5 Traders Worth Studying -
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thread: 5 Traders Worth Studying

  1. #21
    Junior Member jokiserra0's Avatar
    20
    Hi Vegas,

    If you are reading this thread, please clarify what u said above. [...] What's their game plan like ?
    Vegas, if off the top of the head you understand of those examples transactions that made them these huges successes? Can it be the method of trades? Or 1 or two HUGE transactions they mastered, and the rest is history?

    Interesting post. What are some of the bond arb?

  2. #22
    Junior Member jokiserra0's Avatar
    20
    Kovner includes some very high level authorities eduion, he had been getting his PhD from Harvard until he left. He is supposed to be very brilliant. He deals very long term from principles. The probability that you're going to have the ability to trade like Kovner are nearly nil, so don't try. You require enormous tools and a knowledge base that you simply don't need.

    That is what Vegas is talking about. These men trade in an entirely different level because of the resources at their disposal. They're able to do things like break central banks, swing markets, and also do huge amounts of fundamental research. Additionally, at that stage you can't just execute a transaction and leap into a position, they need to do their entries and exits differently.

    E.g., Kovner bought a few oil tankers to find out how oil moves through shipping routes. Who can do that kind of stuff? Not I or you, however, a billionaire hedge fund manager may.
    I don't disagree, but I must wonder about these huge tools and knowledge base you point out. I read marketplace wizards and a lot of it was only common sense transactions from information that was available in regular newspapers and transparent advice. Alright, once your at the majors you probably have access to prettier charts, better spreads, able to juice swaps, forwards and exotics ad infinitum, so emphasise your at a different degree, but the game hasn't changed, has it?

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