I've been scalping the DAX futures for the last 6 months. I was just laid off by my company and would like to to continue with a trading job. Here's the info that I'm not sure how to deal with: - On the whole, I was net negative for the duration of my trading. - However, I was net positive for every month in the DAX after 8:30 EST (ie once the US hours and economic releases began). - I occasionally position trade stocks (only like 1x a week or so) and have made something like a 40% return. What can I say about the overnight hours in which I wasn't successful?
I think your post belongs to the Posts Hall of Fame. In the Shame section... I am amazed just how lazy and/or stupid people are nowadays, that they can't even think of a good lie for themselves. Your requests is equivalent of this:" I would like to rob a bank, but don't know how to start. Please advise..." How about a reality check, that overall you are not a succesful trader? But since some part of your tradings were actually succesfull, why don't you stick to the position trade and the after 8:30 trades and in another 6 months you would have no reason to lie about your record? Just a thought....
I didn't want to lie about it. I just wanted help thinking of a way not to answer the inevitable question in a totally unacceptable fashion. This whole resume thing is because I don't have any infrastructure (ie. idea where to start) to trade futures independently, so this post was under the thinking that I wouldn't be able to trade the DAX during the US hours for the next six months. Speaking of that, I'm looking up what kind of tools/etc that I can use independently right now.
Easy... Don't be so rude... The guy just begun trading and had 6 difficult months. He will have to explain his first experience in his next interviews... Raize, scalping is an extremely difficult job. It is not a shame to be negative after 6 months as long as you are learning. IMHO, you should emphasize a few points : * What did you learn from this experience (I think we learn more when losing) * Explain the mistakes you made and show that you understand why you lost consistently * Define your trading strategy * Stress how you intend to use money management Don't talk about your equity trades if you want to be taken seriously. Anybody can come and tell how he's done 60% with XXx is his PA. I doesn't make you a good trader. Good Luck
Was wondering...why should one not talk about equity trades? do prop firms dislike equity daytraders? if so,why?