https://www.tradestocksandforex.com/lawrie-inman-trader-profile/ https://www.thegazette.co.uk/notice/3808985 Easy come, easy go...
Oof... I find it hard to want to be "proved right" rather "am I in sync with the market". Maybe means the same thing, but the latter allows for me to be wrong.
The year 2015 was Laurie Inman’s year of fame. He featured in various newspapers as the 25-year-old city trader who earned £1 million a year. He is a stereotypical trader of his era. Rarely does he wear a suit, he mostly prefers to wear jeans and a t-shirt. His badge of honour is a Porsche, which of course goes with the territory. Today Lawrie Inman has recently turned 36. He came from Camberley in Surrey and graduated from Swansea University in Business in 2011... How the fuck is this guy aging almost 2 years per year?
But, somehow to the topic, the funniest guy I know used to trade the bunds on LIFFE floor back in the day (I myself are not that old, so I didn't do it, this guy I know used to), he is selling data racks for a hosting solution company after blowing up.
%% Exactly; that oversize ego is like playing russian roulette\ thrilling ,but an accident waiting to happen. Like the WMA trader noted, that age math doesn't add up. Most likely he had good work habits \could be why Tudor Capital UK hired him, for a few years. Typical news article, plenty,plenty of errors in it. He likes fast cars, ok; but IBKR founder likes to ride a horse
Trans too huh? Laurie became Lawrie. And shouldn't topic be titled Former Millionaire Trader Bankrupt
Trader has an edge that works really well for the market conditions of the time and prints money using leverage. Edge diminishes or market conditions change. But trader still seeks the thrill of making big money. It is too addictive. Using leverage without an edge, bad things will eventually happen. For certain people, me included, nothing else in life comes close to the thrill of making large sums of money using leverage.
Well according to the court document, he's actually 40. The article must be from 4 years ago. And it's very discreet of them to publish his address to the whole wide world to see. Don't know where he lives now but at the time when that court document was published, his house looked nice too.
According to the article, his edge was understanding the "codes" that the central bankers use to describe their monetary decisions. LOL I guess they changed the codes or he didn't realize that the market many times reacts differently even to the same codes? Basically it was really betting on the Russian roulette with no hedging. You can be a multi-millionaire playing the casinos too. The thing is how much you get to keep at the end of the day. That's what counts.
,,Inman said that central banks talk to the markets in code. Certain words indicate whether they are going to increase interest rates. One of these code words is “Vigilance” " Hmnnn. Reminds me of those talks from gamblers, where they would listen next to the machine, how softly coin falls in & if it happens to be that specific sound (you need a skill for that), a machine is full & ready to give a jackpot. There could be a whole book about such theories.