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Okay I will give you my strengths and weaknesses. strengths I was always profitable as a prop trader. Every shop I traded at was a high frequency scalping shop. Scalping was defined as cutting losses quickly. Never holding a position into a number or overnight. All shops had very cheap...

I scalped the chop for ticks. I was a range player. I believe trading the chops back and forth before the breakout can be more profitable than trying to guess when the big breakout will occur. It also is a great way to reduce risk exposure because risking only a couple ticks per trade...

I agree with your observation. I would add that the lower the burn rate the longer can survive. The longer can survive the better chance some traders are successful.

Well I believe some get it some do not. Time it takes for this to happen actually is random and highly unpredictable. I think the smaller cost structure is a very important psychological edge that cannot be overlooked. When a trader is breaking even for 6 months in USA and sees that he has to...

Agreed. My wife's sister lives in Chang Mia. I was also thinking trading Eurex products would be a better option because hours would be 2pm-10pm instead of 8pm-3am. The issue with Chang Mia is the internet connection is not that reliable from what I have heard. Why would I have to...

opening a prop because i had more success in the prop situation. One of the biggest problems proprietary traders make is not realizing all the different jobs they have taken when they try to trade on their own. When you are a prop trader you have one job TRADING! As an independent trader...

These are great questions. The reason I want to open the shop in Thailand is I will have time on my side. A high school/college grad makes between $300-500 a month at salaried job. I agree it would take a long period maybe 6-12 months to get 2-4 solid traders who seem to understand how their...

I agree very much. thank you for this comment Sean

You are very knowledgeable and I welcome rational constructive criticism like yours. Do you believe the following if taught to newbies could be considered an edge? Teaching very strict money management. I personally think money management is 90% of the game. The rest is fluff. I...

I agree with this. I would need to find good firm.

Great I do not mind being stupid and in second place. Please clarify. Do I not know what I am talking about because plan sucks? Or do I not have idea of current opportunities??

1. There is a large pool of unemployed college graduates who would work for $50-$100 a month with 10% commission. Somehow, I am thinking of the story that if you had thousands of monkeys pounding away on typewriters, eventually they would accidentally type something that made sense. I...

thank you for your reply. I already have the clearing relationship. Yes I will have a better cost structure than any trader can get individually. Thank you for your reply. I agree that I must have a trading contract that provides incentive for the trader to stay with me OR scares him...

I have been developing a plan to trade in Thailand. In my previous posts I discussed my desire to trade in Bangkok. Well the plan has taken a turn. Now I am looking to open a proprietary trading firm in Thailand. Please review my business plan. I am looking for any constructive support or...

I have been developing a plan to trade in Thailand. In my previous posts I discussed my desire to trade in Bangkok. Well the plan has taken a turn. Now I am looking to open a proprietary trading firm in Thailand. Please review my business plan. I am looking for any constructive support or...

anyone

Is the internet connection good?

I am moving to Bangkok Thailand in 3-6 months. My wife is Thai so finding a place to live is no problem. I was wondering if anyone would share their trading experience in Thailand. Do you trade from an office? Do you trade from your apartment? Any information would be helpful,