What do prop shops offices look like?

Quote from zippie26:

I am sorry, but if you are writing little notes to remind yourself of your rules, you're in the wrong racket.
More...

known many very good traders that use those silly little notes.
 
Quote from ang_99:

I wonder what the 21 minute rule was?
More...

probably if the trade does'nt go your way in 21 minutes get the hell out fast. I use 15 min bar for that.
 
Quote from MYDemaray:

One very big exception to this is UBS's floor in Stamford. If you've been on it, you know what I'm talking about.
More...

The tea rooms on the third floor on Bahnhoff Strasse are more accommodating. I think it is the quiet rom the persian rugs and wooden parts of the furnishings.
 
Quote from mrfong8:

i work at a typical prop firm. Its not all that nice, but i do understand the entry of barrier is low.

its true there are all sorts of ppl going in and out, but that's just how it is, its available to anybody.

if you are that much better trader than everyone else you can always set up ur personal office at home. i am not being sarcastic, i do think the office enviroment isn't nearly as professional as i thought.

HOWEVER, the freedom and flexibility is all there. you work when you want, eat when you want, go home when you need, no one can get in your face, you dont' have to impress superior.

nothing is perfect in this world
More...

If we needed to boil this thread down to one post, the post I quote above reflects my experience in both an arbitrage fund office and a prop shop.
 
Quote from zippie26:

I am sorry, but if you are writing little notes to remind yourself of your rules, you're in the wrong racket.
More...

I disagree. When I traded Merger Arb, as a first year guy, I had to get out of the habit of looking at the number of deals I was trading as individual long and shorts. I put a post it note on my monitor to remember to only load the differential or spread chart, and NOT to observe the individual stock charts themselves. I remember that day that I did that, for the next four days, I consistently netted over $5K per day. That kind of rake didn't last every day from then on, but my average day quintupled from before the post-. Whatever it takes to get you to do the right thing....do it!

GWUDS Elite Rule #1: The presence or lack of post-it notes on one's monitors has absolutely no correlation to one's equity curve.
 
Quote from stock777:

The squawk is more obnoxious 99% of the time than any cursing and fuming trader.

Whay they should do is play Muzak until something worth hearing comes on.
More...

My brother and I (along with our better traders) find it nearly impossible to trade well without the squawk box....yet, I agree, that to the newer, less initiated traders, it sounds like simple noise...it does take a while to filter out the "auctioneer" sound to get through to the numbers and the names of who is doing what and at what prices.

All the best...

Don
 
You must log in or register to reply here.
Back
Top