Recent content by Silent_Trader

BoblMan, thanks for the response, although I wasn't clear enough with my question. What I really meant to ask was on what amount of disposable capital (firm's capital or otherwise) could one realistically expect to make £50K? Say for example that the average (profitable) trader made a...

Hi Boblman, Are you a Bund/Schatzman as well?? I was just wondering what typical monthly returns are like in prop houses for profitable traders. Roughly how much capital would one require to make £50k a month? Cheers

One thing to remember - you can NEVER make "too much" in one day. Never be too eager to call it quits. If a stock goes up 20% in a day and your exit signal/level has not been reached, JUST HANG ON. You never know if the stock will end the day up 129%. The key is to focus on your trading...

Probably better than having a fixed amount per day is to have a fixed number of points per day if you are a day trader, or a total number of points you hope to extract over a certain period. Also, deciding on an amount to earn per day/week/month cannot be viewed in isolation. It must be...

st3ch0r - it really depends on what firm you go to and what you would like to trade. Many firms are becoming increasingly quantitative in nature, and gravitating to towards PhD math types. For some roles like Statistical Arbitrage or Exotics trading, some firms may not even consider you...

I would strongly advise the Finance & Economics route. All the best.

Chameloentrader - you definitely have a chance. If you have/can pick up third party trading vendor skills such as Infinity, Murex, Summit, Sophis etc you will find yourself in high demand even if for short term contracts (paying upyto $1k per day). This works a number of ways: if you are a...

I guess that one may also need to evaluate the opportunity cost of joining. I know an IT contractor who was weighing whether it was worth her while to forgo earning GBP500-650+ per day as an IT contractor, with hopes of earning million$ as a trader! How realistic is this scenario??