HAHA! I love this post!! yeah, only 5% a month?? WTF? That's like 60% a year! Most professional money manager will sell their souls to get that...
Hey Fellow Traders! I just want to make an informal survey and get a feel of where people are at and how long and difficult is the path to...
I totally agree. I'm actually a VERY light trader. I have yet to trade anything even remotely close to 100,000 shares a day or even 50,000...
OK. The problem with scalping is the liquidity isn't there for most stocks. It's very difficult that you can buy 10-20K of a stock at the same...
Daniel, Yes, there are plenty of traders like that and it's considered quite normal and not intense even. Many of the traders at these prop...
Hey, if you have such a technical background then good for you. You should definitely try "system trading". You can try Tradestation 6 or any...
OIC. And how much margin you have to put on for 80 ES contracts? I know I can go to the CBOT/CME website, but I'm too lazy. Now contrast that...
I would tend to agree with Hitman on this on but with a few caveats. $500K/yr works out to be $2500/day, which on paper doesn't sound that...
SHIT!! You are making me reconsider my chosen path here.. Maybe I should squirrel back to the institutional world with guarantteed salary and...
StatTrader: I was part of the Establishment. Top school credentials. Worked at Merrill. Then went on the buyside managing institutional...
ahem!! Gee. I think there's a MAJOR confusion going on here between various players,comp, and what they actually do. OK. The major Wall Street...
hey guys! I fyou want to see a HOT woman trader, check out Barron's April 1,2002(this week's issue) on page F20! Has a pic of Lisa Burke a...
Arb, those numbers are pretty accurate. I went to a top school and here's the typical salary range for my school for Wall St firms recruiting...
Originally posted by Hitman : "I will use an example of a trader on my team, brand new guy, no previous experience, no capital, started with 70%...
Hitman: THanks for you responses! It clears up some questions, but I got a few more questions to ask. Scenario 1: A new trader comes in...
OK. Read my other posts about recruiting advice. It's buried somewhere on this site. I wrote a pretty detailed how-tos. I did graduate from a...
Hitman: Hmm.. I want some clarification. TraderJimbo wrote: "Can you tell me if I came into worldco with a 35k deposit - and was on a 95%...
I'll be interested in seeing the success rates statistics as well. To me, it seems that prop trading/daytrading is an excellent way to for the...
Predictor wrote: "Trader 99! Just wondering why leave an institutional career for daytrading? Just personnal curiosity!" Nowadays, I...
Having gone to a top school, worked on both sell&buy side institutional world, and now doing this prop trading thing, I can HONESTLY say prop...
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