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It seems the biggest point of contention that many of the current or ex students had was with how does one define a real time objective entry as it is occuring. Most of these students praised the way in which the method monitors the market and direction but have struggled objectively (or semi...

Oh sorry I should have specified his intraday ES futures trading method where people were supposed to be making multiples of the high low of the day. I never followed the stock trading stuff. Although it is good to see someone picked up something from his stock trading method. Hopefully my...

Although I don't know much about proflogic, some of what he says seems valid and I have seen him make some fairly accurate calls. What is interesting is that Jack Hershey said he had a lot of profitable students but I never saw or read anything from one of them.

Mr Kamikaze that post was hilarious being that we sound like we are at the same shop but we are not. It just goes to show how many of these firms are set up. I think it worked for awhile because the markets were moving around so much and a lot more inefficient. But now that many market...

Mr Kamikaze and showtime23 hit the nail on the head as far as most prop firms training. They are usually lead by blowup unsuccessful electronic traders who previously might have done well on the floor as a broker. What is funny is that they usually love passing out the hindsight advice and...

That would be a sweet gig. I would not mind living in Hawaii for a little while. Good luck on the interview.

If it is the same one I know, everyone in the office pretty much just trades spreads in the US fixed income products. However I don't know about success rate of their traders, training program, ect.

It has been a little bit since I looked around but from what I remember some firms in the chicago area to look at are Macfutures, Geneva Trading, Marquette Partners, Gelber, Jump Trading, Transmarket (mostly spreads though), ITG, Kindstree, and there are probably many others. All the deals are...

The benefit is to be able to trade size quickly. The following example is not true in every case but just what I have seen. Say a trader makes 5 ticks a day at $10 a tick. With his own money he is trading 10 lots making 500 a day. With that consistency that same trader can be trading 100+...

Yes it is true that a prop firm is in business to make money but for many of them their success comes with the success of their traders. I am not saying everyone will make money at a prop firm but then that is not the way trading works anyway. Most of the reputable ones are not commission...

That is a pretty bold (and completely wrong) statement. Not 1 retail trader who has made money consistently for 2 yrs trading the ES or NQ? Without thinking too much I know of 3 off the top of my head. Two of them just don't make rent money but they make a lot of money.

It can still be done, but I don't think it is the dominant trading style for a lot of people anymore because of the reasons Trendfader mentioned. Although I do think it is possible to just trade one stock all day long, but not like a few years ago where the same name moved everyday. Now you...

If you are having trouble with NYSE everyday then why don't you try some nasdaq stocks if they are the ones moving. When I first started I mainly traded nasdaq stocks, then eventually moved over to trading mostly NYSE stocks because at that time nasdaq stocks were not moving that well and NYSE...

Bringing it back to the top.

I wanted to start a conversation with other fixed income traders who have preferable short term traded both US and European fixed income products. I know there are some traders at other prop firms on here so I would like to hear your experiences too. I have been directionally trading the Bobl...

It is definitely not as common or as much as before and it seems to take a lot more knowledge and skill to obtain. I definitely know SOME prop places have traders making 250K+ a year in both equities and futures. However you don't see it in every office you walk into anymore. IT is not like 4...

So watch out for IBM to have a down day tomorrow after a 1332590 share size offer is posted at 9:31

I was just speaking with my Dad last night. He has been a programmer for years and got laid off a year ago. He recently found another job after a year of looking. However he was recently speaking with friends at his previous employer. The old firm he worked for are going to have layoffs...

Once again it always depends on who you talk to and how they trade. Although I moved on to futures I know several traders who still trade stocks (since most on this thread seem to trade stocks). Two or 3 of them were up 50-70K last month and up 30-40K this month so that tells me there is still...

Well if you go and look his "rumor" about MSFT possibly interested in buying Disney ended up true. That rumor seemed a lot more crazy than this one. A little off the topic but where in the hell is this new list of all the stocks you can short on downticks?