My Story in Prop Trading

Discussion in 'Prop Firms' started by peterkto, Jul 6, 2023.

  1. peterkto

    peterkto

    I've been trading low float stocks for a long time. It didn't used to be such a dominant strategy for me but it became one this year simply b/c I got bored and became one-dimensional and lazy... would just pull up the top gainers and short them on the open.

    and yeah I struggled hard but I attribute it more to tilt and poor discipline rather than diminished edge.
     
    #71     Dec 29, 2023
  2. qlai

    qlai

    Do you compare your performance to peers? My understanding is that this was not good year for low float trading (relatively speaking)
     
    #72     Dec 30, 2023
  3. peterkto

    peterkto

    I thought opportunities were just fine. Maybe not as good as 2020-2021 but nothing will match those years, across any strategy...
     
    #73     Dec 30, 2023
  4. Great stuff again, Peter, thanks for your sharing!
     
    #74     Dec 31, 2023
    peterkto likes this.
  5. deaddog

    deaddog

    Thank you for taking the time and effort to write it.
    You should make it into a book.
    Another poster on ET has a book out "Cash Rules: Reminiscences of a Day Trader" descibing a similar journey. In my opinion yours is better.
     
    #75     Jan 1, 2024
    VPhantom and peterkto like this.
  6. peterkto

    peterkto

    David right? He read my work and sent me his book. I enjoyed it and it gave me some ideas for my post "10 Traders you Encounter in Prop". Our backgrounds sort of intersect although we never crossed paths as traders.
     
    #76     Jan 2, 2024
    VPhantom likes this.
  7. deaddog

    deaddog

    Right, that's the guy.
    Like I said the stories are similar and I like the way you referred to specific trades. David has an ET alias I couldn't find but I did ask if he could share some specifics and didn't get a reply.
     
    #77     Jan 2, 2024
  8. ph1l

    ph1l

    @stewbacca
    upload_2024-1-2_21-10-57.png
     
    #78     Jan 2, 2024
    deaddog likes this.
  9. stewbacca

    stewbacca

    Love Pete's work. Well-written inside look into prop world. @deaddog happy to answer any questions
     
    #79     Feb 7, 2024
    slickman likes this.
  10. deaddog

    deaddog

    Could you show an example of how you traded, how you would take a small account to a large account trade by trade.
     
    #80     Feb 7, 2024