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There are a lot of good points there. There are scores and scores of methods. Firm asked me once how many methods I had, and I sorta chuckled. I mean ... phew, more than I can count. But at certain times? They just won't make money. Like ya said, at times, for years on end. The absolute...

For myself, and I can only speak for myself? That's it exactly.

No concern at all. For myself, it's not a matter of 'gimming a system' or a method. Of course, an individual could do that, and make a ton of money for as long as that edge is profitable. It's why I enjoy creating new methods, for new scenarios and new markets. Completely different...

Q F T Seriously, that right there. Trust me, I know. I lived in Mexico for a time. The tax system in Mexico is absolutely unbelievable. No kidding, they give prizes to people who consistently pay their taxes. Friends of ours had their own business in San Juan Del Rio on the border of...

What did I have to master? Me The cause of all my problems before turning profitable? Was me. Trading is a career that is full of seeming contradictions. It's a great life. Freedom. Money. But the emotional and psychological demands it can place on you can be very extreme for some...

There's only one difference between me and them. You Google-fu Aileron / Trading? And all my stuff is still up and public and dated and free. Not the pay stuff. Started that stuff just for montly income to teach. But the market commentary was all free. Had the Live journal for a few years...

Well said ... and it's a fair point. Just out of school, and the stats aren't up to snuff, all of the above is absolutely true. Perhaps it's just the bias of my own world-view. Just floors me watching people spend so much time on other stuff, when they could be working on improving the one...

Simply not true. It's not. Reason I got turned on to prop, is one guy who ran his own derivatives firm, saw my numbers, and was highly impressed. Knowing that I trade equities, there is nothing I can do at his firm, so he starts handing me names of people to contact. The only thing that...

It's true that everyone has to start somewhere. I've never traded prop, but I'm not opposed to the idea. I know if I started remote trading with a firm, they're not going to hand me the keys of the kingdom on day one simply because of my past stats. But at the same time, you should "do for...

True, and it's a good point. I've seen people be absoltuely wrong on their thesis (basic logic table) and be profitable in their outcomes. Logic tables for the win. The Fed hate stuff has just gotten beyond old though, in that the basic underlying thesis is so often ... ridiculous. I, or...

Haven't worked prop yet, but honestly, just knowing some PM's and guys at firms and starting to look that way? Best thing I can say? KNOW YOUR PERFORMANCE STATS And work on improving them Nothing, absolutely nothing in this business matters, beyond consistent performance. I hear a firm is...

Me personally? I'm a professional, so I just look out for myself, and I never all-in anything. It just fascinates me how many years people will spend, trying to force the world to their personal world view. They'll bankcrupt themselves over it.

Yeup, over a year ... and ... nothing. Any professional hear's stuff like this, "The Big Bad Fed" "Fed is Evahl" "Fed will destroy us all" "The tipping point is near" they think one thing ... Blah blah blah blah. Traders who cant make a profit Markets don't seem so bad when you always...

We all use HFT in our trades. Market making is done via HFT algo's. You hit send on an order, it's HFT algo making the market. HFT IS NOT FRONTRUNNING. FRONTRUNNING IS NOT HFT. FRONTRUNNERS USE HFT

Well said. I often tell folks my wife is an absolute diamond. She was onboard working while I really ramped up my trading. But it's understandable that a spouse can start to feel resentful. And it's a very tricky balancing act ... just ... family wise. I'd be up at 3:30 am, right after...

SIGNIFICANT HELP This is one area that so many new traders screw up on. They hear experienced traders, and think when they start that out of the box, they should be trading, and drawing income from their portfolio. Which is nuts. Experienced traders get to that level only after years of...

As far as a living from the markets, I think that goes back to the circle you run in. I like to fly under the radar, so my response has always been: Quantitative Analyst Even if they are fine with me being a trader, I've just come to discover that many people just can't handle the markets...

Except, if you've ever executed a trade ... even from your retail non-direct access broker, you've very likely implemented an HFT market making algo ... HFT is a pretty broad term. It doesn't necessarily mean front-running, though a small percentage do use it as a mechanism to front-run

I find very, very, very few people still know what HFT is. They think they do, but 99.9% of them dont

I come from the background of an experienced trader, with ridiculously good stats, that never really wanted to go the prop route. For some reason, in my mind ... all of these years "prop" meant going into a firm, and working at a "location" (other than my house). So I was content to teach, and...