Re: Ask mrbaseball about trading for a living
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Quite a few trades were obviously done on behalf of clients, who would then obviously take the win/loss as the values of the bonds changed. But quite a few of the traders were out there trading on their own as well to make profit for Goldman, just the same as many of their counterparts at other firms.
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That should be your answer right there. On behalf of others means they are brokers, no? So, obviously they aren't losing money, their clients might be though.
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