Steven Cohen's trading results

gnome · May 2, 2005

Quote from mhashe:

You forget the Entires.

A trader controls his Entries and his exits.

Waaaay off the point.

Boy Plunger · May 2, 2005

Quote from ozzy:

All I can say is that........

I wish I had some jewish chromosomes in me. They behave in a very interesting manner which is not seen other cultures. I think there is a lot to be learned from them. Does anyone have any ideas how they have become so powerfull and rich? Just curious.

ozzy

try not being a douche bag

alex

MYDemaray · May 2, 2005

Quote from OneHipCat:

I think he got in around November where the stock was around $1.50, I remember there was an article in the Wall Street Journal back then about how SAC was going to restructure the company and rescue it from bankruptcy.

Check out the news today (edit: I guess this came out Fri) on the financing agreement...

nitro · May 2, 2005

Quote from ozzy:

All I can say is that........

I wish I had some jewish chromosomes in me. They behave in a very interesting manner which is not seen other cultures. I think there is a lot to be learned from them. Does anyone have any ideas how they have become so powerfull and rich? Just curious.

ozzy

There are a couple of theories:

http://www.amazon.com/exec/obidos/t...102-5283965-8616124?v=glance&s=books&n=507846

http://www.amazon.com/exec/obidos/t...102-5283965-8616124?v=glance&s=books&n=507846

Nothing to do with genes, but certainly with "culture." There is a very famous book that every Philosophy major (political or otherwise) has to read:

http://www.amazon.com/exec/obidos/t...102-5283965-8616124?v=glance&s=books&n=507846

nitro

MYDemaray · May 2, 2005

On this whole topic of race/ethnicity and success -- Thomas Sowell (the economist) has written a book entitled "Migrations and Cultures" in which he outlines why some people groups have succeeded versus others -- I found it interesting.

straddler · May 2, 2005

The fact that I have to reply to something as ridiculous as this makes me want to puke. I suggest you visit a local synagogue this Thursday and hear about what happened the last time a bunch of sociopaths decided Jews were prospering while others were not.

Quote from nitro:

There are a couple of theories:

http://www.amazon.com/exec/obidos/t...102-5283965-8616124?v=glance&s=books&n=507846

http://www.amazon.com/exec/obidos/t...102-5283965-8616124?v=glance&s=books&n=507846

Nothing to do with genes, but certainly with "culture." There is a very famous book that every Philosophy major (political or otherwise) has to read:

http://www.amazon.com/exec/obidos/t...102-5283965-8616124?v=glance&s=books&n=507846

nitro

wilburbear · May 2, 2005

Quote from ozzy:

All I can say is that........

I wish I had some jewish chromosomes in me. They behave in a very interesting manner which is not seen other cultures. I think there is a lot to be learned from them. Does anyone have any ideas how they have become so powerfull and rich? Just curious.

ozzy

I am not Jewish. But my wife is. In deciding where our children should go to school, we looked at a Jewish elementary school. Kids had just dropped down, and were sitting, reading to each other in the hallway, as if they couldn't wait to share some new information. That was the last school we had to look at. My kids have been there ever since.

Copernicus · May 2, 2005

Quote from MYDemaray:

Actually, do you know what price he got in at on the WTSLA trade? He's holding converts and I'm not sure where they are trading. Doubt he's arbing them at this price, so he's probably just betting on the upside. Also you have to figure that it's one of a few plays he's doing. Certainly the stock has bounced from its lows and as long as the common stays afloat he makes money. Even if common goes under, do you know if/how the converts are secured?

I know nothing about the BBI trade.

i have no idea on entry prices, but these two big holding were highly publicized some time ago.

nitro · May 2, 2005

Quote from straddler:

The fact that I have to reply to something as ridiculous as this makes me want to puke. I suggest you visit a local synagogue this Thursday and hear about what happened the last time a bunch of sociopaths decided Jews were prospering while others were not.

Huh?

Are you saying that per capita, Jews are worse off or no better off than other "ethnic" minorities? Or are you saying that this line of reasoning leads to Hitler?

nitro

jgfutures · May 2, 2005

I was surpirsed to read so many posts regarding "small wins, small losses, big wins".
I think it has a lot to do with an individual's personality that drives his money management techniques. Some may settle for 10% of their winners driving 90 % of their profits. I tend to lean towards consistent returns with a few major blemishes. Personally, I've found consistency breeds confidence, and an occasional large loss is just part of the game.
That being said, most people I know who manage money for a living (ie CTAs, etc) tend to look for the limited big winners to drive the majority of profits. Maybe it has something to do with the sheer size of accounts, or simply they know something I don't ...

Either way, as we all know, it all comes down to the money management.