and of course with the withdrawals of profits every month, the following month you could have one great trader gets into one big trade, stock gets halted, and he is short 300k shares, they announce a tender offer for the shares 5-10 pts higher, and its game over, for , well most firms.
True that. Illustrates one big difference in attitude between prop shop traders and prop traders in banks. To one group, everything's a trade. To the other, trading's a job with potential upside.
I don't really care what people think. I base my estimates on my historical performance. I'm not the one claiming 1000% returns. You may be right about paper trader.. the thing most people don't see though is that it doesn't matter. I can get rich as a paper trader because others recognize that I'm a good ticket. Whether I do as well with my actual capital doesn't even matter. Anyway.. I'm finished with this forum. Everyone here is about showing off and not helping others. I predict the market because I enjoy it and I win. I trade because its what I'm best at. There are a lot of other ways to get rich. I do what I want to do.. and that's what I want to do. I make my own way... Yes i agree the market is treacherous.. that's why I'm not going to Chicago without any money to join a firm that doesn't pay a salary.
2c: This is the difference between a computer programmer and a trader. Not that there's anything necessarily wrong with being one or the other. Just different.
No offense. Just brutal truths. Three words: Home schooled freak = Mook Probably lives in a small town with the likes of Napolean Dynamite but thinks he is a hotshot trader from a major city. You can't be both. You are either Napolean Dynamite or cutting edge trader from a major city. Eom.
(Evidence of home schooling at its finest.) How about a third possibility. Both. A stupid guy playing a stupid guy on the internet. That would be something. No offense. Just brutal truths.
Hate to say it, but here's another reason why some should stay away from prop firms. Gotta have a real thick skin, and learn to enjoy the two way derogatory banter.. Same bs & similar characters on any floor anywhere in the world. Not such a fun ride for academic types, or fragile egos.