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totally agree. Managing ego is really hard. After a long string of winners, cutting a trade for a small loss and not re-entering is tough. You have to know yourself really well and have the presence of mind to manage yourself real time.

Other price insensitive participants are traders who have some other reasons for trading besides making a profit, they are termed utilitarian. Investors & Borrwers, Asset Exchangers, Hedgers, Tax Avoiders, Cross Subsidizers & Gamblers/New Traders. If I were in the interview I would emphasise...

not true. Many participants are not particularly sensitive to price. Say you own a refinery and it goes down for a 2 week fix. What is your priority? to hedge yourself or get a good price.

Personally I don't find it helpful to find a category for Topstep. It is what it is. I don't think its a bad company, it provides some value. Prop firm though it is not.

Tower Trading have a trading floor in Gibraltar.

I can confidently say <5% retail traders are making long term good consistent money. Personally I believe the figure is lower than that possibly <1.5%.

Topstep it not a prop firm by any stretch of the imagination.

listen to what he says, he knows his stuff.

I have worked in an inst environment where people are making markets near me, although personally I wasn't responsible for making any markets. You ask what would be your incentive to make a market? Stating the obvious your M.O. is to make a net profit long term. It depends on the markets you...

good to see you back posting. its been a rough few years for prop traders, only the best have survived and their accounts continue to grow. I totally agree with what you have written about having friends in the industry who wont listen. This is mainly a function of having to be sure of yourself...