My Story in Prop Trading

[peterkto]

I've been trading low float stocks for a long time. It didn't used to be such a dominant strategy for me but it became one this year simply b/c I got bored and became one-dimensional and lazy... would just pull up the top gainers and short them on the open.

and yeah I struggled hard but I attribute it more to tilt and poor discipline rather than diminished edge.

 

[qlai]

Do you compare your performance to peers? My understanding is that this was not good year for low float trading (relatively speaking)

 

[peterkto]

I thought opportunities were just fine. Maybe not as good as 2020-2021 but nothing will match those years, across any strategy...

 

[trade4succes]

Great stuff again, Peter, thanks for your sharing!

 

[deaddog]

Final post: https://churningandburning.com/2023/12/epilogue.html


Thanks to anyone who read it the whole way

Thank you for taking the time and effort to write it.
You should make it into a book.
Another poster on ET has a book out "Cash Rules: Reminiscences of a Day Trader" descibing a similar journey. In my opinion yours is better.

 

[peterkto]

Thank you for taking the time and effort to write it.
You should make it into a book.
Another poster on ET has a book out "Cash Rules: Reminiscences of a Day Trader" descibing a similar journey. In my opinion yours is better.

David right? He read my work and sent me his book. I enjoyed it and it gave me some ideas for my post "10 Traders you Encounter in Prop". Our backgrounds sort of intersect although we never crossed paths as traders.

 

[deaddog]

David right? He read my work and sent me his book. I enjoyed it and it gave me some ideas for my post "10 Traders you Encounter in Prop". Our backgrounds sort of intersect although we never crossed paths as traders.

Right, that's the guy.
Like I said the stories are similar and I like the way you referred to specific trades. David has an ET alias I couldn't find but I did ask if he could share some specifics and didn't get a reply.

 

[ph1l]

David has an ET alias I couldn't find

@stewbacca

 

[stewbacca]

Right, that's the guy.
Like I said the stories are similar and I like the way you referred to specific trades. David has an ET alias I couldn't find but I did ask if he could share some specifics and didn't get a reply.

Love Pete's work. Well-written inside look into prop world. @deaddog happy to answer any questions

 

[deaddog]

Love Pete's work. Well-written inside look into prop world. @deaddog happy to answer any questions

Could you show an example of how you traded, how you would take a small account to a large account trade by trade.