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Old Apr 30, 2009, 5:48pm   #1
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prop firm traders...

What are the methods used for trading at prop firms?

Is it mainly technical analysis or is it statistcal analysis and financial mathematics?
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Old Apr 30, 2009, 6:55pm   #2
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Tf there is 100 bid, you get in front of it and take half a tick.

Then walk around telling everyone about it. Later you'll sell the double top on the monthly and take a half a tick. Then walk around telling everyone about it. etc.
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Old Apr 30, 2009, 7:12pm   #3
 
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Old Apr 30, 2009, 7:14pm   #4
 
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Quote:
Originally Posted by choc13 View Post
Tf there is 100 bid, you get in front of it and take half a tick.

Then walk around telling everyone about it. Later you'll sell the double top on the monthly and take a half a tick. Then walk around telling everyone about it. etc.
was that dante?
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Old Apr 30, 2009, 7:14pm   #5
 
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You guys are cruel!

He is an accountant, not a trader (yet)!
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Old May 1, 2009, 10:48am   #6
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Technically Fundamental started this thread come on you f--ks I'm actually interested in this...
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Old May 1, 2009, 10:50am   #7
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please define what you mena by prop firm
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Old May 1, 2009, 10:56am   #8
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Technically Fundamental started this thread Trading capital invested by "employees" or just company funds. Just not traders working for a bank or major hedge fund.
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Old May 1, 2009, 11:00am   #9
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depends on the style of the business. could be TA, relative value, arbitrage, anything.

question is a bit general to be honest mate.

almost like saying what type of accounting do firms do.
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Old May 1, 2009, 11:11am   #10
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Technically Fundamental started this thread I mean are are you going to get a prop firm trader who just bangs a few lines on a chart, watches candles and clicks enter or is it standard procedure in professional trading to back up technical analysis with the complex risk calculations and statistical probabilities of reaching your targets?
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Old May 1, 2009, 11:19am   #11
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if you are trading in any professional environment you should always have risk limits in place.

yes there is the occasion where if it's on an S or R and you think sod it i'll lift some futures or whatever but if you're going into a big trade then you simply have to abide by risk limits.

i guess it depends on the scale of things. if you are just jobbing around then it's no problem but if you really want to go on a big directional trade then you really have to be sure of all outcomes and have stops/targets etc in place.
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Old May 1, 2009, 11:25am   #12
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Technically Fundamental started this thread Hmmm makes sense.

I'm just trying to understand what maths lies behind trading at a professional level. They always want graduates from quantative disciplines so I was thinking there must be a lot of math involved in trading (compared to what I've been learning on here) but I suppose the level of complexity correlates with the size of trades.
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Old May 1, 2009, 11:42am   #13
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it depends what you are trading too mate.

too many clowns on here think it's simply price up and down. yes, it can be but then you can go towhatever depth/complexity you wish. eg swaptions or an FX swap.

at the end of the day yes it is just buy low sell high (or vice versa) but to trade an instrument you should really understand the pricing of it which is where the maths cmoes in.

of course i will be lambasted for this but if you are a pro trader chucking someone elses money about (swinging the bat ) then you'd better be bloody sure of what you are doing.
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Old May 1, 2009, 11:50am   #14
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Technically Fundamental started this thread Was that you who said i think im swinging the bat? WTF does that mean lol.

Hmm now here's where I get lost. What do you mean by pricing? The level its trading at? I was under the assumption that the market price is what is being bid on the floor. These quants etc might say yeh risk blah blah we buy in here because of such and such but on a day to day basis doesnt the floor control the pricing? Incidently, I've started using bid price on my charting rather than mid of bid/ask which comes as standard. Any difference?
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Old May 1, 2009, 11:56am   #15
 
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Is there a difference between big/ask and bid?...yeah...half the spread...
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