The Perfect Trader and the Prop Firm

Quote from Don Bright:

LOL, yeah..my point too.... I chose to stay in beautiful S.F. back in the early 80's...AFTER my brother offered my a big percentage of his next years profits when he moved to Chicago to trade CME/CBOe.. well, he made around $20 million that year.... I, stayed in "beautiful SF" and made about 100k or whatever..... the difference of $millions.... just because Chicago was cold, required taking trains from Oakbrook, etc. All that horrible, tragic lifelstyle.... hmmmm? Yep, you guys, don't limit yourself geographically....

You'll be surprised, when you make some real $$, then all your friends come visit you, LOL... especially when you take the $$ and move to Vegas.....

Best to you, Mav...

Don
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Don...Oakbrook? Really? Maybe Chicago would have been a little more appealing if you actually looked at living in the city. Just sayin...:)
 
Don is too big for Oakbrook.

Don is a bright lights big city broad shoulders entertainment kind of guy.

Don - great sports town, great food town, great drinking town, and MidWestern gals with big mammaries.

Think of all the money you could spend just on sporting box seats. Bulls, Bears, Blackhawks, Cubs, White Sox, some college games.
 
Quote from Maverick74:

Don...Oakbrook? Really? Maybe Chicago would have been a little more appealing if you actually looked at living in the city. Just sayin...:)
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Yeah, Bob actually had a nice place on Ginger Creek for a few years, after living in Hinsdale....

royalvale.jpg


I spent quite some time at our partners Condo on Lakeshore (nice).. walking distance to the floor (at least back then, LOL).... and spent time in his "Park Avenue home" in NYC (what a dump for $2500 per month back then, LOL).....

But, sticking with Chicago... I really do like it there.. it's just that I was born and raised in CA and NV, and never have been the type to be "downtown" ... as cool at it is.....

all the best,

Don
 
Quote from Maverick74:

For all you guys bitching about prop firms, can you guys please answer me something. There are about 50 solid prop firms in Chicago. They trade everything under the sun. Almost every one of them backs you 100% and even gives you a salary! Yet you guys seem so stuck in this world of stocks. And even more stuck on these deposit firms. Don't you guys have free will? Do you just lack the motivation to apply to these firms? Are you lazy? Insecure? What is it exactly? I'm not talking about working for Goldman or Citadel. Just one of the 50 or so solid firms we have here. I honestly don't get it. I read these threads day in and day out and it's the same shit every single day. What is holding you back. You don't even need take the damn 56 exam most of you so much despise. I must be missing something. Don't all answer at once. :)
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Not in Chicago, but always wondered about prop firms. I know about the buying power and maybe you'll get some training at a few. But are there really that many more advantages. Unless the firm has proprietary software, anyone can get cqg, xtrader or bloomberg, and shop around for the best broker for execution. I'm guessing the main advantage is being around other successful guys, but it seems to me the successful ones want to be by themselves with their strategy unless the firm shares equally in the profits.
 
Quote from Maverick74:

Don, you act like moving to those cities was the same as going off to Korea and getting shot down during a war. Don't do it Don. Don't pander to them. This job is the hardest thing they will ever do in their life. Don't cottle them. Sure, one can sit in their basement and trade with their dick in their hand but you and I both know that is not going to cut today.
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LOL.....

I don't believe a lot of US planes were shot down during the Korean War.

I can't speak for Chicago but NY can eat a person alive in 6 months.
It's not as glamorous as the media or tourists portray it. It's actually a harsh city.


If you can make here!, then you can make it anywhere!, it's up to you!....................NY!...........................NY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
lol
 
Quote from Don Bright:

Yeah, Bob actually had a nice place on Ginger Creek for a few years, after living in Hinsdale....

royalvale.jpg


spent time in his "Park Avenue home" in NYC (what a dump for $2500 per month back then, LOL).....

all the best,

Don
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LOL at the Park Avenue dump comment.

Nice house but not my taste.

Thought Hinsdale was a nice place. I guess it actually is a nice place. But I probably wouldn't want to live there.
 
Quote from SteveNYC:

LOL.....

I don't believe a lot of US planes were shot down during the Korean War.

I can't speak for Chicago but NY can eat a person alive in 6 months.
It's not as glamorous as the media or tourists portray it. It's actually a harsh city.


If you can make here!, then you can make it anywhere!, it's up to you!....................NY!...........................NY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
lol
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Thirty four B-29 bombers were lost in the Korean War. I wasn't recommending NY as a place for traders to go live the good life. I was simply stating that NY and Chicago is where all the trading firms are. Last I checked, not a lot of trading firms in River City, Iowa.
 
Quote from WS_MJH:

Not in Chicago, but always wondered about prop firms. I know about the buying power and maybe you'll get some training at a few. But are there really that many more advantages. Unless the firm has proprietary software, anyone can get cqg, xtrader or bloomberg, and shop around for the best broker for execution. I'm guessing the main advantage is being around other successful guys, but it seems to me the successful ones want to be by themselves with their strategy unless the firm shares equally in the profits.
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I think as lot of people on this forum simply don't understand the trading industry. It seems 98% of ET thinks the trading world revolves around the stock market or trading e-mini futures. The fact of the matter is, that probably makes up less then 2% of all trading. The prop firms bring a lot to the table. They do a lot of basis trading (cash vs futures). They do lots of stat correlation, arbitrage, HF spread trading, OTC, etc. It's not about the buying power or getting a bloomberg. LOL.
 
Quote from SteveNYC:

LOL at the Park Avenue dump comment.

Nice house but not my taste.

Thought Hinsdale was a nice place. I guess it actually is a nice place. But I probably wouldn't want to live there.
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Bob and his wife tired of this place quickly too. "Downsized" quite a bit, moved back to Vegas to nice little single story house... still have it after 20+ years... very "non-pretentious"..... me too, btw.... nice little house in Green Valley....

I honestly think that people really just like where they either grew up or had their "best" years..... I love SoCal, but with the CA taxes, it just doesn't make sense... and we've always had a home of some sort here in Vegas (Junior High School here in 1962, LOL).....

All the best everyone,

Don
 
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