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30. Big state school for undergrad and grad (masters, dropped out from phd) Yea I've read about the arithmetic thing too. Good thing it's very trainable. I guess for intraday you need to be able to figure out the risk real fast to determine how much to size in/out

Ok so if I want to give this a shot, what are ways to get a foot in the door? None of the formal training I've had has anything to do with trading or finance. It's all been self learning through videos, books, blogs, investopedia and some guidance. Not stuff you can easily put on a resume, but...

Regarding the ytd return thing, I know intraday traders don't really look at % returns. They look at $ amount. I haven't taken intraday too seriously because I'm not there in front of the screen and there's a lot more noise, fakeouts, algos you're playing against. On the larger time frames you...

Reeeaally. Ive learned that being emotional about any trade is bad and you should check your emotional state before placing a trade. That said, I can see this leading to chasing moves and trying to get home runs and even throwing risk managent to the side or going tilt. This is the opposite of...

why would it matter what time and place you enter the trading world? a good trader who lasts should be able to adapt to all market environments. also, i've read that it's stressful and people burn out. why is that? I feel like the best traders are able to detach their emotions from the p/l and...

i've seen this elsewhere. retail traders have no edge, etc. but what is this based from? I don't think it's as black/white as you make it out to be, although probably 90% true. I've done some reading on glassdoor and some prop firms and have pretty bad reviews. i saw a post accusing smb of...

Is it really the same though? I have seen some massive stupidity in the retail world that I'd imagine most of them would be filtered out from prop trading before they make it to a desk. but then again retail traders don't really have access to top coaches aside from some YouTube videos and a...

Thanks for the feedback Andy. One of your traders, who went on the same podcast you did, mentioned that the retention rate is 12-13%. I know they're both approximations but still a big difference. Do you mean 20% make it long term at the firm or as traders in general? I've seen people throw...

So there are no salary jobs on the discretionary side? What about analysts

I agree the pressure to perform is a big psychological factor, which is why i'm looking for a salary position. anything that help me accelerate learning in trading is a step in the right direction as far as I'm concerned.

My long term goal is to be able to manage and grow money on my own. I have no problem doing grunt work research if it means having access to successful traders, and learning what they know. It's the training and mentorship I'm mostly after. As I understand, there are different types of prop...

why do you think i'm here?

it's not buy and hold. most of my positions are 1-2 days old.

Hey Andy, would you mind helping out on my question? Loved your podcast with chatwithtraders btw, haha https://www.elitetrader.com/et/threads/transitioning-from-retail-trading-to-prop-firm.353303/

it's called market manipulation, which of course almost never happens on wall street ;)

I've been in the markets for a little over 2 years, and would consider myself profitable. I've studied good traders and been a part of a legit mentorship group. I started actively trading stocks in my IRA in July/August of this year, and currently up about 40% YTD. I'm still making mistakes, and...