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Exactly!! Spoofing hurts HFT momentum algos that jump in front of peoples orders when theres a directional move. Iceberg orders are encouraged by the exchange and they are just as deceiving as spoof orders (icebergs showing less size than you really want, spoofs showing more size than you...

I wouldn't like to say. I'm not claiming to be his best friend or even know what he did in great detail. But moved in similar circles. The London prop scene is pretty small and I was hearing stories about him 7 years ago when he was still growing his account. I know enough to know he is legit...

As I've told you already. He built up an account from nothing 1 lot at a time at a professional trading firm. He is just better than the rest of us. Not tricks. No illegal stuff (at least for the first 6-7 years). Some of my closest friends sat next to him and I worked in the same firm. Don't...

By you. I have seen. That's my point

Legally. You can't spoof the S&P market with 1 lots. Even if he did do it a bit in the final year you don't get to clipping 2000 lot orders without doing phenomenally well building up your account

Well this was over about 8 years starting with an account of zero (he was backed by Futex) and then built it up with 1 lots slowly going up the size increases scalping for small intraday winners but yeah

Ok. Well I'm telling you as someone that works in the industry and has worked with him that he did make that money trading. But up to you what you want to believe. Why would he put his trading records in the public domain. Do you put your income on the Internet. I've never seen Paul Tudor...

Yes. His company returns, his brokerage statements and dozens of people that have worked alongside him. If you're really that interested email his previous employers. He traded at Futex which was a large prop group in the UK. He isn't some trading educator that claims to trade. He sat on a...

I've worked at the same firm as him and know many of his friends. He wasn't doing what he was arrested for, and so what he lived at home? His choice. He has best part of $10 mill in his trading account. If that doesn't make you a 'pro trader' I'd happily aspire to whatever he is.

Yes. I'm a pro trader. Have been for 10 years. So was Nav. Completely pointless saying 'he was paying this' 'he was having to hold this on his account' when it is wrong Might as well talk about facts

No pro trader pays anything like $5 a round turn. Intraday margin rates are low and prop firms will give you about 10x leverage on top of that anyway. As for how much he made, good on him. He figured the game out and should be allowed to enjoy all the rewards he earned

Averaging isn't a strategy in itself, as in, you can't flip a coin and average until your position turns positive. But 90% of the traders I work with average. It's very rare you find a price that's an exact turning point. If I think the market will turn up at a support level of 50 then I'll be...

I can't believe DeepDiscount haven't got a proper website together yet. It doesn't take a lot of money. They have lost so much business through people looking at their site and thinking its some amateur operation. Someone should buy that brokerage. Spend a thousand dollars on a web designer and...

Hear hear!

Shame he got busted. I made good money off Corsica. His orders were so obvious. Same time every day in same markets. If people want to put fake orders in the market let them. They have to wear the loss when they are hit. And the only people they fool are high frequency front running algos. If...

Rotter yes. Sarao no not really. I worked in the same place as him briefly and know many of the ppl he worked with. He wasn't spoofing. But I've known 100's of traders. And maybe 2 of them I can think of attempted to spoof or manipulate the market. Both of them were cautioned and fined within...

10 years ago prop traders did what algos do. We exploited price inefficiencies that lasted maybe 5-10 seconds. You could have 100 guys trading pretty much the same strategy. The prop guys would generally always have a quote in the market for longer term traders to trade against and provide a...

Thanks Soon2Bgreat. That makes sense. The execution isn't really an issue. There's a few options I can setup for that. It's backtesting strategies that are my priority. I trade on cqg and have tons of data from them and it's clean. But it's just in bar form not tick data. So guess tick...

Thanks I have come across this course and was considering it. I didn't know if it was worthwhile to learn Python fundamentals first via CodeAcademy or the course would take you from coding newbie and get you up to speed in a trading context

Thanks again. Will go through the articles tomorrow. I was getting a bit stressed as everyone in the industry was saying to learn Python but just couldn't fathom out how to use it without having to build literally everything from scratch in my own trading environment.