Thursday 16 May 2013

100% profitable days in the 1Q 2013 - unfortunately not me

as shown in the 1Q financial statements Bank of America in the first three months of this year, Bank has had 100% profitable trading days:

"The histogram below is a graphic depiction of trading volatility and illustrates the daily level of trading-related revenue for the three months ended March 31, 2013 compared to the three months ended December 31, 2012. During the three months ended March 31, 2013, positive trading-related revenue was recorded for 100 percent, or 60 trading days, of which 97 percent (58 days) were daily trading gains of over $25 million. These results can be compared to the three months ended December 31, 2012, where positive trading-related revenue was recorded for 97 percent, or 59 of the 61 trading days, of which 69 percent (42 days) were daily trading gains of over $25 million and the largest loss was $50 million."



a similar situation can boast bank JP Morgan, which also reported a 100% profitable trading days. 


the graph shows that the most profitable day brought the bank $ 200 million.

soon more investment banks will praise the results in quarterly reports. This is another proof that they are the only entities in the financial market which receive profits from trading. Therefore it is important to build own investment strategies on the basis of their opinions. It is the banks generate demand on the market and create  a trend for the rest of the investors.

best regards,
oscarjp







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