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dealmaker

Registered: Dec 2006
Posts: 607

10-29-12 07:05 PM

Quote from toucan:

I have traded from home for 15 years, stocks for the first 10 and futures for the last 5. If I were to start out today, I would go the prop firm route. However, i'm not sure I would make it starting out today as the market is much harder to trade than 15 years ago when the market was bull, bull, bull. I only traded stocks long for the first 3-4 years and switched to long/short trading after the tech bubble burst. After the high frequency trading computers took over for stocks, i switched to futures.

cheers

toucan

Agreed, market is much harder today. I thought about making the switch myself but then I thought HFTs will eventually infest all the markets.

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DuyLe

Registered: Oct 2007
Posts: 52

10-29-12 08:41 PM

Quote from dealmaker:

Agreed, market is much harder today. I thought about making the switch myself but then I thought HFTs will eventually infest all the markets.

Some food for thought...I read some articles that show HFT as declining.

http://www.nytimes.com/2012/10/15/b...orithmictrading

http://www.nytimes.com/interactive/...cy-Trading.html

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dealmaker

Registered: Dec 2006
Posts: 607

10-29-12 11:28 PM

Quote from DuyLe:

Some food for thought...I read some articles that show HFT as declining.

http://www.nytimes.com/2012/10/15/b...orithmictrading

http://www.nytimes.com/interactive/...cy-Trading.html

Like anything else they will reach an inflectionpoint where more HFT are detrimental to the markets than less however, there will always be enough of them to control the markets in terms of daytrading. NYSE not opening 2 days in a row because market participants did not trust algo trading alone shows that there is still room for us in the trading world...

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dolemitettu

Registered: Jan 2012
Posts: 111

10-30-12 05:34 AM

dealmaker - I'm interested in the name too. Thx.

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dealmaker

Registered: Dec 2006
Posts: 607

10-30-12 06:30 PM

I have spoken with the owner of the San Ramon prop firm and it turns out he has relocated thus the firm is no longer operational however he did say that there is a firm in Lafayette and that he will get me the name, as soon as I hear from him I will post the details.

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garachen

Registered: Dec 2007
Posts: 149

11-29-12 07:16 AM

I'm in Alamo. Near walnut creek. Trade full time. If you are ever in the area and want to meet let me know.

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