Update on the self-proclaimed “best fucking trader in the fucking world”. https://www.ft.com/content/7e8b47b3-7931-4354-9e8a-47d75d057fff
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The right will love that argument because it will result in gov being strangled.
The number itself means nothing (31/mln), it depends on the portfolio you are managing. If you have a 3 billion portfolio it is 1%, 🔽
To better understand: the PnL of a single trader is not an absolute value, but must be analyzed on the basis of the managed portfolio (or volumes).
I don't know him, I don't know his colleagues and managers, but saying that he was far from the top 🔽
It also depends on how much freedom you have in terms of volumes, another trader might achieve more by increasing the volumes transacted, but we do not know if he had portfolio limits, other traders had them, and how one could behave. 🔽
Just to clarify the method by which a trader should be evaluated.
https://youtu.be/m5yfbWyHPac?si=NAhirX4X1g1ny3le&t=654
Gary screams stuff like "I’m the guy that calls it right every fucking year".
Druckenmiller, a genuine top trader in the world, has in contrast said: "It’s not whether you’re right or wrong, it’s how much you make when you’re right and how much you lose when you’re wrong.”
I think there's a real issue of people on both sides not wanting to interrogate claims made by those who are helpful to their cause. I shared some thoughts about this here https://www.linkedin.com/feed/update/urn:li:activity:7240321284113387520/
https://jacobin.com/2025/03/gary-stevenson-trading-game-review/
and lending at a premium just because he could?
A little like this comic: https://theoatmeal.com/comics/believe
2) Slur people's character? You are literally calling him a liar.
2) I’ve literally talked about well-evidenced facts, which conflict with his claims. He’s misled people. By contrast you’ve said “yah boo you’re a Tory” and suggested we should ignore the problem because you don’t like my politics…
https://anotherangryvoice.blogspot.com/2017/06/how-three-tiny-facebook-pages-took-on.html
I can only note you have ignored it so far. Which you have confirmed.
Those defending Gary and Maga.
No Mark. Its a bit weird to try.
Like an Apprentice contestant trying to avoid being fired because he was the most profitable having made a fiver off a single sale of a 50p item when everyone else sold dozens for a quid a go.
Sorry but as far as I'm concerned it's ludicrous for those with a passing familiarity of this moosive ego rife scene to treat these Johnny Big Bollocks claims as verifiable, literal, or disqualifying. Wild to me
I pay plenty of tax, thank you very much, as does the business I run.
"Shit he's got people talking about wealth inequality and the parasitic greed of billionaires & mega corporations, quick discredit him and get the plebs snarling at immigrants & benefits again!"
Or do we just wait and see if he was right?
Seems more important than his CV.
“The best player at Crystal Palace”
NOT
“The best player in the world”