Goldman loses money on just one trading day in Q3.

[Robert Weinstein]

Quote from the1:

This is complete madness. Go out on the market and see how "easy" scaling is. Scaling does raise a win rate but it also raise the risk of ruin. There's a definite trade off and it sure as hell isn't easy.

The 1 I think you nailed it with this post.

GS is a market market, they take the other side of the public. They have better brains, better information, and better financed. plus they trade many markets and all of this for many many many years so they have just about seen it all.

How could anyone expect them not to be banging it out of the park. Anything less than greatness would seriously call into question all the talent that they have and what they earn.

I have gone a quarter without a losing day. I have also gone several months without a losing trade.
I think last month I might have gone the whole month without a losing trade (I didn't check and I am not going to but its on the PnL and my journal if anyone wants to say I missed a day) and for sure not a losing day.

The first day of November was a loser for me but I think it was the first in about six weeks.

Anyway, my actual point is that if some guy in a tshirt and jeans in an overheated office due to all the computer crap running in the middle of the northwoods of wisconsin can go a quarter with only one losing day these guys in midtown should be able to do it with there eyes closed.

Just doesn't sound like that big of a deal.

 

[sprstpd]

Quote from Robert Weinstein:

GS is a market market, they take the other side of the public. They have better brains, better information, and better financed. plus they trade many markets and all of this for many many many years so they have just about seen it all.

How could anyone expect them not to be banging it out of the park. Anything less than greatness would seriously call into question all the talent that they have and what they earn.

And yet all that talent and brains put them in the following situation:

1. Had to switch to a bank holding company.

2. Had to cry to mommy (US gov.) for help so that they could exist.

 

[cleveland45]

Quote from sprstpd:

And yet all that talent and brains put them in the following situation:

1. Had to switch to a bank holding company.

2. Had to cry to mommy (US gov.) for help so that they could exist.

+1

give them an A+ for saving their hide from the short-sellers last fall, just in time.

 

[krazykarl]

Quote from the1:

Assuming the Yankees win 100 games in the season that gives them an overall winning percentage of 61.73%. GS is winning 63/64 days for a win rate of 98.44%. C'mon man. Why is it so hard for you to realize that you can only win that often if you own the market? The dealer always wins!

We killed the baseball analogy a few pages back after it was taken too far, much like you are doing. You cannot parallel every facet of baseball with financial markets.

When you say "own the market" you make it sound like GS is doing something illegal to post those types of numbers. You do realize that they don't make the majority of their money trading issues, right? Compare the GS win rate with other market makers and get back to me.

 

[the1]

No dude, you're missing my point. I'm saying GS wins this much because they make a market, they own the market. There is almost no risk in making a market. There other elements of GS's business that is a pure racket and something the Chicago Mob would be proud to calls theirs. Without owning the government GS would not be where they are today. They are a fascist enterprise.

Quote from krazykarl:

We killed the baseball analogy a few pages back after it was taken too far, much like you are doing. You cannot parallel every facet of baseball with financial markets.

When you say "own the market" you make it sound like GS is doing something illegal to post those types of numbers. You do realize that they don't make the majority of their money trading issues, right? Compare the GS win rate with other market makers and get back to me.

 

[themickey]

A couple of questions we need to ask i suppose is:
a) If Casinos are allowed to operate then maybe so is GS ???
b) We go into a Casino to gamble, does GS take money off the table because it's money we're gambling or because they are skimming from people's savings accounts and superannuation accounts etc?
c) Is GS's methods moral in our society?

 

[931]

https://www.itworld.com/article/2703927/the--1-million-a-year-software-developer.html
Deckade old algo with claimed 60million lines of code?

For comparison microsoft windows is about same...
Windows XP: 40 million
Windows Vista : 50 million
Windows 7: 40 million (reduced from Vista).
Windows 8: 50-60 million

https://www.freecodecamp.org/news/the-biggest-codebases-in-history-a128bb3eea73/

How many engineers they have in there?

If all those engineers would have worked on climate model instead of feeding greed, maybe the weather prediction would be accurate and lose 1 day in quarter...