yeah, well i work alone and a 6 figure year would look like at least a slight problem but wouldn t mind more social life which i notice revolves around kids school and work after a certain age, or family situation. I must say making decent coin in a fund looksmore fun than making the same coin at home. Then it s been many years since i needed to sacrifice family time for work, i suspect that could suck as well but before that sacrifice i can see quite a few hours wasted in a day that.could be used more productively. Sports is cool if u have a lot of free time but injuries.can make huge dents in ur sports schedule - and morale. Reading Straight to Hell btw, which pribably influences this post.
I agree it's not easy. Intraday the best I can do is 180$ on Crude Oil. I've stopped trading anything below 50-80$. Some markets are easier than others, for instance Wheat, Soybean, Cocoa, I've never ever ever been able to get > 40$
To be honest it's not that much about the money, but it's impossible to have access to the same infrastructure in a hedge fund and in a basement. Anything from data to simulation to crunching / machine learning infrastructure is just way too expensive even if you have a capital of 4-5m$. One of our competitor is paying a guy to count the number of cars that go through the Brooklyn bridge every morning. They've been doing it for 12 years. Supposedly that gives you a good idea of NFP numbers 5-7 days ahead... this kind of data is hard to get when alone... Then bouncing ideas with people is also hard when alone.
Similar to using drones to count cars in store parking lots for the retail numbers. The "lone wolf" trader metaphor is a myth. Progress comes from collaboration not from mad geniuses toiling away using charts to discern the future. History has proven this time and time again, why some don't get it is a mystery.
Correct, it's an incredible opportunity. Why it is getting trashed Tells a sad story about the folks trashing it, nothing more.
False. Most people just don't possess the required level of observance, diligence and numeracy to design and implement a successful method. It's hard work
No, just chuckling at how big the operation grew-- not the opportunity itself. When i worked for a HF in NYC, we tested over 100 supposed winning elite traders for funding. 99% failed and this is vetted guys with proven track records. Some of these people were still posting here with large followings up until recently Only 1 trader had a real edge and its nothing u could ever imagine.