| ▲ | DoesntMatter22 17 hours ago | |
Not profit then at all is it? As I said | ||
| ▲ | phil21 8 hours ago | parent [-] | |
It’s trading profit. No one is counting their gains from a trade while including their rent into it. It’s a much easier to understand metric when you are discussing losses on a trade. No one is calculating losses including salaries. It means Jane Street is still highly profitable in trades this year despite making a bad bet. If they have overhead that eclipses that, that is an entirely different metric. | ||