"GOD Trader loses $500 Million" Andy Hall Hedge Fund CNBC Info

der_kommissar said:
The fact that he had 500 mill to lose is the most impressive part.
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smallStops said:
Definitively does not know what he is talking about : every heard of "investors cash fleeing?".
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$500 Million is Big Bucks, if CLR's CEO Sold all his Oil Hedging to gain a $700 Million dollar cash infusion capital gain, we need to take note! I agree with you, why did CLR's CEO sell at those Futures Contracts when Oil was near $80? His stupidity has costed shareholders 50%-80% of value according to where you bought this. We sell our stocks and dump Stink Dog stocks like CLR but what of all those who are holding Oil waiting for it to return?


Something still feel's strange, we lack the fear of 1996, do you notice people are still buying even with Record Outflows? Franklin-Templeton's Emerging Market's and European Funds are getting liquidated faster than we can type. What will calm things down, when Hedge Funds get busted and we get a real bottom or will the Fed and Global Finance Leaders agree to some Emergency Rescue action? Good thoughts on valuing $500,000,000 because I think its lots of cash!


I noticed BEN hitting 52 week lows along with many investment banks, what's the deal? LAZ hit a new low, the banks are not making a fortune trading?
 
smallStops said:
This is a classic : trading success , and down the road overconfidence and complacency.
Psychology/spirituality again.
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Exactly, how many times have we gotten pounded in the ground after making fantastic trades being lazy or arrogant(more than my share, and you?)? They remind me of a group of short-lived traders from 1997 to April of 2000. I knew some housewives who bought at the Open and sold at the Close, buying JDSU, CIEN, LU, MSFT, ETFC, DELL, INTL making $500 and getting more brave. The leader of their Pack lambasted me for saying "You need to put more time in, buying from the pay-phone and throwing out Market Orders help's Knight, you are playing a dangerous game! She had her friends blast me, I was shorting stocks like Sagent Software(went BK), CAMP,CPQ, HPQ when the Market finally busted.


They got left holding a very dirty, soggy bag! When I see her at Walmart as Front End Supervisor, she ignore's me still! They never wanted to sit for hours, research late to night, they wanted to buy and shop, buy and shop, finally it was "Buy and Bust!"
 
The article reports the protagonist's own analysis of the loss sustained; seems pretty exhaustive to me and it's unlikely any one here could improve or expand on it.
If anything it shows the advantage of trading other people's money. Half a billion loss and he can still enjoy megayachts and jets.
 
Maybe he was using my Options Brokerage that dies and even the Trading Desk Hotline's inability to get through to the Market's caused his crash? Just a theory, doubt he is dumb enough to stay with people long enough to get ripped off!
 
morons give money to other morons was it ever thus- how many stupid people are able to make money and then lose it?Not by being smart but by being lucky? That is the truth of the markets
 
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