Search results

Big picture I think about and use fundamentals.Like ..interest rates,economic growth,dollar trends,and several others.But it all leads back to charts and TA .I could care less what a companies fundamentals are, as long as it meets my trading system ,I'll trade it.

Those were my very thoughts,if his firm is dishing out deals and titles like that to a rookie than it really says something about the quality of management and traders at his firm.I don't know what other prop. firms use to qualify a trader for Hitman's new position but I would think you would...

It sounds like you are well on your way to being a very successful trader.

Since you play sectors......why don't you look at sector indices to get the feel of the trend or like I do, which ones are oversold or overbought.This will save you alot of time .When you see a sector that meets your criteria than go look at stocks in that group.Also, by getting a good feel for...

HITMAN has the techniques and overall discipline,what he lacks is staying consistent with his mind-set and not enough market battles.Your post hit it right on the head for traders like Hitman ,they just need to know the market gives and takes no matter what trading system you use.After so many...

ARTV....I had the same thoughts about current trading conditions and 93-95. The market was a flat line for a while back then and you are right a stock would make an early move,usually against me and than take all day to finally revert to its previous days trend.The size of wins also were much...

Hitman....forget about predicting future trading patterns. Its a waste of time and it will hurt you in the pocket, as it might be starting to happen to you now.Stop looking for a better system or another system.Have faith in your system...I do and I'm not a pure daytrader. From your postings and...

Hitman........this is what I see. You have all the talent and mental capacity for being a long-term profitable trader. All you are lacking is the battle scars of going thru tough trading periods. I don't recall you having any diaster type trades because of a lack of trading discipline ,you are...

Can I throw my 2 cents in? I trade overnites. Ten plus years. First I like to state the last 4 trading days have been tough for overnites. But from experience I know the harder it is to make money trading my system ,like the last 4 days,the other side of that is coming . Usually sooner rather...

I'll put it this way........you own a prop. firm, you meet a top trader from another firm , the top trader feels like moving on from his current firm for what ever reasons other than performance. Maybe his current employer and him just don't get along. Would it be out of the question for the...

I have a question for Don or Gene. Or anyone else who can shed some light on this. Do prop. trading firms such as yours pay any type of upfront money or perhaps a better structured deal to a top trader who is not with any firm? I know some firms will pay a referral fee to a currently employed...

I started trading in 1990 and I am always concerned about the party ending. What I've always done is when I'm making money is pay off all debt and free myself of the burden of having to make money. That means setting aside a 6 month reserve for monthly expenses. Because of this cushion I can...

I agree with liitder and magna.....if volume dries up thats a killer for short-term traders.I remember a non-summer trading period years back where you absolutely got hammered because the volume even in highly liquid stocks were only a few thousand shares after a 1/2 hour of trading.If the stock...

I totally agree with you....they just have to trust their knowledge.

I always felt the difference between a market maker trader and a prop. trader was this.... a market maker relies on who he knows(building relations with other firms trading desk , so his firm gets the call or order flow) while a prop. trader relies on what he knows. Basically a prop. trader uses...

I think if you are a professional or just active trader this is a fantastic subscribtion. For 10 bucks a month its well worth it. The web-site does all the leg work for numerous TA indicators and every sector group. It makes my trading plan so much clearer and I day-trade but mostly trade...

I agree the more important performance indicator is return on capital. I`m amazed how prop. trading firms rely so heavily on cents/share results. Granted alot can be learned by looking at a traders cents/share numbers but bottom line return on capital should be the standard.I think once prop...

Its called the overnite system and has been around for more than 12 years....I know because I've been trading it for 11 years. He didn't invent it.

I have a question. How do most prop. trading firms capitalize themselves? I like to know because if the reason to join your firm is the ability to trade more capital than say my current firm, you want to know the funds are always their to trade. You made reference to Schonfeld cutting traders...

I use 3 monitors but only one is used to watch stocks. I keep everything simple, I group 4-7 stocks together depending on their sector.So on a 17 inch screen I`ve have about 120 stocks I keep track of on a daily basis. EX. ,I have brokers and banks in a column...