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at some point, it would seem maybe they just dispensed with 'research,' and started writing 'advertising' that touts the pros of why someone should willingly take the opposite side of their own trading desks like a wolf that 'advertises' why a sheep should venture at night into the...

if anything they sure are consistent...the gift that keeps on giving, US dollar up / gold down, exact opposite to goldman's 'public' recommendation that was conveniently reiterated yesterday Gold drops by most in a month amid dollar strength...

good point, some of the funds hiring ex-bank prop traders have mostly been recruiting from the more senior guys who were already prop trading before the volcker rule with prop trading becoming increasingly rare in banks, what would be the best route to getting a role that allows for building of...

it analyzes the stream of returns produced on a portfolio, so i guess it implicitly includes the behavior of the manager to the extent that he builds and implements the strategy nowadays you have so many choices of software that runs the calculations for you, but if you want the formula...

agree, the LCTM guys prob had really high Sharpes too (ok just checked, they had like a 4+ sharpe) at what point does Sharpe not become that important? maybe it's like a laffer curve, where too high Sharpe ratios indicate low capacity/brittleness of strategy, etc rather than true awesomeness...

by way of efc, fewer than 5% of top-tier bank traders have Sharpe ratios above 3: https://news.efinancialcareers.com/jp-en/312321/get-trading-job-bluecrest-capital-management-now specifically, "Some traders cast aspersions on BlueCrest's alleged new choosiness. "A sharpe ratio of two is good...

at first i thought by 7 figures they would mean they trade a notional size of over $1m, perhaps leveraged stocks or futures. but i guess they specifically said the team leaders make over a million a year, where they sometimes make "tens of thousands a day." by way of comparison, to get $1mm...

Alright, just out from Livesquawk on Goldman: "Goldman Says Revising Its 12 Month Gold Price Forecasts To $1,325/TOZ From $1,450/TOZ Goldman Says Dollar Unlikely To Derail Its Bullish View On Commodities" Also from Bloomberg earlier...

thanks, this actually helps -- i guess the trick is to not get to stuck on finding brokers with low overnight margins, bc like you said, they don't have much control there, but rather to focus on brokers w/ very low intraday margins, where they have more discretion to be lenient

ok, you mean the switchover from day margins to overnight rates, where overnight maintenance margin > day initial margin eg. Tradestation's rates on the ES: Day initial margin: $1595 Day maintenance margin: $1450 Overnight initial margin: $6380 Overnight maintenance margin: $5800

dude, how can maintenance margin be greater than initial margin?

well ok, usually initial margin is like 110%-130% or so of maintenance margin so in this case, if the maintenance margin is $1, then initial margin is prob. $1.10-$1.30 or to use the other set of figures, if initial margin is $1500 per contract (actually pretty close to TradeStation's day...

technically that's true though, isn't it - as long as ES notional value on that 1 contract doesn't go down by more than $1499, ie. such that you don't need to post additional maintenance margin. my understanding is that as long as you don't breach maintenance margin, you can hold on to that...

In the interview, "Rambo" John Moulton mentioned trading bond spreads, it seems some of the really large locals tend to focus on bonds or ES The French guy built a position mainly on ES

I'm sure most of us have seen the 'bulls and bears' documentary from a while back. Have to say, am somewhat surprised to see a follow-up of sorts, in the form a 1 hour interview on Chat with Traders with one of the most memorable characters from 'bulls and bears' - ie. Rambo, John Moulton, the...

think of it as an extra edge beyond the other lines of statistics, with insight on how the invisible hand tentacle will actually drive a particular market (among all the different macro plays out there) in 1 direction short term - ie. you know, when the "smart" money is luring the "muppets" in...

So around the time of Labor Day, i was looking at a reversal trade in the Aussie dollar, & lo and behold, on my newsfeed there was a notification on how Goldman did "not like the AUD", right around its lows...

found the 2 year price chart for German power futures on ICE & the market seemed really 1 way, going from mid 20s to 60 euros per megawatt https://www.theice.com/products/57609948/German-Power-Financial-Base-Futures/data?marketId=5362196&span=3 haha, are you from Sweden? any other...

thanks, is there a webpage for those? i wonder if they're available to US citizens. would be interested to look at a price chart of the electricity futures though, the FT article mentions something about power spreads widening to 17x normal levels, and he was doing a convergence trade. i wonder...

anyone know how he was able to just leave his prior firm and trade with "$30k of his own money"? i thought the electricity markets required institutional-level funding to get access?