So he is too good at buying stocks but doesnt know his average price or size as he buys and sells a lot>>>>this is his statement....well that is beyond belief...as 1) with the size he trades for sure he can afford a bloomberg trade screen to put his positions in...that will calculate his average price on the spot 2) dealing with 6 brokers is no excuse as every broker will give him at the end of the day the size he traded, against which price....they have to right as the trades have to settle T+3 or whatever it is here...only thing to do then is get the 6 together at the end of the day...takes you 5 minutes max then you know...3).For a DVP he needs to know exactly how much money he needs to put up in case of a buy or will receive in case of a sell.......to calculate your position it takes a minute...number of shares you own then divide by total outstanding number of shares of the respective company......So it all sounds very dodgy to me...I think (personal opinion) he wants to avoid that other guys run positions on the back of his directional trades.....he wants to keep it all quiet till he is done buying or selling in a company ( better for his average price)......I worked for over 22 years with the best traders in the world....wake them up at 3 am in the nite they will tell you their average price and size behind the dot...if he is that good as he claims then he should know.......Reporting so late frequently is a cardinal sin and if the Regulator would have done their job properly in the past they at least would have fined him massively and ban him for a period of time or for good.....what he says just doesnt make sense! He should be banned......its dodgy trading......hire a guy for 5 k a month if you can't fill in a form a 12 year old can fill in....... 16/05/2016 20:02
Blog: Tycoon Koon tells his side of story about his stocks
2016-05-16 20:20 | Report Abuse
So he is too good at buying stocks but doesnt know his average price or size as he buys and sells a lot>>>>this is his statement....well that is beyond belief...as 1) with the size he trades for sure he can afford a bloomberg trade screen to put his positions in...that will calculate his average price on the spot 2) dealing with 6 brokers is no excuse as every broker will give him at the end of the day the size he traded, against which price....they have to right as the trades have to settle T+3 or whatever it is here...only thing to do then is get the 6 together at the end of the day...takes you 5 minutes max then you know...3).For a DVP he needs to know exactly how much money he needs to put up in case of a buy or will receive in case of a sell.......to calculate your position it takes a minute...number of shares you own then divide by total outstanding number of shares of the respective company......So it all sounds very dodgy to me...I think (personal opinion) he wants to avoid that other guys run positions on the back of his directional trades.....he wants to keep it all quiet till he is done buying or selling in a company ( better for his average price)......I worked for over 22 years with the best traders in the world....wake them up at 3 am in the nite they will tell you their average price and size behind the dot...if he is that good as he claims then he should know.......Reporting so late frequently is a cardinal sin and if the Regulator would have done their job properly in the past they at least would have fined him massively and ban him for a period of time or for good.....what he says just doesnt make sense! He should be banned......its dodgy trading......hire a guy for 5 k a month if you can't fill in a form a 12 year old can fill in.......
16/05/2016 20:02