Hiring a day trader

[qxr1011]

how do one go about hiring a good day trader

you won't be able to hire a good daytrader...

 

[newwurldmn]

The overhead of running your own family office of day traders is pretty high. You are better off investing in a fund that does it for you unless you have hundreds of millions.

Recruiting good traders is hard. Turnover at firms like Millenium and Citadel are crazy high (the lifespan of a trader at Millenium is < 2 years and some last only 2 days).

 

[K-Pia]

Ok there ET police. As if you never go off topic. And is this really off topic? Is this really trash talk as you state? The OP wants to hire a day trader. Do you think if someone came along and said they have an 80% win rate with the average profit being 5 points and the average loss only 1 point, wouldn't this sound too good to be true? Even as "ian" points out, the distribution is much more important than an average. So if you ask me, all of this is completely on topic.

 

[Swan Noir]

“There can be as much value in the blink of an eye as in months of rational analysis.”

http://www.goodreads.com/work/quotes/1180927-blink-the-power-of-thinking-without-thinking

Read "Blink" a few years back; good book, fun read.

 

[radex78]

you won't be able to hire a good daytrader...

Very difficult to find them, required more research and look on long time , if there are might only ordinary trader which still often fail in their trades