FORUMS BROKERS SOFTWARE
Home
 
    Forums > Main > Trading > What are the largest fortunes ever made by INDEPENDENT traders?


Closed Thread
 
Thread Tools
Old Feb 7th, 2012, 02:20 PM   #19
atticus
 
 
Join Date: Mar 2007
Location: USA
Posts: 12,879
Quote:
Quote from gmst:

what was the guy's background - education, experience ? Did he use to work at an exotic desk in a bank before ? Your average hedgefund trader or even an average CTA trader can't arb exotics.
He didn't arb anything. I arbed Oanda for six-figures in 2008, and that was with $20k limits per SSN. I also closed Trinitas Capital's retail operation via arbs in SP500 component exotics. So it can be done.

He was making outright bets on knockouts. No arb. No hedge. Obviously as he became larger the scale required laying off the risk, but that didn't occur until he was already into 8-figures.

MBA from INSEAD. Worked for GS in London under the head of prop/structured products (guy with hyphenated name, can't recall).
 
Old Feb 7th, 2012, 02:23 PM   #20
noob_trad3r
 
 
Join Date: Nov 2008
Posts: 1,741
Anyone know the name of the Japanese guy that turned 800 dollars into 150 million?
 
Old Feb 7th, 2012, 02:30 PM   #21
gmst
 
 
Join Date: Jul 2011
Posts: 4,356
Quote:
Quote from atticus:

He didn't arb anything. I arbed Oanda for six-figures in 2008, and that was with $20k limits per SSN. I also closed Trinitas Capital's retail operation via arbs in SP500 component exotics. So it can be done.

He was making outright bets on knockouts. No arb. No hedge. Obviously as he became larger the scale required laying off the risk, but that didn't occur until he was already into 8-figures.

MBA from INSEAD. Worked for GS in London under the head of prop/structured products (guy with hyphenated name, can't recall).
Thank you very much. I don't think this trader's deeds have been documented yet in any trading book. But it is definitely one of the best I have heard.
 
Old Feb 7th, 2012, 02:38 PM   #22
atticus
 
 
Join Date: Mar 2007
Location: USA
Posts: 12,879
Quote:
Quote from gmst:

Thank you very much. I don't think this trader's deeds have been documented yet in any trading book. But it is definitely one of the best I have heard.
I haven't talked to him in years, and I am sure he would be ticked to know I am discussing his exploits, but I've not really given anything away. Still lives in the same region in Germany where he was born and raised.

I know he had a ~$500MM fund at some point, but I think he retired from managing OPM. Very traditional family guy.
 
Old Feb 7th, 2012, 02:39 PM   #23
kinggyppo
 
 
Join Date: May 2006
Posts: 6,108
Quote:
Quote from atticus:

He didn't arb anything. I arbed Oanda for six-figures in 2008, and that was with $20k limits per SSN. I also closed Trinitas Capital's retail operation via arbs in SP500 component exotics. So it can be done.

He was making outright bets on knockouts. No arb. No hedge. Obviously as he became larger the scale required laying off the risk, but that didn't occur until he was already into 8-figures.

MBA from INSEAD. Worked for GS in London under the head of prop/structured products (guy with hyphenated name, can't recall).
did Oanda issue you a 1099 for that LOL!
 
Old Feb 7th, 2012, 02:42 PM   #24
atticus
 
 
Join Date: Mar 2007
Location: USA
Posts: 12,879
Quote:
Quote from kinggyppo:

did Oanda issue you a 1099 for that LOL!
I got a 1099 for swap proceeds.
 
 
Closed Thread
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
Alpha 7 Trading Academy
Proprietary Trading Education
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider