http://www.trade2win.com/boards/ General advice regarding your trading career. en Sat, 21 Nov 2009 14:48:26 GMT vBulletin 60 http://www.trade2win.com/boards/images/misc/rss.jpg http://www.trade2win.com/boards/ http://www.trade2win.com/boards/general-career-advice/79568-book-changed-my-trading.html Mon, 16 Nov 2009 16:27:15 GMT I found myself in the first year of trading breaking
the rules that I had set out to follow - moving
stop losses to try and let a position breath, taking
profits to early & not using my filtering rules.

The book that changed everything for me was Way
of the Turtle by the most successful of the Turtles
Curtis Faith.

A group of traders hired in the eighties to trade
certain markets in the Chicago trading pits.

They were taught a basic set of rules to follow over
two weeks training & never to drift from them despite what
state the market was in.

Curtis Faith was the most successful turtle for Richard
Dennis making a profit of $30m in four years.

This is an absolute fantastic book & a must have for any
trader - think you know alot about trading, well read this
& you might see this alot differently.

Mark :cheers: ]]> General Career Advice shmeeko69 http://www.trade2win.com/boards/general-career-advice/79568-book-changed-my-trading.html http://www.trade2win.com/boards/general-career-advice/79434-scope-online-trading.html Sat, 14 Nov 2009 03:24:06 GMT In my company, job cuts are on high and many employees feel that next is their turn. It has become very difficult for us to work with our full concentrations. We have no better options in hand and most of us are worried about the future. Is the online trading offers good return, if we start in a... In my company, job cuts are on high and many employees feel that next is their turn. It has become very difficult for us to work with our full concentrations. We have no better options in hand and most of us are worried about the future. Is the online trading offers good return, if we start in a group? ]]> General Career Advice shubhra http://www.trade2win.com/boards/general-career-advice/79434-scope-online-trading.html http://www.trade2win.com/boards/general-career-advice/78772-first-move-after-university.html Sat, 07 Nov 2009 15:36:52 GMT Hi all,

I'm looking to get into prop trading after I finish university.

Could anyone please recommend any firms globally with:
- A strong training program. The longer and more in-depth the better, I'm looking to learn as much as possible.
- That would allow me post-training to trade a variety of markets - I'm very interested in global macro trading, are there any prop firms that specialize in this area?

Thanks in advance!! ]]> General Career Advice PIB http://www.trade2win.com/boards/general-career-advice/78772-first-move-after-university.html http://www.trade2win.com/boards/general-career-advice/78354-95-fails-only-5-succeeds.html Tue, 03 Nov 2009 12:45:35 GMT 95% fails, only 5% succeeds? I notice, there seems to be this general consensus that only 5% turns out to be the successful traders. but really, what differentiates traders between successful vs terrible ones? someone w/ positive profit is successful? someone w/ negative profit is terrible... 95% fails, only 5% succeeds?

I notice, there seems to be this general consensus that only 5% turns out to be the successful traders.
but really, what differentiates traders between successful vs terrible ones?
someone w/ positive profit is successful?
someone w/ negative profit is terrible ones?

In my belief, there would be at least 4 types of traders;

"terribly bad"
"marginally bad",(someone who's not terribly bad, but not good enough to make living out of it)
"marginally good"(someone who makes profit just enough to live stable life)
"really good"(someone who earns millions of dollar)

and here's my real question.
does 5% includes both "marginally good" and "really good" traders?
or does "only 5% succeeds" really mean only 5% gets to the level of living an extravagent life?

if someone who earns any sort of profit through trading is only 5%, then this job shouldn't be encouraged, right? ]]> General Career Advice bbungdoo http://www.trade2win.com/boards/general-career-advice/78354-95-fails-only-5-succeeds.html http://www.trade2win.com/boards/general-career-advice/77750-prop-traders-great-opportunity.html Tue, 27 Oct 2009 11:16:44 GMT My Client is looking for traders who can demonstrate historic profitability across all assets: Equity (cash & derivatives), commo (futures & physical), FI (bonds, rates, etc), FX (options, spot, forward), Credit (CDS).

If you want to know more about this give me a call and i will outline the proposal in more detail.


PRICE DANIEL
EXECUTIVE SEARCH
London: 0207 4095151
Mobile: 0771 8896045
34 South Molton Street
London
W1K 5RG ]]> General Career Advice Tom Price-Daneil http://www.trade2win.com/boards/general-career-advice/77750-prop-traders-great-opportunity.html http://www.trade2win.com/boards/general-career-advice/77720-brokerage-interview.html Mon, 26 Oct 2009 22:25:45 GMT Hi Guys, I have a phone interview with a brokerage firm (for a graduate programme) within in the next week and was wondering whether anyone could tell me the type of questions to expect? They have told me to expect it to last about 20mins. Any help would be much appreciated. Thanks, Hi Guys,

I have a phone interview with a brokerage firm (for a graduate programme) within in the next week and was wondering whether anyone could tell me the type of questions to expect?

They have told me to expect it to last about 20mins.

Any help would be much appreciated.

Thanks,

Pete ]]> General Career Advice PeteyG http://www.trade2win.com/boards/general-career-advice/77720-brokerage-interview.html http://www.trade2win.com/boards/general-career-advice/77604-fof-structure.html Sun, 25 Oct 2009 22:30:33 GMT An RIA has offered me the opportunity to raise funds for their HFs. They only charge a mngmt fee. To assist me in raising funds, I am thinking about partnering up with broker-dealers/advisors, and offering them a percentage of the client fees from the management fee for dollars introduced. However,... An RIA has offered me the opportunity to raise funds for their HFs. They only charge a mngmt fee. To assist me in raising funds, I am thinking about partnering up with broker-dealers/advisors, and offering them a percentage of the client fees from the management fee for dollars introduced. However, there isn't enough to go round from just the management fee (for RIA, me & B/D), so I am thinking of increasing the mgmt fee and tacking on a performance fee as well (funds have done well over quite some time).

However, the RIA does not want to change their own fee structure, nor particularly partner up with other firms. Does anyone have any thoughts as to what I can do / how I can get around this?

All thoughts welcome. ]]> General Career Advice azdo http://www.trade2win.com/boards/general-career-advice/77604-fof-structure.html