Page 2 of 4
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.
Post Your Comment
Don't have an account?
Join Forbes Now.
Comments
There is an Alessio Rastani appearing on the electoral roll as living in North Kent, or to put it another way, S. London, over the last few years who would be about the right age.
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… ?
I am SO unbelievably sick of corrupt newspaper paying idiotic journalists to do their dirty cover ups.
The trader looks NOTHING like the guy from yes men.
The BBC and other big institutions are scared of the publics reaction and ARE CLEARLY trying to frame this Trader.
The trader speaks the truth. Which is that the money institutions DO rule the world. and that a select few not only profit from the collapses but they also help to cause them!!!!
Until we wake up to the lies that the big money makers spread to stay on top we are consistantly slapped in the face by these pathetic journalists.
The Trader last night was just being brutally HONEST.
SCREW YOU FORBES FOR TRYING TO DECEIVE THE PUBLIC AGAIN!!!!!!!!!!!
I checked out the video of the Yes-Man in the interview based on the Bhopal Disaster, and it is clearly not the same person.
I am very disappointed in your article, you have implied this guy is a fake, provided no evidence inferred that he is a fake.
So if we can’t rely on the BBC, since he is not an established employed trader and can’t rely on Forbes, because the report on their gut instinct with no facts or verification of the facts, where do we go from here?
Emily Lambert you need a slap in the face for trying to deceive the public!
Just because you spent years working hard to get this good job as a journalist does not mean you have to put up with the forbes decision makers as they do their best to corrupt you. Where is your integrity?
This is a pack of LIES LIES LIES.
The trader was speaking the brutal TRUTH. and looks nothing like the yes man.
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
Nick — it’s obvious he’s real. It’s purely the work of propaganda producing any doubt. He didn’t even say anything that isn’t common knowledge to everyone not a) fully propagandized in favor of markets/wall st/capitalism, or b) in denial due to being involved in the markets. Of course Forbes is going to throw up a title positing if he’s a prankster, but everyone knows politics is the shadow cast by big banks. My god, read the CitiGroup “Plutonomy” memo and get a grip.
E. D. Kain had a comment about Mr. Rastani yesterday on these pages.
This man, whoever he is, was obviously “talking his book.” He’s short up to his eyeballs, and speaking to the BBC is a perfect opportunity to say things that will make his short positions more valuable.
Only one problem; it didn’t work!
Easy come, easy go . . .
I am sure he is a trader. His experience and knowledge bout the market cant be faked easily.
Even if hes a prankster, he sure did a lot of homework to even fool me.
And he is persistent bout the Dow future, thats a trader’s ego.
At least he did better than the forbes interviewer. FORBES: Do you trade the VIX?
Do Forbes people even need to ask this…. Probably an amateur interviewer.
I admit Emily Lambert is very hot, but she just dont have what it takes to be in the market sector.
And no way i gonna get her “history” books .
I probably will be more interested on how market makers earn money from stop losss hunting, forex market makers insiders info, blah blah, dirty Federal Reserve scandal, blah blah, something like that.
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…
He’s clearly not Andy Bichlbaum. See photo comparison here:
http://metabunk.org/threads/265-Debunked-Alessio-Rastani
Bichlbaum and Rastani are two different people; look at recent videos of Bichlbaum (http://www.youtube.com/watch?v=JOia0yByoDM). Unless the shape of his chin and nose changed, and he had an SFX artist create prostheses to cover his wrinkles and create a new hairline.