The $4000 / month cofounders

[truetype]

those like myself who been trading forever and only work for themselves expect $4k an hour.

 

[Jeffro72]

https://www.forbes.com/sites/nathan...aking-1-billion-of-trades-daily/#49c9ed71886a

Put a rocket engine on a brick and it will fly - until the fuel runs out. Put millions of dollars into a random hedge fund and it will fly too...

 

[Jeffro72]

Once again, where's the profits ?
re: "though he declined to disclose how much he is making running the fund,

I wonder why?

 

[syswizard]

I wonder why?

Reason: It's so easy to create an Algo strat that simply breaks-even after commissions and fees.

 

[Aquarians]

I suspect this has to do with the qvasi-perfect uniform distribution of a large portfolio of stocks. If you get monkeys to throw darts at a chart (and pick stocks randomly), you'd get wins =~ loses so ignoring commissions and fees, they'd break even. DOING A BILLION TRADES A DAY!

Now if these "young stars" backed by multi-billion VCs actually make above commissions, that's a mystery. Even if they do and it's not spectacular, then it has a lot more in common with plain luck and a bull market than actual wits.

I just don't buy the myth of the teenage superstar trader.

 

[syswizard]

I just don't buy the myth of the teenage superstar trader.

Same here....

 

[Aquarians]

International math olympics is now organized in my city. I've been in this shit at least since Russia took organizing the muscle competition.

 

[Aquarians]

Question to Handle123: who would you pick from them?

Question to Handle123: 345+
Man, you thrashed me but never ghosted me.

 

[Handle123]

Question to Handle123: who would you pick from them?

Question to Handle123: 345+
Man, you thrashed me but never ghosted me.

What are you talking about????

 

[Aquarians]

Private threads. A popular trend is "ghosting" where I talk with someone then suddenly they cease answering. Interestingly that usually happens *after* I get to tell them about the markets and strategies I work with.