollinger bands, moving averages as trade filters, etc etc.

They understand the obvious, that trading is just a probability game, no more, no less.
Spot on as always BSD.
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Old May 11, 2010, 2:36pm   #24
 
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Re: $25 Million A Day

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Originally Posted by BSD View Post
Grasp that and you can eventually move on and start a fund to make really big money.
That's if you're playing the "who has the most money in their account when they die" game. Otherwise you don't need that kind of money, unless you have a spouse with an insatiable appetite for consumer goods from Harrods.
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Old May 11, 2010, 3:06pm   #25
 
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superfund? 5$ up and 5$ down month by month, ROFL!

this guy is a loser
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Old May 11, 2010, 5:39pm   #26
 
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Re: $25 Million A Day

English please?
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Old May 17, 2010, 11:27pm   #27
 
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Joined Dec 2008
Re: $25 Million A Day

Forget Govt Slacks - Tradebot have not had a losing trading day in 4 years ... average length of trade ~ 11 seconds.
here:
http://www.nytimes.com/2010/05/17/business/17trade.html

Last edited by elitejets; May 18, 2010 at 4:13am.
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Old May 18, 2010, 12:57am   #28
Joined Nov 2008
Re: $25 Million A Day

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Originally Posted by elitejets View Post
Forget Govt Slacks - Tradebot have not had a losing trading day in 4 years ... average length of trade - 11 seconds.here:
http://www.nytimes.com/2010/05/17/business/17trade.html
Minus eleven seconds? That's cheating...
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