Emily Lambert

Emily Lambert, Forbes Staff

I write about money and markets.

Personal Finance
|
9/27/2011 @ 8:35AM |169,311 views

Trader Or Prankster? We Called Alessio Rastani And Asked

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Basically, markets go through periods of high to low volatility, and what you want to do, the style I prefer is to be prepared for the moment when there is a sudden shift from low to high volatility, capture that momentum and ride it as high as you can. You can be very good at predicting direction, but you can really never be 100% sure about the magnitude. So what you need to do is keep yourself in the markets as long as the trade is working your direction. And when you realize when the trend or mom is weakening, then just get out.

What you could say, I’m mostly a technical trader. I look at charts. I’m not a big, huge fan of funny analysis, you know, fundamentals.

FORBES: What front end do you use?

AR: I’m sorry.  In terms of what? Oh, I use actually TradeStation. I don’t know if they want to advertise that.

FORBES: Where did you grow up?

AR: I grew up in London. I spent some time in Italy, some time with my folks in America. My uncle lives in California, two uncles in California. My folks, I can’t comment on them, to be honest. I can’t say where they are right now, they’re temporarily out of the country.

FORBES: How have you done since credit crisis?

AR: I’m doing well. The markets can be punishing as well as rewarding. If you break your trading rules and don’t take care of the risks and just take care of the rewards, the markets will punish you. Every now and then, I get tempted and do break my rules. As far as the credit crisis, my biggest regret was that I did not make as much money as I should have done, because that market was beautiful. Nice trends and nice volatility. My biggest mistake was basically getting sucked into waiting for news, distracted by the fear… what I should have done is stick to my plan and my strategies.

FORBES: Do you trade the VIX?

AR: Did you say the VIX, V-I-X? Volatility index. That’s not my thing, to be honest. To be successful, just stick to a few markets. I like the Dow Jones futures, I like the Euro-Dollar forex markets. EUR USD. I’m talking about Euro-Dollar, spot, the major pairs.

FORBES: Why the Dow?

AR: Good question. I look at the S&P futures. If I see a signal, I’ll take it in the Dow. The S&P contracts, each tick is going to cost you a lot more than the Dow. The Dow gives you more flexibility. I will look at S&Ps if I see trading opportunity on that. Their movements pretty much are correlated.

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  • Mark Hughes Mark Hughes, Contributor 13 hours ago

    I’m not sure this trader-guy is the same guy from Yes Men in the Dow Chemical video. Here, look at this clip of the Yes Men guy, the same guy who was in the Dow Chemical hoax interview:

    http://www.youtube.com/watch?v=GhrpSW_pnck

    Here he is in a video about the Dow Chemical hoax:

    http://www.youtube.com/watch?v=LiWlvBro9eI

    Here are some photos of him:
    http://www.google.com/search?q=%22Andy+Bichlbaum%22&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&hl=en&tbm=isch&source=og&sa=N&tab=wi&biw=1280&bih=666

    Is that the same guy? He seems older and with a different shaped face, brow, and ears to me, but I can’t say for 100% sure, of course. Maybe he’s another member of the group, or is part of their general offer to folks who can pull of this kind of hoax, though… ?

  • nickbraak nickbraak 12 hours ago

    I work in the areas of online identity checking, OSINT and reputation, so I did a little quick digging and found that he has content online going to 2009. Youtube, facebook and myspace. Those timelines are almost impossible to fake. I say he is real.

    Also whilst searching I found a story about young love in Iran.

    “Alessio Rastani, 33, is a London stock market trader of Italo-Iranian origin. He regularly visits his relatives in Tehran.”

    http://observers.france24.com/content/20101006-iran-youth-flirting-tehran-cars-traffic-jam-boys-girls-iran-zamin

    • Called-out comment
  • Daniel Nye Griffiths Daniel Nye Griffiths, Contributor 10 hours ago

    It seems perfectly possible that he’s a real trader, but he’s also a day trader – no more a “City trader” than I am. The more interesting question might be how the BBC got hold of him in the first place, if so. If he speaks at small investor events, as he seems to, he might possibly have an agent touting him for media placements – he might be a friend of a friend, or there might have been an appeal on social media for a trader to be interviewed.

    There are plenty of soi-disant investment experts sitting at desks in their homes trading more or less successfully. Some will have strong views, and most will have less media training than any representative of, say, Goldmans trusted to go in front of a camera. If anyone at the institutions is praying for a recession, they certainly won’t be saying it on TV, because their business model is not built around website hits and bookings at speaking events…