Who is the most successful trader YOU personally know?

[MarkBrown]

there was a story of how soros' quantum fund lost $60m in s&p futures in the week of the 1987 crash, when they tried shorting but their broker + 100 other floor traders reportedly colluded against them...i guess it was a crazier time

we had the same positions niederhoffer had when they broke him in 97 the margin when ballistic our principles owned their own bank and covered the margin call, then added to the position on the bounce. it was heady times in the pit days, heft and connections ruled your fills.

if you were big enough you could call and get your fills changed, they would call you back and make it right. as a individual i also experienced the other side of that getting a call that the fill i thought i had was much worst than reported earlier. ny was notorious for these antics.

 

[ajacobson]

Blair Hull and Ken Griffen, but then again everybody in this city knows them.
Dmitry Balyasny, but not as well.

 

[Visaria]

there was a story of how soros' quantum fund lost $60m in s&p futures in the week of the 1987 crash, when they tried shorting but their broker + 100 other floor traders reportedly colluded against them...i guess it was a crazier time

LOL, Soros lost $800m, not a paltry $60m. He subsequently sued Shearson Lehman the broker..they settled out of court.

 

[pinetboltz]

LOL, Soros lost $800m, not a paltry $60m. He subsequently sued Shearson Lehman the broker..they settled out of court.

pls explain?

$60m figure is corroborated by NY Times and Chicago Tribune:

https://www.nytimes.com/1989/10/25/business/soros-sues-shearson.html

http://www.chicagotribune.com/news/ct-xpm-1989-10-24-8901240856-story.html

 

[Visaria]

Therefore, it came as no surprise to his friends that he took his losses in the stock market in the last two weeks philosophically, all $800 million worth.

https://www.nytimes.com/1987/10/28/business/market-turmoil-a-mutual-fund-wizard-s-hard-fall.html

 

[Visaria]

I'm guessing he sued Shearson for $60m.

 

[qxr1011]

trading is extremely personal enterprise

so the only trader each of us personally knows is only himself, however successful (or not) we are

everything else about anybody else are just assumptions, opinions, hearsay, legends, etc, etc

so my answer your question is simple

===Who is the most successful trader YOU personally know?===

I am.

 

[qlai]

trade conservative aggressive.

Could you please elaborate? Sounds conradictory.

 

[Handle123]

Could you please elaborate? Sounds conradictory.

My style of trading is not for those who have weak hearts, long term commodities system waits of percentages of 9 year range to be achieved, and go other way and hedge, if I put on normal hedge of future losses to proper amount of options is conservative but if I put on more options expecting to have losses on futures to have eventual gain on the options, this is more aggressive. So it comes down to fully knowing more stats, mean losses in a row before possibilities of profitable trades occur.

It is like I use to count cards in Blackjack up to two deck shoe, if I knew many face cards left in deck and dealer showing a hard 16 and I have pair of anything, I would split and double down my bets. It is just knowing the probabilities, does not mean the outcome will be 100% favorable.

 

[qlai]

My style of trading is not for those who have weak hearts

Is it because you are willing to let it go against you a significant amount prior to putting on sufficient hedging?