How is it working as a day trader?

[ryanmackk]

@former_trader

@middleClass6891

Congrats ryan. I gotta give it to you. I’ve always wanted to go prop but I never went for it since i have a steady job that’s count towards for cfa experience at towers watson (not my actual firm but same job as investment analyst at towers). Just passed 1 yr experience. Do you want to drop your email and ill msg u after cfa exam. Would love to find out your experience of the prop world.

Formedtrader, if you don’t mind me asking how come you left the trading world?

I did great my first 2 years. I basically broke even the next 2 years. We were cannibalizing each other; most people in the office were in the same trades at the same time.

So, at the job, do you have full discretion to invest in whatever stocks you choose?

Do you do technical and fundamental analysis independently or is it simply a trade and see approach?

[former_trader]

I wasn’t trading stocks. I was trading futures (equity indices, bond indices, currencies). Full discretion using a bit of everything.

[middleClass6891]

Ryan you still around? Any updated for us? E-mail me if you get this: middleclass6891@gmail.com

[Brute_Force_Method]

Are there any arbitrage opps still available for day traders? (I’m sure the answer is no by now…) Just as an example, Former Trader, you traded futures. I’ve read that you can combine a long call with a short put to create a synthetic future contract. You then compare that with a regular future contract and look for price discrepencies to capitalize on. I imagine these discrepencies are eaten up within moments, but maybe they aren’t?

[middleClass6891]

Arbitrage? No. If so HFT and quants run this arena. You can profit in other areas beside arbitrage. Momentum plays a huge game in trading.

[former_trader]

I was a momentum trader not arbitrage.