Do any prop shops/firms have an edge?

[newwurldmn]

"Buy side" means that a firm manages money (like a hedge fund or asset manager), as opposed to "sell side" (like an investment bank), which is a firm that makes a market and provides liquidity. In an institutional context, legit prop shops like Jane Street or Timber Hill, use their own money to provide liquidity or make markets. Those prop shops will teach you a lot, but they typically seek top tier talent (programmers, quants, or traders) and don't recruit much (if at all) from the retail space.

and any edge that they have institutionally won’t be shared with anyone. You will be given signals snd look to source inventory around those signals.

 

[newwurldmn]

I started trading 4 years ago, out of college and have consistently been profitable with 100% of my trades being short positions in a market that “only goes up”. I’ve found a very niche strategy that works for me but feel that I am limited, shorting in a market that it is designed to go up. I am confident that I can be more successful If I could learn to trade from the buy side.

Are there any prop shops/firms that do more than just provide capital?

buy some SPY and keep doing what you are doing.

 

[Tradex]

Well you have it under your nose - "buy the dip"

No no, he is literally going for his physical gold, as if the world was ending.
Anyway.

 

[kmiklas]

Should we assume that your wife hates your trading activities ?
Just joking.

I don't have a wife.

 

[Tradex]

I don't have a wife.

Oops, sorry.

 

[kmiklas]

No no, he is literally going for his physical gold, as if the world was ending.

...or had his wife go for the gold XD. Hey, you never know... maybe one day the banks won't open for us!

 

[Girija]

I think the poster is looking to get to a trading firm and he emphasized 'he can successfully short even in a market that only goes up'. Either a job or partnership?.....

 

[kmiklas]

This guy is a real bore, and always "going for the gold" each time the market drops by 10%.
I did not learn much from his book quite frankly.

What book would you recommend?

 

[Tradex]

maybe one day the banks won't open for us!

Banksters never die, you should know that by now...

 

[Tradex]

What book would you recommend?

I've read over 400 trading books, only 3% of them or so will show you the backtest of their systems. And when you look closely you notice that most of these winning systems cannot do better than the index, despite the fact that their drawdown is usually smaller.

That said I like the Perry Kaufman books, they provide a solid scientific foundation for most trend-following and counter-trend techniques, even though they are not for the casual reader.