prop trader

[Anonymous No.20267192]

how do i get a job in a prop firm?

[Anonymous No.20267238]

>>20267192
Find an edge and personally use it to generate profit. If its some dogshit RSI/MACD strategy they will laugh at your resume and dump it in the trash.

Edges are easier to find in crypto, way easier. You’ll need some sort of scripting knowledge but it can be as basic as excel if you are really fuck proficient and can articulate the strategy well enough for some code monkey to build it.

[Anonymous No.20267257]

>>20267238
>can articulate the strategy well enough for some code monkey to build it

if (price == low) {buy()};
else {sell{};}

[Anonymous No.20267262]

>>20267192
I don't think they need humans

[Anonymous No.20267274]

>>20267238
>some dogshit RSI/MACD strategy
Lol I wasted so much time thinking they would work

[Anonymous No.20267292]

>>20267274
Yea way too many people spend time on that bullshit thinking they will find some secret edge. Prop firms will look more kindly on you if you fucking chart solar winds or moon cycles to stock prices over that BS.

[Anonymous No.20267357]

>>20267238
i trade price action only with no indicators. mostly use candle open and closes

where should i start with scripting knowledge? i have none

[Anonymous No.20267565]

>>20267357
I started by simply by building models in excel. Excel is actually very powerful and I still use when searching for correlations or testing starting hypotheses. You should know basic statistics and knowledge on how to grab API data at the very least. When you think you’ve found some sort of edge (be creative), then work with someone to build your model with python. I found that kind of hands on, targeted approach worked best for me, instead of just studying textbooks.

To me “trading price action” is synonymous with gambling if you don’t have an extremely powerful tool and no TA indicators as not a useful tool. At the very least you should understand the basics of markets. I suggest you start reading documentation for the financial products you are trading. The fine print is where the money lies. For example, ilets say your trading on Bitmex Perps, read the entire documentation and understand every single aspect of how that derivative works, you may think you know but you don’t unless you read.

[Anonymous No.20267680]

first learn to trade via the youtube channel nononsenseforex, once you have everything thru and backtested/forwardtested proven system, then you can start applying at a prop firm for eg FTMO

[Anonymous No.20267734]

>>20267192
You don't need to work for someone, just trade your own money.
Unless you're poor

[Anonymous No.20267744]

>>20267680
Do not do this. If you trade FOREX as an uneducated retail investor you are braindead and will get raped. Its like trying to fight Predator with a stick.

These youtube channels are paid by exchanges and brokers to make retail investors think they can trade with leverage and TA. It is all a scheme to take your money. Seriously do not trust any courses ESPECIALLY youtube/influencer courses. Nobody gives away their alpha if it actually works.

[Anonymous No.20267752]

>>20267257
You got an error :
>Undefined Exception : variable 'low' not defined

[Anonymous No.20267818]

>>20267734
Working for a prop desk is amazing if you are trading your own money. You can still trade your own money, make a salary, and have an experienced team of smart individuals assisting you in making money.

What a shit take.

[Anonymous No.20268018]

>>20267565
thanks anon really appreciate your help you sound like you know what you're talking about.

so what kind of edges are prop firms interested in? as you said TA indicators like RSI+MACD are a meme and pure PA isnt as reliable ( correct me if im wrong on that interpretation).

Going off what u said about the fineprint, for example would a scalp strategy using bitmex funding be more interesting than meme TA indicators and PA?

[Anonymous No.20268102]

>>20267192
Don't do it.

[Anonymous No.20268110]

>>20267744
anon where did you learn to trade? did you have a mentor who taught you?

youtube is all i have unfortunately

[Anonymous No.20268185]

>>20268110
Tbh the thing I use in forex is just rsi, atr and fibonnachi retracement

[Anonymous No.20268323]

>>20267238
"edges are easier in crypto"

crypto is not easier to trade than other markets. people only believe this due to the 2017 bull market when anyone could make money. has not been any easier than other markets since then

[Anonymous No.20268385]

>>20267752
no shit you fucking idiot, "buy()" isn't defined either

fucking retarded cunt

[Anonymous No.20268871]

>>20267744
nononsenseforex trades completely differently, check it out before making misleading assumptions

[Anonymous No.20268889]

>>20268110
check out nononsenseforex

[Anonymous No.20269547]

>>20267257
retard: should be :

if (price <= low) {buy();}
else {sell();}