My Experience at a Prop Firm
- Thread starter pineman
- Start date
this thread is to long , need pictures.
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For those still wishing to go prop i hear
Don bright has a New breakthrough training program
best of its free no deposit required.
Its Called WTF short for,,
W ash
T he
F loor
Thats right you wash the bright trading floors don will personnaly
give you some trading wisdom once a day.
dont hesitate give sweat equity a try today.
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For those still wishing to go prop i hear
Don bright has a New breakthrough training program
best of its free no deposit required.
Its Called WTF short for,,
W ash
T he
F loor
Thats right you wash the bright trading floors don will personnaly
give you some trading wisdom once a day.
dont hesitate give sweat equity a try today.
I still think Don Bright and Van Tharp (when he had his mustache) look alike.
Or are they the same person?
Anyways... I thought WTF was pineman by the freeway entrance with a sign saying:
W ill
T rade 4
F ood
Mo, it's called survivorship bias. The traders who come to our firm are ALREADY successful. They already won. Hence our higher success rate. We don't take newbies. So yes, the failure is 80% to 90% across the board. and yes, about 50% of our traders are net profitable. I don't know why this is so hard for a former Refco trader to understand.
Sorry wrong again Mo. See we are not just a broker. We actually have guys that are fully backed. We also have guys that we have raised capital that trade none of their own money. If you are going to challenge me, get your facts straight first. Yeah that salary those guys receive at your wonderful futures prop is about the same as the guy working as a swing manager at Denny's. Come on dude, don't be obtuse. These guys are not working at Goldman. You want a real salary, go sit on a real trading desk at the big I-banks where guys are making 250k to 500k a year base with 1 to 2 million dollar bonuses. Not this freaking fast food wage salary to learn a scalping style that is obsolete with absolutely no edge to speak of. I talk to all these guys at your so called "salary" prop, and they are not making shit. If they were, they would be contacting me. LOL. Mo, I think you need to bring more ammo to the table. You are about out of bullets. Good day to you.
P.S it's losing, not loosing. I see there is no educational requirement at your wonderful salary prop firm.
I'm not taking anything personal. You made two statements. Both were inaccurate. What else do you want me to say? I addressed your points. now what?
Wrong yet again. You are not doing well today with this are you? LOL. They come to us because there is no edge where they are trading. They are scalping ticks back and forth in products that offer no edge. In other words, they are not making shit. Most these guys come to us because they either want to trade options or overnights. How many overnights you trade over there at Refco buddy? How many options you do a month? Oh OK, nevermind then.
They also come to us because they are interested in raising capital. Real capital. Not prop firm money. These guys want to run 50, 100, 250 million dollars. And none of it is there money!!
Seriously man, get a grip. You obviously have no idea what we do so stop it with the act. Guys trade with us because they trade more then one product. They don't want to be forced to tick f*ck the spoos all day 500 times to eek out a McDonalds salary.
They come to us because some guys actually want to trade more longer term. They like to trade stocks, options, futures, FX, commodities.
They want to build a track record and trade real money in a real fund. Your futures scalping is a one act gimmick. I hope you enjoy it while it lasts. Because all the autobots are going after your money.
So instead of pretending like you know everything, why don't you bite your freaking tongue and start asking some questions. Just admit for a second that maybe, just maybe, you do not have all the pertinent information in front of you. That's usually the mark of a good trader. You obviously have some room for improvement.
Well I'll start having some class as soon as you stop pretending to know the first thing about my firm. I could care less if your traders hold trades for 2 minutes or 2 hours. They are all intra-day futures traders. And yes, they come to our firm to get out of your world. They usually are decent traders but no longer want to be confined to intra-day trading. They have had success in the past and for the most part are profitable traders.
Most of them want to get into options or hold more long term. Not two hours. LOL. And yes, many of them want to raise money. In fact, most traders want to raise money. No one wants to be owned by a prop firm.
You see, we have many different styles of traders that come to our firm to solve different needs. We have very few futures traders. Why you keep comparing my firm to that of prop futures is beyond me. We have guys that daytrade stocks, scalp futures, do arbitrage, baskets, market neutral options strategies, long term directional, pairs trading, convertible arb, stat arb, basis trading, and good old long/short equity.
I respond appropriately to the tone of your posts. You are such a freaking know it all. And you know what, I would give you your due if you actually got one thing right about my firm. But it's hard to respond in a respectful manner when the person you are talking to is absolutely clueless about my firm. I tried to be polite to you and all I got was you saying that I was misrepresenting my firm or that I was misleading people. That's funny Mo, because I know a lot of people in Chicago, NY and beyond that have never and would never characterize me that way. I'm probably one of the few straight shooters on this board and I'm more then completely honest about this business both on this message board, to those that call me and even more so to those that actually meet me in person.
I would PM you my office number but I know you won't call. I would give you my office address but I know you won't show up. That's fine. Just as well, anonymous message boards are great aren't they?
I'll start being civil when your responses warrant that. How's that?