Let's just analyse your nonsense comment again.
You think it can't be hard to make money trading standalone prop, because if it was, banks and funds wouldn't employ traders.
So on the assumption that prop trading is easy, as you imply, why would banks and HF employ "thousands", surely a few hundred would do?
And there is the additional fact that pretty much every US bank has disbanded their prop desks, including Goldman.
So, given that banks no longer have prop desks, how do they make money? With all your friends in the industry, you can tell us.
And as for hedge funds, what percentage do you think make money "trading prop"? And, seeing as it's so easy, why was the average return a measly 10% last year.. I'm sure you make that in a day.
You're a bit dense :whistling Your adding your own assumptions to everything - and not to what I stated. Is this the same logic you use when you're trading? :?:
I didn't say it was EASY. Its not easy. We can't predict the future. Please show me WHERE I say it is easy. My comment was aiming at (for those who can actually
grasp it) that it should not take a company that is GOOD at training people, as Futex claims, to 1) have it take 18 months, 2) after 18 months only have a few or even 1% of those they train being successful. Something is WRONG with FUTEX or their platform is outdated, their approach, or whatever.
Look at it from another perspective: if an average 90% of
private traders generate losses, then the 10% that DO NOT and PROFIT are doing better than professional traders who obviously fail at 99%! (according to a comment somewhere on this board)
Do you get it now or do I need to add braille and sign language to to it with animations?
Regarding hedge funds many hedge funds do far more than 10% average. And 10% by itself is not small. It shows you don't pay attention to strategy. John Paulson made, what, $5 billion just in commission... that's his 20% or so FROM the 10%... its not small!
Some fund managers are in the green all the time with their trades and go quite a bit above, while others carry so many losing trades you'd wonder how they can manage such huge funds. Look at Steven Cohens account for example. No 10% average there! I've seen the list of winning and losing trades they do to compare between fund and fund and there are quite big differences. To even out between them it may show 10% but that's not standard. Most likely some keep it conservative and safe, and aim at a margin and are content with that. Some people trade that way. Its a known strategy. Besides, they make their commission and fees on the bulk and don't have to take more risks - not like small **** traders like us who make a pittance. Each has his own strategy. There is no right or wrong way that only makes sense to a few, only whatever works for them.
However, constantly losing makes NO SENSE to me!
Your winners should total 3-4 times the losers or its bad trading and something has to be done to improve the score.
In other words:
FUTEX =
But if YOU are happy losing and struggling - go ahead. Who's stopping you? You seem more eager to justify it rather than finding some method to improve on it. Its your choice.
