This is a guest post by Michael Barrett, a career prop trader I first interviewed for this podcast episode in 2014: Interview with a Prop Trader. For more then a decade Michael traded Bond and Equity Index futures as a Proprietary Trader. Since 2018 Michael has nurtured and mentored numerous aspiring traders into successful trading [...]
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 [...]
