prop firm traders...

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Old May 1, 2009, 1:21pm   #21
Joined Feb 2008
depends on what product.

you get bid, ask , last trade price and time and usually somewhere the volume traded in that session.
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Old May 1, 2009, 1:48pm   #22
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Technically Fundamental started this thread You're a legend lol. Don't wanna keep bothering you so I'll stop with he barrage. Appreciate the time you took though.
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Old May 1, 2009, 1:49pm   #23
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no problem mate-feck all going on in the markets. altho US about to start so might get interesting.
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Old May 1, 2009, 2:03pm   #24
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Quote:
Originally Posted by Aaronmalins View Post
What are the methods used for trading at prop firms?

Is it mainly technical analysis or is it statistcal analysis and financial mathematics?
Prop traders tell their trading managers that they make money by:

(i) reacting to data releases and news,
(ii) using advanced technical analysis (way too complex to explain to the trading manager),
(iii) exploiting blatant mispricings ("when my spread does this, it always comes back"),
(iv) understanding the short-timescale market dynamics + watching the trades and market depth,
(v) trading a fundamental view based on a sound understanding of the current economic situation.

Prop traders make money by:

(i) <10% all the above put together,
(ii) >90% the bid-offer spread (via a punting/fading/averaging approach).

Average monthly profit / average number of round-turns per month ~ 10 euros.
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Old May 1, 2009, 2:21pm   #25
 
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Fat Chance has it (for arcade style traders anyway)
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World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
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Old May 1, 2009, 3:13pm   #26
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Technically Fundamental started this thread Hmmmm...

Still bestto get a grounding in those things anyway in case you have to explain your way out of a tight spot lol.
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Old May 1, 2009, 3:56pm   #27
 
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If you have to explain your way out of a tight spot then you're already ****ed

P.S. Just got my monthly statement (admitedly for a terrible month). Try £1.20 per lot traded!
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World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
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Old May 1, 2009, 3:59pm   #28
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Technically Fundamental started this thread Hahahahaha

Yeh how many lots? Thats a big part of it mate.
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Old May 1, 2009, 4:02pm   #29
 
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I'm not going to starve
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World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes.

No nuisance spread betters please. Anyone else welcome.
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Old May 1, 2009, 4:07pm   #30
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Technically Fundamental started this thread You must be doing easy over 1000 lots per trade
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