I went totally broke because...

Quote from TraderZones:

Quote from stock piker:

Bullshit. I am around traders who make 7 figures in a prop environment.

Yes, but if you take their pictures down from your wall, then you will be alone.

... with horrible MM. They do receive looks at major secondaries at good discounts (edge), but their bread and butter is risking 20 cents to earn 5.

That has nothing to with horrible MM. There is no problem having a large stoploss and small target, if your expectancy warrants it.

Risk of ruin? One of them is building a 6mm home near Stamford CT and paid cash.

Ouch. Please go away. Your ignorance is alarming. In 2008, the Investment Banks were handing out fat bonuses. By the end of 2008, Lehman and Bear were effectively gone.
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Canfield-the-moron,

Their win-rate doesn't support 4/1 risk. IOW, they are not trading an 80% or better win-rate. They become "pot committed" and sit on huge drawdowns. So it's the definition of bad money management. The goal is 4/1 at 4/5 wins, but never achieved. You couldn't define expectancy if it fell from the sky and landed on your face.

These are not bank-traders. It's an independent prop-group owned by 4 partners. They eat what they kill.
 
Quote from stock piker:

Their win-rate doesn't support 4/1 risk, they are not trading an 80% or better win-rate.

Obviously, you said nothing about this. Not that anything you have said has much interest to it. But if you are looking for people on ET who are psychic, then you need to go to --> en.wikipedia.org/wiki/Psychic.

They become "pot committed" and sit on huge drawdowns. So it's the definition of bad money management. The goal is 4/1 at 4/5 wins, but never achieved.

And these are the names you drop. At least it is apparent where you get your skills from.

But still waiting for your point. You portray an amazing ability to say stupid things, leave out details, make wild guesses, and somehow think your posts therefore have any meaning.

You couldn't define expectancy if it fell from the sky and landed on your face.

It is painful to watch you try to be clever. You confuse drafting insults with having a mind.

These are not bank-traders. It's an independent prop-group owned by 4 partners. They eat what they kill.

Why do you keep touting these people? Because you want to become like them some day when you progress from paper trader?
 
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