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The Japanese trader w/ net worth $200m is obv on must follow list, he picked the July bottom on Nikkei 225 futures to the exact day, moves in big size and almost never wrong https://twitter.com/cissan_9984?lang=en sidenote: use google translate instead of built-in microsoft translate, which...

alright, this is an anecdotal story only - obv take it w/ grain of salt: i was having drinks w/ some friends & their colleagues some time ago, this was last year, around the time of the crypto bubble's parabolic rise up, & ppl were commiserating how they thought bitcoin was going to pop...

alright, oil looks to be a breakout buy, def. going to $100 by the looks of it even the charts look incredibly bullish, & w/ stops placed at $80 for brent their 'recommendation' is just addtl info to the upside Goldman Sachs Pours Cold Water on Talk of $100 a Barrel Oil...

well that's the thing, these guys are prob not generating 10% on 1x notional, using only their capital base conservatively like some mutual fund. if they found a way to really reduce risk - across all dimensions - to so low, while generating mkt-level returns, then they'd have leveraged X times...

While scrolling through the commodity futures charts, I noticed that Sugar No. 11 look kinda interesting -- 1) V-shaped bottom w/ a 10%+ reversal during a 2 week period from Aug 20 to Sep 13 2) Price now back near lows, to 11.25 for March 2019 contract 3) Pattern reminiscent of coffee futures...

pls explain? $60m figure is corroborated by NY Times and Chicago Tribune: https://www.nytimes.com/1989/10/25/business/soros-sues-shearson.html http://www.chicagotribune.com/news/ct-xpm-1989-10-24-8901240856-story.html

well you can't eat alpha, usually fund managers need a way to spin sub/market-level returns into justification for their 2 & 20 compensation schemes c'mon, if you can sit back & literally do nothing to get 10% market level returns, as in the case of vanguard that holds hundreds of billions--so...

good stuff...was there a particular 'number' that ppl had in mind, before deciding to pack it in & head off to the bahamas? it was said that george soros had a target of $500k back in the 1960s, roughly equiv to $4m today

not sure if i follow...could you make it simpler, like if a trader who specializes in long bonds comes onto a global macro desk, how many lots of ZB is he allowed to put on if trading directionally, if aiming for $10mm profit annually? like the andurand guy in crude oil, my understanding is he...

there was a story of how soros' quantum fund lost $60m in s&p futures in the week of the 1987 crash, when they tried shorting but their broker + 100 other floor traders reportedly colluded against them...i guess it was a crazier time

any insight into how he does what he does? is he still trading?

Let's hope he doesn't end up like Livermore, didn't JL do that a few times before he gave up... please explain more? this is unexpected, as you often hear how ppl are too much of a gambler to succeed at trading (rolling the dice on random stuff where they have no edge, etc)

alright, we all know about george soros, stanley druckenmiller, paul tudor jones, etc, but mostly they're like characters that are so remote it's hard to have much insight into what makes them 100x more successful than the avg finance guy my question is, who is the most successful trader you...

you could start by looking into exactly what kind of strategies the algos deploy, that gets you more specifics in execution that would be of more use in bottom line it's an open secret that many of the famous quant shops haven't been doing too hot in recent years, and those are places stuffed...

lol, one day if/when they decide to say "we love this market bc of the solid fundamentals and momentum" then it'd probably be time to pull a Paul Tudor Jones and short the S&P at top tick

what with average comp in NYC securities industry being around $425k, across 176,900 jobs, it'd probably still be a sizable population with annual comp above $2.5m, likely just a repeat of the top X% of ppl, probably colleagues who already hang out together in groups...

looks like the guys over at Forexlive also did a weekend project in compiling and checking goldman's publicly recommended trades. Goldman Sachs' top trades for 2018 have been an unmitigated disaster...

thanks for the input. just wondering, to generate profit of 10mm per seat, what would be the trading limits/ capital allocation for the avg trader?

i guess it depends on how you select the time window for Vanguard S&P 500 based mutual fund, past 10 years return at around 10.7% per year: i mean, you could dice it by beta, mkt exposure, etc, to justify fee structure paid by clients of a hedge fund, but if we're talking about a business...

Being curious at the returns achieved by bank prop trading desks, I did a search on Companies House beta (UK govt website) on the prop trading subsidiaries of BNP Paribas & Societe Generale, which are foreign banks that continue to have prop trading in the post-Volcker rule era. A few details...