What do you trade at GHCO or what financials/commodities are available to trade their?
ghco...yes or no?
- Thread starter ebayuser
- Start date
I trade gold, there are many of us that trade only gold. I know of some crude traders, and MiniS&P in my group. I'm sure there are others I just don't know about them.
As a trainee while your still on the SIM do you get a salary?
No, GH feels that compensation comes in the form of learning how to be a profitable trader. And given my limited success thus far I am inclined to agree.
Best of luck you you!
That's all well and good - but how am I supposed to eat and pay my mortgage in the meantime?
As for your trading - I don't know what to say - just make sure you give it your all. Also, don't expect that someone will be able to tell you what to do to be profitable. I think even with a great training program you have to work things out a lot for yourself.
Sapere Aude!
So basically you guys scalp whippy markets all day (gold, crude, ES). Where's your edge in doing that? There are a number of futures props (at least in chicago) where most or all of the guys in the firm are trading like that. Are guys making a living doing this, and do you know this for a fact? I'm curious to know.
It seems there are one or two guys in these types of firms who are killing it and then everyone else is coming in and out, which makes sense due to that style of trading.
Again, I'm curious where the edge is in joining such a firm (other than getting backed and having cheaper turns/rebates, good front-ends, excel tools, cheaper data feeds, etc).
It seems there are one or two guys in these types of firms who are killing it and then everyone else is coming in and out, which makes sense due to that style of trading.
Again, I'm curious where the edge is in joining such a firm (other than getting backed and having cheaper turns/rebates, good front-ends, excel tools, cheaper data feeds, etc).
What edge? What real "edge" exists anymore in electronic trading?
you just named it: getting backed, cheaper turns, faster speed, good front ends and support. Being in a group with guys who make thousands a day and seeing what they do and how they do it. That is an environment to learn and succeed whatever firm that may be. Everyone has to develop their own edge in what they trade. I am sure S Science is not going to articulate exactly what his may be. Most of all leverage- when you are backed you can trade multiple products with size.
I don't get it... You are hoping to make a career out of trading and you have professed that you have no edge in what you trade and that edge doesnt exist in electronic trading? Then why are you doing it?
Market makers have edge. Locals on the floor had edge back in the day. Arbitrage is still rampant in markets. That is edge. Not cheaper turns and more capital to trade with. That stuff means nothing if you can't be a net winner after fees.
Market makers have edge. Locals on the floor had edge back in the day. Arbitrage is still rampant in markets. That is edge. Not cheaper turns and more capital to trade with. That stuff means nothing if you can't be a net winner after fees.