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02-15-2016 , 07:29 PM
Quote:
Originally Posted by jb514
In 2016, I'd say 25% success rate for automated traders vs. probably closer to 5% for manual.
depends on the automated strategy and the kind of infrastructure being provided but i would be substantially long those odds for anyone with a successful background in poker.

the difference between someone with the sickness (i can't describe 5+ years in poker any other way) and some ivey leaguer is quite large.
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02-16-2016 , 03:22 PM
Quote:
Originally Posted by jb514
I'm a prop trader and I'm split 50/50 manual/automated trading, and I don't see anything wrong with it. Two months of trading is pretty good amount and likely that training will just equip you to be able to learn on your own or from other traders. My guess is this isn't real HFT. It's more likely lower frequency, higher profit margin stuff.
Just broadly speaking, what kinds of strategies do prop traders use? Is it mostly momentum/trend following, or what?
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02-20-2016 , 05:24 PM
Quote:
Originally Posted by jb514
I'm a prop trader and I'm split 50/50 manual/automated trading, and I don't see anything wrong with it. Two months of trading is pretty good amount and likely that training will just equip you to be able to learn on your own or from other traders. My guess is this isn't real HFT. It's more likely lower frequency, higher profit margin stuff.

That type of trading, with some training, imo has a very high success rate compared to manual trading. It's very very labor intensive but allows you to sidestep a majority of problems that handicap manual traders.

If I had to handicap the odds of a college hire going into manual/automated prop trading, having any amount of success. Say producing more than $100k in pnl vs. quitting before that. In 2016, I'd say 25% success rate for automated traders vs. probably closer to 5% for manual.
Any advice on how a very experienced manual trader would begin to add some automation?
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