Do any prop shops/firms have an edge?

trader3030 said:
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”.
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Why did you assume stocks "only go up"? The average lifespan is 18years, meaning if you short a random basket of single names, unless you're very unlucky, you're expected to make 100% every 18years or so. It's actually much easier than trying to find big runners to the upside.

https://economictimes.indiatimes.co...nseys-dominic-barton/articleshow/50775384.cms
 
tayte said:
The average lifespan is 18years, meaning if you short a random basket of single names, unless you're very unlucky, you're expected to make 100% every 18years or so.
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What?

No, the stocks that go up big time will bankrupt you.
 
Girija said:
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?.....
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I've found a way to be relatively successful the past few years with a very niche strategy. I am not sure it will be sustainable forever...it is not always fun fighting the fed in this market.

It would be nice to be able to not just limit myself to 1 way of trading......I was interested how most traders at prop shops find their own edge.
 
trader3030 said:
it is not always fun fighting the fed in this market.
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True, traders who can win consistently betting against the trend are rare.

At its core, betting against the trend is a low probability trade with limited potential, unless the trader can capture a complete reversal of the trend.
 
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newwurldmn said:
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.
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There may be something to learn about how inventory is accumulated....it is worthwhile knowing, as a retail trader what may come your way.
 
Tradex said:
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.
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Generally, I find this book entertaining.

But what confuses me is his usage of magic T indicator. In those days, were the market cycles intraday that predictable?
 
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