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What It's Like To Be A Prop Trader: The...An alma mater of mine owned a throaty Mustang back in college, played online poker for a job once, now listens to Skrillex, and enjoys karaoke nights. Not your ideal trader, huh? Fact is, he's dead serious about trading, picking up where I left off, and in just under two years has become quite... 17 2 years 7 months
Why Dishonest Traders Make The Most MoneyOnce again, anthropologist Joris Luyendijk of The Guardian's Banking Blog is back! This time he brings us a brutally honest story from a fast talking, energetic, 30-something who’s worked as a FI and FX trader in Northern Europe. He talks about the spending lifestyle and the male dominated culture... 18 2 years 8 months
The Real Impact of HFT And What You Don't...NNT has it right when he talks about fragility in the context of financial markets. For example, in 2010 the Flash Crash caused a near 1K point plunge in the DJIA. In 2012, a rogue algorithm executed on the NASDAQ botched the BATS IPO and caused similar problems again on April 4th. Last August,... 2 2 years 8 months
What Is Algorithmic Trading And How Does It Work?Big hair, Ray Bans, and cocaine...ah, the 80’s! Gone are the halcyon days of hustling traders verbally duking-it-out and acting like a schoolyard full of hormonal teenage boys. Today, trading consists of Big Data, casual dress, and caffeine. Programs compete on milliseconds for the best execution... 9 2 years 9 months
Laser-In On This One Thing To Be A Successful...It’s said that 90% of traders fail to be successful but I may know a secret that the 10% utilize to dramatically beat the odds! No, it’s not a black market GS algorithm, SAC trading tactics, or listening to Buffett's take on markets... 15 2 years 9 months
How Ivies Brainwash HS Students Into College...Like Kyle Massey’s cancer, it's a hoax to believe the ONLY ticket to WS or any great business success is an Ivy degree. It seems that some monkeys out there have been brainwashed... 19 2 years 9 months
How To Spot An Epic Trade: The £ And Asiana...Just like the crash landing in San Francisco yesterday, the £ had a similar incident in ‘92. Just as the two associated fatalities are an unfortunate outcome of the crash, a similarly tragic event unfolded at the British Treasury. They say when there's smoke, there’s fire, and George Soros saw... 4 2 years 10 months
Futures Trading 101: What Is A Speculator?So what does it mean exactly to speculate? First there was, John Maynard Keynes speculating as a currency trader in the 1920’s where experience taught him, “The market can stay irrational longer than you can be solvent.” Then there was the hyperbolic oil market of 2008 where the NYMEX weekly close... 4 2 years 10 months
Futures Trading 101: What Does Hedging Mean?So what exactly does it mean to hedge? First, there was Sonic the Hedgehog who repeatedly failed to defeat Dr. Robotnik. Then along came unregulated private funds like Long Term Capital Management which obviously didn’t live up to it’s name sake. Then there’s futures trading, where a career can be... 8 2 years 10 months
Part II: So You Want To Be A Derivatives Trader?If you enjoyed last week’s post’s Part II! Straight from the Banking Blog about a 20-something derivatives trader who worked for a MM firm in a small European country and as a quant for a major London institution. I've formatted it into a Q... 3 2 years 10 months


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CaptainJapan: a successful prop trader is...[quote=CaptainJapan]a successful prop trader is working with roughly one thousand times the amount of capital you are. you have zero liquidity risk, and so you are not experiencing a lot of the risks that come with the business. It's hard to say your system is truly useful or valuable until you get... 17 2 years 8 months
Nice.Nice. 25 2 years 8 months
Right on!Right on! 25 2 years 8 months
What a textbook answer, results? What a textbook answer, results? 25 2 years 8 months
Thanks but did you read the reviews? This is the...Thanks but did you read the reviews? This is the only one that gave it a single star but there seems to be a major flaw in it... [quote] ...Unfortunately early on the book has an elaborate and *massively wrong* example of algorithms at work in trading. Basically the author describes a "delta... 2 2 years 8 months
Thank for your all of your comments and I see...Thank for your all of your comments and I see that there's a couple of questions out there so I'll answer them... [quote=Enchanted Moose] Are quants slowly replacing research analysts?[/quote] The quantitative analysts that are discussed in the infograph are those that have mostly replaced... 9 2 years 9 months
Thank you for your comments and sharing your...Thank you for your comments and sharing your results! I've picked out some and address them... [quote=MVT] This piece reads a lot like those fake news ads you always see on the net...[/quote] LoL, thanks! [quote=cityandcolour]So basically, this guy makes his money off of the Forer effect... 15 2 years 9 months
Thank you all for your comments! I see support...Thank you all for your comments! I see support for both sides of the post and I'd like to address a few of them... [quote=ChrisHansen] Seriously flawed methodology and logic about where the best professors are.[/quote] Rate My Professor is simply an online review by 15M students of their... 19 2 years 9 months
At the time I was writing this post, it was not...At the time I was writing this post, it was not reported from USA Today that there were any fatalities. I apologize for the lack of accuracy and my sympathies go out to their friends and families. 4 2 years 10 months
Thank you for you comments! Scott Irish I'm glad...Thank you for you comments! Scott Irish I'm glad you're finding the CME's website useful and I'd also like to address kraziazi's point... Yes, perhaps it is a general definition and I'll give you that but if you want to narrowly define the vernacular then before you do may I suggest seeing the... 4 2 years 10 months
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