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Prop Traders:
- Thread starter chasinfla
- Start date
I would argue that it's the deadbeats that run prop shops.Quote from wildshoe:
why exactly is prop not as profitable....?
i read that report that that one guy made about not hiring any new people and laying off the deadbeats from his prop shop and how sad he was, but he didn't really indicate what about the markets meant trading isnt working for them...
scalping
You must gain beyond your trading for continuing to pitch this AWFUL strategy. It works if you live in Bangledesh and can live on $300 a month.
Otherwise, you waste your deposit at mysterious sub LLCs, and you waste your life spending 6 months at the lowest tier firms learning a skill which basically ruins you ever getting a trading job again, and looks pathetic on a resume no matter what industry you apply to.
You can get the money back, but no one makes livable money doing this in the US, and 6 months of your life you'll want back later.
Otherwise, you waste your deposit at mysterious sub LLCs, and you waste your life spending 6 months at the lowest tier firms learning a skill which basically ruins you ever getting a trading job again, and looks pathetic on a resume no matter what industry you apply to.
You can get the money back, but no one makes livable money doing this in the US, and 6 months of your life you'll want back later.
Quote from EvOTrAdEr:
scalping BAC, F, S, SIRI, etc.
EMA crossovers working well for signals
most events nowadays are driven by economic policy and other macro events.