Allright, history is paved with geniuses, including financial ones. Who are your inspirations ?
At the top of my head, I immediatly think of two
Paul Rotter aka “Flipper” (nickname given because he was changing his opinions and flipping bets SO often : very versatile mind !)
Interest rates / bonds futures (Bund/Bobble/Schatz) trader on the EUREX, he was one of the rare manual discretionnary trader to swing heavily. He would pass massive volume everyday and countless orders, all without much assistance, the “artisan” way. His position book was usually so large that he had full control on the pool of his favourite instruments, i.e. he was owning the exchange. His technic used to rely on “spoofing” back when it was not yet forbidden by regulation. In other words, he was placing very large quantities in the order book in the opposite ways of his bets in order to trigger adverse reactions / executions, then he would back off and trade the other way, or he would spoof in order to trigger volume oriented fills by generating panic attacks towards the other participants. All in all, his overall strategy was playing with mind games, outsmarting his opponents very much “poker face” like, and also toying with others’ emotions, which nowadays could be very hard to mimic, given that the trading volume consist now of being full of bots.
Eventually, his ennemies were so pissed off at him mastering his game, that they approached the regulator to request changes at the exchange rules in order to counter him. It was heard and happened, then his “play” slowly vanished.
Himself, he is the incarnation of the superiority of human behavior when applied without a framework. He won millions along the way, while being independant. To this day, he reconverted / switched of strategies, and still manage funds from Singapore, just with less consistant results.
Here is one rare interview about him
- some stranger tactical analysis
Martin Schwartz aka “Pitbull”. VERY different story, very different outcome. Against all odds, Martin Schwartz was a “consistent loser” (@CondorcetInvestment) for his first 10 years of trading. Whatever his trials, he would fail. Then he put some perspective about his experience, rewired all his brain and tactics + routine, he quit his analyst job with $100k savings and decided to risk it all to become serious about this attempt. …and the rest is history : he turned heads by becoming a consistent winner, harvesting a lot of money every year, the exponential way. His main drive has always been passion and he kept a relatively low profile life during his reborn career, trading independantly his own funds principally. He likely maintained more impressive steady results over time than “Flipper”, and since then never stopped, which is the best achievement possible, isn’t it ? He is the living proof that through hard work and dedication, you eventually can put yourself back on the right track, even when your start was deceiving !
Why did I start this thread ? To relate of the multiple varied possibilities that a trading “carreer” could bring… and to grow your faith / will about persevering in your efforts !
Because I believe that this is it: Darwinex indeed has the potential (with the ins and outs mastered) to put into the spotlight the trading geniuses of tomorrow. To be honest, even now, I am counting a few members who are following the trend to potentially become our own legends if they pursue and turn their history into a bright future… and that is not an understatement of an event to contemplate ! GL friends