any prop firms hiring?
- Thread starter AnonTrader
- Start date
This is really getting funny now. Did you read my last post?
That study was directed at daytrading firms where people trade from an office, and most definitely did include pro firms. Anyway, ain't no difference between some one who gets a license or somebody who doesn't have one, has nothing to do with earning substantially more over time than you're losing, and accomplishing that after all relevant costs, and still having enough over to pay the rent.
Anybody who says that that study is not accurate should prove it.
Everything else is just unfounded marketing.
The GAO report said day-trading firms admitted that most clients lose money initially, but contended that those who stay in the game more than six months make profits.
"This claim directly contradicts the most extensive study on profitability [of day trading], which was conducted by the Washington State Department of Financial Institutions," Levin noted.
I found a thread by a guy called Hitman who traded for a so called pro firm where he more or less exactly substantiated the findings of that study.
That is just plain old reality.
That study was directed at daytrading firms where people trade from an office, and most definitely did include pro firms. Anyway, ain't no difference between some one who gets a license or somebody who doesn't have one, has nothing to do with earning substantially more over time than you're losing, and accomplishing that after all relevant costs, and still having enough over to pay the rent.
Anybody who says that that study is not accurate should prove it.
Everything else is just unfounded marketing.
The GAO report said day-trading firms admitted that most clients lose money initially, but contended that those who stay in the game more than six months make profits.
"This claim directly contradicts the most extensive study on profitability [of day trading], which was conducted by the Washington State Department of Financial Institutions," Levin noted.
I found a thread by a guy called Hitman who traded for a so called pro firm where he more or less exactly substantiated the findings of that study.
That is just plain old reality.
you wrote:
That study was directed at daytrading firms where people trade from an office, and most definitely did include pro firms. Anyway, ain't no difference between some one who gets a license or somebody who doesn't have one, has nothing to do with earning substantially more over time than you're losing, and accomplishing that after all relevant costs, and still having enough over to pay the rent.
Anybody who says that that study is not accurate should prove it.
guess what!
there are a lot of us who pay the rent trading.....
That study was directed at daytrading firms where people trade from an office, and most definitely did include pro firms. Anyway, ain't no difference between some one who gets a license or somebody who doesn't have one, has nothing to do with earning substantially more over time than you're losing, and accomplishing that after all relevant costs, and still having enough over to pay the rent.
Anybody who says that that study is not accurate should prove it.
guess what!
there are a lot of us who pay the rent trading.....
Turlo & TigerO,
I'm not disputing the statistics of "studies" about the success of daytraders. But you have to understand that short
term trading is high risk and it is a skill that can take years to master. So if I took all the traders that lasted one year, then two years etc. , the statistics would look better. When direct access
software first came out, too many people started trading who
should not have been in the first place. I think the direct access
industry is more of a "mature" market and the trading environment is hard , but may improve in the future.
Statistics can be made to prrove anything. I could say 60% of the traders in one of our offices are making money and 30% are making a six figure incomes , but I might of had 100 traders go through that office to find 10 talented traders. I think everyone sees my point.
Gene Weissman
Lieber & Weissman Sec., L.L.C.
gweissman@stocktrade.net
I'm not disputing the statistics of "studies" about the success of daytraders. But you have to understand that short
term trading is high risk and it is a skill that can take years to master. So if I took all the traders that lasted one year, then two years etc. , the statistics would look better. When direct access
software first came out, too many people started trading who
should not have been in the first place. I think the direct access
industry is more of a "mature" market and the trading environment is hard , but may improve in the future.
Statistics can be made to prrove anything. I could say 60% of the traders in one of our offices are making money and 30% are making a six figure incomes , but I might of had 100 traders go through that office to find 10 talented traders. I think everyone sees my point.
Gene Weissman
Lieber & Weissman Sec., L.L.C.
gweissman@stocktrade.net
I don't what this is all about....some kind of exercise in futility...Oh well, we do what we can....I'll let the rest of you deal with the the tiger.....
I mean, what the heck do I know....all we did was assist the Senate in their investigations, help write the rules for licensing traders, assist with audit procedures, been exchange members since the 1970's and run one of the biggest trading firms.
I'm starting to miss Hitman......
I mean, what the heck do I know....all we did was assist the Senate in their investigations, help write the rules for licensing traders, assist with audit procedures, been exchange members since the 1970's and run one of the biggest trading firms.
I'm starting to miss Hitman......
I've only been accessing this site for about a week now. It is very interesting how this particular thread started (any props hiring ?) and I believe there was one or maybe a second response to "any props hiring". Yet there are 12 pages (and growing by the minute) in this thread.
I sit and read. I laugh and shudder at whats said out here. Have I entered this profession ( 4 years now ) totally blind to the real trading world ? Maybe I was always shielded because of where I worked. Anyway, the question remains...and I would be very appreciative if it were answered......... Are any prop firms that don't require any capital hiring ?
That is not my only personal interest, but it is the question that started this thread and I would like to see if anyone knows of such firms.
I will start a new thread called "Bash Bright" or "Trash the T Names" so we can enjoy the fabulous give and take that makes this country (and market) such a great place to live in.
I sit and read. I laugh and shudder at whats said out here. Have I entered this profession ( 4 years now ) totally blind to the real trading world ? Maybe I was always shielded because of where I worked. Anyway, the question remains...and I would be very appreciative if it were answered......... Are any prop firms that don't require any capital hiring ?
That is not my only personal interest, but it is the question that started this thread and I would like to see if anyone knows of such firms.
I will start a new thread called "Bash Bright" or "Trash the T Names" so we can enjoy the fabulous give and take that makes this country (and market) such a great place to live in.
In the game of trading there are always gonna be losers. Isn't it just that simple an equation? Price goes up, some people win, some lose. Price goes down, again, some win, some lose.
Do day traders form a really high percentage of the losers? Who cares. If someone is looking to some message board to decide whether or not he can make money day trading, I'd say he's got his priorities mixed up big time.
It's really up to each individual that decides - that truly commits - to being a trader to find a way to make money. I don't really see how statistics about 95% of people losing, or 52.5% of people in a certain office are making 6 figures, or 31.6% of never married single men on the west coast make $1k/day scalping are gonna help YOU in your endeavour to become profitable.
Daniel
Do day traders form a really high percentage of the losers? Who cares. If someone is looking to some message board to decide whether or not he can make money day trading, I'd say he's got his priorities mixed up big time.
It's really up to each individual that decides - that truly commits - to being a trader to find a way to make money. I don't really see how statistics about 95% of people losing, or 52.5% of people in a certain office are making 6 figures, or 31.6% of never married single men on the west coast make $1k/day scalping are gonna help YOU in your endeavour to become profitable.
Daniel