Top 30 traders under 30

[thenewguy]

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Quote from thenewguy:

I'd just like to point out that the article title is ridiculous...

NONE of the top traders under 30 are going to the press to talk about how much money they are making, because they all know the same thing. Their edge is fragile, and the longer they keep it a secret, the longer they can make money.

- The New Guy
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Magnus Greaves is the owner of the magazine, I'm sure he would appreciate your feedback.

Don

Sorry, didn't mean to come across as bashing the article. It's great to see some young guys doing so well. And I suppose the title "30 traders under 30 who are doing very well" probably wouldn't sell as many copies... lol.

The few traders I've met who are much more profitable than the one mentioned sleep with one eye open, lock all doors, and tell people they don't make anywhere near as much as they do... is my only point. Of course, I've only met a couple at that level... they're surprisingly hard to find! lol.

- The New Guy

 

[vulture]

Quote from thenewguy:

Sorry, didn't mean to come across as bashing the article. It's great to see some young guys doing so well. And I suppose the title "30 traders under 30 who are doing very well" probably wouldn't sell as many copies... lol.

The few traders I've met who are much more profitable than the one mentioned sleep with one eye open, lock all doors, and tell people they don't make anywhere near as much as they do... is my only point. Of course, I've only met a couple at that level... they're surprisingly hard to find! lol.

- The New Guy

Cant tell if you are describing successful traders or guys making methamphetamines in their gutted shanty's...

 

[thenewguy]

Cant tell if you are describing successful traders or guys making methamphetamines in their gutted shanty's...

They act a lot more similar than I ever would have thought too....

- The New Guy

 

[murray t turtle]

Quote from Newatthis:

I have no doubt that everyone on this list is a good trader. I happen to know that the woman who wrote the article solicited various firms to nominate people for the article. Then, the trader had to agree to be profiled. This is not a scientific survey or even close to being accurate as to title. The title of the article should have been something like 30 good traders under 30.

I know of two traders personally who turned it down. Neither wanted the publicity. They did not want their earnings plastered and did not want the ensuing phone calls being solicited to come to the new firm that could offer lower rates. They also did not have an advertising agenda like Darren has with PairCo.

Whoever thinks $350,000 is not a lot is missing the point. There ARE many traders making more, but Don's point that this shows that there are plenty of traders making a living is a good one.

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Interesting news behind the news, Newatthis.

 

[MichaelJ]

That is amazing... I would have considered Nord Pool a more obscure exchange and thus tough to make money.

May I ask how you know these stats, given this trader doesn't give interviews?

Quote from kalinka:

A norwegian guy, Erik Aas, 32 years has the following
audited results in his onemancompany:

2004 18 million Usd.
2003 18 million Usd
2002 10 million Usd

He has earned the money by trading futures
on electrical power via Nord Pool, an exchange
for trading electrical power.
He refuses to give any comments to the press.

 

[Grob109]

Quote from vulture:

Not looking to start trouble here, but since my original question wasnt answered, I thought I would ask it again.

How does a "trader" know that he is going to make $350k for the year when we are barely into August, let alone whenever the magazine did the interview for this feature article.

Then I realized that Darren Clifford runs "PairCo" and charges $3500 for the seminars. If the magazine were to be honest, it would differentiate between what was actually made trading pairs and what was made conducting seminars. Let's face it, an individual earning a few hundred k a year from seminars could be catagorized into any other number of categories.

Are you familiar with dairy farming and herd analysis. They always know what happened the last 12 months.

Have you read anything on the maths of moving averages? Try thinking in terms of financial analysis for a brief moment.

 

[Grob109]

Quote from kalinka:

A norwegian guy, Erik Aas, 32 years has the following
audited results in his onemancompany:

2004 18 million Usd.
2003 18 million Usd
2002 10 million Usd

He has earned the money by trading futures
on electrical power via Nord Pool, an exchange
for trading electrical power.
He refuses to give any comments to the press.

thanks ...a little perspective never hurts.

 

[DTK]

A better question is why isn't he on "Elite" Trader?

Quote from MichaelJ:

That is amazing... I would have considered Nord Pool a more obscure exchange and thus tough to make money.

May I ask how you know these stats, given this trader doesn't give interviews?

Quote from kalinka:

A norwegian guy, Erik Aas, 32 years has the following
audited results in his onemancompany:

2004 18 million Usd.
2003 18 million Usd
2002 10 million Usd

He has earned the money by trading futures
on electrical power via Nord Pool, an exchange
for trading electrical power.
He refuses to give any comments to the press.

 

[just21]

Intersting to read the member list for nordpool, de shaw and tudor investments are on the us member list.

 

[syrre]

Quote from kalinka:

A norwegian guy, Erik Aas, 32 years has the following
audited results in his onemancompany:

His name is Einar, and he is 34 years old.

Quote from MichaelJ:

May I ask how you know these stats, given this trader doesn't give interviews?

This info for norwegian taxpayers is public, and you can search it on the web. It has become a popular sport in norway to check up what your neighbour is making a year. I think this is so stupid, because it is a private matter between each taxpayer and the tax office only, not the public.