prop firms in china

Quote from newguy05:

Hi can you please provide more detail on what you trade and types of strategy you use on the shanghai market. I am very curious, assuming when you say trader, you mean a real full time trader not investor...

Correct me if i am wrong, but i am pretty certain the shanghai market is completely controlled by the government and large market maker players.

In addition, rules are in place that make any type of day / short term trading impossble. ie: max gain/loss per day is 10% for all stocks, you cannot buy/sell on the same day for any 1 trade, any stock that drops x% consectively for a few days are frozen and cannot be traded, no shorting allowed, etc...
More...


I don't trade nor invest in Chinese stock markets, I am a futures/options player targeting Asian exchanges.
 
Quote from harold:

but there's one prop firms in my city only, if i have the opportunity
to choose,maybe i'll scout for a better deal.
More...

Not true. There are other prop firms in your city. The business model of the other prop firms is different. You have to put up the deposit and they provide you the leverage. You can get close to 100% of the profit, but you have to take the risk of losing all your deposit.

In swiftrade, you don't have any risk. Your investment is your time and your effort. You don't have the risk of losing any real money. time and effort is usually cheap in China. So I will consider swifttrade is a better deal for you.

I planned to start a prop firm in China last year but decided not to. The risk of running a prop firm using my capital is too high. The reward is not high enough to justify my investment.

Remember the prop owner risks his money and spends a lot of time to train the trainees before the traders can make money for him. Once you become a good trader, you might leave the firm and the owner might not earn back his investment.

Most prop firm owners in China are losing money. The HK branch closed business several years ago, and there is no prop firm in HK. Why? The reason is clear. It is hard for the prop owner to make money in Asia.
 
Quote from joesan:

As a native Chinese trader in Shanghai, I am always curious why some overseas firms try to recruit local to trade their market. Believe me, a successful trader anywhere would not bother to stay up at night to trade a market 13 hours later than his timezone. It's not a healthy life style. Unless prop firms can provide trading of some instruments of this time zone( NIKKEI, HSI, KOSPI ,etc), I don't think they will have much fun in China.
More...

The rules and regulations of the financial systems are different. Most prop firms get the leverage from their clearing firms. In China, a BD is unable to get any leverage to trade Chinese stocks. That means, if I give you 1 millions of buying power to trade Chinese stocks, I have to put 1 millions in the clearing firm.
 
Quote from harold:


top trader trade 7000 times a day. and earn over 500k$ one day.
over 1/5 volume in nasdaq made by us.

secret ,commercial secret.........
More...

That's a blatant lie! Do you know how many seconds in a trading day? If you take your late night "lunch" break away, how many seconds do you have? If you trade "7000 times a day," do you know how many seconds you spend on each trade?

After you do your ariths, let me ask you: is that possible? If your answer is no, let me ask you: are you lying? I bet your answer is yes.
 
Quote from 4DTrader:

That's a blatant lie! Do you know how many seconds in a trading day? If you take your late night "lunch" break away, how many seconds do you have? If you trade "7000 times a day," do you know how many seconds you spend on each trade?

After you do your ariths, let me ask you: is that possible? If your answer is no, let me ask you: are you lying? I bet your answer is yes.
More...
:p i am sure there;s a thing called : program....
 
Quote from 4DTrader:

That's a blatant lie! Do you know how many seconds in a trading day? If you take your late night "lunch" break away, how many seconds do you have? If you trade "7000 times a day," do you know how many seconds you spend on each trade?

After you do your ariths, let me ask you: is that possible? If your answer is no, let me ask you: are you lying? I bet your answer is yes.
More...

I bet harold is the owner of the branch.
 
Quote from 4DTrader:

That's a blatant lie! Do you know how many seconds in a trading day? If you take your late night "lunch" break away, how many seconds do you have? If you trade "7000 times a day," do you know how many seconds you spend on each trade?

After you do your ariths, let me ask you: is that possible? If your answer is no, let me ask you: are you lying? I bet your answer is yes.
More...

It's not a lie... when I was with swift I did over 6000 trades in one day... (I frequently did over 3000 trades) Not all of them were manual trades but a very large portion of them were. yes I was exhausted at the end of the day.

- mnx
 
Quote from mnx:

It's not a lie... when I was with swift I did over 6000 trades in one day... (I frequently did over 3000 trades) Not all of them were manual trades but a very large portion of them were. yes I was exhausted at the end of the day.

- mnx
More...

and you made 500k/day ?! :P
 
actually, hows the latency from beijing/shanghai to NYC like?
thinking of heading there for a while maybe...
currently trading from london, and i get like 80ms latency for island, which is fine......

can you scalp there at all, or just more like position trading?
 
You must log in or register to reply here.
Back
Top