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077: Dennis Dick – How to be a Profitable Short-Term Trader in a High Frequency World

Chat With Traders

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The Advantages of Joining a Prop Firm

The biggest advantage back then was just the speed. You could literally pick off anybody who's sitting out there with a limit order that's they're kind of like a sitting duck and we're just picking those off. The second advantage, which I talked briefly about at the beginning of the interview is the capital. If you're trading retail and if you're a two to one margin or four to one margin intraday, it's hard to make a living with a $25,000 account. That's why access to capital was key too.

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