fao porkie....
08-12-2005, 10:35 AM
#41
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Originally Posted by DaveEscos
Im front office ops and have just moved to a hedge fund.. will be studying hopefully next year fingers crossed
How much money r u mamaging ?? any special sector ??
See Chip you never stop
08-12-2005, 10:37 AM
#42
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Originally Posted by chip-3door
Originally Posted by dangerous - reyland
Chip
I guess you could say I`ve done my time
Did spend many years as a lad working on the desk with an arse of a manager for small money
But it came right in the end
I guess you could say I`ve done my time
Did spend many years as a lad working on the desk with an arse of a manager for small money
But it came right in the end
can i borrow a fiver?
Sure pal - Make it a tenner if you like
But my rates are extortionate
08-12-2005, 10:38 AM
#43
Originally Posted by dangerous - reyland
Originally Posted by DaveEscos
Im front office ops and have just moved to a hedge fund.. will be studying hopefully next year fingers crossed
How much money r u mamaging ?? any special sector ??
See Chip you never stop
Its all good providing you work hard AND play hard
08-12-2005, 10:40 AM
#46
Originally Posted by dangerous - reyland
Sure pal - Make it a tenner if you like
But my rates are extortionate
But my rates are extortionate
Will bear it in mind if i ever need any money secured against my health rather than just against the house like at the moment
"your kneecaps may be at risk if you do not make repayments on a loan secured against them"
08-12-2005, 10:42 AM
#47
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I remember the old barrow boys!
I went to school at City of London at Blackfriars, so we used to run into the pit traders in their technicolour jackets in Burger King all the time!
What a difference it is now - I'm going up to town tomorrow to meet a mate who trades futures, and it's all open office floors and mutliple screens. I presume it's all much more regulated since they abolished the pits etc.......
I went to school at City of London at Blackfriars, so we used to run into the pit traders in their technicolour jackets in Burger King all the time!
What a difference it is now - I'm going up to town tomorrow to meet a mate who trades futures, and it's all open office floors and mutliple screens. I presume it's all much more regulated since they abolished the pits etc.......
08-12-2005, 10:45 AM
#49
Originally Posted by RichardPON
I remember the old barrow boys!
I went to school at City of London at Blackfriars, so we used to run into the pit traders in their technicolour jackets in Burger King all the time!
What a difference it is now - I'm going up to town tomorrow to meet a mate who trades futures, and it's all open office floors and mutliple screens. I presume it's all much more regulated since they abolished the pits etc.......
I went to school at City of London at Blackfriars, so we used to run into the pit traders in their technicolour jackets in Burger King all the time!
What a difference it is now - I'm going up to town tomorrow to meet a mate who trades futures, and it's all open office floors and mutliple screens. I presume it's all much more regulated since they abolished the pits etc.......
08-12-2005, 10:52 AM
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Originally Posted by DaveEscos
yep, its no longer a scene from rogue trader any more!
NYSE still retain ticket trading now dont they?
NYSE still retain ticket trading now dont they?
Love the NYSE floor - have been round there with the traders & pricipals. My old firm had offices in New Jersey so was sent out there frequently
We were NASDAQ market makers But had great contacts on the floor.
Great partys in NY - miss it
real tears
08-12-2005, 10:54 AM
#52
Originally Posted by dangerous - reyland
Originally Posted by DaveEscos
yep, its no longer a scene from rogue trader any more!
NYSE still retain ticket trading now dont they?
NYSE still retain ticket trading now dont they?
Love the NYSE floor - have been round there with the traders & pricipals. My old firm had offices in New Jersey so was sent out there frequently
We were NASDAQ market makers But had great contacts on the floor.
Great partys in NY - miss it
real tears"money cant buy you happiness, but it can sure get a lot of women to suck you off while you down bottles of dom p"
08-12-2005, 10:59 AM
#54
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Has it improved things much though?
My mate was explaining that the more modern system and the advent of the internet has encouraged much more liquidity thanks to every man and his dog thinking they can day trade!
Simply can't believe the ups and downs these traders have!
My mate was explaining that the more modern system and the advent of the internet has encouraged much more liquidity thanks to every man and his dog thinking they can day trade!
Simply can't believe the ups and downs these traders have!
08-12-2005, 11:05 AM
#55
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Originally Posted by dangerous - reyland
Love the NYSE floor -
This is the view out of my mates apartment of the sun coming up midway through a 28 hour boozing session
Off to Moscow on monday, proper place
08-12-2005, 11:06 AM
#56
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Originally Posted by chip-3door
Originally Posted by dangerous - reyland
Originally Posted by DaveEscos
yep, its no longer a scene from rogue trader any more!
NYSE still retain ticket trading now dont they?
NYSE still retain ticket trading now dont they?
Love the NYSE floor - have been round there with the traders & pricipals. My old firm had offices in New Jersey so was sent out there frequently
We were NASDAQ market makers But had great contacts on the floor.
Great partys in NY - miss it
real tearsWas that a case of
"money cant buy you happiness, but it can sure get a lot of women to suck you off while you down bottles of dom p"
Married man now NO COMMENT
08-12-2005, 11:10 AM
#57
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Porkie
That is the Dogs 
Did you see it from the public gallary or actually on the floor ?
My ex is big in banking out in Moscow now
Might help you out (cough cough)
Always happy to look after a m8 if poss
PS you sure you dont want this skiing weekend???
That is the Dogs
Did you see it from the public gallary or actually on the floor ?
My ex is big in banking out in Moscow now
Might help you out (cough cough)
Always happy to look after a m8 if poss
PS you sure you dont want this skiing weekend???
08-12-2005, 11:14 AM
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Originally Posted by Paul Eggleton
I actually find this stuff absolutely facinating after buying wholesale gas and power for Kodak on the forward and spot markets (circa £10m/year).
Now I'm an energy consultant and keep a watching brief on Carbon prices and Energy prices but I do fancy moving into trading.
How did you guys get into it (especially Lee as I know you did sports science didn't you?)
Now I'm an energy consultant and keep a watching brief on Carbon prices and Energy prices but I do fancy moving into trading.
How did you guys get into it (especially Lee as I know you did sports science didn't you?
)Paul
One of my house stock specialises in creation of carbon credits by redution of methane for Pig Shit
I kid you not
Good company
08-12-2005, 01:54 PM
#59
Professional Waffler
ive just started reading a book on the stock market, as some friends in work was talking about it, and i realised i know nothing about it what so ever (and i got a massive thurst for knowing everything 
)
not read much yet,, but i do really fancy having a go
)not read much yet,, but i do really fancy having a go
08-12-2005, 01:56 PM
#60
To me reading a book then having a go is as wise an investment as someone reading the threads on here about engine building and then with utterly no prior experience buying all the bits for a 600bhp YB and bolting them together.
You just KNOW its going to end up with in tears, and poor
You just KNOW its going to end up with in tears, and poor
08-12-2005, 01:58 PM
#61
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One of the good books I read recently Gareth:
http://www.amazon.com/gp/product/074...books&v=glance
Nice basic descriptions of loads of different investment types etc - very interesting, and quite difficult to understand, especially when the product being bought or sold only exists as a result of something else being traded.
I'm like you though - thirst for knowledge
http://www.amazon.com/gp/product/074...books&v=glance
Nice basic descriptions of loads of different investment types etc - very interesting, and quite difficult to understand, especially when the product being bought or sold only exists as a result of something else being traded.
I'm like you though - thirst for knowledge
08-12-2005, 02:04 PM
#63
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RichardPON
chip-3door
i know what your saying mate,,, but since i know no-one who can really teach me, the book is my best option and im not talking big money,,
chip-3door
i know what your saying mate,,, but since i know no-one who can really teach me, the book is my best option
and im not talking big money,,
08-12-2005, 02:10 PM
#65
I used to do some really risky trading a few years ago.
I was penniless after uni, and god knows why but lloyds bank stockbrokers gave me 5000 of credit.
But it had to be settled within 10 days of any trade.
I used to buy shares and sell them again with 6 days as this was their "netting off" deadline.
Sometimes used to make an average of about 100 quid a week, which was a significant second income to me at the time, but was fucking risky TBH cause i HAD to sell them within 6 days, wether they were down at the time or not, cause i didnt have to pay the money for the shares otherwise
Best profit was 427 quid in an afternoon on vodafone shares.
I think the term for what i was doing is something like "day trading"
ie normally i used to buy and sell on the same day.
Usual profit was about 50 quid on 5 grand (so only 1%) and i used to lose 25 quid of that in fees!
Only ever lost once, couple of hundred quid, at that point i decided to quit while i was ahead, but looking back i probably should have kept going as i was FAR managing to beat any amount of interest you get through a "normal" investment, especially as the 5 grand wasnt even mine in the first place
I was penniless after uni, and god knows why but lloyds bank stockbrokers gave me 5000 of credit.
But it had to be settled within 10 days of any trade.
I used to buy shares and sell them again with 6 days as this was their "netting off" deadline.
Sometimes used to make an average of about 100 quid a week, which was a significant second income to me at the time, but was fucking risky TBH cause i HAD to sell them within 6 days, wether they were down at the time or not, cause i didnt have to pay the money for the shares otherwise
Best profit was 427 quid in an afternoon on vodafone shares.
I think the term for what i was doing is something like "day trading"
ie normally i used to buy and sell on the same day.
Usual profit was about 50 quid on 5 grand (so only 1%) and i used to lose 25 quid of that in fees!
Only ever lost once, couple of hundred quid, at that point i decided to quit while i was ahead, but looking back i probably should have kept going as i was FAR managing to beat any amount of interest you get through a "normal" investment, especially as the 5 grand wasnt even mine in the first place
08-12-2005, 02:11 PM
#66
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Originally Posted by Porkie
Fook me! Amazon are getting properly quick at delivering 
Gareth - tis a good book. Quite well written, and nicely paced, so yuo don't get lost all the terminology.
Anyway, from al this money you're gonna make on the markets, you should be able to afford a non-gay haircut!
08-12-2005, 02:13 PM
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Originally Posted by chip-3door
I think the term for what i was doing is something like "day trading"
ie normally i used to buy and sell on the same day.
ie normally i used to buy and sell on the same day.
08-12-2005, 02:14 PM
#69
Professional Waffler
chip-3door
i like your style (please say ntohing about mine )
RichardPON
ok ok i'll ask my GIRLFRIEND to cut it tonight,, what you going to ask your GIRLFIEND tonight? 
i like your style (please say ntohing about mine
)RichardPON
Anyway, from al this money you're gonna make on the markets, you should be able to afford a non-gay haircut!
08-12-2005, 02:15 PM
#70
Originally Posted by RichardPON
Originally Posted by chip-3door
I think the term for what i was doing is something like "day trading"
ie normally i used to buy and sell on the same day.
ie normally i used to buy and sell on the same day.
Basically at the time i noticed that for no reason that was obvious to me, mobile phone shares almost always seemed to close higher than they opened.
so i was buying low in the moring, then selling high mid afternoon.
As i say it was only about a 1% fluctuation normally, but that was enough to return .5% a day in "interest" on someone elses 5 grand.
I was mainly doing it cause it was fun though
08-12-2005, 02:17 PM
#72
Originally Posted by dangerous - reyland
Fook 
Just typed War & Peace on trading & the bloody PC has lost it
Just typed War & Peace on trading & the bloody PC has lost it Is that the same PC that 20 billion a year in funds relies on your being able to seemlessy operate to execute transactions at the perfect point in time?
08-12-2005, 02:19 PM
#73
Ps
My "feed" was some 20 minute old free ticker that was available on the web, so if anythign moved quickly, by the time i phoned my broker to confirm the price, i was already back on the way down after a peak or on the way up out of a trough, i reckon i could have doubled my profits if i wasnt basically doing the stockmarkey equivalent of doing a trackday by looking at the rear screen at the corner i had just been round instead of looking forward at the one i wanted to go round
My "feed" was some 20 minute old free ticker that was available on the web, so if anythign moved quickly, by the time i phoned my broker to confirm the price, i was already back on the way down after a peak or on the way up out of a trough, i reckon i could have doubled my profits if i wasnt basically doing the stockmarkey equivalent of doing a trackday by looking at the rear screen at the corner i had just been round instead of looking forward at the one i wanted to go round
08-12-2005, 02:20 PM
#74
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Originally Posted by chip-3door
Originally Posted by dangerous - reyland
Fook Just typed War & Peace on trading & the bloody PC has lost it
Just typed War & Peace on trading & the bloody PC has lost it Is that the same PC that 20 billion a year in funds relies on your being able to seemlessy operate to execute transactions at the perfect point in time?
Lucky Bloomberg & Fidessa stayed up
Maybe it dosent like running PF on top
Might take some explaining eh
08-12-2005, 02:26 PM
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Originally Posted by chip-3door
I can just imagine the report you file:
Todays wins:
Scored myself a cheap T4
Todays losses:
Company lost £28million
Todays wins:
Scored myself a cheap T4
Todays losses:
Company lost £28million
08-12-2005, 02:29 PM
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Originally Posted by GARETH T
chip-3door
i like your style (please say ntohing about mine )
RichardPON
ok ok i'll ask my GIRLFRIEND to cut it tonight,, what you going to ask your GIRLFIEND tonight?
i like your style (please say ntohing about mine
)RichardPON
Anyway, from al this money you're gonna make on the markets, you should be able to afford a non-gay haircut!