How Millionaire Bankers Actually Work

Discussion in 'Trading' started by SunTrader, Aug 17, 2024.

  1. 2rosy

    2rosy

    My first interview out of school , the guy said yeah we will piggyback larger clients. Wow
     
    #11     Aug 17, 2024
    Sekiyo likes this.
  2. Real Money

    Real Money

    He said he was doing close to a trillion notional PER DAY in overnight financing (repo, swap, basis, whatever). Killed it on Fukushima, and almost blew out on franks. It's an interesting story.
     
    #12     Aug 17, 2024
    Sekiyo likes this.
  3. schizo

    schizo

    FYI all the details are in his book.

    upload_2024-8-17_18-19-21.png
     
    #13     Aug 17, 2024
  4. spkx

    spkx

    Have you read it? Any good?
     
    #14     Aug 17, 2024
  5. spkx

    spkx

    That was very interesting. Hell of a world for a kid from east London to be thrust into at such an early age.
    I hadn't heard of this guy until today.
     
    Last edited by a moderator: Aug 18, 2024
    #15     Aug 18, 2024
    SunTrader likes this.
  6. tony.m

    tony.m

    You are the best FX trader one day and then you stop trading. 6 years later you start trading again and you buy gold ?

    After Citi, he went into depression for 6 years.
     
    #16     Aug 18, 2024
    Akuma to Shin Tenshi likes this.
  7. tony.m

    tony.m

    #17     Aug 18, 2024
  8. spkx

    spkx

    Always good to hear / res the other side. Cheers.
     
    #18     Aug 18, 2024
    tony.m likes this.
  9. I have never been a professional trader but I have worked in that area for about 5 years, where traders were around. Canary Wharf is full of contractors from all nationalities and backgrounds and many of us work developing systems for financial services. We get to see who is a genius.

    I don't believe that guy is a genius. He sounds like many chavs you see in London, arrogant, cocky and certainly not very bright.

    I went to his channel and watched about 10 of his videos. He can't wait to tell everyone that he is the man. On every single video he points out that he was the best.

    As others have said, he had access to better prices and acted like a market maker for his clients. Like many other hundreds that work in that area. Front running people that are obliged to go through you is not a skill. It is a system set up by banks. There's no skill in that.
     
    #19     Aug 18, 2024
  10. tony.m

    tony.m

    Just like some paper traders on ET. :D
     
    #20     Aug 18, 2024
    ironchef and Drawdown Addict like this.