Recently, I was invited to a small meeting at a prominent Australian prop firm. This firm has trained and funded hundreds (possibly thousands) of successful Futures traders over the last decade. They later adapted to become the largest Crypto Prop Shop in the world during the BitMEX heydays. These industry leaders know what it takes [...]

Prices go up, and prices go down. Traders, algorithms, market makers, investors are monitoring for entry points, exit points, risk to open positions, size for new positions, spread from other markets, and it goes on. There is an endless cascade of money making strategies all related by the data they depend on. The actual execution [...]

The Delta Volume feature is used for identifying Buying and Selling imbalances in the order flow. It uses the Auto Mode algorithm to monitor the Volume Delta for extremes in Selling and Buying pressure (as opposed to accumulated total volume). When toggled to Delta Volume (1) – Auto Volume, and Volume in Time modes will [...]

In future posts we will be hearing from Michael Barrett who continued long into his Prop Trading career, winding up as head mentor for new traders at a major prop firm in Sydney, alongside a profitable trading career of nearly a decade. Before we go there, here are takeaways from the original interview we did [...]

In closing we discuss how to move forward from the Prop Trading drills and automated trading. The exercises completed so far should help you grasp probabilities in trading and in determining the outcome of individual trades i.e. you don’t know which trades will be your winners and losers. You can also scale this understanding to [...]