$25 Million A Day

wackypete2 said:
The HFT/flash orders/front-running is risk free. thats the reason they are not losing. There are losses in prop trading, there are losses in market making, no losses in HFT.
Click to expand...

That's absolutely true.

They had a saying, get real, get big, to drive their prop traders performance that was always accordingly famously volatile, ie no smooth equity curve there lol !


"Goldman Sachs leads hedge fund stragglers

William Hutchings
07 Jan 2008

Goldman Sachs’ flagship Global Alpha fund recorded the biggest loss of almost any hedge fund last year as the industry struggled to match the double-digit returns of 2006.

The Global Alpha fund, which started last year with $10bn (€6.8bn), made an estimated loss of 39%, according to an investor in hedge funds, who has seen its initial results for December."

Continued...

There simply ain't no holy grail, period, only muttons waste their entire trading career chasing after that.

It's just a probability game is all.
 
timsk said:
What we all wanna do is to copy the guys 'n gels at GS who didn't have a single losing day in the first quarter of the year according to this article on Bloomberg.
Goldman Sachs Has First Quarter With No Trading Loss
Well, I guess they'll be needing every cent to help pay their legal expenses!
:p
Click to expand...



It's not that suprising, the money and technology that GS traders will have behind them can afford them the luxury of being able to iron out most moves under normal conditions.
 
BSD said:
Dunno quite what all the amazement is about...

one of their best and most profitable currency traders was a gal called Mei Ping Yan who traded off of 5 min charts and went looking for elliot waves (Paul Tudor Jones likes those too btw9) and had a hit rate of below 50%, which she made up for with great risk / reward ratios...

You had everything there from guys and gals just looking at the order book to people trading off of patterns, using bollinger bands, moving averages as trade filters, etc etc.

They understand the obvious, that trading is just a probability game, no more, no less.
Click to expand...

Spot on as always BSD.
 
BSD said:
Grasp that and you can eventually move on and start a fund to make really big money.
Click to expand...

That's if you're playing the "who has the most money in their account when they die" game. Otherwise you don't need that kind of money, unless you have a spouse with an insatiable appetite for consumer goods from Harrods.
 
superfund? 5$ up and 5$ down month by month, ROFL!

this guy is a loser
20020225,15.12,15.12,14.97,14.97
20020301,14.97,14.97,14.83,14.83
20020401,14.83,14.83,14.31,14.31
20020501,14.31,14.41,14.31,14.41
20020603,14.41,16.29,14.41,16.29
20020701,14.41,18.38,14.41,18.38
20020801,16.29,19.85,16.29,19.85
20020902,18.38,21.80,18.38,21.80
20021001,19.85,21.80,19.05,19.05
20021101,21.80,21.80,17.89,17.89
20021202,19.05,20.45,17.89,20.45
20030101,17.89,22.79,17.89,22.79
20030203,20.45,25.06,20.45,25.06
20030303,22.79,25.84,21.71,21.71
20030401,25.06,25.06,21.71,21.72
20030501,21.71,23.33,21.71,23.33
20030602,21.72,24.33,21.72,22.27
20030702,22.22,22.22,21.22,21.83
20030807,21.55,22.34,21.46,22.34
20030903,22.07,22.15,21.49,21.49
20031001,22.01,22.61,21.91,22.24
20031105,22.58,22.58,21.25,21.54
20031203,24.00,24.22,23.26,24.22
20040107,26.29,27.16,24.70,24.70
20040204,25.62,27.43,25.62,27.43
20040304,26.68,28.48,26.68,27.63
20040407,26.42,26.42,23.42,23.42
20040505,24.71,24.71,23.51,24.04
20040602,24.41,24.41,22.08,22.08
20040707,22.39,23.06,21.80,23.06
20040804,22.63,22.68,21.83,21.83
20040901,22.15,23.55,21.50,23.55
20041006,24.64,24.64,23.53,24.47
20041103,24.33,27.19,24.20,27.19
20041201,28.07,28.07,26.65,26.98
20050113,24.20,24.57,24.20,24.57
20050203,24.76,24.87,24.60,24.60
20050302,24.82,26.30,24.71,25.71
20050405,25.77,25.77,22.67,22.67
20050503,22.96,22.96,22.32,22.89
20050602,22.60,23.57,22.60,23.57
20050705,23.73,23.73,23.21,23.32
20050802,23.47,24.01,22.82,23.61
20050906,23.53,23.53,22.20,23.11
20051004,23.50,23.50,21.72,21.72
20051101,21.28,23.12,21.28,23.12
20051206,24.15,24.17,23.19,23.64
20060103,23.80,25.12,23.80,25.12
20060207,24.49,24.49,24.19,24.20
20060307,24.10,24.49,23.99,24.49
20060404,25.38,26.54,25.38,26.54
20060502,27.15,27.58,24.81,25.12
20060606,24.62,24.79,23.99,24.79
20060704,24.33,24.33,23.03,23.03
20060801,22.35,22.37,21.69,21.69
20060905,21.70,22.74,21.70,22.74
20061003,23.28,24.16,23.28,23.76
20061107,24.33,24.33,23.34,23.34
20061205,23.72,24.11,23.72,24.11
20070102,26.17,26.91,25.44,25.93
20070206,25.73,26.12,24.29,24.29
20070306,22.23,23.52,22.23,22.91
20070403,23.31,24.41,23.31,24.19
20070501,24.22,24.68,24.22,24.54
20070605,25.15,25.18,25.15,25.18
20070703,25.80,27.07,23.15,23.15
20070807,23.20,23.20,22.01,22.17
20070904,22.09,22.28,22.09,22.28
20071002,22.08,23.22,22.07,23.22
20071106,24.43,24.43,22.73,23.53
20071204,23.31,23.48,23.11,23.48
20080108,23.47,23.47,22.55,22.55
20080205,22.38,24.36,22.38,24.36
20080304,25.16,27.19,25.16,25.78
20080401,25.18,26.75,25.18,25.82
20080506,26.24,27.46,26.24,27.46
20080603,26.68,28.13,26.68,28.13
20080701,29.01,29.54,26.93,26.93
20080805,26.22,26.22,25.75,26.20
20080902,26.29,27.39,26.09,26.83
20081007,28.50,29.31,28.04,29.31
20081104,29.22,29.36,29.22,29.36
20081202,29.38,29.43,29.38,29.39
20090106,29.26,29.61,29.26,29.59
20090203,29.57,29.57,29.50,29.50
20090303,29.54,29.54,29.26,29.28
20090407,28.53,28.86,28.48,28.86
20090505,27.80,28.10,27.71,27.79
20090602,27.39,27.39,25.84,25.84
20090707,27.09,27.14,24.59,24.59
20090804,23.89,24.55,23.71,24.55
20090901,25.35,25.85,25.35,25.85
20091006,26.65,26.65,24.51,24.51
20091103,24.75,26.87,24.75,26.87
20091201,27.97,27.97,25.05,25.10
20100105,25.66,25.87,24.07,24.07
20100202,23.75,23.75,23.29,23.59
20100302,24.41,25.50,24.41,25.50
20100406,26.50,26.77,26.49,26.20
 
Re: superfund? 5$ up and 5$ down month by month, ROFL!

pssonice said:
this guy is a loser
20020225,15.12,15.12,14.97,14.97
20020301,14.97,14.97,14.83,14.83
20020401,14.83,14.83,14.31,14.31
..................
.........
...
20100105,25.66,25.87,24.07,24.07
20100202,23.75,23.75,23.29,23.59
20100302,24.41,25.50,24.41,25.50
20100406,26.50,26.77,26.49,26.20
Click to expand...

Okay...if you say so....:whistling
 
timsk said:
What we all wanna do is to copy the guys 'n gels at GS who didn't have a single losing day in the first quarter of the year according to this article on Bloomberg.
Goldman Sachs Has First Quarter With No Trading Loss
Well, I guess they'll be needing every cent to help pay their legal expenses!
:p
Click to expand...


Were they packaging toxic cdos and robbing pension funds?:mad:

Were they covering up massaging government debt?:devilish:

Were they packaging some ill advice for mbos?or dodgy structured products?:devilish:

Was it HFT?:devilish:

Was it advising Robert Maxwells?:devilish:

Illegal SIV'S on their books?:devilish:

or chmock was doing god's work hitting pension investors with day's highest price?:sleep:
 
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