Recent content by pkang

I used to be a recruiter in financial services technology. The technologies/ languages that are in most demand are: C++...all the high frequency guys need to know this stuff inside and out Java...it's just everywhere, slowly becoming more frequent in HFT Unix/Linux - shell & other...

How many years of experience do you have and how good are your programming skills? Many quantitative traders start as developers working on the floor.

I work as a recruiter for big financial institutions in NYC and can give you some insight. Anybody smart who has a Masters in Financial Engineering, Mathematics, Physics, Quantitative Finance and such will have an extremely difficult time finding work. Most big banks/trading firms/quant shops...

I called my desk to short around 18 and they didn't have any :( Bloomberg says it's almost impossible to locate any

Could be a shot in the dark but maybe black people have higher credit risk than white people.

Might want to try www.fbr.com or www.proshares.com I think there might be a few hedge funds in the area too.

It's a tough world the first few years because the learning curve in prop trading is extremely high. With that said your bankroll of 5k doesn't really cut it. At most prop firms you'll need at least 5k down along with extra money to pay for your living expenses until you become profitable...

I went in to check out their shop about a year ago and I wasn't impressed. They provide each trader 2 puny 14" dell monitors with no filters or any other tools. The trading "floor" or the size of a larger bedroom was supposed to fit about 25-30 traders. It looked quite pathetic. IMO if a...

We all get smacked once in a while. I enjoy reading your journal and I'm sure you'll make it back.

I'd go for Stanford.

I've traded at both firms(Echo previously, Assent currently) and can list the tradeoffs to an accurate account. Assent: The deposit you make at Assent is for "compliance issues" or so they told me but that's only on your initial deposit for a year. My commissions are low and the platform...

what was the news on that bitch?

Lost $1500 on that trade...never seen a stock react like that before. Even through significant size. I was expecting it to maybe sell off to the 80s. Another very expensive lesson learned.

Impressive pnl 1reason! I've noticed your exits on winning trades are generally 50-60 cents. Also if your winners are this amount, how much do you risk on each trade? I also trade a similar style, ie trending and capitulation reversals. Curious as to how long you've been trading for. TIA

Echo's a good firm with solid reputation but their fees and a little higher than others. On the other hand, the leverage both intraday and overnight are excellent. The Sterling platform is the perfect platform to learn on if you're a new trader.