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41
Rin
2024 Sep 3, 3:47am
Rin
2024 Sep 3, 3:47am
Rin says
This is how it works ... 3 mos at that is then
$16K, however, having been fast tracked by the firm ... $24K (or managing 3x the prior equity/balance)
Repeat, one quarter, double equity/balance
$48K
Repeat, one quarter, double equity/balance
$96K or $1M+/yr
Many traders get aggressive between $16K & $48K and thus, don't advance. Since we're sticking with computational tools, hopefully, it'll be a nice equity curve.
$8K Sterling
This is how it works ... 3 mos at that is then
$16K, however, having been fast tracked by the firm ... $24K (or managing 3x the prior equity/balance)
Repeat, one quarter, double equity/balance
$48K
Repeat, one quarter, double equity/balance
$96K or $1M+/yr
Many traders get aggressive between $16K & $48K and thus, don't advance. Since we're sticking with computational tools, hopefully, it'll be a nice equity curve.
42
Ceffer
2024 Sep 3, 10:23am
Ceffer
2024 Sep 3, 10:23am
"Beware of whores who say they don’t want money. The hell they don’t. What they mean is they want MORE MONEY, much more."
William Burroughs, Advice For Young People
William Burroughs, Advice For Young People
43
Rin
2024 Sep 3, 8:38pm
Rin
2024 Sep 3, 8:38pm
Ceffer says
Let's start at $1M/yr and then, we'll know her buying patterns, etc.
And going from $1M/yr to let's say $5M-$10M/yr is basically diversifying across many prop trading houses, using software to manage the 100s of roundtrip lots. If you're right, I suspect she'll be out the door by early 2026.
And then, no one can say that Rin was afraid of a true challenge.
What they mean is they want MORE MONEY, much more.
Let's start at $1M/yr and then, we'll know her buying patterns, etc.
And going from $1M/yr to let's say $5M-$10M/yr is basically diversifying across many prop trading houses, using software to manage the 100s of roundtrip lots. If you're right, I suspect she'll be out the door by early 2026.
And then, no one can say that Rin was afraid of a true challenge.
44
mell
2024 Sep 3, 10:12pm
Rin says
What exactly needs to be managed here? Round trips that go across accounts? Or just keeping stats? I generate plenty of round trips on certain days (although prob less than 100 per stock) and want to eventually automate my patterns. I'm planning on using Tradier for it, looks like a sound API. What you don't know is the clearing houses and market makers these companies are using, which can have a big impact, esp. on scalping algos. When it comes to filling orders at the best price Interactive brokers seem to have the best MM connections/grease, they fill your orders exceptionally well. Of course you don't have to worry about that if you work for a big prop trading/algo firm.
, using software to manage the 100s of roundtrip lots.
What exactly needs to be managed here? Round trips that go across accounts? Or just keeping stats? I generate plenty of round trips on certain days (although prob less than 100 per stock) and want to eventually automate my patterns. I'm planning on using Tradier for it, looks like a sound API. What you don't know is the clearing houses and market makers these companies are using, which can have a big impact, esp. on scalping algos. When it comes to filling orders at the best price Interactive brokers seem to have the best MM connections/grease, they fill your orders exceptionally well. Of course you don't have to worry about that if you work for a big prop trading/algo firm.
45
Rin
2024 Sep 4, 7:17am
Rin
2024 Sep 4, 7:17am
Within a single prop firm house, even w/ multiple accounts, it's a stats & positions maintenance keeper. With multiple prop firms, however, the volume calculations and spreads among instruments vary between the companies. If you keep tight slippage parameters, the orders profile between companies can look a lot different, even after a week of trading.
46
Rin
2024 Sep 6, 3:00am
Rin
2024 Sep 6, 3:00am
https://patrick.net/post/1310157/2017-09-19-s-i-m-ps-are-against-rin-wah-law?start=1#comment-2096856
FYI, the above parody is a reason why I made sure that Claire was a lesbian. The moment I see her with a guy ... it's over.
I shall be the only man with his hands on her ass. Of course it's fine if women's hands are on 'em ...
https://patrick.net/post/1293879/2016-07-30-sexy-picture-thread?start=3041#comment-2097043
but then I'd like to watch or participate in the team sport.
FYI, the above parody is a reason why I made sure that Claire was a lesbian. The moment I see her with a guy ... it's over.
I shall be the only man with his hands on her ass. Of course it's fine if women's hands are on 'em ...
https://patrick.net/post/1293879/2016-07-30-sexy-picture-thread?start=3041#comment-2097043
but then I'd like to watch or participate in the team sport.
« First « Previous Comments 41 - 46 of 46 Search these comments
It's happened. My ... yes, girlfriend in Wales, has gotten that correspondence w/ her firm that they're offering a fast track, as in the last month, her & I have doubled the no of trades & increased the P/L ratio with no added drawdown. In other words, if in 1 quarter, she can reproduce these results, then within a couple of years, she'll be a millionaire trader.
Apparently, a lot of these firms have competition to keep their best traders in-house and instead of waiting till she leaves for another shop, they decided to roll out the red carpet ahead of time.
I'm going to call her, Claire, as that was Jenna Coleman's character in Dr Who.
So now, she won't need me for money in the future but yet, it's working out. I met one of Claire's best male friends, her kickboxing instructor and discovered that he was gay. And thus, has no interest in her aside from the brother/sister thing & was disappointed that I wasn't available for him. Yeah, imagine that, he thought that Claire was trying to set him up w/ someone.
And finally, in that Cardiff amateur theatre group, I met one of her ex-lesbo lovers & both of them avoided talking to each other throughout the practices. Claire really doesn't like women and wants something else in her life.
This is really strange and I can't believe it's happening.
Reality or Ceffer, step up and take over Rin Wah Law! Your founder needs you!