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Rationalize
 

Registered: Jan 2010
Posts: 774

 

04-24-12 05:04 PM


Quote from booked:

probably 4-5 guys in this prop shop earn more than $1m/year then there's probably 10-15 guys below them who earn anywhere from 200-600k, then the newer guys below them, anything up to 200K.



Similar story within brokerages, with less risk.

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newwurldmn
 

Registered: Apr 2011
Posts: 2621

 

04-24-12 05:23 PM


Quote from peilthetraveler:

What old traders say to new traders

"90% of traders lose all their money"




What new traders hear old traders say

"10% of traders LIKE YOU will make a million dollars per year or more!"



+1

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bone
ET Sponsor

Registered: Apr 2002
Posts: 4327

 

04-25-12 02:58 PM


Quote from bballer2300:

Do you know anyone who has made a full time living trading/investing in stocks? I have not nor have been able to do that myself. Or how much full time proprietary traders earn? Any advice is appreciated.



Wouldn't the better question featured strategy ? Profitability is entirely dependent upon successful strategy and implementation of that strategy. The money is really just a natural consequence of that.

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syswizard
 

Registered: Jun 2004
Posts: 3610

 

04-28-12 04:13 AM


Quote from bone:

Wouldn't the better question featured strategy ? Profitability is entirely dependent upon successful strategy and implementation of that strategy. The money is really just a natural consequence of that.


Exactly....and now I wonder, given the speed of intraday trading, how many of the successful traders are using gray-box systems....i.e. they are given the signals, but enter the trades manually ?

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tenthousandmen
 

Registered: Dec 2011
Posts: 728

 

04-28-12 06:06 AM


Quote from emg:

of more than 500 prop traders i know, 98% loses while the 2% are successful.


the losers average -$25K minimum annual income

the winners average $200K minimum annual income





They just lose!

im sorry please make a flow chart for me to understand and expend time on

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