Recent content by Velarcus

  1. Velarcus

    My Story moving to NYC to join a Prop Trading Desk -- from newb to pro trader

    Damn bro, this is really good! Couldn't put it down. Looking forward to the next update. Thanks!
  2. Velarcus

    Hedge Fund Startup

    Do you have $30k for the paperwork? You're also going to need pre-committed investors. Nobody gives you money just because you create the box.
  3. Velarcus

    Your thoughts on this video about Day Tading?

    Day trading is a suckers game. Quality research has shown that >95% of day traders lose money and give up. Spreads, commissions, and adverse selection make it nearly impossible to earn profits. You're better off not even trying. If you are going to trade you should swing trade or take long...
  4. Velarcus

    I am new where do i start

    The first thing you should do is stop. Forex is the hardest market to trade and has the highest failure rate. It is absolutely the worst place to start a trading career. Start with stocks. Domestic, international, it doesn't matter. Avoid day trading. Don't trade short. Learn how to analyse...
  5. Velarcus

    About financing for trading?

    Let me make this simple for you, unless you have wealthy friends and family, you will NEVER get anyone to fund you. Period. Private equity and venture capital won't touch a trading enterprise. Hedge funds only hire new university graduates or the employees of competitors and investment banks...
  6. Velarcus

    How long did it take for you to become profitable ?

    It matters how you define profitable trading. Personally, I've been profitable from day one, but I don't day trade. I do research to find opportunities where sentiment will drive price in a particular direction for days, weeks, or months at a time, take a position, and hold until the situation...
  7. Velarcus

    DOM / Orderflow Trading. Is it still viable?

    DOM trading and order flow trading are two different things. The DOM is mostly useless due to spoofing, iceberg orders, are dark pools. You just cannot see the flow. Order flow trading is about focusing on the orders that are likely to materialize IN THE FUTURE. So, don't even bother with the...
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