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Prop Shops in Australia

Discussion in 'Business, Investment and Economics' started by Largesse, Aug 9, 2008.

  1. skc

    skc Goldmember

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    Nice one. I Am sure there are plenty of intellectual stuff that is transferrable... just stuff in general principles of risk management etc.

    It's worth getting yourself in the door and funded first, and work on the automation part while they let you dabble in discretionary stuff... pretty good reward:risk imo.

    Good luck either way.
     
  2. DJG

    DJG

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    Just got this email for you Sydney & Gold Coast people:
    Propex.JPG
     
  3. VSntchr

    VSntchr

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    I got it too Dangaff.

    It crosses my mind from time to time to apply..but so far am happy as I am. Something that I may do in the future though.
     
  4. Quantmil

    Quantmil

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    Yes that is exactly what I hope to do with Propex.
     
  5. skc

    skc Goldmember

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    Today marks the 2-year anniversary since I joined a prop shop. I've decided to wirte a short commemorative post in numbers.

    2717: Number of trades completed

    61.95%: Percent of winning trades

    21 out of 22: Months profitable

    2: Number of months on holidays/paternity leave

    28: Longest drawdown duration in days

    5: Number of trading limit increases

    12: Muliple of current trading limit relative to trading my own capital

    10: Hours per day trading / researching / analysing / posting

    14: Brokers report read every day

    41: Max number of positions held overnight

    4: Number of fat finger trades :mad:

    2: Number of years ago when I fired this innocent post to TH.

    10,000,000: Thanks to all the fellow forum members whom I have interacted with. You have educated, encouraged, supported, challenged and entertained me through my journey. :xyxthumbs
     
  6. SuperGlue

    SuperGlue

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    This is more than excellent. :xyxthumbs
    Wish I could get half of your profitable months.

    5 increases in two years, you must be the top gun of the prop shop. :xyxthumbs :xyxthumbs
    No way for the ordinary trader to achieve trading limit increases except from a prop shop.

    SKC, were you performing as good before joining prop shop?
     
  7. VSntchr

    VSntchr

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    Well done SKC, I love reading all your posts and I am glad that your wisdom extends to success with your trading operations.

    Some solid results there!
     
  8. McLovin

    McLovin

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    Great stuff, skc. :xyxthumbs

    Well done.
     
  9. ThingyMajiggy

    ThingyMajiggy

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    Good job! Going by the brokers reports and overnight trades, and the TH reference, I take it you're trading stocks with Propex? :xyxthumbs
     
  10. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Truly inspirational results SKC, a great success story!
     
  11. Julia

    Julia In Memoriam

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    Congratulations, skc. That's a great result.
    I don't mean to be intrusive and just ignore the question if you wish, but I'd be interested to know the reasons you prefer trading at the prop shop rather than doing your own thing at home?
     
  12. skc

    skc Goldmember

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    Thanks everyone for the kind words.

    Or they started me pretty small :)

    Performance (especailly relative performance to say the XJO) was actually better in percentage terms as markets were much more volatile.

    Yes. I am least unqualified to play in the equities "wading pool".
     
  13. Albert01L

    Albert01L

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    Nice comments.
     
  14. skc

    skc Goldmember

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    Somehow I missed your question earlier.

    I am trading remotely from home with them. So I retain all the benefits of working from home while gainning the many advantages of working for a prop shop. What I don't get however is the opportunity to sit next to other traders and learn/share/exchange/banter/laugh/swear/drink with them.
     
  15. nulla nulla

    nulla nulla Positive Expectancy

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    G'day m8

    Well done. Apart from the drinking you can get the rest of the "learn/share/exchange/banter/laugh/swear" here on the ASF forum. :)
     
  16. investortom

    investortom

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  17. Julia

    Julia In Memoriam

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    Sounds good. Agree with nulla's suggestion. I'm not sure whether you seriously like the idea of sitting next to others etc. or if that bit is tongue in cheek. Depends how gregarious you are, I guess.
     
  18. DJG

    DJG

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  19. fuzzz

    fuzzz

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    Hello, i have a question for aussiefx and skc..

    I mostly have experience trading equities and spot forex, those are the 2 instruments i traded the most for around 4-5 years with relatively consistent success in the last 2 years of trading them. Like every private retail trader it takes a while to build your own capital, so i am at a point now where i would like to take it to the next level and think that prop shops would be the way to go considering all the benefits of joining one of them.

    Aussiefx, as far as i remember after reading the thread, you had a similar story of trading spot forex for around 4 years prior to joining Propex.. so could you trade forex with Propex?

    Skc and Aussifx, you both say that you trade equities through/for Propex.. do you only trade ASX equities? or do you also trade US equities and/or FTSE equities, or any other ones?

    and just in general what instruments does Propex mostly trade or allow/teach to trade for that matter.. equities, futures, forex, currency futures, indexes, bonds? i remember someone mentioned that you can choose any instrument you want, does that mean they allow and can teach you any of them?

    thanks in advance
     
  20. skc

    skc Goldmember

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    I don't think Propex has anyone trading FX, although I could be wrong as I don't work in the office and trade in my own little equity bubble. The main instruments are bonds and futures (indexes and commodities). And I think their new trader development courses would be centric around those. It would be surprising if they are able to teach you ANY instrument you choose... that seems impossible in terms of having the expertise available. However, if you are joining as an experienced trader and can over time demonstrate that you know what you are doing, they will probably let you trade most things.

    All equity traders as far as I am aware trade on the ASX. I think there may be a guy or two doing ADR arbs etc.

    Let see if aussiefx will respond to you more assuredly. Otherwise, take nothing from what I am saying and just email them yourself to find out.
     
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