Proprietary Trading Firms

Quote from optionzztrader:

i'm not really afraid to trade since i have been doing it awhile with options and know technicals, which is all i use. fundamentals can go suck it for all i care. just curious as to what strategies the prop firms want you to use mainly. all i care about is shorting and/or buying stock and possibly trading options which echo and benchmarq let u do. i love spreads as they are awesome for leverage and great for protection. yep, breakouts/breakdowns/trends are all i trade with confirmation of volume. i look at prior day's support/resistance/trends as well as current day to figure out where stock is going. it's pretty cool that i can usually predict where stock is going with previous day's trendlines cause those algorithms are easy to read and measure, pretty predictable. also going to pro trader course to see if they can teach me anything new as well. trading rules!!!!
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If you go to a prop firm where you put up "risk capital" they usually don't care what strategy you use, you just hopefully make money from it :)
 
also, try the metals stocks like TIE, RTI, PCU, ATI, etc.

TIE moves about $5 a day right now, a golden nugget for any daytrader. it moves pretty much in one direction during the day with a few exceptions of course just like any other stock. the stock usually has one major trend all day long and really moves. just a tidbit of info.
 
Quote from optionzztrader:

also, try the metals stocks like TIE, RTI, PCU, ATI, etc.

TIE moves about $5 a day right now, a golden nugget for any daytrader. it moves pretty much in one direction during the day with a few exceptions of course just like any other stock. the stock usually has one major trend all day long and really moves. just a tidbit of info.
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Sweet, now that is what I'm talking about, those are the kinds of stocks I like to trade, added TIE, PCU, and ATI to my watchlist. Thanks.
 
optionzztrader the greatest day trader of all time is dan zanger bar none. he's been in 10 national magazines over the past 7 years. in 18 month in 1998-1999 he took 11k to $42 million trading stocks which nobodys come close to.last year he made $25 mi. his documented results have been in fortune money and many big magazines. man he made over 15 million on goog last year.he's got balls of steel . and whats amzing he started his huge run in 1998 at age 44 and is 52 now
 
trading one bread and butter stock is better to do than chasing different stocks which i already knew, but the pro trader course cofirmed it. mine is TIE, gettin to know the stock real well.
 
Quote from joeyata1:

optionzztrader the greatest day trader of all time is dan zanger bar none. he's been in 10 national magazines over the past 7 years. in 18 month in 1998-1999 he took 11k to $42 million trading stocks which nobodys come close to.last year he made $25 mi. his documented results have been in fortune money and many big magazines. man he made over 15 million on goog last year.he's got balls of steel . and whats amzing he started his huge run in 1998 at age 44 and is 52 now
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Wow.... jesus... that's some amazing returns.

But.... the risk involved was huge........ I wonder what type of trading he was doing.
 
jmowery
do u trade earnings? wait until earnings day and then trade in direction stock gapped, usually works? also, u watch cramer? he moves stocks, BIG TIME!!!!! as long as he mentions them, it goes either way. i don't buy on his recommendations, i just watch and wait for stock to move for next month or two in huge daily ranges. he likes RACK, ANDE, SIRF, FTI, etc.

just curious.
 
Quote from optionzztrader:

jmowery
do u trade earnings? wait until earnings day and then trade in direction stock gapped? just curious.
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No, I never look at news, forms bias for me. I just turn on the charting package in the morning and scalp the price from what I see.

I thought about trading earnings, but have not tried yet, something to attempt in the future I guess :)
 
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