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Essay / The best traders in the world - 1042
Position is everything. And it turned out that a number of traders thought they had a position. There are about ten thousand of them. And then there are those who know they have a Position – around fifty. The first fifty or so have very little that distinguishes them from one another; the top seven know the business models of each of the fifty. Then there's the reason the top seven are in the top seven: they have more money behind them than anyone else. And who is the winner? Well, let's stay there. Japan trades in a certain way. Their traders are usually easy to spot because they trade like a mountain. That is to say, their induced model on the market looks like a mountain, and this is also their style. Even if they invert the mountain, one can still find the mountain - because a big up and down movement with a few peaks and valleys in between looks like a mountain, inverted or not. These mountains are reminiscent of the island of Okinawa, and Mount Fuji, an active volcano. The first day, they beat me to death. I lost money. Japan makes funny trades, in some ways. They don't always swap positions immediately and sometimes wait days before doing something. For what? Their reasoning: to ensure profits. Remember, they don't just trade currencies and stocks, they also ship physical goods; cars, toasters, electronics, etc. No one knows exactly when the goods are moved – it depends on how someone high up feels. This randomness ensures that Japan can move freely and with (a) maximum utility. And so I lost money. But we gained a position, because that’s how we learn. Luxembourg does a completely different business from the others. They cause large movements as unpredictable as middle of paper... someone else. This means I made the right decision, because Eric was trying – and succeeding – to crash the market. The only choice Eric has is whether to send the market up or down, and I will know. I will make some money, but not much. What's interesting is the direction. If the crash goes in the wrong direction, then everyone loses money and dies. If the crash goes in the right direction, then everyone will end up with money and the crash can be managed. I'll watch. There are fifty traders left. If I beat them, co-opt them, then maybe we can aim for the crash. There will be money for everyone and for me. And this? I'm sure at least one of you is reading this. And yes, I know, none of you have the intelligence to prevent a catastrophic accident. Well done. Seventh day: I had to win. I lost money, but I won the game. Now the market does what I tell it to do. First day: