A Decade Comes Due: Four Traders on the Desk’s Biggest Day
March 23 reconstructed: positioning, execution, missed millions, fatigue and Tuesday’s spin-off (Iran War Dispatches, Part III)
Dear Practitioners,
This is Part III of the 2026 Iran War Dispatches, directly sourced from AXIA’s trading floors and the lived experience of its traders.
In Part I, Minute’s Madness, you read about March 9: a day that produced all-time career single-day best P&Ls for many traders, and which carried with it a host of tactical lessons and career imperatives. That was followed by Part II, After Minutes of Madness, which broke the day down further and drew out its deeper lessons.
But then came Monday, 23 March—straight from Trump’s Truth.
What follows is a comprehensive breakdown of that day through the eyes of four traders: The Warrior, The Godfather, The Kid, and, this time, R.G. from the Cyprus floor—a returning figure in this unfolding cast.
Let’s just say March 23 blew out of the water what had already seemed incredible two weeks prior.
Lastly, a big thank you to the traders involved for their promptness, generosity, and the depth of their answers in helping Asymmetrist get this down into history. It may not come through fully through their words, but speaking to a number of them, you can hear the growing fatigue in their voices. After weeks of long hours at the desk, the whole narrative has taken on an altogether different dimension: the demands of stamina—the same, but more so. And still the boundaries keep getting pushed.
This one is for the record books.
Good trading and good reading to you all,
Bogdan
P.S. This was originally due to go out in last week’s issue, but for many reasons it was unavoidably delayed. We still got there in good time—and, as ever, better complete and right than rushed. Thank you for your patience.
Iran War Dispatch Series, So Far:
Part I: Minute’s Madness: A Trading Team’s Multi–Seven-Figure Day (March 9)
Part II: After Minutes of Madness: A Desk’s Debrief (March 9)
Part III: A Decade Comes Due: Four Traders on their Desk’s Biggest Ever Day (March 23)