Inject? I was the first one to respond to OP you asswipe. What value did you add? The thread was about brokers and I criticized BS stories about Florida. I named a broker and backed up my rational. What value did you add? Exactly....none. So , anyone else who finds you anything but hypocritical?
Did he sue the bank and get his money back? I heard of them "Reverse Engineering Top Traders" to mimic successful systems only to have them dry up too. Money has the best way of bringing out the worst in greedy or desperate people, thank you everyone for posting great stories, newbies need to be aware people watch their success methods!
This bullshit happens all the time. People in this industry are the most amoral fucking bastards you've ever seen...it is just a matter of degree. I believe all of it because I've seen it. Anybody who trades prop knows that your trades are being actively observed. It's free money for fuck's sake! If there is a way to mask your strategy, better do it. What the hell are you going to do? Sue your broker for intellectual property theft? Try winning that game.
Herzog-Heine was a Market Maker so I knew some of their traders there, they were cool. They made good money trading for HRZG on the LL2 screen, do you remember trading against them with small to medium stocks? They got bought out in the late 1990s or early 2000s like SPLK did. Nice, I heard Florida has lots of nasties out there, the hot weather or mugginess make's them mug their clients? Florida has a bad reputation for Traders, Bucket-shops, Boiler-rooms and Pill Mills for Oxycontin, strange how all this does not get cleaned up.
https://twitter.com/_FloridaMan?ref_src=twsrc^google|twcamp^serp|twgr^author Read it and weep. Florida is the armpit of America. Just kidding. It ain't Florida. It's the whole damn industry.
"The second: Just because there would be a lawsuit doesn't mean that you would have heard about it or that the story isn't true. It was litigated - I'm not going to identify the parties in public, but make it worth my while and I'll get you either a copy of the court papers or confirmation from the attorney acting for the guy who did the bad trade with the bank." Please tell me the Billionaire's Son was made whole and did not get screwed in legal costs, thank's for a great story, I have read trading books describing "position transfers" of a unethical nature, your story sounds very real. Look what Goldman Sachs did to those giant Pension Funds "CALPERs", Ill State Fund" and "New Jersey and New York's' Public Employees funds. For those who might not remember, Goldman had clients that wanted to trade against the Subprime Packaged Securities, nobody would take the trade. Then they repackaged it as some "MBS Income Producing" scheme that was bound to go to $0. That's historical, they settled for Billions so how much did they make? Thank you again!
Yea I believe it wad John Paulson who was begging Goldman for more counter parties to put on more size on the trade. He made 500% or so on that trade, I think to the tune of of 5 or so billion dollars. Probably one of the best trades ever executed might I add.
Haven't seen Jeff post here for well over a year. He's probably doing something more productive like surfing instead. I still enjoy reading his occasional contributions to Daily Speculations though. Ignore the great unwashed. Doubters gotta doubt.
You are so full of yourself that you probably only read your own postings. I posted 2 times in this thread just after you. But as you don't read anything but your own postings you even didn't notice that. About your agressive language: it tells a lot about your education. Or rather about the lack of any education.