I was going to say something else but i will tell you about a conversation I had with a Macquarie bank trading risk manager, that i met out one night.
His job is to pull up traders to make sure that the capital they are risking on the trade has a good profit to loss ratio. He has the final say 'yes or no' if the trader will put on the trade.
I was interested to know how mqg managed there risk. He told me what industry group he managed. I racked my brain. One stock had collapsed in the last week. Due to an announcement. So I asked him
how does mqg manage the collapse in price like xxx did last week?
he responded
You can't it called " behavioural finance do you know what that is?"
yes i said
- (sorry can't mention the industry group not fair on him[- nice guy
- Forums
- ASX - General
- need ur inputs to conduct productive research.
I was going to say something else but i will tell you about a...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)