If I heard of a prop firm that advertised that over 50% of their traders made net profits for the calendar year of 2001 due to their unique market neutral tape reading strategy, I would probably go work for them. But nobody makes such a claim.
I think I heard that All - Tech makes a claim exceeding that. I can't swear to it, but I am sure there must be someone here that is familiar with them. I think they trade large size for pennies on their own ecn....Attain? I don't know if they make their money on p&l or order flow. But supposedly they do make money. Let me know if you find out more. Thanks, RS
I'll bite...of course over 50% of our experienced traders made money in 2001? Why wouldn't they? More than 50%, but we can't count the "newbies" still in their learning curve. Remember, we trade primarily NYSE listed, so we weren't subject to the OtC pitfalls. Don
Playing dumb? My gardening friend is real and I am pallid and emaciated at 22. Sleepless nights looks good: how do you figure the gap will happen? What ideas do you use?
Heck that wasn't even a good dead cat bounce, let alone a bear market rally and let alone a bottom. Now we're on the way to retesting the lows.
i use chinese theories fibonacci theory elliot theory chaos math mechanical theory and more. Everything I use, I discovered myself. Only later did I find that there was a theory to support it.
Why not simply look at the S&P futures like everyone else? That way you can sleep at night....we like gaps in the morning, and yet we play the openings whether there is a gap or not. (Again, not trying to rile you, I guess I'm just too lazy to get involved in all of that "thinking" ).. Don
So you just happened to stumble accross the golden ratio and then later read about a little italian mathematician named Fibonacci??? and out of curiosity what do you mean by Chinese theory??? PEACE and good trading, Commisso