San Francisco Traders

Quote from toucan:

I have traded from home for 15 years, stocks for the first 10 and futures for the last 5. If I were to start out today, I would go the prop firm route. However, i'm not sure I would make it starting out today as the market is much harder to trade than 15 years ago when the market was bull, bull, bull. I only traded stocks long for the first 3-4 years and switched to long/short trading after the tech bubble burst. After the high frequency trading computers took over for stocks, i switched to futures.

cheers

toucan
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Agreed, market is much harder today. I thought about making the switch myself but then I thought HFTs will eventually infest all the markets.
 
Quote from DuyLe:

Some food for thought...I read some articles that show HFT as declining.

http://www.nytimes.com/2012/10/15/b...down.html?ref=highfrequencyalgorithmictrading

http://www.nytimes.com/interactive/2012/10/15/business/Declining-US-High-Frequency-Trading.html
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Like anything else they will reach an inflectionpoint where more HFT are detrimental to the markets than less however, there will always be enough of them to control the markets in terms of daytrading. NYSE not opening 2 days in a row because market participants did not trust algo trading alone shows that there is still room for us in the trading world...
 
I have spoken with the owner of the San Ramon prop firm and it turns out he has relocated thus the firm is no longer operational however he did say that there is a firm in Lafayette and that he will get me the name, as soon as I hear from him I will post the details.
 
Quote from garachen:

I'm in Alamo. Near walnut creek. Trade full time. If you are ever in the area and want to meet let me know.
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garachen.... i'm in danville... what do you trade and do you trade for yourself.

I trade for myself and daytrade futures.


cheers

toucan
 
I'm thinking of moving back to the bay after 20 years. Where do you guys suggest I move to, I would need to rent a decent apartment to begin with. I used to live in the south bay back in the day but I don't think I want to do that, would like to be closer to the city. Also, what about waking up at 5 AM to start trading, how does that work for everybody in the West Coast?

Thanks.
 
Quote from toucan:

garachen.... i'm in danville... what do you trade and do you trade for yourself.

I trade for myself and daytrade futures.


cheers

toucan
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Garachen.... I just looked at your thread "a path towards profitablilty" and have answered my questions above.


thanks

toucan
 
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