Well as far as I am concerned I have developed my edge from years of trading arbitrage in the treasury market and trading outright in the equity futures markets. This has given me my edge in trading outrights not only in the treasury market but other markets as well. Recognizing what the people who move the market use and know how to interpret what they appear to be doing is key to my edge. Watching the yield curve move in real time in the cash markets is very important.
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ghco...yes or no?
- Thread starter ebayuser
- Start date
Quote from Pyramid20:
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.
And yet I print profits, who'd a thought?
Quote from Pyramid20:
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.
I'm curious to know if you trade (professionally or not) and which vehicle it is?
Quote from ehoofnagle:
HILARIOUS!!!! SerenityScience, is just liv'n the dream. LOL. To come on this site and read your posts, makes me lol everytime. Thanks.
And you're still pissed off that you weren't a good fit there. Unfortunately there's nothing funny about that. I hope that things eventually turn around for you.
Good luck!
I would take the opportunity at GH in a heartbeat. There is tons to learn there from a lot of good people. Just be willing to bust your ass. Worst case scenario is you gain knowledge in market action while trading on the sim.
I would recomend a firm that has more technological development and a better risk appetite.. The days of grinding out FIT, NOBS for a lousy 1-2k are gone.
Look at some where that takes risk, has a good team developing autotrading programs that arent basic if/then statements. I would avoid this career path at all costs unless you already have a good amount of cash of your own and dont care about putting your personal growth on hold for 3 years.
"Worst case scenario is you gain knowledge in market action while trading on the sim."
Fyi if you spend more than 3-4 weeks on a SIM you are wasting time. Get in the market, get your feet wet and learn on a tight stops. Dont let that SIM nonsense make you think you are moving in the right direction.
Look at some where that takes risk, has a good team developing autotrading programs that arent basic if/then statements. I would avoid this career path at all costs unless you already have a good amount of cash of your own and dont care about putting your personal growth on hold for 3 years.
"Worst case scenario is you gain knowledge in market action while trading on the sim."
Fyi if you spend more than 3-4 weeks on a SIM you are wasting time. Get in the market, get your feet wet and learn on a tight stops. Dont let that SIM nonsense make you think you are moving in the right direction.
Quote from SerenityScience:
And you're still pissed off that you weren't a good fit there. Unfortunately there's nothing funny about that. I hope that things eventually turn around for you.
Good luck!
Pissed off?? Uh, no. You keep writing that I did not make the "cut", that I did not make it there. That is not the case. Things turn around for me? What are you talking about?? I trade everyday and have been profitable every month this year. Have you? No, you really have'nt have you. You have been sim trading for a very long time. Although, you might be the guy I heard about over there that rode 8-10,000 shrs of CME from 700 to 300 this year.
C'mon dude, I really think you should start being honest w/ yourself and your future as a trader.
Quote from ehoofnagle:
Pissed off?? Uh, no. You keep writing that I did not make the "cut", that I did not make it there. That is not the case. Things turn around for me? What are you talking about?? I trade everyday and have been profitable every month this year. Have you? No, you really have'nt have you. You have been sim trading for a very long time. Although, you might be the guy I heard about over there that rode 8-10,000 shrs of CME from 700 to 300 this year.
C'mon dude, I really think you should start being honest w/ yourself and your future as a trader.
You sound pretty pissed off to me. You continually insult me despite that I have NEVER done anything to you except inquire as to why you would cast shadows where they do not belong. My profitability in market and your profitability in market have nothing to do with lashing insults, and frankly it is counter productive David. Why do you do it? What purpose does it serve? What is it that you hope to get out of insinuating that I'm inferior to you because I'm a new trader? If GH is sooooo terrible, explain to me why? Why is it that they are profitable if they are doing something wrong? AND- if it is not true that you did not make the "cut" why do you do not work there? Were you a hired and under contract employee there that saw fit to quit? Were you a hired and under contract employee there that was fired?
AND if you were not a hired and under contract employee at any time what in gods green earth gives you the inkling that you have any experience to be able to qualify or judge a company on whether or not it is a good company to work for?
This is all getting very old, talking to you about this nonsense. You seem to have a very dull axe that you insist upon grinding against the name of a trading shop that has been nothing but good for myself and allot of other traders that I personally know and respect. What is it that you wish to gain by doing this? What purpose does it serve? And again- please answer this question:
Were you ever an employee under contract there?
Quote from SerenityScience:
You sound pretty pissed off to me. You continually insult me despite that I have NEVER done anything to you except inquire as to why you would cast shadows where they do not belong. My profitability in market and your profitability in market have nothing to do with lashing insults, and frankly it is counter productive David. Why do you do it? What purpose does it serve? What is it that you hope to get out of insinuating that I'm inferior to you because I'm a new trader? If GH is sooooo terrible, explain to me why? Why is it that they are profitable if they are doing something wrong? AND- if it is not true that you did not make the "cut" why do you do not work there? Were you a hired and under contract employee there that saw fit to quit? Were you a hired and under contract employee there that was fired?
AND if you were not a hired and under contract employee at any time what in gods green earth gives you the inkling that you have any experience to be able to qualify or judge a company on whether or not it is a good company to work for?
This is all getting very old, talking to you about this nonsense. You seem to have a very dull axe that you insist upon grinding against the name of a trading shop that has been nothing but good for myself and allot of other traders that I personally know and respect. What is it that you wish to gain by doing this? What purpose does it serve? And again- please answer this question:
Were you ever an employee under contract there?
Ian,
What's the word, man? How's it going at GHCO?