Chat With Traders 279: Saad Filali - Front-Running News Flow Trading
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Apr 24, 2024 Former Goldman Sachs employee turned Trader, Saad Filali, now managing Fiat Elpis Macro Fund, discusses predicting market movements by studying different trading styles, news flow trading, and balancing market pricing with fundamental valuations. Insights also shared on market dynamics, front-running news flow trading, valuation methods in various markets, leveraging news flow, and navigating market distortions and legislative influence.
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Client Communication at Goldman
- Saad would contact clients 1-2 days before an event like the non-farm payroll.
- He'd explain his prediction and clients would instruct him or the trader to position accordingly.
Goldman's Value and Bloomberg's Impact
- Saad's Goldman Sachs experience provided limited practical trading skills but valuable research access.
- Listening to Bloomberg Radio for years significantly sharpened his market understanding.
Embrace Market Trends
- Avoid rigidly applying logic to markets; sometimes, follow trends, even if counterintuitive.
- Recognize assets like Bitcoin can appreciate due to strong belief, not fundamental logic.