For all the pros out there, would you be concerned when a system that produced 20% profit a month suddenly dropped to only 15%?
Gut Feel: That something special of Successful Traders
- Thread starter dealmaker
- Start date
Gut Feel: That something special of Successful Traders
- Published onJuly 28, 2017
Steven Goldstein
Performance & Executive Coach, Organisational Development Consultant specialising in Financial Market Risk Businesses.
The Trade
It was 1:30pm on Friday 11th May 2007, I was at my trading desk at American Express Bank in London, awaiting the release of US GDP number. I had no position going into the release, and in terms of my P&L for the year, I was deeply ‘in the red’. Twice in recent weeks I had entered the market on the short side in Bunds Futures, twice I had stopped myself out. Nonetheless I was still looking to short Bunds, my view was built on what I felt was potentially a great risk-reward set-up. Whether it would pan out as anticipated was another matter, in markets, nothing is given and nothing is certain.
If you'd like to hear more from Steven Goldstein, the youtube channel UKspreadbetting did an interview with him a while ago, here's the link for the playlist:
Why doesnt everyone capture dividends?
Strange that you called James Simons a loser. He has the best long-term track record among hedge fund managers. What I didn't like about Renaissance Technologies is that they keep the best fund to employees only. How can his investors know for sure their best fund does not trade against their other funds? Employees do have some incentives to make sure their own money does best.
Son must not be a trader or a Doctor. It is easy to confuse gut feel with back feel as both are located around the same general area of the body.
Hows your Bitcoin ? Mines going up!
Strange that you took what I wrote in 1st degree, it was just an ironic reply to the previous poster's claim all algorithmic traders go bust (or similar)
Sorry, my fault. I did not read the whole thread properly to get the right context.