Comments on: Rethinking Risk: Proprietary Trading, Speculation, and Personal Responsibility http://martinkronicle.com/2010/01/26/rethinking-risk-proprietary-trading-speculation-and-personal-responsibility/ Insight from a Professional Trader Fri, 27 Jan 2012 18:37:00 +0000 hourly 1 http://wordpress.org/?v= By: Blast from the Past - Brian Hunter and Amaranth's Manipulation | Due diligence and operational risk in hedge funds http://martinkronicle.com/2010/01/26/rethinking-risk-proprietary-trading-speculation-and-personal-responsibility/comment-page-1/#comment-217 Blast from the Past - Brian Hunter and Amaranth's Manipulation | Due diligence and operational risk in hedge funds Fri, 29 Jan 2010 02:02:49 +0000 http://martinkronicle.com/?p=1548#comment-217 [...] Here is an interesting perspective arguing for trader’s personal responsibility, and subsequently Mr. Hunter’s personal responsibility for his own actions. [...] [...] Here is an interesting perspective arguing for trader’s personal responsibility, and subsequently Mr. Hunter’s personal responsibility for his own actions. [...]

]]> By: irondoor http://martinkronicle.com/2010/01/26/rethinking-risk-proprietary-trading-speculation-and-personal-responsibility/comment-page-1/#comment-433 irondoor Thu, 28 Jan 2010 10:57:44 +0000 http://martinkronicle.com/?p=1548#comment-433 Everyone makes stupid mistakes. The longer you live, the more of them you will make. You may say you'll "never make that mistake again", and you might not, but you will make its brother, sister, nephew, etc. After its over, you'll look back and know you should have seen it.<br><br>I should know.<br><br>It shouldn't matter what market you trade, as long as it makes large enough moves from time to time and you have sufficient capital so that you can extract some profit in the middle of the move. It's all those stop-outs that punish you into quitting right before the "big move". Then its "woulda, shoulda, coulda".<br><br>I very much enjoy your writings. Good luck with whatever you do and pass on to your students that the markets will be here long after they have left the stage. No need to hurry.<br><br>All investing is speculation. Everyone makes stupid mistakes. The longer you live, the more of them you will make. You may say you'll “never make that mistake again”, and you might not, but you will make its brother, sister, nephew, etc. After its over, you'll look back and know you should have seen it.

I should know.

It shouldn't matter what market you trade, as long as it makes large enough moves from time to time and you have sufficient capital so that you can extract some profit in the middle of the move. It's all those stop-outs that punish you into quitting right before the “big move”. Then its “woulda, shoulda, coulda”.

I very much enjoy your writings. Good luck with whatever you do and pass on to your students that the markets will be here long after they have left the stage. No need to hurry.

All investing is speculation.

]]> By: irondoor http://martinkronicle.com/2010/01/26/rethinking-risk-proprietary-trading-speculation-and-personal-responsibility/comment-page-1/#comment-214 irondoor Thu, 28 Jan 2010 02:57:44 +0000 http://martinkronicle.com/?p=1548#comment-214 Everyone makes stupid mistakes. The longer you live, the more of them you will make. You may say you'll "never make that mistake again", and you might not, but you will make its brother, sister, nephew, etc. After its over, you'll look back and know you should have seen it.<br><br>I should know.<br><br>It shouldn't matter what market you trade, as long as it makes large enough moves from time to time and you have sufficient capital so that you can extract some profit in the middle of the move. It's all those stop-outs that punish you into quitting right before the "big move". Then its "woulda, shoulda, coulda".<br><br>I very much enjoy your writings. Good luck with whatever you do and pass on to your students that the markets will be here long after they have left the stage. No need to hurry.<br><br>All investing is speculation. Everyone makes stupid mistakes. The longer you live, the more of them you will make. You may say you'll “never make that mistake again”, and you might not, but you will make its brother, sister, nephew, etc. After its over, you'll look back and know you should have seen it.

I should know.

It shouldn't matter what market you trade, as long as it makes large enough moves from time to time and you have sufficient capital so that you can extract some profit in the middle of the move. It's all those stop-outs that punish you into quitting right before the “big move”. Then its “woulda, shoulda, coulda”.

I very much enjoy your writings. Good luck with whatever you do and pass on to your students that the markets will be here long after they have left the stage. No need to hurry.

All investing is speculation.

]]> By: Michael Martin: Portfolio Heat: Amaranth’s Brian Hunter Manipulated Nat Gas | Read NEWS http://martinkronicle.com/2010/01/26/rethinking-risk-proprietary-trading-speculation-and-personal-responsibility/comment-page-1/#comment-211 Michael Martin: Portfolio Heat: Amaranth’s Brian Hunter Manipulated Nat Gas | Read NEWS Wed, 27 Jan 2010 19:26:51 +0000 http://martinkronicle.com/?p=1548#comment-211 [...] does not vitiate the finding that he deliberately manipulated the Nat Gas market. He has personal responsibility for all his actions at all [...] [...] does not vitiate the finding that he deliberately manipulated the Nat Gas market. He has personal responsibility for all his actions at all [...]

]]> By: CrisisMaven http://martinkronicle.com/2010/01/26/rethinking-risk-proprietary-trading-speculation-and-personal-responsibility/comment-page-1/#comment-213 CrisisMaven Wed, 27 Jan 2010 18:45:24 +0000 http://martinkronicle.com/?p=1548#comment-213 I always was fascinated by the unearthly ire speculation would draw: <a href="http://crisismaven.wordpress.com/2010/01/27/economic-fallacy-ii-speculation-is-harmful/" rel="nofollow">Economic Fallacy II: Speculation is Harmful?</a> I always was fascinated by the unearthly ire speculation would draw: Economic Fallacy II: Speculation is Harmful?

]]> By: Michael Martin: Portfolio Heat: Amaranth’s Brian Hunter Manipulated Nat Gas | BlogHalt.com (Pre-Launch) http://martinkronicle.com/2010/01/26/rethinking-risk-proprietary-trading-speculation-and-personal-responsibility/comment-page-1/#comment-210 Michael Martin: Portfolio Heat: Amaranth’s Brian Hunter Manipulated Nat Gas | BlogHalt.com (Pre-Launch) Wed, 27 Jan 2010 17:39:23 +0000 http://martinkronicle.com/?p=1548#comment-210 [...] does not vitiate the finding that he deliberately manipulated the Nat Gas market. He has personal responsibility for all his actions at all [...] [...] does not vitiate the finding that he deliberately manipulated the Nat Gas market. He has personal responsibility for all his actions at all [...]

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