True Legendary Trading Stories

in early 2000, there was this russian who stood in the 30yr option pit at the cbot, he was a chess master and diamond guy who lived on the north shore of chicago.....

He was also a arrogant annd mean bastard who was no fun to stand close to ... Needless to say, It just broke my heart to see him miss his delta on 3k ITM calls he sold, then to watch the bonds rally about 2 points too bad the dumbass(not so smart now) just couldnt bite the bullett and take the loss,, instead he blew out that afternoon
 
A Russian in the bond options pit??.........was it "RWA", "MWD" or a guy named Gene. His acronym was "G-something-something"? I wonder where are they now?
 
Quote from Reitberg:

I richest trader that I know made all of his money when he went short in the summer of 1985, he bought calls to hedge himself. He had a synthetic put on the market. As you know the market kept on rallying.

He was short from 1985 to 1987, and nobody could shake him out of his short...

He had $5M in a B/D and he just kept on shorting stocks and buying calls for 2 years.

When we crashed, he was worth over $30 Million in 2 days. That is an awesome story, and it shows that his discipline paid off big time.
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Interesting stories all, but this guy, his book I would pay big money to read. To be able to go against the grain and trade well with such conviction is the stuff of an immortal trader.
 
Quote from Reitberg:

I richest trader that I know made all of his money when he went short in the summer of 1985, he bought calls to hedge himself. He had a synthetic put on the market. As you know the market kept on rallying.

He was short from 1985 to 1987, and nobody could shake him out of his short...

He had $5M in a B/D and he just kept on shorting stocks and buying calls for 2 years.

When we crashed, he was worth over $30 Million in 2 days. That is an awesome story, and it shows that his discipline paid off big time.
More...


Interesting stories all, but this guy, his book I would pay big money to read. To be able to go against the grain and trade well with such conviction is the stuff of an immortal trader.
 
One of my guys a fantastic trader up till then managed to lose over 200 million in the S&P in the space of a few months. It was 99 I think and he was short the spoo and kept me selling I must have sold 6-7k of the big contract around the high 800's. people say you couldnt do size yet it was no prob to sell 500-1000 to the locals in a clip those boys had some size on them.
 
Saw a guy in the SPI in pit Sydney neck an ectasy tab an hour before a big number and stood in the middle of the pit with his sun glasses on till they carried him out
 
Quote from Bogan7:

Saw a guy in the SPI in pit Sydney neck an ectasy tab an hour before a big number and stood in the middle of the pit with his sun glasses on till they carried him out
More...

ROFLMFAO>>>>> :D
 
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