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Make that 8.

steve46 = Excellent advice!!! :)

That's interesting. How about false size display games though? Wouldn't that be easy for a player like him to constantly load the opposite side of the market he wants to trade and then pull the size once he's in, like many large players do, particularly on bund? It's the old "pull the carpet"...

Bro... I know people younger than me spending way over 100K for a "decent car"... Not to mention I'll be spending a "decent" amount of money fixing my "decent car" which I crashed last week... :eek: Automobile enthusiasm is a widespread disease, so I thought I'd throw this in here. Please...

Oh, apart from that - You have a point in liquidity being an issue with such size - But do you think that displaying and trading such size may also have advantages to it, like scaring and manipulating other players? Clearly, if you're a big fish in the pond, the view's a little different to...

Well, look at Mark / velocity_trader who does over 20K contracts/month. Didn't someone say he averages about 0.5-1% of total DAX volume? Amazing! On the other hand, on a contract like DAX that trades ~100K/day, that's only 500-1,000 contracts traded. So if you're trading 10 cars/click, that's...

Because for the size I'm currently doing as a small retail trader, the DAX is just fine - and A LOT MORE profitable because of volatility and entry opps. Profit is relative. That prop dude averaged 3.5T/day = E 35/day per contract, a bit more than 1pt/day on DAX. I wouldn't be remotely happy...

Yeah. Not to mention the guy at Deutsche who took the other side of Niederhoffer's "final trade" and made $45M within a few days... :D Mind you though, if you're talking 3,000-lots, then you're talking E 30K per tick. That means over a year, you need to net an average of 3.47T per day to...

"Larger account" ? If you think 400K is a "larger account", then I don't know if you've got enough clues in this business. Do you trade penny-stocks or what? 400K = You can just about buy/sell 100X that (yes, one hundred times) on the inside bid/offer on the mini-S&P without even losing a...

Hey roberk! Many thanks for your words - I'm really considering the London move, but it also means burning a lot of bridges here (family, girlfriend, friends, my other business etc), besides the fact that I'm in a 1 year contract for a very expensive apartment here, so it'll be an absolute...

Kicking - You're right, the 150K/month (quid on top of that) seem a bit mega. But then - Who are the "Market Wizards"? Prop traders who made millions trading 1,000 cars a clip? No. They were people who did it themselves, at home, with their own scarce capital, and grew it from the very...

LOL! :p :D

"If". Perhaps I should better shut up, before I uspet anymore of the great trading experts here. By the way, you clearly haven't read my anti-trolling disclaimer. Please read, and save your words. Thank you.

Here you go folks. Here's a bit of a reality check. Very recent post from the "UK Scalpers" thread. This guy is a prop trader in London and he seems pretty sincere. How can I say that? Because I know he's right - I fully agree in all points in the first paragraph. He's also taking...

Hey Stratcat! Awesome post! Finally somebody who brings some realism into all the myths about day trading. I had a violent discussion about this on the other thread yesterday (Gary Smith Challenge), with people claiming "day trading futures is impossible". This guy had offered $500 (LMAO) to...

AMEN. Simple as that! :cool:

What an excellent point, pspr! And this is precisely why money can be made in the market - Because there are people who simply "don't care" if they "lose" on the paper in a particular single transaction. If there are people who "don't care" and people who "do care a lot", then there is a chance...

Hey Threei, Many thanks for the kind words - I have to say I feel very honored to hear a comment like this by such a respectable member! The same thanks also go to cdbern - thanks for your kind words. Coming to your setup thesis: There is such fundamental truth in this, it's not funny...

metoox, how's the trader structure in your team? Are they mostly discretionary, systematic, or a balance of both, or what does it look like? Sorry if this is asking too much information.

L-O-L ! plumlazy, were you by any remote chance drunken off your nuts when you wrote this? :p