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Schonfeld Sec. bad moon rising ???
- Thread starter cz1
- Start date
You have to understand schoni, sure some guys blew out..however, the money schoni had, IE all the investments that he did for the firm, hedgefunds, bonds, etc to secure the captial when it was not being traded or to try and increase the line was hit. So, the traders are the fall guys.......bro, do you know much or are you some datek junky?
Originally posted by ertrader
gee i guess the market is so good, and so many people are making serious $$$ that Hold brothers droped thier prop office. That momentum, bright, etc dont have prop, and that schoni is now the dying prop house??????? Humm, maby you guys should ask Lou Borsalino, go to techtrade.com and see if the guys on the futures floor are making coin, wait, but if you guys are pros, you should know, regardless if you trade stocks/futures/etc, that the Chicago Merk is not going to go public now and that they are having a real hard time, most locals have close shop for a while....but of course you guys know that already, your pro's
What I think is the business model of getting a bunch of young novice traders to churn size is dead.
That is not the only part of the business.
I agree, to get a bunch of yahoos togethor to churn, that is not a good business model. Obvisouly you know nothing about Schoni, we were not scalpers, we took positions over night, held the winners for a few days, traded for points and trade entire sectors,. We were not some leveII junkies banging on 1/8ths as csco moves up/down.....a times i had long and shorts with about 40 stocks, whole sectors......and a times i only had a few stocks, depending on what the market was telling me.
Originally posted by ertrader
I agree, to get a bunch of yahoos togethor to churn, that is not a good business model. Obvisouly you know nothing about Schoni, we were not scalpers, we took positions over night, held the winners for a few days, traded for points and trade entire sectors,. We were not some leveII junkies banging on 1/8ths as csco moves up/down.....a times i had long and shorts with about 40 stocks, whole sectors......and a times i only had a few stocks, depending on what the market was telling me.
No I do not know a lot about your firm; but I have learned from you that is probably a good thing ...
I would love to continue this discussion but I have dinner reservations and I am still at the office. Maybe we can continue tomorrow or if you would like I will send you my phone number.
remeber we are talking with in the relm of the last two years.
during 99/00 we had guys making 75 million 25million, 7million, etc
But those numbers are not true as of today, Most of us cut back on capital, the bigger traders really dont trade much now. I still didnt get the name of you firm, or location.
during 99/00 we had guys making 75 million 25million, 7million, etc
But those numbers are not true as of today, Most of us cut back on capital, the bigger traders really dont trade much now. I still didnt get the name of you firm, or location.