Do any prop shops/firms have an edge?

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Depends on your basket. Generally speaking it is a loosing strategy because of too many friction costs.

 

The answer is yes as long as the books have nothing to do with trading.

 

May be you shd write a book about trading when you are not trading or posting in ET

 

Reading books is better than nothing when you have nobody to guide you. There is a ton of junk out there though.

 

I heard a lot of stories about traders who gave up hope for consistency, so who retired and wrote books.
Jesse Licermore, wrote books only after his bankruptcy.

 

"Those who can do. Those who can't teach. "
Ernest Hemmingway

 

infrastructure, credit lines, access to multitude of products, reduced fees. Some firms provide so much that you never hear of employees leaving and starting their own firm

 

Yes, but only because his son gave him the idea.

In any case the only book Jesse Livermore wrote was "How To Trade In Stocks" (published in 1940).

It received very little attention, due to World War II.

 

Good question Sandy_s.

You can find more additional information and facts about the "Magic T" indicator here:
https://mrtopstep.com/magic-t-theory/

 

Thanks Tradex.

This will be an interesting read for me.