Goldman Sachs Trading Cash Machine and their ULTRA Proprietary Program Trading Profits Machine
Think of this:
90% profits of $13 billion in prop trading in 2012
75% of 2009 profit from trading (during the financial meltdown)
– See more at: https://quantlabs.net/blog/2014/06/goldman-sachs-trading-cash-machine-and-their-proprietary-program-trading-profits-machine/#sthash.Rvb3YzX7.dpuf
Man, there are those crazy numbers for their trading side. I think they do other 10% of proftable activity really is where most of their expenses reside. What a waste to have deadweight departments like M&A, credit, bank, tax, etc. I don’t they really need to do these while trading.
Don’t get me wrong, this is still an evil company as these news stories portray. All I am saying is that their trading is the most important division. This is all you should care about.
Imagine this? What happens if you were able to scale up your most profitable trading ideas. You know, in dozens of automated trading processes in parallel? That would be potentially have profitable trading person on your desk. Is it possible? Of course!
–> LEARN HOW TO AUTOMATE YOUR WAY WITH TRADING NOW <—
BryanNOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!