This page has been archived and commenting is disabled.
From A Trader's Diary...
Ever wonder what a page in the daily diary of a "sophisticated" institutional trader looks like? Wonder no more. This is currently making the rounds...
Dear Diary:
- 7.00 – 8.00 Mkt rallies on Chinese Buying Italian Bonds – But they were’nt!
- 8.00 – 9.00 Mkt Crashes as Greek Electricity/Tax Office Strikes & therefore default looms.
- 9.00 – 11.00 Mkt moves sideways to down as BNP in WSJ says that nobody will lend them $’s and nobody likes them. – But then they deny it!
- 11.30 – 12.30 Mkt rallies like crazy because Sarko & Merkel to make an announcement – except nobody knows what that the annoucment is for.
- 12.40 – 12.50 Mkt Crashes because they’re not going to make announcement
- 12.56 Figure out how to explain to a child that ‘yes dear, there’s a lot of clever people who think very hard & make very bright decisions in the stock market business!
h/t zeropower
»
- 20903 reads
- Printer-friendly version
- Send to friend
- advertisements -
Lol! Welcome to the rubicon!
Rubicon? this is a minefield !
More like a semi-controlled Jungle landing without a clearing in sight.
"Is that anti-air-artillery down there alongside that strip? Are you sure we should land there? Those guys look pretty mean and what are those flashes? Um, it looks like they're throwing baseballs at us.. Wait, what was that?!"
There's nothing like tea-bagging a hot LZ
To me, a hot LZ is 36-24-26. :)
$300 million cable to speed London-New York trades
September 13, 2011, 9:10 AM
A $300 million underwater cable is being laid between London and New York to speed up financial transactions by 6 milliseconds, or about 10%, the Telegraph reports.
It’s the first such cable since the dot-com boom.
Privately-held Hibernia Atlantic expects to sell high-speed bandwidth on the cable to hedge funds, foreign exchange traders and other trading firms once it’s completed in 2013.
By some estimates, each millisecond saved can boost hedge fund’s annual bottom line by $100 million.
The 3,741 mile cable attempts to follow the great circle route between the two cities as closely as possible.
-Tom Bemis
http://blogs.marketwatch.com/thetell/2011/09/13/300-million-cable-to-spe...
$300 million may be a lot of money to average day traders, but trust me its nothing to the pros. The reason some people are such successful traders is that they aren't afraid to think big.
Theyll be thinking 'big losses' real soon, and this time they wont be saved when they cry and throw their tantrums to be rescued again...not this time!
Quote: this time they wont be saved Unquote
I'll bet you're wrong....
No one has to be responsible and take their consequences anymore. Everyone gets rescued...especiall those who screw everyone else.
That's funny sheepdog; put the bottle down and get some sleep.
Idiot Savant - that's like a Bubba Savant except with most of their own teeth.
Its just daily noise now, the new 'normal'.
Hello Traders, goodbye Investors.
Welcome to the Con - Rube!
Patrick Bateman: I live in the American Gardens Building on W. 81st Street on the 11th floor. My name is Patrick Bateman. I'm 27 years old. I believe in taking care of myself and a balanced diet and rigorous exercise routine. In the morning if my face is a little puffy I'll put on an ice pack while doing stomach crunches. I can do 1000 now. After I remove the ice pack I use a deep pore cleanser lotion. In the shower I use a water activated gel cleanser, then a honey almond body scrub, and on the face an exfoliating gel scrub. Then I apply an herb-mint facial mask which I leave on for 10 minutes while I prepare the rest of my routine. I always use an after shave lotion with little or no alcohol, because alcohol dries your face out and makes you look older. Then moisturizer, then an anti-aging eye balm followed by a final moisturizing protective lotion.
Do you like Phil Collins? I've been a big Genesis fan ever since the release of their 1980 album, Duke. Before that, I really didn't understand any of their work. Too artsy, too intellectual. It was on Duke where Phil Collins' presence became more apparent. I think Invisible Touch was the group's undisputed masterpiece. It's an epic meditation on intangibility. At the same time, it deepens and enriches the meaning of the preceding three albums. Christy, take off your robe.
order me a j&b and a bellini be right back im going to the men's room.
WALLST - I'm sure glad you are being sarcastic there. I thought for one disturbing moment you were actually being serious.
I was being SUPERCERIAL! LOL
"I have to return some videotapes."
I must be the only one who doesn't get the joke. Why does this link to Christian Bale's IMDB page? Must be an inside joke among the conspiracy theorists...
brad easton ellis american psycho book better than movie, yeah we conspiracy theorists like to read, idiot.
Oh, NOW I get it. A pop culture reference to some piece of pulp-fiction "literature" and its Hollywood adaptation. So you're demonstrating your superiority by recognizing a quote from the movie. Got it. Jackass.
"Call me Ishmael." (or Wooden Bender!)
i have to return some videotapes.
“I'm resourceful,” Price is saying. “I'm creative, I'm young, unscrupulous, highly motivated, highly skilled. In essence what I'm saying is that society cannot afford to lose me. I'm an asset.” Price calms down, continues to stare out the cab's dirty window, probably at the word FEAR sprayed in red graffiti on the side of a McDonald's on Fourth and Seventh. “I mean the fact remains that no one gives a shit about their work, everybody hates their job, I hate my job, you've told me you hate yours. What do I do? Go back to Los Angeles? Not an alternative. I didn't transfer from UCLA to Stanford to put up with this. I mean am I alone in thinking we're not making enough money?”
I love my job. I used to make a modest living at it. Now the only way to keep from going under is to figure out what is true vs. utter bullshit in the financial and political arenas.
but isnt that interesting in itself and how are you dealing with that technically? it seems like sort of a progression if not evolution in sociodynamics. what i'm saying is thati think youre experiencing the rebalancing of the quantitative with the qualitative. what do you think?
This ain't the Rubicon. This is the Styx.
Trading decisions solely based on.... rumors :)
Buy the rumor? Sell the rumor. Fuck it, just sell.
Welcome to the world of machines, for machines and by machines. We messy humans will soon be reduced to technicians and street sweepers. You know..........the (machine) service culture.
Opps, looks like we already are.
As a machine fixing slave all of my working life, I resemble that statement! Sadly, though, the machines do not show me any love in return. I would go on strike to protest, but I don't want them to begin to view me as fuel.
Machine # 1: malikai seems to be malfunctioning again.
Machine # 2: Third time this month and only half way through.
Machine # 1: Shall we grind his bones to make our bread?
Machine # 2: Too much gristle. Feed him to the lions instead.
"What's wrong with it?"
"I don't know."
"Well, then."
"I just want you to look at it, is all, or call a psychologist in to
look at it."
"What would a psychologist want with a nursery?"
"You know very well what he'd want." His wife paused in the middle of
the kitchen and watched the stove busy humming to itself, making supper for
four.
"It's just that the nursery is different now than it was."
"All right, let's have a look."
Ghosts with Shit Jobs
http://www.youtube.com/watch?v=4pdedSOmnSI&feature=player_embedded
The Careless Whisper Morning Report
Zambia Uses Chinese Renminbi In Day To Day Transactions
http://mg.co.za/article/2011-09-09-the-rise-and-of-china-in-zambia/
German Minister Says Facebook Threatens Data Privacy; Urges Avoidance
http://www.spiegel.de/international/germany/0,1518,785712,00.html
Chase Official On "Chase Burning" Painting; "It's Scary"
http://www.latimes.com/news/local/la-me-bankburn-painting-20110913,0,686...
Manny Ramirez Arrested For Bitch Slapping Wife; He Says It Was A Swing And A Miss
http://www.miamiherald.com/2011/09/12/2403940/retired-baseball-superstar...
Last Nites Debate In 100 Seconds
http://www.youtube.com/watch?v=yEwt2x2rF1g
9/11 Conspiracy In 4 Minutes
http://www.youtube.com/watch?v=yuC_4mGTs98
Banksters not too keen on paintings of banks burning? Well, they should be worried, people are beating the elites guards in the streets as we speak!
Chile - Rioting Injures 50 - Mostly Police Injured - YouTube
+1
This video made my day! Hope to see some similar activity all over Europe too.
that's just manny being manny
Careless Whisper
Hasn't China pumped a lot of money into Africa? And where that money is aren't there very large communities of Chinese who seem to be very insular. It comes as no surprise that Zambia has adopted the currency of a principle investor who also just happens to be colonizing, to some extent, wherever they invest.
Alex Shaefer should work on some personal portraiture. I'd bid.
The Burning Moynihan.
Lloyd on Fire.
Jamie Flame-on.
How about something surreal, like "The Bernank's Melting Printing Press?" :>D
"9/11 Conspiracy In 4 Minutes" is excellent.
Thanks for the link.
"Chase Burning" is nice, but the artist made a mistake choosing oil as his medium. His vision would be conveyed much better as performance art.
Sheesh! Just post a list of the times and headlines on ZeroHedge if you want a roadmap of market Schizophrenia.
The markets were not designed to be a Casino, they were designed for INVESTMENTS. Of course, Investments with the help of the computer are now limited to 5 seconds in and out. I would prefer all traders get the hell out, along with this corrupt government (GovtSacks) and let the markets seek their own level on P/E earnings and real, not artificial government induced growth and manipulation.
What are you talking about?
Casinos are Investments Sheeeesh!
He left out the stock slide on Zerodamus speech?
Heres what the banksters see, their guards getting their asses beat in street riots. This time in Chile.
Chile - Rioting Injures 50 - Mostly Police Injured - YouTube
Nothing to do with product pricing.. this is just a big zoo.
how can anyone make a living in this environment? unless you are insider ?
and now you understand
German Minister Says Facebook Threatens Data Privacy; Urges Avoidance
not to mention its great for starting / organizing riots!
We should all give WS a huge colonoscopy, eh?!
Pls use a hairbrush for their impending colonoscopy
13:00 Get some Ravioli!
It's not a market. It's where dumb money goes to die.
Fundamentals at some point matter.
Hey,,i resemble that remark....lol
But of course. HFT-algos need High frequency headlines. And remember folks, it adds liquidity and hence stability and price "discovery" to the market. You may say Amen now.
http://www.telegraph.co.uk/technology/news/8753784/The-300m-cable-that-will-save-traders-milliseconds.html
"Of course, verifiable figures are elusive and estimates vary wildly, but it is claimed that a one millisecond advantage could be worth up to $100m (£63m) a year to the bottom line of a large hedge fund."
All of this up and down, rumors, innuendo is simply cover. We will all wake up one of these days and find that the end has occurred while we slept...the direction is down and even this market will get tired of the gyrations and simply want to clean out...the longer we levitate the worse it will be
Ponzi in full effect. Now that the false catalyst for yesteday's up tourist move in equity markets has been repealed, the Roach Motel [SPY] is actually up.
Makes perfect sense. I'm sure capital is forming and preparing to invest in the Ponzified US equity market. Our future is soooo bright as ALL credibility lies dying in the street.
News Flash....the BlowHorn [CNBC]...cheerleader Jim Cramer:
"Gold is still kinda important."
But Cramer missed the memo that he's now irrelevant.
And yet COMCAST chose to put him in the late Mark Haines slot. Did they somehow forget to look at Cramer's ratings before they made this decision, or are they having a problem getting anyone to fill positions?
Mystery to me...
I am certain some producer made a convincing pitch to just have the E-trade baby make stock pics all day long.
More entertaining than Cramer by far. I am sure that management found that to be too blatant an admission that the only reason they are on the channel line up is to sell add space to retial trading firms.
It doesn't matter one iota what you're selling, as long as someone is buying...
And in the best of all worlds, matching a desperate seller with a desperate buyer. Like a dream come true.
So was it chow mein or spaghetti for lunch?
If theres ever time for lunch... quick pizza or sandwich. Chow mein def 2nd on list
Deep bow, TY
A bigga ponzi pie, thick crust with extra sauce - to go...
Dow was down yesterday what, 180pts? Before the China rumor, then ramped all the way to +68, now nothing but the dispelling of the rumor has changed, yet the markets hold the ramp? WTF?
Yes, while people tell me the S&P will be at >900 before Bernank drops QE3, funny that they wont allow any drop and go all-in pumping clinging to DOW 11,000.
Seems to me if those 'in the club' knew this huge QE3 free money for equities was coming, they'd all just go short and take the week off.
But instead theyre sweating any drop even placing stupid rumors to cover their pumping, only way it makes sense is if QE3 is a faceplant and they know it.
Forgot these entries:
11:00 am - Calculating my year end bonus
11:15 am - Shopping for new Donzi boat online, how about blue for the color?
12:32 pm - Recalculating my bonus after morning trading session
12:51 pm - Talked to my boss about a raise
1:12 pm - Getting new wheels for my M Series Beemer
1:58 pm - Got to check what my bonus will be now after the close
2:30 pm - Boss won't give me a raise. How can this company think I can survive on only 800K per year?
3:15 pm - I got stopped by a beggar on the street. Can't we get rid of these people?
3:45 pm - Boy, I tired from a very tough day at work
Donzi is a good name. They don't deserve to be in the same boat with the criminals.
These cheap bastards would probably buy a Bayliner.
Uh, isn't today the date of the monthly government cost of living sample?
Also,
0645 Look at Kim Kardashian pic on ZH
0945 Look at Kim Kardashian pic on ZH
1145 Look at Kim Kardashian pic on ZH
1330 Look at Kim Kardashian pic on ZH
1500 Look at Kim Kardashian pic on ZH
Right before bed Look at Kim Kardashian pic on ZH
It is an ugly fat-ass gorilla.
7 am - Turn on computer and boot HFT, go get some coffee.
9 am - Back from coffee, profits down due to high corrolations from other computers. Start making lunch plans for 11.
9:29 am - Hit enter to start HFT.
1:30 pm - Back from lunch. Talk with math dorks about how to target flaws in other algos to increase $.
2:30 pm - Look at newspaper and see if you can do some puzzles, get help from dorks for hard questions.
3:30 pm - Set up computer for EOD and go walk around and try to catch the hottie on her coffee break.
4:30 pm - Hit enter to close out HFT. Send some emails to show you are working late.
You cant steal money from folksif the market is rational. It acts crazy by design.
Makes me think of the movie "The Sting" !
From 1968, the north face sale shop became known as north face brand from a little shop, at that tiem the north face sale store retails high-performance climbing and backpacking equipment.
Warmly welcome you to my true religion jeans on sale online store to purchase cheap true religion jeans in excellent detail designs.
Now is the best time of year to buy cheap true religion jeans from true religion outlet shop or true religion sale online store,they are offering the best price for you now.
women,cheap prom dresses their wedding day is mini dresses probably the most memorable cocktail dress 2011 days of their life.cocktail dresses The flowers, the guests along with the short prom dresses vows are just aspect of the particular day. prom dresses under 100 However,
Gangaur Realtech is a professionally managed organisation specializing in real estate services where integrated services are provided by professionals to its clients seeking increased value by owning, occupying or investing in real estate.
property for sale in gurgaon
grand spa gurgaon
ananda gurgaon