Are prop firms just crap?

tar

Legendary member
10,443 1,313
FYI , take a look at these statements :

http://www.trade2win.com/boards/first-steps/166016-95-lose-6.html#post2068914

a quick google, the stats for Tuco were

206 traders

33 were profitable (16% of total)

7 had accounts > $50k in profits (3% of total)


So 26 people of those 33 were profitable, but not enough to make >50K a year, how many of those 26 would have eventually called it quits? i reckon most would have eventually found a better paying line of work..
 

tar

Legendary member
10,443 1,313
that study was done in 2007, so its not 100% reliable, it does show however the good professional traders vs the traders who were just riding the bull. just saying.

It just shows you that most traders lose including prop traders , i'm sure winners % will not change dramatically from 2007 to 2013 it even could be lower now because of low volatility ....
 
C

cablemonster

0 0
It just shows you that most traders lose including prop traders , i'm sure winners % will not change dramatically from 2007 to 2013 it even could be lower now because of low volatility ....

do you not think there is a touch of confirmation and/or survivorship bias when looking at the accounts of a prop firm that went into receivership?

just sayin :sleep:
 
 
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