Competing Objectives...Who Wins?

Quote from sambatrade:




re: 500K the 2nd yr, i'm quoting TraderJimR. I think he's smoking something...
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And it's some gooooooooood stuff too :p

To clarify, if someone told me that I also would think they are smoking something. I was purely trying to make a point that if people have to be informed of the horror stories, then by the same logic they should also be allowed to be informed of the phenoms. Or something like that... This doobie is clouding my brain, goooooooooooood stuff man...
 
Limitdown made a good reminder about Jack Schwager and his letING the profits run, like bigtrends .


May pay also to read and apply a different time frame ; I learned more about PRECISION entry & exit from a completely different trader style than mine. Day Trader in NYC swingtrades his IRA.

________________________

Bright idea - ''the secret of your future is in your daily routine ''-Mike Murdock.:cool:
 
Quote from murray t turtle:

Limitdown made a good reminder about Jack Schwager and his letING the profits run, like bigtrends .


May pay also to read and apply a different time frame ; I learned more about PRECISION entry & exit from a completely different trader style than mine. Day Trader in NYC swingtrades his IRA.

________________________

Bright idea - ''the secret of your future is in your daily routine ''-Mike Murdock.:cool:
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anyone hear from him lately?
 
Question:

with so many announcements of firms closing offices or their doors completely, do you think that this discussion thread benefited you or others?

Do you think that you'd have conducted yourself differently as a trader, as a result of open discussions like these?

Do you think that the company representitives comments' mentioned here sound familiar, justify their cause or help to clarify outstanding questions we as traders have?
 
This is a complex business. Business is about developing relationships and finding out more. I wouldn't put money in a firm that I didn't feel good about, or with people that are unapproachable. We found out more. Well, I feel my knowledge increased, anyway.

I think about using a prop firm for leverage, mostly. I don't really think I'll want to do volume for too long. But I wonder if it's value is also in providing the mentoring? One member here on ET said that both Brights strongly recommended trading from their Vegas office for several months before going it alone at home. And he regretted not doing that.

André
 
Quote from Andre:

This is a complex business. Business is about developing relationships and finding out more. I wouldn't put money in a firm that I didn't feel good about, or with people that are unapproachable. We found out more. Well, I feel my knowledge increased, anyway.

I think about using a prop firm for leverage, mostly. I don't really think I'll want to do volume for too long. But I wonder if it's value is also in providing the mentoring? One member here on ET said that both Brights strongly recommended trading from their Vegas office for several months before going it alone at home. And he regretted not doing that.

André
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Bright is an awesome operation, and I complemented them earlier in this thread as the object model and the exception. There are a few others who are outstanding, but even they are rare.

I can concur and agree with the sentiments of your associate that wished they had traded under their tutelage in their Vegas office. That town is a riot. Finding a long term residence is a challenge for a few months. I went through their training for one week and learned more in that week than I learned at the scallywag chophouse that I got started in. Only good thing I can say about those marmalukes was we were in Rockefeller Center and were able to see the NBC Concerts in the morning when they had them, during the summer of 2001.

Bright cares, tries and publicly states those objectives. That is more than a far cry from those other shops that this thread applies to.

Cheers
 
I just heard today that FNYS still has traders doing really well in this market, but then again they do not do a lot of the scalping and real short-term trading stuff. Then again you are an employee not self-employed.
 
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