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alright, for those of us who're looking to continue trading the increased vol, it's key to make sure we go with the most robust brokers eg: for all those who saved a few bucks on commissions with Robinhood, probably many arent too happy now given all those outages as reported in the news, etc...

According to Reuters the BOJ's breakeven is around 19,500 on the Nikkei https://www.reuters.com/article/us-japan-economy-boj/bojs-kuroda-says-markets-very-unstable-reveals-cost-of-etf-buying-idUSKBN20X06B?feedType=mktg&feedName=ousivMolt&WT.mc_id=Partner-Google With so many central banks...

if you take a look at the IB-spun out prop trading desks' financial statements via UK's companies house, they have disclosed P&L statements for the prop desks of SocGen, BNP, etc basically their returns were <10% per annum for a few years when they spun out they also reportedly lost something...

when george soros' black wednesday gains became public, wasnt there so much public outrage against fact that a group of wall street traders made profits off their collective loss in a redistribution of wealth exercise i guess this time with the $1.8 billion it was financed with money from ppl...

yea, i see the asymmetry of it it's just that my first impression reading the report was that it seem like someone knew what was going to happen and acted on it with great confidence i mean, sure, they could have simply 'analyzed' the situation and risked a downside of "few tens of millions"...

The upside though, is they occasionally print the juicy details other publications dont

i remember someone on ET was talking about the possibility of those in the know trading off a secret "inside channel" on macro developments and making huge gains i guess the theory has gone mainstream now: https://www.vanityfair.com/news/2019/07/the-mystery-of-the-wall-street-trump-trades...

my nephew says there are now 7th graders in his AP computer science class, ie. what used to be a college level course on algorithms and data structures with limited enrollments, etc just like how the wall st shops are constantly rolling out new strategies and algos, what looks to be the next...

stuff was real back then it's a bit disappointing how all those supposed gurus in recent years havent managed to post returns that keep up with the hype eg yesterday's financial times article on family office conversions

back in the day, Commodities Corp was like the epicenter of market wizards, having all of those superstars trading in 1 building at the same time: Michael Marcus Paul Tudor Jones Bruce Kovner Ed Seykota Louis Bacon but today, the setups just seem very diffuse, where (a) the "famous name" on...

i came across the interview that NYSE did with John Arnold, the natural gas trader, which is now available on YouTube and a few things he mentioned seemed kinda interesting: 1) he started his hedge fund in 2002 with $8 million - but unlike previous media reports, he tells his side of the story...

well, maybe his friend is, or maybe not..sure, there are some talented traders out there sitting in midtown manhattan with patagonia vests pumping out gold through their standing desk bloombergs, but probably very many who dont have the stereotypical setups of $1 bn+ AUM, CNBC regular...

exactly, maybe if there are enough outliers/ market wizards on one end of the bell curve, there are also outliers on the other end

how do you think he does it? did he ever let slip a secret or two

so there's this person i know, more of an acquaintance than a friend, who literally seems to have the anti-Midas touch, where everything the guy says the market will turn out to act the opposite on. too many instances to count, but i started noticing it one time when he mentioned a major company...

so there's this thing in linguistics called Sapir-Whorf hypothesis where they say the built-in structure of a particular language affects one's thinking ie. ceteris paribus you wouldn't *think* in the same way if you spoke German as compared to say Croatian, because the rules/grammar/words of...

so in light of the recent reports of the pay-to-play admissions scandal (or rather, pay to 'pretend-to-play' varsity sports, if you get my drift) -- just wondering what are some of the most useful things everyone learned at school that apply to trading? a few things that stand out to me are...

alright, so i'm getting a few days off work coming up in a month or so, and am looking for some recommendations on technically challenging but immediately useful books in trading -- maybe we could pool ideas & get everyone a list? i feel like many books in finance/trading could be classified...

If you look up the returns of his global macro fund (Clarium), maybe that provides a more nuanced look at his overall skills/ comparison to the success of his investments in private shares I think most anger/ public 'outrage' in recent years has to do with the unfair/unequal access to...

well maybe there should be more transparency for access to shares, esp. for companies who designed their entire corporate strategies around getting a sky-high IPO by selling shares to the public down the road at inflated valuations there should be an eligibility criteria for companies where if...