Recent content by mrfong8

what ? nobody wants to answer? is this quesiton too stupid for elite trader?

We all know statistics is a helpful subject for trading, what i hear about mostly are standard deviation and theory of probability. What other tools can non-mathmatical trader use at their disposal to make their trading more precise and scientific?

it simply is very hard. Not only the market is pretty tough........ undercapitalization is a problem.......the numbers just dont' work out the same as what i had planned before i came......... Most ppl agree that full time traders that watch the market all day will have more oppotunities...

i trade in a prop firm.... it hasn't been long.... but there is recruiting going on all year.... i have already seen more than 200 ppl that enter our firm's traning since i came.... if you were to tell me only 5 or 10 of us ( including myself ) will still be here after 2 years i wouldn't be...

come on 360 millions is lots dough and most ( at least me ) only put up 25k

so 12 million shares a year .... let say at average of 30 dollars.... tha'ts 360 million dollars worth of stock you traded..... if you make 100,000 on 360,000,000.... i can't read the sign on my calculator.... what a competitive business......

well.... i am getting information overloaded....... our firm does much pair trading, and like you said i am just a beginner. i don't think its such good idea to do too much at the same time. so far, all the style i have heard; scalping, swing, pair, trend, and i saw Don Bright's OO forum(...

i joined a prop firm a not long ago. Their trading style is very different from what i imagine. i have been spending my time watching the future , reading the tape and etc. Now i am barely profitable, but i am glad i didn't lose much during learning curve. I trade in an office that do a...

i work at a typical prop firm. Its not all that nice, but i do understand the entry of barrier is low. its true there are all sorts of ppl going in and out, but that's just how it is, its available to anybody. if you are that much better trader than everyone else you can always set up ur...

i agree w/ Commission being part of the cost of doing business, the problem i see with overtrading is also exposing yourself to unnecessary risk, and maybe slippage also. i would think 1 to 1 is pretty high

i don't know if there is a good measure for this question. let say if i make x amount a year trading after commision, and also pay about the same in commission. Is a 1 to 1 ratio considered efficient?