Author Topic: The story of Navinder Singh, the London retail trader accused of the 2010 crash  (Read 152 times)

PipMeHappy

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https://chatwithtraders.com/ep-194-liam-vaughan-flash-crash/


"Liam Vaughan is a finance author and senior reporter for Bloomberg.

His latest book Flash Crash tells the story of Navinder Singh Sarao, a London trader, living at his parents house, who made ~$70M from his bedroom and was later accused by the U.S. government of playing a role in the 2010 Flash Crash."

Kim

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Have you read this Pipmehappy?
I haven't heard of him as this was before I started getting into trading, but I  am tempted, so would appreciate your opinion.
Kim  :)

PipMeHappy

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Hello @Kim  here is the author speaking about his recent book:

https://www.cityam.com/a-machiavellian-mastermind-or-a-naive-kid-the-story-of-the-flash-crash-trader/

I also just listened to the whole interview on the podcast and it is an
amazing story...

If I had time I would read this book immediately but I do not have
capacity at the moment with my CMT exam preparation.

Yes, the story was big news at the time...



eddieb

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Thats an interesting article PMH, thanks for posting.
Think I'll get the book ordered and have a little read, will let you know what I think of it.
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

Kim

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Hello @Kim  here is the author speaking about his recent book:
Thanks Pipmehappy.

BWS

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I remember when this happened, the media of course went to town on it as they do. Mind, a 1000 point drop on the DJ in seconds would catch their attention.
From what I remember the lad was unlucky in so much as what he was doing had only been made illegal by the US a few months before and he wasnt aware of this.
The US courts sympathised with him and he got a very lenient sentence, 1 year of home detention.
"I wouldn't say I'm the best manager in the business, but I'm probably in the top 1" - Brian Clough