stock exchange

Who appropriated 9 000 000 Dollars?

 Returning to yesterdaythe incident with the ZNM0 futures. After all, if someone has lost, then someone has earned. Perhaps many have made money on this., but something is doubtful this version — probably someone else has earned, двое, трое. I, for example, lost everything on it 2000, or rather, so much immediately went into a minus, since I was only applying for one contract. In just this minute, it was traded 9000 Contracts. Considering what was sold to me at the very top, then let's take the average — allowable, on each contract was lost by 1000 Dollars. Means 1000 * 9000 = 9 000 000 — that is, someone got 9 million in one minute….

Since now almost all day traders, then they usually trade more than one contract, and on 10, 20, 50 and more, with a short stop, which creates the feeling that the risks are under control. So imagine, the day trader yesterday placed an order for a breakout of the level at 10 Contracts. It is opened at the top, the price is returned and it is immediately in the red by 20 000 Dollars. If this is his entire deposit, then he goes out of business in a minute. А если 50 Contracts — then he is in the red 100 000 dollars and still owes the broker 80 000, who will demand this money in court, since usually such a moment is stipulated in contracts.
Someone will say — need to set stop limits, then you will be safe. On the one side, logical. And what about the protective stops?? It is dangerous to place stop-limits as protective stops — the price may slip through and the position will not close. And in the case of an ordinary stop — let's say you were short on ZNM0 yesterday 50 contracts and you had a simple protective stop. И что же, in one minute you get a margin call and go out of business.

The exchange admitted that the situation was abnormal, but all transactions remain as they are, nothing is canceled. So much for the exchange, which many idealize in the context of comparison with Dealing Centers.  

But this is one of the most liquid instruments and it is unlikely that such a situation can happen without the participation of some kind of behind-the-scenes mechanism.. Here is a day trader earning a year, two, three, and the fourth time, and took away everything that he had earned and it is still possible, more. There are probably other ways to take money from successful traders." — I think, this is not the only one…

New exchange

Tired of stocks, futures, options and currency pairs?

I present to your attention a new tool – movie futures.

The largest American financial services company Cantor Fitzgerald announced that, that in a month she plans to launch a futures exchange, which will allow investors to bet on, what box office the film will collect in the first four weeks of distribution. The essence of this process will be as follows: before the release of the film, a forecast is formed regarding the rental fees. After that you can buy a share (равную 1/1000000 the amount of the forecast). If the actual fees turn out to be higher — You've earned, if lower — you lose (if a, certainly, you didn't sell shares «в короткую»).

Website Hollywood Stock Exchange works now, however, so far only accepts virtual money.

The company hopes, that such contracts will be popular among a wide variety of investors, from ordinary moviegoers to serious hedge funds.

See, what will it all turn into.

Personally, I am extremely skeptical about this..

A source

Another thoughts

Don't understand, why it happens, though… Насчет «не понимаю» – it's self-deception. Я всё понимаю. The problem is, that I am afraid of losing part of the deposit. When there is a stable and good result, or something strongly motivates me – everything is fine with me. But when things go wrong, and I understand, that I'm in the ass – […]

Who should do it

http://invest.open.ru/ru/events/reality-show/[14:17:23]  RTS (14:13:26 10/02/2010)reality show on intraday trading Vano (14:13:48 10/02/2010)and how it will happen? ) RTS (14:15:17 10/0…

Victor Niederhoffer / Victor Niederhoffer

In April 2006 of the year Victor Niederhoffer (Victor Niederhoffer) appeared at an evening at New York's St. Regis, where about 300 America's leading fund managers. Walking under the gilded candelabra in a lavender blazer, he felt, that again rose to the top of success. 1980-90s. Victor Niederhoffer has built a huge fortune and a reputation as one of the most prominent hedge fund managers in the United States.. But he was ruined by an excessive love of risk.: before the Asian financial crisis, he played for the rise in Thai stocks, and during the crisis - to increase the Standard index&Poor’s 500, using uncovered options on the index. When the markets crashed, Victor Niederhoffer lost everything overnight - a $ 130 million fund and almost all of his own savings. It seemed, life dealt him a crushing blow, however, he managed to overcome the path up the second time. Speaking to financiers, honoring him in St. Regis, Niederhoffer stressed, how highly he appreciates the “difficult and courageous” decision to reward him after, how it crashed once.

Laura Pedersen (Laura Pedersen)

Laura Pedersen (Laura Pedersen) started working on Wall Street in 17 years; in 20 years she, By the way, was the youngest, which had its own place on the American Stock Exchange (her employer rented this place for her, since she did not pass the age to own it). Before reaching another 24 years, she did 1,5 million. Doll. Growing up on the outskirts of d. Buffalo, Pedersen is a born entrepreneur: at the age of six she was selling tomatoes from her mother's garden, played poker and bet on horses; asked for company shares at ten years old “Pepsi-Cola” as a birthday present; in 14 years went to New York on an excursion to the American Stock Exchange (АМЕХ). After her first boring semester at the University of Michigan, she dropped out.. “If I wanted to be a movie star, – she reflected, – I think, I would head west, to Hollywood; and since I was only striving to make a fortune, I flew east, on Wall Street”. In January 1984 Pedersen began working as a clerk, Earning 120 Doll. in Week. She has worked for several companies, before settling in “Spear Leeds Kellogg / Investor Company” as a secretary of traders. When traders went for a smoke break, she briefly replaced them. It was the world, full of obscene language and vulgar gestures. As Pedersen said: “Four years, three …

Laura Pedersen (Laura Pedersen) Read more

The first steps

remember, when I just started to be interested in stock trading, downloaded all videos and books, that I could find. As a result, there was a mess in my head.. There was no clear picture and I had no idea, how to form it.
My friend started with me. We tried to figure it out together. During the meetings, they discussed who learned what terms, who understood what.
As time went, but there was no result.

When I first spoke with Alexander Mikhailovich Gerchik, immediately asked a question:
“Alexander Mikhailovich, porridge in my head, what to do? how to deal with it?”
Gerchik advised not to flog a fever, calm down, trade, analyze deals and gain experience, and that then everything will come by itself.

Now I got it, that he was absolutely right.
Beginners need to read fewer books about trading and trade more themselves..
This is the only way you can learn.
A very important point statistics – I also learned this from A.M.
This is the only way you organize everything., what's happening. What you get, does not work, what do you understand and do not understand.
After that, how do you have this clear picture, need to sit down and analyze.
It will not be difficult to find answers to all questions and solve all problems.
If there are no statistics – it will take several times longer to reach the final goal. This is a fact and you can't argue with it..
You can try, but you'll end up with the same thought.

What I want to say with all this? Don't bother with bullshit. Filter information. And work very hard.

Then everything will be fine with you.

Successful trades and a passing trend.

Banzai!

2 of the year on the New York Stock Exchange

Smooth 2 years ago I made my first trade on the New York Stock Exchange , but then I was unlucky and the first day in my trading career closed with a minus 8-) The very first year on the stock exchange is the most difficult, most people, having not earned money, light up and understand that they have to work, so that the day, close month and year in positive territory, you need to work VERY hard and improve yourself. Most are leaving here, I prefer stable and monotonous work, why fight with your complexes, if you can work for “Дядю” and doing what he says risk his money.

About trading and related emotions

This post is addressed to young traders, but it may be useful to others.

Trading – this is not a part-time job, and real work. Very heavy, but incredibly interesting.
You can't come here for half a year or a year. Only for a long time.

Training can take a huge period of time. We are all different people.
I, for example, used to be fond of bodybuilding, so very disciplined and emotion for me – little problem.
Someone emotionally will be harder., but he is easier to master the technical side.

Anyway, you need to give yourself time to study.

Decide for yourself – are you ready to come into trading and stay in this profession? 

If not, then you better not go to this profession. Nothing good will come of it.
Probably, you have a bad opinion of him.

It often happens., that a person comes to this job and begins to make profitable deals almost immediately.
But it's too early for him to rejoice. Actually, his success plays a cruel joke on him.
This person can easily star and merge after a while..

Main, what young traders need to understand – you came to work. Not many years, you can safely spend a year or two studying.
Work your hardest. Even if you make money right away. You cannot relax.

The better you are at trading – the more you need to limit yourself, punish and not let loose.

What I want to tell people over twenty or thirty years old – the road to this business is not closed for you.
You may feel sorry for spending several years of your life on another study..
Again understand – trading is not a clear science, there are no iron rules.
Your three higher educations won't mean anything here..
Many very rich people came here, who have built their business in other areas, and lost.
There are completely different laws. You need to learn completely different things.. It takes time..

All you need to decide is `` seriously and for a long time" or "a little bit".

If you chose the first – then someday you will succeed. If the second – choose another profession.

Getting Started with NASDAQ Trading

Starting next week, I plan to add NASDAQ shares to my trading. But this is already with a new broker and on a personal account. I found myself a good one and will soon write a review on them and why I chose it. Какие есть отличия в торговле на NASDAQ от NYSE ??? P.S. It seems that the feet are not placed there. ???

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