A thread on "energies".
When I was in prop (so many of my stories start like this), the risk book was displayed at the front of the office. It had all the traders P&L for the day on it. For privacy reasons we weren't supposed to be looking at it...
A thread on BE
I'm known for always bashing the concept of moving to breakeven on a trade.
I wanted to quickly clarify my thoughts on this because contrary to what people might think, they're not black and white.
One of the reasons I do not suffer FOMO is because in 21 years of trading I’ve discovered that almost every player in this game fails to keep the money they’ve made.
A persons 15 minutes of fame does not excite me.
I assume, usually correctly, they will end with nothing.
The drift of death: a short thread
The term “drift of death” came from a successful trader I worked with in prop.
There would be times when I’d be, let’s say, short and the market would be moving slowly against me...