They say that success leaves clues.
If that’s true, and I believe it is, more traders should pay attention to what Goldman Sachs’ trading desk does.
This is from their 2016 annual report.
29 trading days with a loss.
222 trading days with a gain.
19 of those posting DAILY gains in excess of $100 million.
I decided to dig a little deeper into their methodology and discovered that most of their trading is execution trading and/or market making.
So, that’s just marking up orders that clients – institutional and individual – call in.
But that’s not all of it.
And 222 days of #winning is pretty impressive.