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    March Trading Journals

    here's the righ tlink http://www.chinese.altocelebs.com/b/fiona-braidwood/pictures-1.html the other one is for fiona leung!
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    March Trading Journals

    Candletrader: Are you sure you dated that girl? What's her name? Because she's a Hong Kong actress by the name of Fiona Braidwood. Her pinyin name is Huo, Xi'er. Here's a link below: http://1chinastar.com/ee/1/20348.shtml
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    Starting a Hedge Fund

    Hi All, Having worked in both institutional sell(Street)/buy side(large mutual fund & quant firm) running billions and now doing this prop thing, I think this is what I see as the pros & cons of hedge funds vs prop firms. I think the main pros of prop firms is that it gives you freedom...
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    March Trading Journals

    Hitman wrote: "February / January P&L Before Commissions: 13847 / 11994 P&L After Commissions: 4294 / 2923 Shooting %: 47.2% / 46.3% Cent Per Share: 0.038 / 0.036 Volume Each Way: 361200 / 328000 W/L: 14-6 / 13-9" Wait, are you saying you commission is 3.8 cents/share? I...
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    Advice needed about top traders!

    Nic, Also, remember this. When I interviewed at Citibank(the largest currency dealer itnhe world), guess who interviewed me? 1) a salesman 2) an ex-physicists with a Phd from Cambridge Univ And at Goldman's Commodities trading division they asked me: 1) to solve basic differential...
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    Advice needed about top traders!

    Quiet1 wrote: "Nic, Stepping back from all this for a moment. You NEED to keep on with your maths. Its your technical prowess that will make you bucks in the City not this politico-economic nonsense. The guys you see on TV and in the newspapers are just the "salesmen" for the IBs. The money...
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    Advice needed about top traders!

    rtharp wrote: "If we are in a bull market you want to buy all of the stocks that are going to outperform the indexes. " How do you know that AHEAD of time? In the beginning of the year, how do you really know which stocks will outperform the index? I understand abotu yoru 52week high, and...
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    Advice needed about top traders!

    rtharp: I do believe it's possible to beat the market else I wouldn't be trader. We are not disagreeing on this part. But, what I'm saying is ON AVERAGE it's difficult to beat the market. Otherwise, why would 80% of money managers can't beat the S&p500? And 90% of daytraders lose money...
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    Advice needed about top traders!

    Bachelier wrote: "Another "naive" question from a rookie, allthough not that much of a rookie as nick. Do large sell side or buy side institutions hire people from humbler territories for responsible proprietary trader positions, if they have an excellent P&L track record?" Yes. In the...
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    Advice needed about top traders!

    Cesko wrote: "That's all. I just want to add, one thing doesn't get mentioned that often(??). DO NOT CHANGE STRATEGY EVERY 2-3 TRADES. Other words, do not think too hard. There is no more consistent way to lose money even if you cut loses IMO." Sure, I agreed. But it would fall under the...
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    Advice needed about top traders!

    braye: Thank you! Finally, someone here with some real institutional background to dispell myths, half-truths, and shed light on the reality of trading in institutions and the rigours of getting in. But like I said, when it comes down to it - trading is about 1) risk mgmt (cutting...
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    I have a dream.

    stockbroker wrote: "and swing it for a 5 points move looks good on paper, but you have no control over the results. What if IBM got caught in a scandal and opened down 10 points lower and you are long 100,000? That's a million dollar loss!!! If I want to gamble, I would go to Atlantic...
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    Advice needed about top traders!

    Don wrote: "As a student of Macro Economics as well as global finance...what you said is simply "page 5, paragraph 6" of some nightly business report....it does sound good...even though it has nothing at all (zero) to do with the market. The reason for the pound not following market...
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    Advice needed about top traders!

    rtharp wrote: "This is something I'll address really fast. My father works with a lot of hedge fund managers, banks, independent traders and such. It is his experience that the worst traders are actually employees of a firm where they recieve very little compensation for their...
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    Advice needed about top traders!

    nicholassegrue: I think I can give you some general recruiting advice and experience as regard to top ibanks. I had offers from Goldman, Merrill, and other i-banks when I got out of a top school. I interned at Merrill's institutional trading desk while in school then went to the buyside as...
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    I have a dream.

    Wonderduck wrote: "There are also many types of trading besides daytrading equities. There are other strategies, such as swing-trading, pairs trading, stat arb, risk arb, etc.. There are other products, such as options, futures, bonds, converts, spreadbets, etc.. " That was my POINT...
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    I have a dream.

    uptik2000 I think you MISUNDERSTOOD my post. I DID NOT say that $1M/yr is impossible. It's quite possible. In fact, I hope to achieve it one day, but not now. I'm far far from it. But it's a worthy goal. What I'm getting at is the distribution of winnings isn't uniform so to speak...
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    I have a dream.

    Stockbroker: I think you need to clarify this. Do you mean to make actual profits of a million? Or just holding a million dollar positions as a "million dollar trader"? Because it seems like some people here seem to say oh if you have 57,000 shares etc that's a million dollar positions. But...
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    Quit my job today!

    Yeah, I've been doing this prop trading which should really be called daytrading for a few months now. It's nontrivial stuff when you come down to it. You can either 1) scalp in and out really fast and hopefully beat transaction cost 2) have a longer horizon like holding for a few...
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    Backtesting software

    dozu888 wrote:" latest issue of "Active Traders" magazine features an article about AmiBroker... gonna play with it for a few days, looks like it has all the features needed to backtest anything on EOD basis.. all that for $79.... cheapo !" If you want CHEAP EOD just use TC2000. Or...
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