The Truth About Prop Trading: Join Us or Perish

[marketsurfer]

Quote from cornix:

Not to sound arrogant, but Surf, my IQ is 130... of course I tested random entries alongside with real-time chart reading, cause it always got me very interested why chart reading works and if it's reality or delusion. Evidence shows entering with momentum on your side provides clear extra edge vs. random entries and same money management.

One word from physics: inertia.

The markets are not fair. They are a social Darwinist organization. The clever feed off the smart and the smart feed off the stupid.

With that said, why is then that every test I have seen reveals a negative serial correlation, if any, to your inertia claims in the stock index futures?

 

[cornix]

Quote from marketsurfer:

The markets are not fair. They are a social Darwinist organization. The clever feed off the smart and the smart feed off the stupid.

With that said, why is then that every test I have seen reveals a negative serial correlation, if any, to your inertia claims in the stock index futures?

Simple: they test it wrong. See no problem here, science has been wrong many times and for a prolonged time insisted on wrong views until they fell apart under weight of new facts.

 

[marketsurfer]

Quote from cornix:

Simple: they test it wrong. See no problem here, science has been wrong many times and for a prolonged time insisted on wrong views until they fell apart under weight of new facts.

You created something new? Something outside the realm of common statistical measures? I can't argue with those claims.

 

[cornix]

Quote from marketsurfer:

You created something new? Something outside the realm of common statistical measures? I can't argue with those claims.

I have never tested TA as an outsider. Rather I tested it based on real-time experience, which gave me evidence of what is most likely to provide the best statistical edge. Then I back-tested hypothesis and it showed positive results, then forward-tested with the same outcome.

It's not that difficult to test if you know what to test. Here's the problem with scientists who did the tests as well as the newbies who try TA and fail, concluding it "doesn't work".

They obviously looked at wrong pieces of price action.

 

[rt454]

Quote from cornix:


One word from physics: inertia.

Some call it inertia, some call it momentum, some call it volatility. Call it what you want but I agree, there is money to be made there. For me it is in the futures markets, just my preferred posoin. The way I look at it is, you can't predict in any way what the market is going to do but you can make money when it moves.

 

[cornix]

Quote from rt454:

Some call it inertia, some call it momentum, some call it volatility. Call it what you want but I agree, there is money to be made there. For me it is in the futures markets, just my preferred posoin. The way I look at it is, you can't predict in any way what the market is going to do but you can make money when it moves.

Ditto to both points! Also prefer futures and yes, no need to predict with certainty, enough to react to moves, which offer good probabilities.

 

[SeventhCereal]

dude your a clown. i thought you made millions for your investors. getting hard to keep the lies straight. a madoff you will never be.

Quote from marketsurfer:

http://www.linkedin.com/groups/Proprietary-Traders-Worldwide-2267160/about?_mSplash=1

Arcade style day trading is a dying business, thank God. A firm demanding $ up-front to allow you to trade while charging you a commission marked-up 14,000% are evil locusts targeted by the SEC. Several lobbying groups, regulators and class action law suits are underway to shut these firms down. Soon they'll all be gone.

If you ever worked for a firm that paid a commission, no salary and prevented you from working elsewhere is guilty of tax and labor law violations. Report them. Contact us and we'll steer you towards the lawyers pursuing the class actions. Studies show a measly $2000/month makes the trader SEVEN TIMES more profitable on avg.

The founder of this group's been a trader since 17, getting his Series 7 by 18. In 2011, a JD-MBA became his focus while managing his own and family money. A respected trader with a track record hard to match, he's well known among the hedge fund and proprietary trading community.

Professional traders, managers and analysts use this forum to share ideas for an informational edge since this is an international group. We've learned discipline dictates when to trade and when to hit the beach or snow. That's how fortunes are made. "Chart Readers" stuck on Edwards & McGee are ATM machines for automated traders. Advanced TA gets into quantitative or "Statistically Based Technical Analysis". If you're still on triangles, flags and wedges, I'll take the other side of your trades + I'll give you 100:1 leverage personally.

Trading off a chart after sitting down an hour before the open guarantees you'll die broke.

We know the power of software automation & wouldn't trade without some quantitative data. If you make in 1 month what most make in 1 year, welcome to the life of a trader. At the same time, you may not see another check for months. So don't blow your wad after a $200k month. You never want to be in a position where you have no bank roll. Always keep the emergency till full.


http://www.linkedin.com/groups/Proprietary-Traders-Worldwide-2267160/about?_mSplash=1


Anyone want to join this group for the future of real prop trading? These guys are right on , no phony baloney with the mission statement. surf