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This is just bullshit. The "cutting losers too late and winners too early" is neither a psychological nor emotional problem. People have no edge, that's why. They punt and have no idea why the position should work out and what the trigger is. If you don't know why it works, you also have no...

That's just BS. There is no market for beginners and one market for advanced traders. If that would be the case, all experts would flood the beginner market to fleece the noobs. You need to trade a market that you can find edge in and I guarantee you that some options markets are easier to...

Don't listen to this guy. Options are an asset class that is extremly difficult to handle due to it's non linearity. Doesn't mean that you cannot make money tho. Just get away from "reading" the market. You don't need to read it in order to cash in. You need an advantage that can be quantified...

I wonder weither OP realized that there was this incredible run from 300$ to 20.000$ only a couple of years ago of...what is it called? Bitthingy...yea, right Bitcoin. There are multiple rags to riches stories much crazier than Zanger et al. It is possible...just not for you...cause also...

Duhhh...guess someone needs to do some research. You can put your keys on a piece of paper. No power needed

My friend, I hope you know a little more about trading than you know about poker. Have you ever realized how high the variance is in top level play? With trading it's the exact same way. Also, you benefit from the infrastructure advantage of a prop house as well as the concentration of knowledge...

In my days you either had to chose from Bund/Bobl/Schatz, Treasuries or Eurodollars. Money was made by posting bid/offer in some weird product with little liquidity (packs, bundles, far out expirations), leg into an inventory position (fly) and either exit by trading the exchange traded spread...

Almost all pro poker players are backed or staked by 3rd party investors...who is the equivalent of a "prop poker house" Not all prop shops are a scam. There still are a couple of serious P/L firms out there. I think you got confused over terminology...you meant arcades. Desk fee + first loss...

I'm clearly in the wrong business....when people still pay 3.5$ per trade, why am I even working to find an edge in the market?? Your post is the proof that the homo oeconomicus doesn't exist.

errmmm...you can forget about the mid 00s prop shop model, scalping and market making in STIRS or fixed income spreads. With those strategies at work you could train a talented beginner within 6months to break even. Todays markets are much more efficient and the discretionary strategies have...

I wonder why you even wonder^^ It's called "investments" for a reason. If you want to trade, chose a brokerage that caters to traders, not a fee hover for mom&pop 401k investors

Nobody doubts that. But have you ever had a closer look at how these returns were achieved? He actively influences the market, not just by trading size but also by giving speeches, releasing analysis pieces...he's an activist investor not a trader. Big difference...I mean, just look at the...

I mean, just let him dream a bit. It will take a couple of months until he realises that he already lost the battle before he even started but in the meantime, he can at least think about how he will spend the money^^ On a more serious note....you might have a Ph.D (Probably heavily in Debt) or...

I don't get it...that's how the hedge fund business works. Look at Bill Ackman. He's not the best trader but he knows how to drum up money if he gets his balls kicked by the market. How much did he lose on Valeant? How many investment conferences did he speak at to convince people that his...

Honestly, I haven't read so much BS in a single thread in a long time. Price action is not an edge it's a tool. My edge: I know the price of an asset better than other participants in the markets I trade. I create synthetic assets that mimic the prices of the original ones or their...

As others said...forget about it dude. It is as if you were asking for a job as NFL quarterback. Analyst position seems a good place to get your foot in the door and to gain experience. Starting your own shop...gooooood luck^^

So what's this project even about? You don't need a broker in crypto, you have direct exchange connections. Are you planning to open an OTC - desk for institutionals? Do you want to open a MM operation for retailers à la FXCM? Perhaps you can post some information here? I do a good portion...

It has nothing to do with the data. You can input the exact same datasets and you'd still get two different results. The issue is known and not even NT knows why that is. All retail platforms have the same problem. They are set up slick and clean until the peons chime in with feature requests...

I'm refering to systems development in general and automated execution. I still use it as a backup for execution should my other stuff go down. It has price ladders and point&click order entry. That's all I need. I don't use charts

Well, lets put it this way: If you are a hobbyist who has a system that trades twice a month and you only want execution besides that, NT 8 is fine. If you have a system that trades 50 times per day, requires an accurate dataset, a programming language that doesn't need a lot of resources and...