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    Is prop trading rubbish ?

    You might be rich.....but you lost one helluva bet to me....lol....but I was nice about it...only hit ya for 20...unlike others on the desk...
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    Cant break in this business

    Networking is THE BEST way to go.....trading firms/hedge funds get a gazillion resumes....whenever leaving a firm, try and go out on as good a terms as you can...and stay in touch with as many other traders as you can....
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    Cant break in this business

    An MBA really doesnt hold much weight in the trading world. Too many have them. Some of the best traders I have been around have 4 yr degrees from "good" schools...thats it....some of the worst traders I Have seen are Ivy league grads..problem with some of these guys is they cant admit when...
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    where have all the traders gone?

    No you are not allowed an opinion.....kidding. Just curious why you thought equities were a better place...thats all. I agree with ya...consistency=success. But PTJ and SAC dont only trade equities.
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    where have all the traders gone?

    Not to break up an excellent brawl between you guys, but you really think ALL futures guys blow up? Far from the truth. It all comes down to money management. I traded equities from 92 til 2002, been trading futures since. I still have a bunch of friends trading equities, and all I hear from...
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    No more .001 scum orders

    Question for you. Do you think that the change to .01 increments was a good thing for markets/traders?
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    No more .001 scum orders

    Please dont use the word rebate and trader in the same sentence. These guys are the farthest things from real traders. I have known a few guys who went that route. Were failed "real" traders. They lasted a few months in that moronic game.
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    Schonfeld Vs. Carlin

    I agree with ya 10000 percent. Most of the guys who were my "managers' in the past were failed traders. The last thing in the world I want to deal with when on a trading desk is some guy who couldnt cut it telling me what to do. The problem is they are big time jealous of the guys trading...
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    This mkt is the most inconsisten thing I"ve ever seen.

    Hey man...good to hear from you. Today was a perfect example of what doesnt work anymore. At my old firm they lived and died on this day. Good ol payrolls. I am sure guys got roasted trying to click on the number this morning. Without the huge volatility on this day, their game is screwed...
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    This mkt is the most inconsisten thing I"ve ever seen.

    Hey man..I feel your pain. I spent about a few yrs trying to scalp futures. Is a losing game. I went back to swing trading/position trading and the reuslts have been much much better. Too many people scalping/looking at the same thing. Plus you are competing vs computerized programs that...
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    Proprietary advice (Chicago)

    The problem with prop shops in Chicago, is their methods to make money are either outdated or insane. Most of the big ones are just looking for guys to come in and do a gazillion round turns and scalp fo a tick or 2 giving the position no room. I wish them good luck in their journey to...
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    Anyone interested in managing an account

    The problem isnt the drawdowns....its who in their right mind would trade for only a 25 percent cut on a small account like 700k. Horrible deal.
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    Anyone interested in managing an account

    Correct me if I am wrong....but why would someone who can make 8 percent a month (which is pretty damn impressive), take a deal that only pays out 25 percent? This same person could go to just about any prop shop/someone who backs people and get a minimum of 50 percent.....I have a buddy who...
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    Crash Countdown

    When idiots like this precther guy make bold statements, go size the other way.. everytime a moron like him, Battipaglia,gazzarelli, or any other talking head make a bold prediction, the market makes them look like clown shoes..... Everytime I see Battipaglia on tv I get this strong urge to...
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    Hedge Funds

    I think I know you....I think we traded at the same firm in Chicago...
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    Any word from Refco Trading Services?

    You obviously never worked there huh?
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    Prudential shutters TA dept and......

    For some reason I get a warm feeling inside when I see Battipaglia on CNBC and at the same time the Dow is down 100 points.....
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    The Winning Edge 2

    Wow....1195.25 stop and you claim you covered at 1194....some hell of a system you have...the guys at TT must be shaking knowing there is a system out there that fills stops at a price better by 5 ticks.... Man..are you serious....first you post a trade after the mkt is 5 points in your...
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    The Winning Edge 2

    The fed minutes? Sure...its the average amount of time each fed member spends on the toilet each day. You have got to be kiddding me. You come on here wanting people to follow your trades and you dont even know what fed minutes are. Very frightening. If you seriously want to get...
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    The Winning Edge 2

    Thanks but you can scratch me off your list..not necessary...good luck with everything
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