I am barely understanding the tape reading idea but assuming that I get the hang of it and you see these big bids/offers by specialists or commercial ones, when do you actually buy/short? At support/ resistance, high/lows, breakouts?
Jho's post makes a lot of sense to me and I think it does for all self learning traders. The 8-page post, IMO is one of the best pieces of read in this forum.
How often do prop firms go bankrupt? Is there a success rate in the industry? I was reading another post about props being registered to protect the traders. I like the idea even though as I understand you are more restricted to what you can trade. I am barely making into the green and have been...
Interested in finding out as well but my guess is that even as an indep contractor you would need a valid work visa. It's a bitch to get an H1b but a temp one is not bad. Also wanted to know if as an indep contractor, the risk is entirely on you rather than the company that hires you.
I am taking a 747 from rural Brazil where I live to NYC in late August to start a full-time trading / finance career. I am fine starting at props (done my research on them) but any job that exposes me to trading directly or indirectly is acceptable at the moment.
Anybody want to tag along...