On call : CNBC

Ray Barros on call today over the volatile markets :

Volatility will decrease and the S&P 500 will correct to 1,062 over time before markets rally again, says Ray Barros, CEO of Ray Barros Trading Group. He talks to Michael Yoshikami of YCM Net Advisors, Enzio von Pfeil, CEO of EconomicClock.com and CNBC’s Oriel


Bickering in Greece and the EU will continue to rock equity markets, says Enzio von Pfeil, CEO of EconomicClock.com. Michael Yoshikami of YCM Net Advisors adds that a more pro-active ECB will help to reassure markets. They talk to CNBC’s Oriel Morrison and Bernand Lo.



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9 thoughts on “On call : CNBC”

  1. here i like to bring an issue that is worry me for a long time,

    which is the traders are now in direct access to internet electronic trading.

    they control their fortune by a press of a button. especially in the area of stock speculations. (even the aunties and uncles can have a trading account)

    also as i am quite a high frequency trader of the stock exchange, i occasionally make trading mistake by enter the wrong trade. (buy to sell, wrong quantity and wrong price)

    one safety net i use is to limit my quantity per order, say i want to buy 100 lots, i will execute 5 times of 20 lots each, beside double and triple check on the open orders.

    i just feel this whole thing is a ticking time bomb for the individual traders.

    and if one know how market works, it is to caught the unprepared and unexpected traders, render them paralyse and unable to act.

  2. Hi

    The story that the down move was exacerbated or caused by a trader accidentally typing 13B instead of 13M seems either like a fairy tale or a condemnation of the back office, risk management practices of the institution in question (Citi?).

    I have traders in my employ and I have preset limits on their maximum size. These are not just order limits but open position limits. Exceed the present open position limits, and the system will reject their orders.

    Compared to Citi (?) I am a small fish. So unless the trader in question had authority to trade 13B or Citi (?) does not have limits on its traders, this story is likely to be just that, a story.

  3. yes, neither do i believe the “fat finger” that can cause the market to collapse. but making trading error is a common thing.

    i’m not surprise with the magnitute, but surprise with the speed. the bulk on the move to the bottom if i remember correctly only takes less than 5 minutes. 5 minutes to wipe out a trillion dollars in value just in the stock market.

    good luck to the traders who are over-leverage and over-margin.

    whatever the case and who ever you are, no one like this kind of volatility in the market place.

    my main concern is the easy accessability of speculations among the population. i’m surrounded by many.


  4. trading system aside, here is what i must really learn from a trader like you namely,

    i have an edge over trading, no doubt about it, for the past 11 years my average return was 20-30% without a single year lost, last year was a wooping 330% with very little leverage (1.2x), hence lies the danger ahead i’m aware.

    i’m almost 50 years old and my children are still too young to learn anything about speculation.

    i wanted to grow my equity even bigger but i do not want to share my edge, sharing experiences is ok.

    trading has becomes even more lonely and i think i do need some kind of physcology helps. perhapes its my strong inner quest to be recongnised being a good trader.

    have you ever feel this way and what do you think i should do. ofcos you can choose to ignore my question.

    its a bit personal but its every bit of my trading life. somehow i know i have to solve it myself.

    thanks for listenning.

  5. Hi

    That is a remarkable track record – one of which you should be justifiably proud.

    I share some understanding of your problem.

    Without a doubt, trading can be lonely. I do have an escape hatch – I love to teach and teaching has provided me with many good friends and acquaintances.

    I make it a point to take time out to ‘chew the cud’ in a social context.

    I am also very blessed in that my friends make an effort to organise ‘get-to-gethers’. I guess being professional traders themselves, they too have a need for a social context.

    When we get together, we share what we are prepared to share and no more.

    In your shoes, I’d see what I could do to widen my social circle – join a chess club, for example.

  6. many thanks for that valuable advice.

    yes, thats the different between a more experience trader than a less experience one.

    i like to teach too but i always hit a wall when i do it, haha.

    i’ll work harder on it.

    again thanks, you nail my problem.

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