Here is what Chat GPT says about your chances? Statistics on the profitability of retail traders in stocks, commodity futures, and forex markets are both revealing and cautionary. They generally show that the majority of retail traders do not achieve consistent profitability, and only a small percentage become profitable enough to sustain themselves, let alone […]
https://www.peterlbrandt.com/wp-content/uploads/2024/08/Chat-GPT-on-success-of-traders.jpg756738Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2024-08-17 06:47:132024-08-19 15:44:49So you want to be a full time trader? Good luck with that one!
The industry has a legitimate role to play — it is just not playing this role with integrity I have very directly confronted the “we-fund-you” prop trading industry. For more background, see this blog post. https://www.peterlbrandt.com/the-we-fund-you-prop-trading-industry-should-be-immediately-shut-down/ The problem is not the concept of customers paying a small monthly fee to paper trade with the hope […]
https://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpg00Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2024-08-13 21:02:452024-08-13 21:02:45A follow-up regarding my attack on the “we-fund-you” prop industry
Sorry novice traders, but there is no magic sauce or quick fix on the way to a career as a full-time trader Novice and wannabe traders believe that successful market speculation is all about knowing where markets are headed or about having a secret formula or about skill or about finding that one “killer” trade […]
https://www.peterlbrandt.com/wp-content/uploads/2024/08/Trading-as-an-endeavor-of-survival.jpg7431303Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2024-08-06 11:29:522024-08-06 11:37:32Looking for success in all the wrong places. This is the description of 95% of those wanting to be full-time traders.
In February 2023, we launched the PeterLBrandt NFT via @ChartWizardsNFT as both a Discord community and a comprehensive research service. Since then, we have witnessed remarkable growth and engagement, thanks to the outstanding contributions of our very own Jonathon King (JK) (@jonbking – see bio below). While the full NFT service will not be reopening, we believe the quality of Jonathon’s monthly research report is too valuable to remain limited to NFT holders alone. Starting July 25th, we are thrilled to announce the launch of the ChartWizardsNFT™ monthly macro letter as a standalone service, available to everyone.
https://www.peterlbrandt.com/wp-content/uploads/2024/07/Screenshot-2024-08-04-at-11.22.48 PM.png10561904Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2024-07-25 11:07:042024-08-05 00:23:29Join The Exclusive Macro Trading Community With Factor’s Own Jonathon King
It’s time for the CFTC/SEC/FTC and state attorneys general to do their jobs In recent years there has been an explosion of “fraudulent” Prop Trading firms (herein, “Sham Shops”). I define how I use the term “fraudulent” herein. A new Sham Shop seems to be popping up weekly — I estimate that Sham Shops […]
https://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpg00Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2024-07-17 05:54:132024-07-20 20:05:53The “We-Fund-You” Prop Trading Industry should be immediately shut down
The “Halvings” have represented the half-way points of past bull market cycles The Bitcoin Halvings are those dates when the mining rewards are cut in half from the previous halving cycles. Remarkably, the Halving dates have also represented almost perfect symmetry within past bull market cycles. More specifically, the number of weeks from the […]
So you want to be a full time trader? Good luck with that one!
/by Peter BrandtHere is what Chat GPT says about your chances? Statistics on the profitability of retail traders in stocks, commodity futures, and forex markets are both revealing and cautionary. They generally show that the majority of retail traders do not achieve consistent profitability, and only a small percentage become profitable enough to sustain themselves, let alone […]
A follow-up regarding my attack on the “we-fund-you” prop industry
/by Peter BrandtThe industry has a legitimate role to play — it is just not playing this role with integrity I have very directly confronted the “we-fund-you” prop trading industry. For more background, see this blog post. https://www.peterlbrandt.com/the-we-fund-you-prop-trading-industry-should-be-immediately-shut-down/ The problem is not the concept of customers paying a small monthly fee to paper trade with the hope […]
Looking for success in all the wrong places. This is the description of 95% of those wanting to be full-time traders.
/by Peter BrandtSorry novice traders, but there is no magic sauce or quick fix on the way to a career as a full-time trader Novice and wannabe traders believe that successful market speculation is all about knowing where markets are headed or about having a secret formula or about skill or about finding that one “killer” trade […]
Join The Exclusive Macro Trading Community With Factor’s Own Jonathon King
/by Peter BrandtIn February 2023, we launched the PeterLBrandt NFT via @ChartWizardsNFT as both a Discord community and a comprehensive research service. Since then, we have witnessed remarkable growth and engagement, thanks to the outstanding contributions of our very own Jonathon King (JK) (@jonbking – see bio below). While the full NFT service will not be reopening, we believe the quality of Jonathon’s monthly research report is too valuable to remain limited to NFT holders alone. Starting July 25th, we are thrilled to announce the launch of the ChartWizardsNFT™ monthly macro letter as a standalone service, available to everyone.
The “We-Fund-You” Prop Trading Industry should be immediately shut down
/by Peter BrandtIt’s time for the CFTC/SEC/FTC and state attorneys general to do their jobs In recent years there has been an explosion of “fraudulent” Prop Trading firms (herein, “Sham Shops”). I define how I use the term “fraudulent” herein. A new Sham Shop seems to be popping up weekly — I estimate that Sham Shops […]
The beautiful symmetry of past Bitcoin bull market cycles
/by Peter BrandtThe “Halvings” have represented the half-way points of past bull market cycles The Bitcoin Halvings are those dates when the mining rewards are cut in half from the previous halving cycles. Remarkably, the Halving dates have also represented almost perfect symmetry within past bull market cycles. More specifically, the number of weeks from the […]