Comments on: Prop Trading – Ultimate Job Security http://martinkronicle.com/2010/06/20/prop-trading-ultimate-job-security/ Insight from a Professional Trader Sat, 12 May 2012 14:49:49 +0000 hourly 1 http://wordpress.org/?v= By: martinkronicle http://martinkronicle.com/2010/06/20/prop-trading-ultimate-job-security/comment-page-1/#comment-465 martinkronicle Tue, 22 Jun 2010 11:17:55 +0000 http://martinkronicle.com/?p=2973#comment-465 I'm a big proponent of managing risk and keeping losses small. What you can do as a Prop Trader largely has to do with what kind of risk you can take home and that's between you and your employer. Most of the time it's nothing - no overnight risk.<br><br>Trend following is behind many great directional methodologies, if your holding period is weeks to months. It's not a day trading system. But Trend Following is much more than buying breakouts.<br><br>Not knowing where you are in your career, I'd focus on finding the best methodology for you - one that you can stick to. If that means you cannot be a Prop Trader the way someone else defines it, so be it. At least you'll have an emotional connection to what you are doing and you'll be able to stick with it. That will lead to long-term success in trading. I'm a big proponent of managing risk and keeping losses small. What you can do as a Prop Trader largely has to do with what kind of risk you can take home and that's between you and your employer. Most of the time it's nothing – no overnight risk.

Trend following is behind many great directional methodologies, if your holding period is weeks to months. It's not a day trading system. But Trend Following is much more than buying breakouts.

Not knowing where you are in your career, I'd focus on finding the best methodology for you – one that you can stick to. If that means you cannot be a Prop Trader the way someone else defines it, so be it. At least you'll have an emotional connection to what you are doing and you'll be able to stick with it. That will lead to long-term success in trading.

]]> By: mark http://martinkronicle.com/2010/06/20/prop-trading-ultimate-job-security/comment-page-1/#comment-464 mark Tue, 22 Jun 2010 10:50:44 +0000 http://martinkronicle.com/?p=2973#comment-464 Mike- As far as I can tell from your blog posts. you are big proponent of trend following. Would trend following be a suitable strategy for a prop trader? You can have multiyear breakeven stretches and sharp drawdowns. If a mechanical trend following isn't ideal, would you advise a swing trading type strategy? or even day trading? Mike- As far as I can tell from your blog posts. you are big proponent of trend following. Would trend following be a suitable strategy for a prop trader? You can have multiyear breakeven stretches and sharp drawdowns. If a mechanical trend following isn't ideal, would you advise a swing trading type strategy? or even day trading?

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