Zanger is over 30.
Why Did Bright Close It's Dallas Office?
- Thread starter Jessica Spears
- Start date
Zanger is over 30.
I don't think that is what he was implying. I think the point was, you have a higher chance of profitability in a group and the data he specfied was to support that statement.
This statement was the same as what Cash said and what others said. As a whole, you have better odds in an office versus going remote. This of course is dependent on who is in that group.
Now assuming you are a professional and are extremely successful and have 20-40+ years of experience...investment/trading research and dissimenation of constantly changing information takes time.
There is a reason why hedge funds don't involve one man operations. There is a reason why mutual funds don't involve one man operations. That reason is research and dissimenation of information takes time. You can't possibly catch everything and you can't possibly be in more places than a group can.
If something happens in one area, someone else may catch it. The idea is, if it's devastating enough that it could effect everyones account in the shop, they will probably let others know about it.
Nobody can argue with that. Certainly you can do well going remote as well, but that doesn't negate the facts of his statement.
Haven't you heard the saying, "two heads are better than one."
It always amazes me that someone would say something so Bold as no one makes alot of money trading at home.....Mav, you may know alot of traders, but you obviously don't know 'em all.
Shop or Home....there are advantages and disadvantages to both! I can't believe we are still debating this.
By the way, all y'all that love the 30 under 30 mag....you do know that net profits were not the key to getting into the mag right?!?!
I am personally very angry that Bright Trading closed their Dallas
prop shop office, leaving Dallas without any prop shops at all.
I would have gladly paid up to .009 if I could work out of an office in Dallas. I don't know what they were thinking closing it down. I hope someone puts up a prop shop in Dallas soon.
prop shop office, leaving Dallas without any prop shops at all.
I would have gladly paid up to .009 if I could work out of an office in Dallas. I don't know what they were thinking closing it down. I hope someone puts up a prop shop in Dallas soon.
That is not what I said. Man, you are not making my University of Florida education look good here Joey. Your reading skills leave a lot to be desired, as does your spelling. I simply said, the numbers I have support my assertion that a larger % of traders who trade remote are not profitable compared to office traders. This is a fact. This fact is backed up by anecdotal evidence. You are pulling shit out of your ass.
Think about it for a second will ya? If you trade in an office, how can you stay there if you are not taking home checks? How can you afford to? It's not rocket science. How are you going to pay your desk fee. How are you going to support yourself with no income. It's common sense. The guys in offices tend to be the survivors, the guys who have made it.
The Trader's Magazine group had one thing in common:
They all were EMPLOYED by a large firm.
They all traded OTHER PEOPLES MONEY. Give me a break.
Show me a trader that saved up $250,000 of his hard earned money and now wants to learn how to trade.
Someone else quoted statistics using a group at a bar as his source, LOL.
If an experienced trader from Goldman opened a shop and wanted to teach/mentor young traders do you realize how many threads would be started on ET:
"If he really was good he wouldn't be teaching" type of BS.
Both methods, home or office, are OK. Whatever suits you.
That is why Baskin-Robbins has 31 flavors, LOL
SteveD
They all were EMPLOYED by a large firm.
They all traded OTHER PEOPLES MONEY. Give me a break.
Show me a trader that saved up $250,000 of his hard earned money and now wants to learn how to trade.
Someone else quoted statistics using a group at a bar as his source, LOL.
If an experienced trader from Goldman opened a shop and wanted to teach/mentor young traders do you realize how many threads would be started on ET:
"If he really was good he wouldn't be teaching" type of BS.
Both methods, home or office, are OK. Whatever suits you.
That is why Baskin-Robbins has 31 flavors, LOL
SteveD