You can find the beginning of the story about super traders here:
Super Traders (Introduction)
Dave Here, say, the aforementioned Dave. Outwardly, the most ordinary, gives the impression of a phlegmatic neurasthenic. It doesn't mean anything. Dave – the biggest trader, whom I met. He does not exchange for trifles, just doesn't do anything. On an active day, Dave can trade up to 1.5 million shares. Stocks are mostly expensive for traders., from 30 to 100 Dollars for pike. That is, it turns out, that up to a hundred million dollars can go through one Dave in a day. So much for the turnover! It's more, than all Russian exchanges combined.
Most productive day, which I saw with him, – he earned something like three hundred thousand dollars. Early in his career, Dave, after working for about a year, thought to leave Business. I didn’t understand anything, nothing worked, money was not earned, but were lost. However did not go away, understood, what does he need to do. Six months later, he earned his first million.
Strategy his – one of the most risky – bot picking*. When any stocks are down hard, often, and, precisely speaking, always, due to the release of negative news on them, moving down, at some point the limit comes. A threshold is formed, when all, who wanted to sell at the moment, already sold, And, owners of large stakes begin to drive stocks up. Reverse movement is formed, which grows as, how short traders begin to close their positions. Alone, seeing the limit threshold of movement, start taking profits, others lose their nerves in anticipation of huge losses. Anyway, there is a serious upward movement in stocks, quite possible, just for, so that new sellers, who are satisfied with the proposed price, poured into the market. But, until it happened, such traders, like dave, pop into the game in dozens, and sometimes hundreds of thousands of shares. They start to do this even on the way down the stock., and then push them upstairs, as far as they can. Such a game is almost independent of the movement of the common market., and everything happens on a narrow field, with a huge number of players, earning and losing fortunes.
Only experience can tell the end of one period and the beginning of a reversal in the other direction.. The main thing here is to enter on time and exit on time., close positions. Mad trade volume allows such ass, like dave, to carry out operations with brilliance in huge positions. But don't think about it., that Dave never loses money. Loses, and more like. Lose the amount in one day, which most Americans would think of bankruptcy, for Dave – trifling matter. Otherwise, work like that, like he, just impossible. but, who does not risk, he does not become such a trader. For the company to allow working in this mode, need a reputation, but it is not formed in one day or a month. To the question – “How is Dave doing?” can, for example, hear – “Yes, that's, went into a big minus at the beginning of the month, now fought back, plus about two hundred”.
It's useless to watch Dave from the outside, you won't understand, what's going on with him. But any, who tried even a little Trading, will say, that this thin young man hides a man with a clear mind, cold calculation and iron will to victory. Otherwise it can not be. Actually, if we talk about making money, then such examples, like dave – Unique.
Dave – one of the highest paid artisans in the world. Any super-rich people, overwhelmingly, do not make money by themselves. A huge number of other people work for them., creating surplus value. It's hard to imagine, to bill gates, no matter how much he earned there per minute or per second, I could sit at the computer myself, in a couple of hours, reproduce out of nowhere another one hundred thousand dollars. Dave does just that. May be, celebrities of show business or sports are capable of this. But they get paid for it by others, and Dave snatches money from the market in a merciless struggle.
