Yep. I almost forgot about Multex! Yeah, the internet has really level the playing field. Institutions really overpay for financial databases when...
Yeah, I've been wondering about that myself for a lil bit. I guess it all depends on the stocks you are trading and the type of day. Obviously,...
Being an ex-quant, I've done multi-factor models for stock selection based on fundamental factors like(earnings revision, p/e, p/cf, dividend...
Yeah... That kind of volatility 21pts intraday move is hella risky unless you catch it early enough. You wrote,"Sure, great traders can trade....
Yeah, personally, I think if you are a good trader then it doesn't matter what market we are in. Obviously, a tough, choppy market makes its...
this is what a bear market feels like and stop listening to those stupid analysts who keep on telling you it's time to buy. They have been saying...
wow. that's pretty scary on in the intraday prop trading scene then... kinda like a bear market wasteland... even on the institutional level there...
what's your definition of "not making any money these days." I think isn't it different for everyone? Maybe some people are used to making it big...
Yep. For short-term intraday trading, I think "Street Smarts" is better than ANY ANY academic credentials! Period. I've done both...
Yeah, that's probably true to some extent but not totally true. Really smart people want to "create thing". I was an ex-quant for institutions...
An MBA doesn't apply much to trading because it's too "light weight". It's a lot of fluff. Having been to one to the top schools in the country, I...
That's really good to hear. There's more than one way to skin a cat as they say. :) Good trading to all!
Yeah, NYC isn't cheap. That's why I'm not in NYC! haha. Anyhow, I'm not saying one is better than the other. It's all dependent on who you are and...
Just a lil correction. Most MM do NOT in general get a payout % of revenues. Maybe a few very very senior MM do. Only prop traders(a smaller,...
Yep. You are right. The buy side , especially hedge funds, are usually the route for prop traders. It's a better package for them too. And more...
The "bubble" you speak of is mostly in equities, M&A, and i-banking(i.e. IPOs), etc. But in other areas like fixed income, especially, credit...
Yep! The dollar has been declining! Makes the GBP looks even better! 1.3 was the rate I last checked a few months back.
Don, You wrote:"Just for an example, what job would I be qualified for? (don't even think about what you thinking about saying here..:-) )."...
Re: 2002 FX Salary for London quote: -------------------------------------------------------------------------------- Originally posted by...
So, let's do some math here. Head of Proprietary Trading 120,000 243,000 That's about $363K Sterling/Englis Pounds * 1.3 = $471K USD So,...
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