ReidysLeftLug
Striker
Agreed, it's easy to make money in a bull market
It was a bit bellendish but felt that was the approach MT was taking, might be incorrect.
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Redditors gave Wall Street traders an absolute pasting
- Thread starter The Albanian
- Start date
Agreed, it's easy to make money in a bull market
It was a bit bellendish but felt that was the approach MT was taking, might be incorrect.
D
Deleted member 26533
Guest
Its also very easy to misatribute the logic you had to purchase the asset as the reason something increased in price, which is dangerous going forward once the bull market pulls back.
Not saying that's you by the way, just a decent point to make about bull markets. Especially over this past year where a lot of new investors have taken an interest
ReidysLeftLug
Striker
beverly macca
Winger
But but but he was gonna buy a Ferrari....and something something he’s got a big house.
Here we go, I'm thinking earlier in the thread when people were calling you out they weren't wrong. Yes you work at an investment bank, yes you understand economics, but you aren't allowed to hold a trading account and 90% of your time is spent monitoring algorithms. I'm not saying you don't know your stuff but you seem to get rather defensive then passive aggressive when people discuss this industry.
I don't know everything but I do know some things and I knew enough to read the markets last year and capitalise on the sell off and subsequent rally. I was aiming for 18500 and hit that target, must be doing something right despite all the shit I may spew and lack of understanding I have?
MT is pretty much the same type of bloke as duff man. Single minded and I’m the best and nobody will ever stop me being the best. That’s why when they make a tit of themselves they can’t just laugh it off to themselves like most people.
They take themselves far too seriously for online debates.
That said both seem canny fellas and canny posters.
D
Deleted member 26533
Guest
But but but he was gonna buy a Ferrari....and something something he’s got a big house.
MT is pretty much the same type of bloke as duff man. Single minded and I’m the best and nobody will ever stop me being the best. That’s why when they make a tit of themselves they can’t just laugh it off to themselves like most people.
They take themselves far too seriously for online debates.
That said both seem canny fellas and canny posters.
Think that Ferrari thread was for a laugh after he was hammered for asking about a Tesla mind
monkeytassle
Striker
What is this jibberish?
Here we go, I'm thinking earlier in the thread when people were calling you out they weren't wrong. Yes you work at an investment bank, yes you understand economics, but you aren't allowed to hold a trading account and 90% of your time is spent monitoring algorithms. I'm not saying you don't know your stuff but you seem to get rather defensive then passive aggressive when people discuss this industry.
I don't know everything but I do know some things and I knew enough to read the markets last year and capitalise on the sell off and subsequent rally. I was aiming for 18500 and hit that target, must be doing something right despite all the shit I may spew and lack of understanding I have?
Oh here we go another fanboy account. The ferrari thread was a clear piss take. I drive a volvo xc60 which is an ex demo.But but but he was gonna buy a Ferrari....and something something he’s got a big house.
MT is pretty much the same type of bloke as duff man. Single minded and I’m the best and nobody will ever stop me being the best. That’s why when they make a tit of themselves they can’t just laugh it off to themselves like most people.
They take themselves far too seriously for online debates.
That said both seem canny fellas and canny posters.
ReidysLeftLug
Striker
Which part is jibberish, are you saying there isn't a compliance wall for you to leap over or that 90% of your time isn't spent monitoring algorithms...
monkeytassle
Striker
No. That's what you are saying.
ReidysLeftLug
Striker
Because I know there is a compliance wall for you to leap over and that a lot of the time spent at an investment bank is monitoring algorithms, maybe not at director level
When they come into universities and give you the talks they don't tell you the truths; the wage isn't what it was, the opportunities are less, and the majority of your time will be spent monitoring algorithms. Much better going into a hedge fund or trading with your own money, going into an investment bank for a better understanding of the industry aye but to be a succesful trader? Probably not. I suppose you get a nice business card
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OOOSH YEAH
Striker
For anyone that doesn’t know this is niceonemarraBut but but he was gonna buy a Ferrari....and something something he’s got a big house.
MT is pretty much the same type of bloke as duff man. Single minded and I’m the best and nobody will ever stop me being the best. That’s why when they make a tit of themselves they can’t just laugh it off to themselves like most people.
They take themselves far too seriously for online debates.
That said both seem canny fellas and canny posters.
monkeytassle
Striker
Which algorithms am I monitoringBecause I know there is a compliance wall for you to leap over and that a lot of the time spent at an investment bank is monitoring algorithms, maybe not at director level
When they come into universities and give you the talks they don't tell you the truths; the wage isn't what it was, the opportunities are less, and the majority of your time will be spent monitoring algorithms. Much better going into a hedge fund or trading with your own money, going into an investment bank for a better understanding of the industry aye but to be a succesful trader? Probably not. I suppose you get a nice business card
ReidysLeftLug
Striker
monkeytassle
Striker
No no. Stop avoiding the question. You said I spend 90% of my time watching algorithms. Which algorithms? If you make accusations back them up. You're in that middle ground where you k ow a little but think you know more.You're not monitoring any, scratching your arse it would appear
ReidysLeftLug
Striker
This is why I said perhaps those calling you out in the thread before were right. You want me to say what you are monitoring specifically for you to turn round and say "no, not looking at that" but the reality is you will be monitoring algorithms. I never claimed to know exactly what it is you're looking at just that I know a lot of time at investment banks is spent monitoring algorithms, this comes from someone who has been there and done that. Someone whose credentials can be verified not some know it all on a messageboard asking questions they already know the answer to
Nothing on holding your own trading account and the compliance issues? Investment banking isn't the be all end all you think it is and there is more than one path
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Is your knowledge coming from the guy who used to be on that BBC show about trading? He has videos on Youtube and you've pretty much repeated the points he makesThis is why I said perhaps those calling you out in the thread before were right. You want me to say what you are monitoring specifically for you to turn round and say "no, not looking at that" but the reality is you will be monitoring algorithms. I never claimed to know exactly what it is you're looking at just that I know a lot of time at investment banks is spent monitoring algorithms, this comes from someone who has been there and done that. Someone whose credentials can be verified not some know it all on a messageboard asking questions they already know the answer to
Nothing on holding your own trading account and the compliance issues? Investment banking isn't the be all end all you think it is and there is more than one path to understanding the markets.
ReidysLeftLug
Striker
Some of it, I've attended a couple of his seminars
I didn't want to push him as I'm not a salesmen but he offers a sound fundamental basis imo
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monkeytassle
Striker
Which algorithms man. Stop being a tail end and answer. Or just say you don't know and made it up because you haven't a clue.This is why I said perhaps those calling you out in the thread before were right. You want me to say what you are monitoring specifically for you to turn round and say "no, not looking at that" but the reality is you will be monitoring algorithms. I never claimed to know exactly what it is you're looking at just that I know a lot of time at investment banks is spent monitoring algorithms, this comes from someone who has been there and done that. Someone whose credentials can be verified not some know it all on a messageboard asking questions they already know the answer to
Nothing on holding your own trading account and the compliance issues? Investment banking isn't the be all end all you think it is and there is more than one path
ReidysLeftLug
Striker
Specifically I can't say but I'd hazard a guess at algos for data collection/analytics/processing
Are you saying investment banks don't use them or that they aren't monitored?
monkeytassle
Striker
Again. It's not me saying things it's you. What algorithms do I spend the vast majority of my day watching? You said it. Not me. Seems like you're incapable of backing up a single thing you say tbh. You've spent your morning serving any question you've been asked and I know why.
ReidysLeftLug
Striker
Lining himself up before the big finale. If I hid in some bushes would you educate me? I never claimed to know everything and yes maybe that point is one I've taken from someone else who offers an insight into the industry but that doesn't mean it's wrong. Just because I am unable specifically point to which algos you're monitoring doesn't mean you aren't.
Like I said I'm getting this from someone whose credentials can be verified.
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