Nor does it include a plan to formulate a coherent sentence, either?
What are the largest fortunes ever made by INDEPENDENT traders?
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Nor does it include a plan to formulate a coherent sentence, either?
I will also add that in the same period of time that your covestor account has lost money, I have almost doubled my little $2000 account to $3723. Account opened Nov. 1st, 2011. That's 3.5 months. You can add a minimum of $180 to that given my current XAU/USD trade is still pending, but the trailing stop guarantees $180 minimum minus slippage. At that rate I should hit 1 million pretty quickly!
Try just staring at one thing for 6 months. After a while you start to just "feel" how it trades. Sorry if that sounds a little too touchy feely for you.
No indicators. Just candle sticks and a moving average. 1 min/5 min/1hour/1 day charts.
For many years it was rumored that Jeffry Picower was Goldman's largest individual client and that his trading skill left them with their mouth hanging open in amazement. His widow forked out over seven billion last year in a claw back settlement with the Madoff Trustee where Picower was clearly an integral part (in many ways a partner) in Madoff's scheme.
Leaving aside that segment of the fortune that was tainted by illegal activity the man's reputation as a trader was that of a near psychic and I doubt the guys at Goldman are easy to impress.
Leaving aside that segment of the fortune that was tainted by illegal activity the man's reputation as a trader was that of a near psychic and I doubt the guys at Goldman are easy to impress.
Pfft. Anyone who got into bed with Madoff isn't worthy of ANY respect. If he was that great he wouldn't have needed to get involved in a Ponzi scheme to steal innocent peoples' money.
Any why wouldn't Goldman Sachs or any other bank be easy to impress? Do they have ANY great traders these days at all? They just go long on the simple premise that the market goes up 80% of the time and look like superstars for 4 years until they do the same in the bearish 5th year and lose 10 times more than they accumulated in the previous 4 years. Mind you, if your working on an ANNUAL BONUS BASIS, the trader still ends up pretty rich having pocketed 4 years of bonuses even though overall he LOST THE BANK MONEY.
I didn't know trading talent immunized anyone from being greedy scum. I have been told by someone from GS that the man was virtually psychic when it came to trading and that Goldman did not have even a single client that was even close in ability.
Your analysis of Goldman's business model might be a bit simplistic. And yes, they do have at least a few talented traders.
Respect? Maybe Albert Schweitzer
Your analysis of Goldman's business model might be a bit simplistic. And yes, they do have at least a few talented traders.
Respect? Maybe Albert Schweitzer
Isn't that the cover up spin? The Goldman letter saying he was self directed and held AAPL shares was signed by a very junior VP.
seem to remember public records showed that he was associated with a failed USD50-100m biotech company and not much else.
It seems unclear how Picower made his money other than disproportionate disbursements from Madoff.
Yes, but that's how these bear focused models work. They get it right when the crash happens, but get it wrong the other 80% of the time. Lol. Just teasing you, Beau.
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