Prop Firms in California

[proppytrader]

Look, this is the way it is today:
NOBODY who has a big winning strategy is going to share their ideas with you.

I'm just curious so I have 2 questions:
1) How old are you?

2) What sort of income do you think you could make trading? ie what would you expect you would make ?

As to firms, I have been with several (including the first mentioned) and retired under age 50 --from the income I made trading.
The only constants are the increasing sophistication and computational power required to make money, and the continual flow of people who want to trade for a living.

If you are not willing to spend 18 hrs per day , and work weekends, don't waste your time.

 

[TonePot]

SMB gives winning strategies away at least once a week to the internet and Bella talks multiple times in his books and seminars about his teams working with each other to grow with each other. So I dont believe that NOBODY would be willing. I dont want to join a firm that is secretive about everything and not willing to share ideas or mentor there traders. Im not looking to only trade bigger for the sake of trading bigger and im not looking to make a million within a day. Im not concerned about my dedication to trading ive been trading for a little more than 2 years now and this year became consistently profitable. By no means perfect and plenty of room for improvement. Im 25 and the ceiling is limitless I have no expectations but to be and stay green. I want to be part of a team that shares the same ideologies as SMB. Thats my goal here, but I will settle for anything really just to be part of a desk. Im craving the team work aspect of trading as ive never had it before and can only watch videos of other firms and what they have with their traders.

 

[proppytrader]

I don't mean to be cruel, but no consistent, highly profitable trading strategies are going to be given away unless you find someone like me who gave away his strategies 15 years ago only to see a group of people automate them without asking me to join them. (I got over the anger quickly because I had enough money to retire, and it was time to get out).
I don't like team trading. I liked hiring people to feed me news or provide an extra set of eyes .

I have no idea what strategies SMB uses, but there is a VERY tiny subset of strategies with a 90% win rate. That's what I mean by "consistent." 90%.
I was expecting you to not have a feel for how much you expected to make. There's nothing wrong with that because there isn't a correct answer.

I've read what you wrote, and I'm more than twice your age. I have no idea what your background is or your capabilities are. I would have been overjoyed to make $100,000 per year when I started trading . It turned out to be a fu*k ton more, and it lasted 12 years peaking in 2009.


Ideologies? Did you mean ideas?

What you need today are programming skills because every 90% strategy requires highly skilled programming. Please, forget technicals.

The guys I know who got rich trading--only a few are still at it (and by "rich" I mean enough to live on unearned income , vacation whenever they want, travel first class, eat out when they want). I can think of only one who makes more today. But, then, he started at 20 and is 40 now. He's way beyond my idea of rich.
(I don't need my own jet)

My idea of a great trade today is the 5% 7 month CD I got a few weeks ago. Like trading, those deals don't last long!