Recent content by tommog

To be honest opens closes and news releases are when i do 90% of my volume and the guys I work with. Thats the main times inefficiencies emerge. Although ive never personally used Jigsaw that is the type of stuff we look at. Spotting a hidden seller accumulating size or seeing stops get run...

I was referring more to people that just buy because there's a level, or because a moving average has crossed

Hi Tomorton, There are very few definites in this industry so only speak from experience. But like I said I've been prop trading around 11 years. In that time I've met 2 or 3 systematic technical traders that made money. But 90% of the money has come from order flow scalping, exploiting...

The vast majority of people that blame their losses on HFTs are not losing because of HFTs. Sure they killed off a lot of edges such as lifting the offer as its about to go bid to get you long the bid. Markets move instantly off the news so you don't get to jump on the move and with so many...

Hi I've been a futures trader at prop firms for about 10 yrs. never traded cash equities but know there have been a few LSE trading prop firms/teams. My question is how do you avoid the 0.5% capital gains tax as a day trader? My reason for asking is it wouldn't surprise me if some country...

I don't mean to offend any of your beliefs but selling short is one of the most moral virtues in trade. The market's ability to say "you are charging too much for this and you are taking advantage of the market and should be priced lower" is what makes the free markets the fairest means of...

No offence... but whats the point? Why not just say "I have 1 contract on, the market has a tick value of $10 therefore my stop should be 20 ticks lower if I want to risk $200 on the trade". It isn't hard to work out.

OP it might be enough of a track record to get you on a trainee program. But to be taken seriously as a senior trader they would want you to put money down (at least £10k). Getting backed is great way to start out in the industry. Its how most of us started but it isn't easy. I would advise...

It makes no sense why spoofing is illegal. I have been a professional prop trader for about 10 years and I love it when a spoofer comes in to the market. You can spot them a mile off and is some of the easiest money you'll ever make. The only people that fall for "spoofers" are front running...

I think you are going to struggle to find traders willing to go for that deal, 20% profit to the trader if i understand correctly. Most prop firms in London will give deals starting at 50% split to the trader going up to 90% if you put money down/proven track record

I dont think the politicians realise what a negative impact this will have on the world of trading. Assuming this did go ahead. And the bund was impacted for example. This would result in all short term players, whether that be HFQ Algos, Locals, Market Makers etc not trading. I am not one of...

that video is hilarious!

I applied to League Traders when i first started in the industry (6 years ago). I ended up being offered a job elsewhere before they got back to me, but they left a very good impression on me. I thought they went bust, glad to see theyre still in business.

If you are a trainee you should be there as much as possible, you have to be prepared to make sacrifices. If the price of potentially earning unlimited amounts of money requires you to work 12+ hours a day and you arent prepared to do it you probably dont want it enough to be honest. But having...

JKG ive sent you a PM