Najarian brothers' trading records

SoesWasBetter said:
latest
The najarians buy 1 cheap contract on 1000 stocks.

Then no matter what moves, they claim they were IN IT (true)

Subscription sales skyrocket, and they bank on that
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I agree, but to be fair, they are entertainers. The average CNBC viewer probably can't copy how they trade or at least manage trades like they can.
 
ET180 said:
I agree, but to be fair, they are entertainers. The average CNBC viewer probably can't copy how they trade or at least manage trades like they can.
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Well my personal belief is the edges they exploited have been wiped away once the great modernization began. My uncle worked both the CBOE & CME for two decades. He's rich, but a lot of the traders he worked with are broke. Why? Coke fueled binges and ladies of the night. Once they awoke from their coke fueled comas, they found out that the world had changed and the mispricings and spreads of yesterday were gone. Seriously, if you took an average ET'er and put him back in the 80's-90's you'd see it was much easier than today.

Algo's don't leave much on the table, their creators are much too smart to do that.

Ps....it isn't hard to manage 50 million and earn a living. Try doing that with 100k or less.
 
DeltaRisk said:
Well my personal belief is the edges they exploited have been wiped away once the great modernization began. My uncle worked both the CBOE & CME for two decades. He's rich, but a lot of the traders he worked with are broke. Why? Coke fueled binges and ladies of the night. Once they awoke from their coke fueled comas, they found out that the world had changed and the mispricings and spreads of yesterday were gone. Seriously, if you took an average ET'er and put him back in the 80's-90's you'd see it was much easier than today.

Algo's don't leave much on the table, their creators are much too smart to do that.

Ps....it isn't hard to manage 50 million and earn a living. Try doing that with 100k or less.
More...

You might be right. But if an HTF trading algorithm begins and ends the trading day flat, how does it influence the longer-term value of an asset?
 
SoesWasBetter said:
latest
The najarians buy 1 cheap contract on 1000 stocks.

Then no matter what moves, they claim they were IN IT (true)

Subscription sales skyrocket, and they bank on that
More...

It works; it always has. Its called giving the people.... "what they think they need".
Old as time itself. Gotta love it. Blood runs true. ;)

 
ET180 said:
You might be right. But if an HTF trading algorithm begins and ends the trading day flat, how does it influence the longer-term value of an asset?
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Easy, banks do it all of the time.
When you collude with trillions of dollars and the ability of credit creation you don't have to worry about losses.

There is a reason delta one desks are so very profitable. You've heard of every manipulation scandal under the sun, but yet the small fish get hung and jailed while the banks get by with a slap on the wrist small fine. Exchange traded manipulation is a bit more difficult than OTC, but who can compete against them? They can set the price for any asset in the world while not holding real losses. How? Because they wash trade with each other, and FINRA couldn't care less.

Let's say you have bank A with ten million shares of ABC company. They can purchase those shares driving up the price than bilaterally swap at an agreed upon price with bank B who conviently holds the opposite position or a similar swap.
Don't you think that's suspicious?

If a bank (cough cough) could do that and get away with it. Wouldn't they?

That's also how they get away with collecting dividends while not maintaining positions on their balance sheets.

I'm not saying it's right or wrong, I just know for a fact that primary dealers do that. Now, if you ask me how a company like Virtu could do the same I wouldn't have a clue.
 
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