This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Here’s the stats for my first month (and a week in July) Prop trading:
August 2007 Results
PnL (R): 17.53
% Return: 6.25%
% Wins: 37.1%
% Losses: 62.9%
Avg Win (R): 1.50
Avg Loss (R): -0.73
Expectancy: 0.10
# of Trades: 178
PnL % High: 29.8%
PnL % Low: -0.9%
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
September 4th, 2007 at 4:51 pm
So, you are on track to make 100R in 6 months. That’s not too shabby. Will be interesting to see what 2 months of data looks like.
September 4th, 2007 at 5:21 pm
its hard not to just look at the most recent trades, but the stats look fairly healthy to me on both an R and % basis
September 4th, 2007 at 5:58 pm
What is “prop trading”?
September 4th, 2007 at 6:40 pm
LOL I feel like a stock that’s getting to be a better and better deal the lower I go…
@David: Prop is short for “proprietary trading”. In my case, I place a small capital contribution with a trading firm, and they let me use their capital to trade with, at 20:1 leverage. I don’t use all that leverage, but as a trader for the firm, I’m free of pattern daytrade restrictions, since my equity is under 25k. Search MtM for “prop” and you’ll see some articles I wrote about it.
September 4th, 2007 at 10:49 pm
Great results, congratulations.
I am still alive.