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cks, remember that I made a mistake on the first name of the author. It's Edwin - not Jesse :D Good luck in your pursuit!

Thanks for all the replies. I see mother nature has taken her course in the business. Looks like the best days of soley trading equity prop trading is gone. From the PM's and replies, my best guess is that the traders still making money have broadened their markets and also have...

At 11:18am we have 12 out of 24 - 50% that are leaving the business. It'll be interesting to see what the ratios are when we have some more data.

KS, I can see you're excited about your new career and I wish you much success, but how is your post relevant here? :confused: You'll quickly find that traders don't hold back any punches with their remarks. Nothing personal.

??? - this post was not supposed to be up. Please excuse the ET noob. I thought I deleted it, but I guess I hit the wrong button. This became a poll question in the prop firms board. Please disregard this post.

Woooo...this is dangerous territory you're treading on. lol I could name quite a few examples of some the items on your list. Too bad I can't remember them. ;)

dammit yer gonna make me reply. lol If you read into Livingston's life, there are those who believe that Edwin LeFevre was actually Jesse Livingston who is of course really Jesse Livermore. After a while, we started calling the author by Jesse LeFevre at our firm. But you are absolutely...

Yes, things got VERY bad in many ways for me around 9/11/01. Personal and financial. I see why you would want to ask though. If you help me make some of my change back, perhaps over a cold one I could share with you one day....:D Jokes aside, I'm literally starting over and just...

Reminescences of a Stock Operator by Jesse LeFevre Get the paperback, then you can carry it with you. I must've read that book a hundred times and I still learn from it when I pick it up. It's about a young stock trader, nicknamed the "boy plunger", who goes on to become a legend...

Since I've recently started looking to get back into the business, I'd thought I'd ask this question now. Q: Year after year, do you think it's getting harder to make money in daytrading at a prop firm? I mean from 2001 - 2006 specifically. Thanks for your vote.

Ahhh, to be young again. You made me think back to October 1987. It was not a happy holiday for wall street after black monday. Things were bad. I picked up a newspaper and amidst all the "we're doomed!" stories, I read about some guys with wierd names I've never heard of making fortunes...

scalper, swingers, L/T holders, moon watchers... The time frame or style is not important, there are successful traders in every time frame and style of trading. Usually about 5-10 traders out of a hundred. The question is: Which one will you be? The 5% or the 90%+ that gives...

Thanks to those who replied..whether you helped or not. :cool: I got a few PM's so thanks to those senders also. A couple of you asked for my name and I answered if I recognized yours or a mutual friend's name. "You're going to make a million dollars!" What W.B. said to me circa...

If[question=not_answered]&[time>21:30:00EST],[sellshort 1,000,000,000 ET@MKT] :D

Do you make money every year? Yes, even $1 !

You'll see a head-up-yer-arse at the open, followed by a flying usuckaji intraday and ending with a hoo-da-hell-knoz yeran-idiot for asking this question closing bar. Make sure you buy on the gap down from your ridiculous question. :eek:

ahhh brings back memories...thanks

Greetings fellow traders, Allow me to introduce myself and please forgive me for the long first post. I started trading in 1989 and stopped trading in 2002 (after 9/11). I was one of the original daytrading dirty dozen at Worldco when the world was a different place. I ran groups at...