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I agree this is a bad idea. This is what I think happens when people do this. You get a great “win rate,” and can have 90% or more of your trades be winners. You can look back and see 10 - 12 trades in a row where you made X. But then there is just that one loser where you lost 20X. This is...

I have a lot to disagree with here and I'm not sure where to begin. 1) Mainly you have hijacked my thread about a specific trade review into an argument about whether or not my firm is good and whether or not I should work there, which I don't really appreciate. If you have something to say...

Tommo, What do you trade?

Funny that a guy who is clearly above considering gracing my firm with his presence spends his time on forums derailing threads about trading ideas. I would think with your wealth and trading acumen you would have better things to do.

I see it the same way. I sit by people who are genuinely profitable and I consider myself very lucky. This is the end of my third year. I *barely* make rent and bills. I thought after I turned that corner and could point to well over a year's worth of statements and say, "Hey, clearly I...

I didn't explain that well. The main point of the answer is most people who start lose and burn out. Most people currently at and drawing a paycheck from a firm? They earn that check. But they are the minority. I don't have exact numbers but I think of it this way. You hire 30 guys in...

Experienced Joe, I don’t see it that the market is designed for people to lose. The market is designed to allocoate capital, etc, etc, not to provide a living to daytraders. Most prop firm guys lose. Most traders lose. You are trying something incredibly difficult. The market doesn’t owe...

Tower Hill Trading in Chicago. I've commented in more detail on my experience starting there in another thread. You don't get a salary and they're not going to tell you how to definitely make money. They will almost certainly hire you and you have to work really hard to make any progress.

Most people at prop firms lose. I don't. But I don't make a lot either. But technically I "manage" quite an impressive sum. So the devil is the in the details. I was trying to post a useful response. I don't think you were. Enjoy your multiple lols.

"There's easy money, and there's hard money. The sooner you learn the difference, the better off you'll be." I don't know where I heard/read this; I expected to see it on this thread by now. Since I can't find/attribute it, I might not have gotten it word for word.

Like a lot of people have said, cut those losers. If you've been doing this awhile, and I mean at least a year, you probably get a "gut feeling."* This gut feeling goes both ways. On the plus side, on some level I kind of "know" or at least believe I'm RIGHT. Like sure this is printing 5...

I think that is totally true. People older, wiser, and wealthier have said (with a straight face, while I'm struggling like mad), "Making money is easy. It will come. Don't worry about it." Literally I have been told that: "Making money is easy." And it sounds... insulting? When you can't...

What's sad is the first guy answered the original question most accurately. The "average" a new trader earns is almost certainly negative. It's ok. When you start, you have the least experience you'll ever have and are the worst you'll ever be. Trading is extremely difficult. It was...

I didn't bank on either of these, so I'm a chump, but here's a set up I've seen a couple of times recently that I really like. These are fairly big names or at least big volume which allows you to get a fair sized position and be able to get out of it for a very small loss if the move doesn't...

I also know teachers who make more than me. Who cares? I could not possibly be a teacher. I'm not qualified and I'd hate it. And as I've said countless times, Tower Hill is not a path to quick or easy riches. I have done the math and more than math I am painfully aware of what 0 income...

Sure. Those firms that are paying 500k etc, would they have hired a guy like me with no proven track record? I was pretty clear that it's extremely difficult with no guarantee of pay -- ever. So yeah, "it's the exception." In that they will actually hire you. I would have loved...

I joined locally over 2 years ago when their training was a little different. I admit I don't know exactly what it's like today. But if you're expecting someone to tell you how to walk in the market and make money consistently, you're not being realistic. Trading is really hard. I wonder...