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My advice is don't take huge risks. Debt is leverage. Know your strategy and determine the appropriate leverage conservatively. A good rule of thumb is, estimate your worse case drawdown and then double it. If that makes you uncomfortable then you're using too much leverage. e.g. if the worst...

Ignorant take. At market executions are almost by definition no worse without PFOF, and are often better. Look up IBKR price improvement stats for example. PFOF is anti competitive (Citadel even says so themselves) and parasitic on real price setters in the market (NBBO). The natural end game of...

Just because the highest bid is $10k doesn't mean the price is $10k. You can't buy it for that price. This is like any illiquid asset, the quotes are often completely meaningless because nobody is making markets on this stuff. Last sale is more informative unless it's outside of the spread.

2/20 is not viable for small amounts as you found. Basic math. Prop startup is definitely viable for a good trader. You can just trade your own money and still benefit from lower corporate tax. If you want to raise capital you'll either need an amazing track record, rich relatives or be a good...

If you have the ability to learn to code then that is always the best solution even if it takes a few months or a year. If you have no choice but to hire someone, then just hire a code monkey who has no apparent interest in trading. Giving the secret sauce to someone who approached you? Hell...

QFT. I normally wouldn't 'like' a post with such an atrocious spelling error, but I'll make an exception here for this one.

Sounds like momentum trading to me. You are going long after stuff goes up and short after it goes down again. The fact that you are going short by going long inverse ETFs probably just complicates things, I highly doubt you are doing arbitrage by hand without knowing it. That is a competitive...

Why would you be surprised that VWAP is lower than the average ask? VWAP includes trades happening at both the bid and the ask, as well as inbetween. With zero commission brokers there's basically nothing you can do. Backtesting against the ask, as you have done, is the correct thing to do here...

huge returns especially considering the following footnote on page 15

So it was as meritocratic 50 years ago as today? If the top fund managers under 35yo today have the same overrepresentation you might have a point but I doubt it (have not seen this data tho would be interesting)

What if that optimal leverage is higher than what your broker offers you?

Genetics play a role but it is not the whole picture. Jewish people have been historically overrepresented in finance mostly because things were a lot less meritocratic in the past than they are today. Going back far enough in history and Christians were not able to charge interest and thus...

Despite the flawed market structure of and occasional corruption of wall street, trading is the closest thing to a purely meritocratic activity that I'm aware of. Orders in the market have no skin color. Yes, institutions have advantages, but small accounts have other advantages. Barriers to...

Assuming zero market impact, an answer can be computed after the fact using full orderbook data from an exchange. Market buy orders can be optimally matched with market sells to maximize profit of a theoretical market maker with zero latency, perfect foresight, and subject to a 500:1 leverage...

You are correct that since trend following is already well known, sharing it just once more probably makes no difference. That doesn't mean that trend following can't get overcrowded though, and a look at trendfollowing returns over the last decade suggests this may have been the case for a...

And yet all the population growth is urban centers. More than 100% of Canada's population growth is from immigration. Look where all the immigrants are coming from, it's not from cold climates. Very few actually wish to colonize the frozen frontiers. Easy to see that empty space will remain...

Right, because what says you love and trust someone more than refusing to lend them money? (Sarcasm) As per usual, it's all doom and gloom with you. You can't even imagine anything positive. Borrowing from family enhances my relationships and trust, it doesn't destroy them. I'm happy to pay...

I mean, what you are saying is ridiculous on its face. The fact that banks regularly give unsecured loans at around 6-7% interest means that the loan failure rate couldn't possibly be more than a few percent, never mind "MOST" (>50 %) as you claimed. Banks aren't in the business of losing money...

In my very first post, the suggestion was to take a loan if you are good at trading. No where am I assuming OP has the same likelihood of success as me. I am merely suggesting a possibility for their consideration. What I am assuming, (apparently contrary to you) is that OP is not retarded...