I'm just interested to know what aspects does this system works on to win in the market so successfully. Eg: Paul Rotter scalps so well to make millions. Not sure what you mean by "you think this is how it works". ?_? Surely I'm not naive to expect anyone here would be so nice to give the public the secrets or step-by-step guides to get rich. Otherwise the person may be "barking up the wrong tree" too. I'm not even asking about that.
http://www.businessweek.com/magazine/content/03_29/b3842001_mz001.htm http://en.wikipedia.org/wiki/Steven_A._Cohen Him? Is he a daytrader?
Steve is a whole different animal..He is the premier trader of infomational flow....When I was at A major investment bank and he was just starting out,he was the 3rd highest commision customer at the firm.he is the best at "informational arbitrage" To put it in perspective he was up there with the Fidelitys of the world
just curious, what do you hope to gain from asking all these questions, if not to learn exactly how a super trader trades?
I believe alot of what Steve Cohen does is done intraday. He was featured in the Market Wizards book where he mentions this. If this is true then he is most definitely the greatest daytrader out there regardless of whether he uses informational flow or whatever method. This guy is the 93rd wealthiest American estimated to be worh 2.5 billion.
Like you. Kill my curiosity. Just see what aspect the system specialises in to make such a killing, and how great the system performs. "$20k/day" alone can't judge well. Anyway, we couldn't expect there's any slightest chance to learn from the super auto-trader, could we?