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ElecEquity
Registered: Jan 2011
Posts: 542 |
02-09-12 05:49 AM
Quote from travelingtrader:
What are the largest fortunes ever made by INDEPENDENT traders?
By independent trader I am talking about someone that only trades their own money. Not someone that manages other people's money. Obviously lots of hedge fund managers and money managers have gotten very rich from trading but they were trading with other people's money.
Have any independent traders ever made $100 million, $250 million, half billion or even billion dollar fortunes just trading THEIR OWN money?
If so who are these independent traders and what are their stories?
I know a guy personally that ran $10k up to $50million (gave back a decent chunk after the bull ended) in the late '90's. Relatively famous guy in trading circles. Can't name names though. Also have been told stories about guys that traded back in that time of guys that stayed well below the radar and made tens of millions...funny that these guys kept a lot more than Zanger did after his 75% drop from his equity highs of $40 million...and they never seeked out the fame.
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hitnrun
Registered: Sep 2011
Posts: 514 |
02-09-12 07:31 AM
ElecEquity
sounds like db that went on to open his own fund
made about 50 million that one year
Are we talking about the same guy ?
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atticus
Registered: Mar 2007
Posts: 12635 |
02-09-12 12:12 PM
Quote from atticus:
No, jewish name. Also from INSEAD. The German worked for the guy with the hyphenated name. Hyphen guy left GS after making $80MM one year (more than Blankfein earned).
Correction, he worked under Driss Ben Brahim (Moroccan).
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Laissez Faire
Registered: Sep 2010
Posts: 4153 |
02-09-12 12:14 PM
I don`t have the exact number, but I think Marty Schwartz did fairly well for himself.
There are some numbers in his book PitBull, which I highly recommend, but I don`t have it at hand so I can`t reference it right now.
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volente_00
Registered: Nov 2002
Posts: 13711 |
02-09-12 01:45 PM
Quote from Laissez Faire:
I don`t have the exact number, but I think Marty Schwartz did fairly well for himself.
There are some numbers in his book PitBull, which I highly recommend, but I don`t have it at hand so I can`t reference it right now.
Think it was 50k to low 7 figures once he started trading spoos
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Bombardier
Registered: Sep 2011
Posts: 194 |
02-09-12 03:17 PM
Quote from noob_trad3r:
Anyone know the name of the Japanese guy that turned 800 dollars into 150 million?
I only know one Japanese trader of that dimension: Takeshi Kotegawa, nicknamed B-N-F (Japanese pronunciation for Victor Niederhoffer), or simply J-Com man for his coup in J-Com stocks. His starting capital was around $14,000 and turned it into roughly $150 million in 8 years time. With that capital he bought an entire office building in 2008 after noticing that his equity curve started to stale due to its size. Have not heard any news of him ever since.
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