The Failure Rate of a Proprietary Trader
Jan 29th, 2010 | By Bella | Category: General CommentsI remember the discussion like it was yesterday in our former 8×10 makeshift training room/office/conference room/lounge, with the first trader who ever failed at SMB Capital. JJ announced he was leaving to take a six-figure job at a financial services company in NYC. But let’s be honest. JJ was leaving because he was not making money as a trader. And while he put on an off-to-better-things face, JJ didn’t want to leave.
I didn’t sleep well for a month. I felt like his failure was my failure. And I’m sure JJ didn’t sleep well for two months prior to our exit conversation. I still miss having him as a part of our firm. JJ was the most likable guy on our trading desk. But these scenes happen every quarter at even the best of proprietary trading desks, including the big banks.
My manuscript is done and in the hands of Wiley Publishing for One Good Trade: Inside the Highly Competitive World of Proprietary Trading and interestingly enough two chapters were devoted to why traders fail. The failure rate is too high in our industry. There, I said it! And I wrote extensively about this in my book. It is so for a variety of reasons including:
1) some are not qualified
2) most are poorly trained
3) many do not have a passion for trading and cannot sustain the energy to improve daily
4) the learning curve is too difficult
5) they are not good enough
I agree with Charles Kirk from the awesome The Kirk Report that you can become a solid trader if you are willing to put in the time. But many believe their passion is trading, then sit on a trading desk, see the work required to succeed, and are not willing to do the work.
The market requires that you become an elite performer. Most people can “punch the clock” at their jobs, do average work, and be appreciated by their employers. Heck, you might even get promoted. Try this as a trader and the market will swallow you like a shark does squid. The best trader on our desk grinds it out daily like a steam pipe fitter.
When someone interviews for our desk and asks how long it will take for them to become consistently profitable I answer directly. It depends on the person. But if you’re not prepared to work and struggle (you don’t learn if you don’t struggle) for 6-8 months, honing your craft before you sustain profitability, then I suggest other work. Too many enter our profession without a realistic time frame for becoming profitable.
There is a learning curve in our arena, no one is beyond it, and trading is the ultimate challenge. We recruit many Division I athletes for our desk. And I share as a former athlete, “Even considering your past, you have no idea what it is like to be competitive until you trade professionally.”
Numbers abound about what the failure rate is. Some say 95 percent. Others claim 80. We had a college student fly across the country to visit us who was writing his college thesis on this very subject. He came in at 90 percent. At a big bank the whisper number is 55 percent. I had dinner last night with a close friend that relayed the head trader at a Tier I investment house was bemoaning the worst part of his job: letting failed traders go.
These numbers above include far too many people who should have never tried. There are too many bad-acting firms who promise early riches preying on the monetarily ambitious, who have no passion for trading. These noobs are merely hunting for the next big game in our economy. And these pikers get included in the failure data. The market spits out these miscasts. And so the failure rate may be high, but really is not relevant to those who deserve an opportunity.
Most excellent prop firms screen their new traders carefully. At our firm 95 percent of all who apply never receive an interview. And let me say that there are some who make it inside our doors who after learning more about them, never had a chance to become a profitable trader. For even those who are accepted into our training program there will be those who fail. Some classes have 5/6 still trading, others 3/9 (though two quit early and one was fired the first week). The best we can offer to qualified candidates who receive an invitation to train with us is to give them the best chance to succeed. This is the most we can promise!
It is the obligation of a proprietary trading firm to offer the very best training possible for new traders. This simply means offering opportunities for traders to develop the intricate skills that will determine their success. The markets have changed substantially since when I began. The old school sit next to a successful trader and learn through osmosis teachings that are outdated and must be replaced by modern training (I will write more about this for SFO Magazine in June). I have the privilege of receiving dozens of emails daily from new traders who detail the training they are receiving from other firms. Most talk of their struggles. Almost always their training is substandard. This is an unfortunately huge factor in why so many fail.
A firm must allow you to lose money if you are doing all the things necessary to succeed and improving. Down 50k but working hard and getting better every day is not a reason to cut a trader. Not doing the work demanded by the market and slightly positive or worse, then the firm owes it to all the other traders on the desk to get rid of that underperformer. These noobs hurt morale, drain firm resources, and do not deserve the privilege of trading professionally.
To become great at anything requires deliberate practice. If you want to get better at a consolidation play you must practice this trade hundreds of times until you have developed the skills to automatically trade this play in real time. How many three-pointers do you think Kobe shoots everyday? Training that does not stress deep practice is unsatisfactory.
For the developing trader just learning simple charting set ups is not enough. This is the great myth held by too many who have never traded real money live. How hard could this trading be? All you have to do is get long when AMZN hits 116 and kick it out at 130. This has not been my experience with the market.
And it is great that you have learned a new technical set up. Now, how do you trade the fifteen subsets of that trade which the market will demand you learn? Trading is not about learning a simple charting set up and then executing. If you do not agree then go and try it. One day you might crush it and leave the market a self-delusional future star. And then the next few trading sessions you will get stopped out (assuming you honor a daily stop out) and lose much more than that day you crushed it. Such thoughts are like the golfer (hacker?) who drains a fifty-foot put and then believes he is a great putter.
If trading were that simple there would be no need for discretionary trading. All trading would be automated. And we all know that automated trading systems fail at a higher rate than discretionary traders. It is about the subsets, the nuances, mastering the different market variables that separates the veteran profitable trader from the noob looking to cash his first paycheck. Too many new traders gravitate towards the simple, which is an unappetizing recipe for failure.
Scalping after just learning how to Read the Tape is also insufficient. If you’re at a firm and all they teach is to follow the order flow I offer this advice: RUN! Run from that firm as fast and as far as you can. Also, trading without a grasp of intraday fundamentals will be penalized by Mother Market. Look, you must learn technical analysis, how to Read the Tape, and understand intraday fundamentals to succeed as an intraday trader. All of this takes concerted practice over time until you develop the skills necessary to consistently take money out of the market.
Trading is a performance-based business. After the Close yesterday Steve and I reviewed our trading in QCOM on the Open and AMZN in the After Hours. I have traded my own money for twelve years. I missed a QCOM short for size and an easy multiple point down move by a millisecond yesterday. This is not acceptable (though I eventually put together a decent day). It was my fault for missing that trade.
Too many new traders miss these trades and never obsess about not missing the next one. It is always someone else’s fault. If only I sat next to that trader. If I just had a better charting package. If only that girl I was seeing wasn’t so needy. That is all bull $hit. You determine your destiny as a trader. It is up to you to perform. I didn’t miss that trade in QCOM because I was patrolling our risk monitor (which I was) watching the work of a new trader. I missed that trade because I missed that trade! And too few ever develop this mentality to survive as a professional trader.
A group of college students from Texas A&M visited us recently and I will share what we discussed. I graduated from law school with a safe job awaiting. I just couldn’t do it. To me I felt like I would be selling out. If you have a passion for something, then go learn if you possess a talent for it as well. But have a Plan B. You will become great at that which you have a passion and engage in deliberate practice for and rewards your talents. This could very well be trading. But maybe not.
To me trading is the greatest job in the world. Every day is new. I sit around bright, talented, ambitious, well-educated, market followers quick to crack a joke and smile. If you become successful your upside is unlimited. When I used to just trade, Steve and I vacationed and went wherever we wanted. There were very few boundaries to our world. Trading is stimulating. It requires you to find the best inside of you. The best decision I ever made was shunning a career not a fit for me to trade.
If trading is your passion, you possess the ability to survive the learning curve, are willing to engage in deliberate practice to develop trading skills, have a history of success, and a Plan B, then you should consider trading. And you need not be an Ivy League graduate to become a great trader. And the market does not care if you have family connections while executing trades. Nor must you work at a big bank or live in NYC. But please find a firm that will provide you with the tools and education necessary to succeed. And understand that those who make it have developed their trading skills through deliberate practice, work that many are unwilling to do.
If you have taken this path and wish to ask me a trading question, please feel free to reach out to me.
Best of luck with your trading!
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Good read. Insightful article.
Tks
One of your best posts Bella.
Great reading for a saturday afternoon down in Sydney.
Cheers,
Ross.
One of your best posts Bella.
Great reading for a saturday afternoon down in Sydney.
Cheers,
Ross.
One of your best posts Bella.
Great reading for a saturday afternoon down in Sydney.
Cheers,
Ross.
Thanks for the excellent article.
If only these sorts of topics/truths were covered at university.
I have learnt more via ‘free’ online sources over the last few years, than any university papers on finance/trading/business could have ever taught me in regards to the world of trading.
Thanks for the excellent article.
If only these sorts of topics/truths were covered at university.
I have learnt more via ‘free’ online sources over the last few years, than any university papers on finance/trading/business could have ever taught me in regards to the world of trading.
Thanks for the excellent article.
If only these sorts of topics/truths were covered at university.
I have learnt more via ‘free’ online sources over the last few years, than any university papers on finance/trading/business could have ever taught me in regards to the world of trading.
Mike,
two questions:
1. As far as I know trading is a zero-sum game. So, how do you think the failure rate coud decrease significantly? This game is balanced. If the failure rate will be 50%, these 50% would have to provide the other half with all the necessary profits in order to succeed. Do you think this could work?
2. TNext question regards the intraday fundamentals. You trade stocks in play mostly meaning significant news moves the stock. But if you watch the order flow and know your levels and chart formations, what does intraday fundamentals mean? Knowing when they announce the news and what will be expected? Hearing conference calls? Do you think a trader on your desk should read the news, compare it to the general expectation and then go and trade with a bias?
Thanks,
Markus
Mike,
two questions:
1. As far as I know trading is a zero-sum game. So, how do you think the failure rate coud decrease significantly? This game is balanced. If the failure rate will be 50%, these 50% would have to provide the other half with all the necessary profits in order to succeed. Do you think this could work?
2. TNext question regards the intraday fundamentals. You trade stocks in play mostly meaning significant news moves the stock. But if you watch the order flow and know your levels and chart formations, what does intraday fundamentals mean? Knowing when they announce the news and what will be expected? Hearing conference calls? Do you think a trader on your desk should read the news, compare it to the general expectation and then go and trade with a bias?
Thanks,
Markus
Mike,
two questions:
1. As far as I know trading is a zero-sum game. So, how do you think the failure rate coud decrease significantly? This game is balanced. If the failure rate will be 50%, these 50% would have to provide the other half with all the necessary profits in order to succeed. Do you think this could work?
2. TNext question regards the intraday fundamentals. You trade stocks in play mostly meaning significant news moves the stock. But if you watch the order flow and know your levels and chart formations, what does intraday fundamentals mean? Knowing when they announce the news and what will be expected? Hearing conference calls? Do you think a trader on your desk should read the news, compare it to the general expectation and then go and trade with a bias?
Thanks,
Markus
Thank you for such an interesting article. You should think about coaching high school football…your halftime speaches would yield some awesome results.
I’m 43, father of three and happily married. I’m trying to create/work my way to greatly improve my household income, and become an expert at something worthwhile, what would you do? How would you do it? I’m at an age where I can’t move to NYC to join a first class organization such as SMB. However I would love to quietly but consistently grow in my ability to trade successfully….with the hope that some day I can leave the realitive easy/unchallenging corporate world.
Thanks for your time and your firms Blogs, which I ready daily.
Davae
Thank you for such an interesting article. You should think about coaching high school football…your halftime speaches would yield some awesome results.
I’m 43, father of three and happily married. I’m trying to create/work my way to greatly improve my household income, and become an expert at something worthwhile, what would you do? How would you do it? I’m at an age where I can’t move to NYC to join a first class organization such as SMB. However I would love to quietly but consistently grow in my ability to trade successfully….with the hope that some day I can leave the realitive easy/unchallenging corporate world.
Thanks for your time and your firms Blogs, which I ready daily.
Davae
Great post! I can’t wait until you book comes out. Keep us posted when it is available for purchase.
Great post! I can’t wait until you book comes out. Keep us posted when it is available for purchase.
Dominic,
Thxs for reading. One Good Trade: Inside the Highly Competitive World of Proprietary Trading will be out in August.
Best of luck with your trading!
Mike
Dominic,
Thxs for reading. One Good Trade: Inside the Highly Competitive World of Proprietary Trading will be out in August.
Best of luck with your trading!
Mike
Dominic,
Thxs for reading. One Good Trade: Inside the Highly Competitive World of Proprietary Trading will be out in August.
Best of luck with your trading!
Mike
Bella,
I remember some time last year you spoke about traders needing to do 10x to get x on SMB University. After a year in this business and still struggling I realize that you really need to do 100x or 1000x to get x. To succeed as a intraday trader you really need to be on your game and working on your game 24/7. And its not anyone’s fault that the aglos are so good or that your stock ripped 3 points after your bid just got cut by a penny . The reality of it is that its a war to take money out of the market and those who take it lightly are bound to get a shot to the face.
Bella,
I remember some time last year you spoke about traders needing to do 10x to get x on SMB University. After a year in this business and still struggling I realize that you really need to do 100x or 1000x to get x. To succeed as a intraday trader you really need to be on your game and working on your game 24/7. And its not anyone’s fault that the aglos are so good or that your stock ripped 3 points after your bid just got cut by a penny . The reality of it is that its a war to take money out of the market and those who take it lightly are bound to get a shot to the face.
Bella,
I remember some time last year you spoke about traders needing to do 10x to get x on SMB University. After a year in this business and still struggling I realize that you really need to do 100x or 1000x to get x. To succeed as a intraday trader you really need to be on your game and working on your game 24/7. And its not anyone’s fault that the aglos are so good or that your stock ripped 3 points after your bid just got cut by a penny . The reality of it is that its a war to take money out of the market and those who take it lightly are bound to get a shot to the face.
Eric, I totally agree.
I have been on a prop desk for 6 months and put in countless hours of work after hours. I have seen glimpses of successful trading but then I am always humbled by mother market. Trading is a war of attrition. I can only work harder to be a better trader, one good trade at a time.
Thanks for the post Mike, they always put things into perception for me.
Eric, I totally agree.
I have been on a prop desk for 6 months and put in countless hours of work after hours. I have seen glimpses of successful trading but then I am always humbled by mother market. Trading is a war of attrition. I can only work harder to be a better trader, one good trade at a time.
Thanks for the post Mike, they always put things into perception for me.
Eric, I totally agree.
I have been on a prop desk for 6 months and put in countless hours of work after hours. I have seen glimpses of successful trading but then I am always humbled by mother market. Trading is a war of attrition. I can only work harder to be a better trader, one good trade at a time.
Thanks for the post Mike, they always put things into perception for me.
So far one of the best articles ever, very encourage for those who are looking forward to become traders and also for those who are not qualify to be a trader.
@brunito1013
So far one of the best articles ever, very encourage for those who are looking forward to become traders and also for those who are not qualify to be a trader.
@brunito1013
So far one of the best articles ever, very encourage for those who are looking forward to become traders and also for those who are not qualify to be a trader.
@brunito1013
Bella, great article….. Cant wait for your book to come out. I just have one question.
I am a first-year college student at UCLA right now. I know my future is in trading. I love trading so much I passed up the opportunity to dorm at school so I can trade at home. I currently trade 3X a week. MY goal right now is NOT to make tons of money but it is to learn the market so I can prepare myself for the future.
My question is: Since I live in Los Angeles, there are not many prop firms that I know of. Do you know of any reputable prop firms/financial institutions in LA that would be a good place to start my official trading career?
Keep writing these blogs, they are great. Thanks
-Jerry K.
Bella, great article….. Cant wait for your book to come out. I just have one question.
I am a first-year college student at UCLA right now. I know my future is in trading. I love trading so much I passed up the opportunity to dorm at school so I can trade at home. I currently trade 3X a week. MY goal right now is NOT to make tons of money but it is to learn the market so I can prepare myself for the future.
My question is: Since I live in Los Angeles, there are not many prop firms that I know of. Do you know of any reputable prop firms/financial institutions in LA that would be a good place to start my official trading career?
Keep writing these blogs, they are great. Thanks
-Jerry K.
Bella, great article….. Cant wait for your book to come out. I just have one question.
I am a first-year college student at UCLA right now. I know my future is in trading. I love trading so much I passed up the opportunity to dorm at school so I can trade at home. I currently trade 3X a week. MY goal right now is NOT to make tons of money but it is to learn the market so I can prepare myself for the future.
My question is: Since I live in Los Angeles, there are not many prop firms that I know of. Do you know of any reputable prop firms/financial institutions in LA that would be a good place to start my official trading career?
Keep writing these blogs, they are great. Thanks
-Jerry K.
Good read and sound advice. If anything it is understated. I think it takes years to become a great trader, and the learning never stops, if for no other reason than market conditions constantly change for new variable sets, which have a dramatic effect on how the markets trade relative to the changes to sentiment at that time. Sure, the TA examples in all those books look great, but almost all fail the greater majority of the time even if sound in principle (many are not) because what fundamentally is driving the shifts in market sentiment is changing all the time.
When you trade you go to war. You want my money, I want yours. You better to be good. If you are not willing live and breath trading, you will not make the grade, because all great traders are quite willing to do whatever it takes. You will lose money, no matter how smart you are or where you went to school. Trading is a grind. You have to be willing to work 10-12 days, plus a lot of time on weekends. You have to have a good self image, be in good shape physically and mentally and be the person that wakes up every day (well almost) feeling optimistic and raring to go. And regardless of your temperament coming into each day, you must have the discipline to trade, not fear losing, as well as not fear missing a trade and never lose focus regardless of what happens that day or happened yesterday. Know losses are part of the game. No one make money every day, every week and very, very few every month. That is reality.
I think legendary trader Paul Tudor Jones summed it up succinctly and accurately. I good trader has annual returns at least twice his annual draw down. Good benchmark that incorporates the soundness of your methodology a well as your risk management.
Good trading,
Russ
Good read and sound advice. If anything it is understated. I think it takes years to become a great trader, and the learning never stops, if for no other reason than market conditions constantly change for new variable sets, which have a dramatic effect on how the markets trade relative to the changes to sentiment at that time. Sure, the TA examples in all those books look great, but almost all fail the greater majority of the time even if sound in principle (many are not) because what fundamentally is driving the shifts in market sentiment is changing all the time.
When you trade you go to war. You want my money, I want yours. You better to be good. If you are not willing live and breath trading, you will not make the grade, because all great traders are quite willing to do whatever it takes. You will lose money, no matter how smart you are or where you went to school. Trading is a grind. You have to be willing to work 10-12 days, plus a lot of time on weekends. You have to have a good self image, be in good shape physically and mentally and be the person that wakes up every day (well almost) feeling optimistic and raring to go. And regardless of your temperament coming into each day, you must have the discipline to trade, not fear losing, as well as not fear missing a trade and never lose focus regardless of what happens that day or happened yesterday. Know losses are part of the game. No one make money every day, every week and very, very few every month. That is reality.
I think legendary trader Paul Tudor Jones summed it up succinctly and accurately. I good trader has annual returns at least twice his annual draw down. Good benchmark that incorporates the soundness of your methodology a well as your risk management.
Good trading,
Russ
Good read and sound advice. If anything it is understated. I think it takes years to become a great trader, and the learning never stops, if for no other reason than market conditions constantly change for new variable sets, which have a dramatic effect on how the markets trade relative to the changes to sentiment at that time. Sure, the TA examples in all those books look great, but almost all fail the greater majority of the time even if sound in principle (many are not) because what fundamentally is driving the shifts in market sentiment is changing all the time.
When you trade you go to war. You want my money, I want yours. You better to be good. If you are not willing live and breath trading, you will not make the grade, because all great traders are quite willing to do whatever it takes. You will lose money, no matter how smart you are or where you went to school. Trading is a grind. You have to be willing to work 10-12 days, plus a lot of time on weekends. You have to have a good self image, be in good shape physically and mentally and be the person that wakes up every day (well almost) feeling optimistic and raring to go. And regardless of your temperament coming into each day, you must have the discipline to trade, not fear losing, as well as not fear missing a trade and never lose focus regardless of what happens that day or happened yesterday. Know losses are part of the game. No one make money every day, every week and very, very few every month. That is reality.
I think legendary trader Paul Tudor Jones summed it up succinctly and accurately. I good trader has annual returns at least twice his annual draw down. Good benchmark that incorporates the soundness of your methodology a well as your risk management.
Good trading,
Russ
All this is very nice and wise but what would be even better is a track record.
As a former option floor trader (for 20 years),I would like to make the following suggestions First pick a specific niche to specialize.Second become obsessed with risk.
As a former option floor trader (for 20 years),I would like to make the following suggestions First pick a specific niche to specialize.Second become obsessed with risk.
As a former option floor trader (for 20 years),I would like to make the following suggestions First pick a specific niche to specialize.Second become obsessed with risk.
[...] Why most traders fail, a great post that everyone should read (SMB Capital) [...]
Great post, Bella…one of the best I’ve read in the space of an article. Look forward to your book!
Great post, Bella…one of the best I’ve read in the space of an article. Look forward to your book!
Great post, Bella…one of the best I’ve read in the space of an article. Look forward to your book!
Great piece. The only fault I could find with it was that it was too short, but that’s only because I could have gone on reading it forever.
Great piece. The only fault I could find with it was that it was too short, but that’s only because I could have gone on reading it forever.
Great piece. The only fault I could find with it was that it was too short, but that’s only because I could have gone on reading it forever.
Really good post Bella, very blunt and honest. While probably near impossible to calculate, I would love to know the failure rate for passionate traders truly dedicated to getting better. Like you said, a large subset of failed traders are the same who chase real estate, pyramid schemes, and god knows what get rich quick money making scheme is next. Ultimately, I don’t know that even hard work is enough, you need to have a passion for this in order to last long term. Can’t wait for your book.
Joey
Really good post Bella, very blunt and honest. While probably near impossible to calculate, I would love to know the failure rate for passionate traders truly dedicated to getting better. Like you said, a large subset of failed traders are the same who chase real estate, pyramid schemes, and god knows what get rich quick money making scheme is next. Ultimately, I don’t know that even hard work is enough, you need to have a passion for this in order to last long term. Can’t wait for your book.
Joey
Really good post Bella, very blunt and honest. While probably near impossible to calculate, I would love to know the failure rate for passionate traders truly dedicated to getting better. Like you said, a large subset of failed traders are the same who chase real estate, pyramid schemes, and god knows what get rich quick money making scheme is next. Ultimately, I don’t know that even hard work is enough, you need to have a passion for this in order to last long term. Can’t wait for your book.
Joey
Jerry K,
Please send me an email with your question above when you get a chance.
Mike
Jerry K,
Please send me an email with your question above when you get a chance.
Mike
Jerry K,
Please send me an email with your question above when you get a chance.
Mike
Dave,
Please send me an email at mbellafiore@smbcap.com.
Thxs for reading.
Mike
Dave,
Please send me an email at mbellafiore@smbcap.com.
Thxs for reading.
Mike
Dave,
Please send me an email at mbellafiore@smbcap.com.
Thxs for reading.
Mike
Markus,
Intraday Fundamentals is the study of patterns that develop based on news that is released. An experienced intraday trader will get a feel for how much a stock can move based upon the new released.
Mike
Markus,
Intraday Fundamentals is the study of patterns that develop based on news that is released. An experienced intraday trader will get a feel for how much a stock can move based upon the new released.
Mike
Article makes sense in context that most prop traders are out for the quick buck…the real reason why most traders fail is because they make it more complicated then it actually is. I’ve been trading full time on my own capital for a long time. what is the secret to success? Keep it simple…
Article makes sense in context that most prop traders are out for the quick buck…the real reason why most traders fail is because they make it more complicated then it actually is. I’ve been trading full time on my own capital for a long time. what is the secret to success? Keep it simple…
Article makes sense in context that most prop traders are out for the quick buck…the real reason why most traders fail is because they make it more complicated then it actually is. I’ve been trading full time on my own capital for a long time. what is the secret to success? Keep it simple…
Mike: This is a wonderful thread. Thank you for the post.
Joe: Yes, the trading part is simple, once it has been thought through thoroughly. For me, the tough part is not the strategies and risk management approaches being used which I have laid out in exquisite detail in a series of word documents with all the if-then statements and contingencies built in. For me, the tough part is keeping the sponge between my ears optimized to always trade my A-game. This is the part that I am working on i.e. you could give two equally intelligent people a holy grail… etc etc
Rahul
“If trading were that simple there would be no need for discretionary trading. All trading would be automated.”
Solid article which I largely agree with except for the above.
With all due respect, what makes you think automated trading is simple?
All the computer does is make the execution quicker.
And do you have any statistics to back up you statement “And we all know that automated trading systems fail at a higher rate than discretionary traders.”
There are more funds trading automated than discretionary these days. Rennaisance/SAC/AQR hardly seem to be struggling.
Nizar.
Bella,
Thank you for this. I am now addicted to your site. I also just bought your book.
Michael W.
Thanks so much for taking the time to write this quality piece. It’s been enlightening and helpful.
How much annual returns on their trading do good proprietory traders make?
Hi, I am Jerry Shater.. I’ve been looking for a nice blog to read as well for about an hours. I’m so glad that finally I found the best one. Thank you so much for this helpful content like what I’m looking for.. I am looking forward to see more contents like this .. I’m sure to be back for more updates on your blog.
Hi Bella,
what happens if you were at a day trading firm and you left with a negative account? I know morally you should pay them back, is there any legal action they can take, like suing you for the amount you were negative