I actually agree with the OP's general point about daytrading firms taking advantage of young college grads - pumping thier heads with the get...
Given that firms like Rennaissance Technologies do, on average, 4-7% of the volume on the NAS, yes it makes perfect sense. What's your point?
The interview process consists of 1 or 2 interviews. Again, this is NOT a job. You are the input of thier business model - as long as you are...
Yes, some guys made money - most did not. There was 1 trader there would regularly would net (after his cut to Chimera) 50k per month. But, he was...
Iâm going to tell you about Chimera having worked there for 6+ months. Yes, they pay a draw. Yes, they hire recent college grads. No, they...
To setup a prop shop, you donât need talent â you need fish. You need guys who are smart enough to aspire to something, but dumb enough to...
When I start my daytrading firm in India or Indonesia, I want 100 Mr. Chan's. Only I'll limit thier size to 300 shares. lol
I think we need some more clarity. First, is the guy buying S&P futures contracts?? S&P Options?? Or simply the SPY on an unleveraged basis?...
call nick nazarov at Bechmarq Trading. www.benchmarqtrading.com
What's more narcissistic: Claiming to be a brilliant trader or claiming to be able to discern the subconscious nuances of someone else's...
Pair trading is a near-attenuated strategy that is the day trading firm owner's best buddy. You see, pair trading used to be a near risk-free...
The only advice I can give you is: 1. Specialize in a sector (you seem to be doing this already); 2. Run correlations between your stocks...
That there are sellers in a declining market? Sure. But, I see no point in forming a conspiracy theory. The market is set up so that most players...
Nope. I just don't believe in armchairing variables that are steeped in baseless fantasy - like sellside desks unloading and the specialist trying...
This is pure conjecture.
You are mixing apples and oranges. There are really only two types of trading jobs. The first is one where you enter in some type of support...
Shorting is NO DIFFERENT than going long and knowing where you'll get out. The reason that people say, "Shorting is risky" is because the...
Never seen GS up on a S&P/Dow down day. The correlation is .90 Is there news?
The markets need buyers to short into. So please, by all means, buy the dips. This is how institutions make money. They short into Joe Schmoe,...
I bought a bunch of Jan 08 VLO 50 calls. I feel it tracks oil pretty closely. Bought 'em at 6.47, but not sure I'd pay more than 7.25 right now....
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