NexusFi: Find Your Edge


Home Menu

 





FT.com: Trader blows €100m hole in Nasdaq’s Nordic power market


Discussion in Commodities

Updated
      Top Posters
    1. looks_one jumpingfella with 2 posts (1 thanks)
    2. looks_two researcher247 with 1 posts (0 thanks)
    3. looks_3 TheShrike with 1 posts (2 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 2,394 views
    2. thumb_up 6 thanks given
    3. group 4 followers
    1. forum 6 posts
    2. attach_file 0 attachments




 
Search this Thread

FT.com: Trader blows €100m hole in Nasdaq’s Nordic power market

(login for full post details)
  #1 (permalink)
jumpingfella
Heidelberg, Germany
 
Posts: 23 since Aug 2016
Thanks Given: 4
Thanks Received: 5

"Einar Aas, a private trader who has been among Norway’s highest earners in recent years due to aggressive bets in European power markets, saw his positions collapse on Monday after extreme market moves in German and Nordic energy markets."

Hi, does anybody have details on the type of contracts this guy was trading?

Reply With Quote
The following user says Thank You to jumpingfella for this post:

Can you help answer these questions
from other members on NexusFi?
Request for MACD with option to use different MAs for fa …
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Trader Dale [email protected] or Scammer Dale
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Tao te Trade: way of the WLD
30 thanks
Supertradersams Thread Journal on NQ/MNQ
25 thanks
Deaddogs Stock Trading
23 thanks
GFIs1 1 DAX trade per day journal
22 thanks
Daytrading ES & NQ
13 thanks

(login for full post details)
  #3 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 922


He was trading a German / Nordic power spread that got away from him.

https://www.bloomberg.com/news/articles/2018-09-15/phantom-trader-who-blew-a-hole-in-world-s-oldest-power-market

https://business.nasdaq.com/trade/commodities/products/power-derivatives/nordic.html

Reply With Quote
The following 2 users say Thank You to TheShrike for this post:
(login for full post details)
  #4 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
Posts: 437 since Oct 2009
Thanks Given: 289
Thanks Received: 773

Yep; no crime - just blew out his firm's/personal coin.

NO ONE is BIGGER than the market. Market spreads/illiquidity can & will expand & you will rue the day you thought 'size' mattered.

I enjoy reading stories of 'big dick' traders fucking it all up! You gotta' stay humble if a 200 lot ES trader or 10 million FX trader or a massive option market-maker or even a chill 5 contract CL trader.

The rules don't change even if you think you are the market - guess what? You are not.

Reply With Quote
(login for full post details)
  #5 (permalink)
 Grantx 
Reading UK
Legendary no drama Llama
 
Experience: None
Posts: 1,787 since Oct 2016
Thanks Given: 2,826
Thanks Received: 5,058


researcher247 View Post
Yep; no crime - just blew out his firm's/personal coin.

NO ONE is BIGGER than the market. Market spreads/illiquidity can & will expand & you will rue the day you thought 'size' mattered.

I enjoy reading stories of 'big dick' traders fucking it all up! You gotta' stay humble if a 200 lot ES trader or 10 million FX trader or a massive option market-maker or even a chill 5 contract CL trader.

The rules don't change even if you think you are the market - guess what? You are not.

Funny part is that he was bigger than the market but got eaten anyways. His position size on that one trade was larger than the available liquidity.

I guess that's the great equaliser when it comes to size. One would think that because a trader has financial clout they can push price around, which they can, but once scaled into a position, they are at the full mercy of the market just like everyone else.

Visit my NexusFi Trade Journal Reply With Quote
The following 3 users say Thank You to Grantx for this post:
(login for full post details)
  #6 (permalink)
jumpingfella
Heidelberg, Germany
 
Posts: 23 since Aug 2016
Thanks Given: 4
Thanks Received: 5



yep, I was just wondering if anybody knows about actual contracts, I had a brief look at this market and there's quite a few of them.

I never traded energy(electricity) before, but keep on hearing that opportunity is out there.

Reply With Quote
(login for full post details)
  #7 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695

Nice, great find. Thanks for the reading material @TheShrike.

Visit my NexusFi Trade Journal Reply With Quote





Last Updated on September 17, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts