I don't understand this: "I am now fully hedged"

Quote from OddTrader:

We don't have to be hedge funds operators in order to learn how other people trade from this kind of books, that would be the only valid source supplying information of how real traders trade.

So what would be the books you read?
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Nassim Taleb most recently . . I've read tonnes of trading books . . that's really all I read I graduated. Really if you name it I can tell you if I read it or not.

It's just the way Soros writes. The ideas are very incronguent . . .

If you want some examples I can crack it open . . .I probably have it marked where I stopped reading. . .
 
Quote from ImamicPH:

No Bull: My Life In and Out of Markets

http://www.amazon.com/gp/product/04...TF8&coliid=I2FKP8IZRGI5ZG&colid=3AXU5UF4BAJ1B
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Q

"Too much life story, not enough trading - a disappointment. ... In contrast with "Reminiscences of a Stock Operator", Soros' "Alchemy of Finance", and the "Market Wizards" books, "No Bull" is disappointingly lightweight and lacking in insight."

"The book should be sub-titled "my life outside of the market". "

UQ

Probably Soros would be the only one detailing so much trade activities.
 
Quote from OddTrader:

Q

"Too much life story, not enough trading - a disappointment. ... In contrast with "Reminiscences of a Stock Operator", Soros' "Alchemy of Finance", and the "Market Wizards" books, "No Bull" is disappointingly lightweight and lacking in insight."

"The book should be sub-titled "my life outside of the market". "

UQ

Probably Soros would be the only one detailing so much trade activities.
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Yeah it's not exactly Total Recall . . .

Again the thing about the Soros book is that, when he wrote the book he was trying to recreate standing over his shoulder almost like a hologram . . . it was to great a task . . .the book lacks the hands on experience . . . I mean obviously . .

Reading Alchemy of Finance will not teach you how to be a better trader . . it leaves you wishing you were in the markets in the early 80's

There are many other books written by HF guys . . I don't know any off the top of my head though
 
Patton, ... "Rommel, you magnificent bastard. I read your book." Enough said. --- Paul Tudor Jones II (The Alchemy of Finance, George Soros, Page 2 Foreword)
 
Something was wrong in that last post (short yen must = short USD/JPY).

Anyways, in the example from Soros he is simply long DM/JPY -- I don't know where "fully hedged" comes in, because a pair like that moves.
 
woops sorri.

i was simply making the point that if the underlying USD value of the 2 positions are the same then he should be hedged to underlying fluctuations in the USD.
 
It's late but . . we're back where we started right?

from the excerpt, the best we've got is that:

Soros has no exposure to the USD?

And this is what he meant by "fully hedged"?
 
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