I do not know anyone who works at a prop firm, so my questions are based off my experience running a business and general business experience. Maverick74, your ex boss- the best equity trader quit business because equity industry have completely changed ? Where was his firm research , intellectual capital to help him with strategies to trade in a changing environment? Good traders are tough to come by. If a trader at a prop firm has to be a top notch trader plus he has to come up with strategies to keep up with changing market, why even bother working for a firm? Prop firm business model may be different from a typical business model. Why put research and trading burden on on trader? Asking a trader to be a both a trader and an expert on running models to come up strategies/ an edge is like asking TOM BRADY to come up with game tactical and strategic game plan for each team and subsequently each player New England Patriots are playing. A good firm should be able to have a separate research department to feed traders ideas? This model seems to be more effective then letting a star equity trader quit because markets have changed? You can tell I am confused (lol).
Hello, I can not PM you, guess I am too new, if possible could you send me a PM so I can reply with a question about prop firm etc. Its specific to me, not ACD so no need to post! Thanks!
ES is sure acting like it wants to break out. Watch that 1300 level. We take that out tomorrow, we might run to 1350 really fast.
Here are the overnight moves in the currencies. Failed A up in the Euro three times and failed A up in the Aussie.
Now, that's odd because I caught a nice 50 pips up off of my A levels on the daily frame. I think the Euro is going to show strength for a bit, mainly because the money center banks want to dump at a decent price before the reaper comes. I have looked and looked and I do not see how the Eurozone will survive the next 24 months.