Bright Trading's new payout model

Status
Not open for further replies.
name 1 trader or group at your firm who made $100 million a day everyday for an entire year with the exception of 8 days.

ok, make it easier for you. $100,000 a day.

Quote from Maverick74:

You do know that most of these banks were about a tick away from being insolvent in 2008 when the shit hit the fan. All that profits have risk associated with them. Who you should be mad at is our f*cking government that keeps bailing them out. Your anger Lights is directed in the wrong direction. These guys are not making risk free money. They are taking a lot of risk. Their drawdowns are huge. The problem here is not what they are doing, it's the fact they never have to pay the consequences when they are wrong (I'm speaking of the large investment banks).
More...
 
Quote from Lights:

name 1 trader or group at your firm who made $100 million a day everyday for an entire year with the exception of 8 days.

ok, make it easier for you. $100,000 a day.
More...

Lights calm down man. No more coffee this morning for you. Look, I really think you do not understand how this business works. Ok, those numbers you are throwing at me, I know how guys on ET like to get a hard on when they hear them but the truth is, those numbers are really rather bland. When you look at their actual return on capital, they are making fractions of a percent a day. Probably half a percent, maybe a quarter. I know a lot of guys that consistently make a 1/4 to 1/2 a percent a day.

The only difference is size. These banks have billions to work with. The numbers are not as sexy as the media makes them out to be. Yes, they are consistent. But that consistency really is analogous to an option premium seller which is synthetically what their p&l profile looks like. Very small consistent profits when markets are slow and calm followed by huge drawdowns when volatility explodes. There is nothing really new here. I still don't know what your gripe is.
 
Bingo. Dodd was moot.

u would think with all that happened in '08 and regulation on the rise things will change. May '10 tells another story. The cancer is still malignant.




Quote from risktaker:

And "market makers" ought to be *separated* from banks.

If Goldman wants to be a bank, fine.

Then strip them of Sigma X, Redi, etc.
More...
 
i think u lost the argument there. thanks.

Quote from Maverick74:

Lights calm down man. No more coffee this morning for you. Look, I really think you do not understand how this business works. Ok, those numbers you are throwing at me, I know how guys on ET like to get a hard on when they hear them but the truth is, those numbers are really rather bland. When you look at their actual return on capital, they are making fractions of a percent a day. Probably have a percent, maybe a quarter. I know a lot of guys that consistently 1/4 to 1/2 a percent a day.

The only difference is size. These banks have billions to work with. The numbers are not as sexy as the media makes them out to be. Yes, they are consistent. But that consistency really is analogous to an option premium seller which is synthetically what their p&l profile looks like. Very small consistent profits when markets are slow and calm followed by huge drawdowns when volatility explodes. There is nothing really new here. I still don't know what your gripe is.
More...
 
Quote from Lights:

name 1 trader or group at your firm who made $100 million a day everyday for an entire year with the exception of 8 days.

ok, make it easier for you. $100,000 a day.
More...
while not 100k/day, i've only had 2 losing days this year. a couple other guys i trade with are similarly consistent. we don't do dark-book arb or any of the other super low-latency stuff. it's pretty much vanilla market making on stat arb books.

consistency in trading is about frequency. basic game/probability theory. understand it, it will help get rid of your chip.

if you have an edge and can trade it a gazillion times a day, you're gonna make money every day. period. how much is a function of capital and scale. two things gs has down pat.
 
Quote from Lights:

i think u lost the argument there. thanks.
More...

Lights, you keep talking but you never say anything. There is an old saying, you are entitled to your own opinion, but you are not entitled to your own facts. You are bringing nothing to the table. You keep screaming and yet no one on this thread knows wtf you are screaming about. Your argument keeps shifting without ever actually saying what it is you are arguing about. Honestly there has not been one post of substance from you on this thread. Not one material piece of information. Hell no one on here even knows what you are upset about as a prop trader.
 
Dumb and dumber had a sequel.

Quote from Maverick74:

Lights, you keep talking but you never say anything. There is an old saying, you are entitled to your own opinion, but you are not entitled to your own facts. You are bringing nothing to the table. You keep screaming and yet no one on this thread knows wtf you are screaming about. Your argument keeps shifting without ever actually saying what it is you are arguing about. Honestly there has not been one post of substance from you on this thread. Not one material piece of information. Hell no one on here even knows what you are upset about as a prop trader.
More...
 
Status
Not open for further replies.
Back
Top