Liz Ann Sonders is worried with my generation
Within it, there’s a wave building with
‘A mentality of get in, get out
Gambling on two moments in time.’
When we all speculate that becomes a crisis
– the games function changes –
Why is Jane Street then advertised as my pinnacle?
At times of life changing risk
I may acknowledge myself overexposed when I notice my hands
I’ll wash them, they feel clean,
And within a few loops, every texture is once again gross.
I haven’t felt that feeling since the last time
I was scalping weekly options
And prior, minute trading an asset like fartcoin.
Agress enough volume in a day and I’ll feel the local market maker calling out my inventory mismanagement.
I don’t like to be in a trade where I am size
And also my best trades seem to come when I showed up early.
A last traded price shouldn’t be confused with ability to absorb vol,
and a single vol spike won’t fool what’s worth a damn.
TWAP. Consistency.
Have you blacked out in your day?
Perhaps not a casino, clicking a bet size,
Though maybe scrolling a timeline, on an intake of discourse –
Do you move on at the moment you notice this?
Some mornings I sit down to work, queue a podcast, and when I rise for a break – maybe it’s 3pm. Then, 630pm.
Is this a perk of living alone? For who is this a perk?
I intend to sleep b4 10.
If in a year from now I felt secure with my situation, what changed?
I recognize the time I have +
My optionality here in my situation today
While here and adjacent perhaps to this topic,
I would like to compare ‘funded account’ evaluations as more predatory 1920s bucket shops. A few friends are involved, and as such I consider myself a fly in the room.
Up front, you pay a fee to demonstrate your competence.
Pass the test and they provide you with an opportunity to trade much larger amount of capital – at least until you fail.
They’ll even give you ~90% of the profits.
The game appears simple > reach the target + protecc the bag.
For example starting criteria you have >
a total allowable draw down amount from starting value (~3%),
a daily draw amount (~3%),
and a target ~3x as high from the start (~9%).
Easy?
I saw some large stats and ~5% of evaluations are passed.
After you pass, additional profit can then be withdrawn
Post pass, it’s possible the prop may not place your exact trade, nor hedge the other side.
The ~prop firm~ has the right to not honor the payout for any reason.
> you changed your strategy since passing the eval.
> you don’t trade often enough.
> we heard you took another bucket shop back east, we don’t know what you’re up to, and we won’t now honor your trades here.
Acknowledge the game you wish to play.