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Posts by "hedgie"

22 Posts Total by "hedgie":
16 Posts by member
Hedgie
(Scunthorpe, United Kingdom)
6 Posts by Anonymous "hedgie":
Hedgie
UK
Posted Anonymously
14 years ago
Dec 18, 2009 13:24
To answer your ignorant little questions Asad. When you asked about my experience in your previous post...I stated what I did for 17 odd yrs in the city. I can't say I am interested in impressing anyone with my time on various buy side desks, and anyone who gets impressed by the trader lifestyle or thinks themselves to be a great/lucky trader like Soros ( i.e YOU ) needs to gain real perspective, your a penny stock trading day trader!!! Nothing wrong with that job but pls don't go around thinking your a real trader.
I really have no interest in being disruptive and if anyone apart from Asad has felt that way I apologise to them. The problem is I can't read some of the ridiculous things that Asad posts on here and then not comment at their hilarity. No pro trader on any buy or sell side desk would go around or be allowed to trade when they don't even understand the basic fundamentals of the contract they are trading!!!!!!!!!!!

Hedgie
UK
Posted Anonymously
14 years ago
Dec 5, 2009 14:52
Asad Now thinks he is Sigmund Freud with his lacklustre attempt at psychoanalysis, what's the matter being a wannabe Soros boring you now?? Look here Asad, if you can't handle being questioned about your trading DON'T go around making extravagant claims about how amazing your wins have been...it's pretty simple. I have no problem with people putting forth trading ideas, but when 1 individual, and you are the only one here imbecilic enough from what I have been reading, goes around acting like some kind of big time Charlie, then be prepared to back up your claims!!!
I have traded for over 17yrs in the City and NY, and have come across imbeciles like you many a time, and remember what I said in my earlier post moron I don't need to trade or work any more, as unlike you I worked on the buy side for many a year and we treated your sell side desk jockeys at JPM with contempt, all the time laughing at their desperate attempts to woo us.
Your Gay bar comment did make me chuckle, look if you really want me to come and meet you and your family at your house no need to refer to it as a GAY bar, no need for euphemism's is there?

Hedgie
UK
Posted Anonymously
14 years ago
Dec 4, 2009 13:05
I know I said it's not worth arguing with an Imbecile like Asad but when I read the below paragraph I was in stitches....It confirmed my suspicion of him being a total fantasist

"Second, yes, when oil was heading towards 80, I, like ever, was calling it short...and even questioned (confused) Ashraf why oil was going up despite fundamentals being weak (& at least I firmly backed my analysis, unlike some who whore around w/ trends like a drunken monkey). I opened up a short position here (like many others on the Forum). Unsurprisingly, that proved to be as logical, as fruitful."


Asad did you actually read that before typing?? You backed your analysis??...Your more delusional than I thought. Your analysis of demand and supply...LOL...if you produced that rubbish in a real trading huddle you would be laughed out of the building. Also I liked how you so conveniently didn't mention the level you opened your short position...but it proved fruitful did it?? HAHAHAH....YOU were calling it short from 76 onwards, when it hit 81+ you would have been 500+pips down. You attack leverage so I presume you don't use it at all...So your extravagant winning claims are ringing hollow AGAIN!!!!
But hey I could be wrong and in that case Asad I suggest you send your CV sharpish over to Greg Coffey at Moore Capital as he always needs new traders for his macro fund...failing that Alan Howard over at Brevan Howard runs a great Macro fund...though word of warning they might not be too keen on running 500 pip losses on their trades. But I forget your an amazing gambler..oops I mean trader.

Hedgie
UK
Posted Anonymously
14 years ago
Dec 4, 2009 12:40
Carlco I couldn't agree more arguing with a imbecile like Asad who thinks he is some great trader is getting quite tiresome.

Hedgie
UK
Posted Anonymously
14 years ago
Dec 3, 2009 12:17
Asad - My point isn't about where the fair value of oil should be. If it's in the 80s or 60s makes no difference to me (I made my ill gotten gains in the city and can relax now). But when people start gloating about their trades, I start questioning their trading. Now lets take your extravagant claims as an example...Having gone and read the past threads on this forum I came across the following in the post - VIX, Oil, BRIC's.... When Oil first broke out from 76 and headed towards 80+ you were constantly calling it short and after a while went v suspiciously quiet...by my rough calculations you would have been 500-600pips in the hole on that move alone. Not to forget the financing charge you would pay on going short those swaps. Now do you seriously expect anyone to believe that you would have been able to keep doubling down on a 500-600pip loss. Then when Oil made it's move back down you triumphantly claimed your "genius" and foresight...you would have been closed out before you saw any gain mate!!!!

Now when you were about 300pips down you claim to have doubled up on that loss and now triumphantly claim to have made a fortune again...And please don't claim effective risk mgt as no risk manager would allow anyone to trade like this.

Not sure how BNP Paribas vindicated you as their point is that Oil, Gold and Equities are becoming a speculative play being effected by cheap cash. Didn't read them saying go short oil. Also from previous posts you were arguing that Oil is being effected by supply and demand and nothing to do with external monetary policy
Hedgie
UK
Posted Anonymously
14 years ago
Dec 2, 2009 12:26
Asad - You can justify your "investing" with any numbers you want but the fact of the matter is if the largest HF's/prop desks have to cut losing trades how can an individual outlast someone with greater financial muscle? You say your prudent and that's fair enough but then your winning trades will be tempered by your prudence...so your extravagant claims of last week seem a bit hollow...Can't have it both ways...brilliant risk mgt and amazing timing!!!