ES Journal Archive (2006 - 2008)

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Anyone read about bright trading and the huge loss taken by 1 of their traders, guy was up millions, lost it all plus....

Not sure why someone who was up millions would not take some off the table, instead of going in bigger?
 
Quote from gwac:

Anyone read about bright trading and the huge loss taken by 1 of their traders, guy was up millions, lost it all plus....

Not sure why someone who was up millions would not take some off the table, instead of going in bigger?
More...

When you make millions your goal becomes $10 million.
 
Quote from gwac:

Anyone read about bright trading and the huge loss taken by 1 of their traders, guy was up millions, lost it all plus....

Not sure why someone who was up millions would not take some off the table, instead of going in bigger?
More...

Same reason folks let large winners turn into losers all the time. Greed and to big of ego to admit when wrong.
 
Thats fine but you would think the guys who run bright have the experience to understand that the standard deviation tails do happen and you should not put yourself in a position like that.

Quote from jeb9999:

When you make millions your goal becomes $10 million.
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I love companies that use VAR, it is the biggest chunk of crap out there. The FI I worked for used it. Its doesn`t work when you really need it to work. Days where the market does not behave normally.
 
Quote from smilingsynic:

Limit buy orders in place from 51 to 54. If they get hit at all, probably will be tomorrow over, preferably, overnight.

No time for intraday trading until after Labor Day, so these are SWING trades, if they get hit.
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1350 december


lows, 1240 -1250


possible outlier at 1180
 
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