What do you think about that??

J

jordi742

I was reading the book Flash Crash: A Trading Savant, a Global Manhunt and the Most Mysterious Market Crash in History by Liam Vaughan, ( it's a fascinating story about NAV SARAO ) and I was wondering if this text is real because it says NAV had a 200 fdax position, equal to a $15million, but at that time ( january 2008) fdax was trading between 7400-8000 points. So a 200 position would be $37-40million.

What do you think? I know it's a silly question, but maybe the author was confused and nav shorted 100 rather than 200.

Thanks
 

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Interesting how Nav being a scalper by day on the ES, was holding up to 200 DAX contracts overnight - dang, he had to have been using a hard stop loss.
 
Last edited:
SunTrader said:
Read the book. I did. He often flew "by the seat of his pants" so to speak.
More...

and what do you think about the "massive" trade he did in the s&p500?? I mean, he built a position of +2000 lots and made almost $15million. What about the margin??
 
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