maycontainnuts wrote: ↑Wed Jan 15, 2025 4:00 pm
Given the sort of P&L's he has posted, I think people would expect something in the millions, even over the short term.
Looking at the statement, it seems like he is under water recently. The charges are 40.7%, which would equate to about -£15k.
Worth thinking about how much you have to turnover to make a million. Take a 4% edge which is admirable you'd have to turn over 1 million to make £40k never mind make a million (excluding charges)
Then there's market liquidity constraints to work within. I think there's a massive mis-conception of how people make money. If you want big numbers you have to churn money through the markets constantly and effectively.
This is itself becoming more difficult due to falling liquidity and more competition.
