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5 Traders Worth Studying

  • #21
  • Apr 1, 2006 5:22am Apr 1, 2006 5:22am
Quoting compro99
Hi Vegas,

If you are reading this thread, please clarify what u said above. [...] What is their game plan like ?
Vegas, if off the top of the head you know of the examples trades that made them such huges successes? Was it the method of daily trades? Or just 1 or 2 HUGE trades they mastered, and the rest is history?

Fascinating post. What are some of the bond arb plays that one fella did?
Profitsee - Knowing the future is not enough.
  • #22
  • Last Post: Apr 1, 2006 5:36am Apr 1, 2006 5:36am
Quoting Far From Average
Kovner has some very high level government education, he was getting his PhD from Harvard before he left. He's supposed to be extremely brilliant. He trades very long term from fundamentals. The chances that you'll be able to trade like Kovner are almost nil, so don't try. You need massive resources and a knowledge base that you just don't have.

That's what Vegas is talking about. These guys trade at an entirely different level because of the resources at their disposal. They can do things like break central banks, swing markets, and do huge amounts of fundamental research. Also, at that stage you can't just execute a trade and jump into a position, they have to do their entries and exits differently.

E.g., Kovner bought a few oil tankers to discover how oil moves through shipping routes. Who can do that type of stuff? Not you or I, but a billionaire hedge fund manager can.
I don't disagree, but I have to wonder about these "massive resources" and "knowledge base" you point out. I read market wizards and a lot of it was just common sense trades from news that was available in regular newspapers and transparent information. Okay, once your in the majors you probably have access to prettier charts, better spreads, able to juice swaps, forwards and exotics ad infinitum, so yeah your at a different level, but the game hasn't changed, has it?
Profitsee - Knowing the future is not enough.
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