Peter Brandt’s Public Blog – Page 2 – Peter Brandt

A follow-up regarding my attack on the “we-fund-you” prop industry

August 13, 2024/by Peter Brandt

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 […]

Looking for success in all the wrong places. This is the description of 95% of those wanting to be full-time traders.

August 6, 2024/by Peter Brandt

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 […]

The “We-Fund-You” Prop Trading Industry should be immediately shut down

July 17, 2024/by Peter Brandt

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 […]

The beautiful symmetry of past Bitcoin bull market cycles

June 2, 2024/by Peter Brandt

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 […]

Bitcoin — a once in a lifetime trade, never to be equaled

May 3, 2024/by Peter Brandt

There has never been and may never be another market like Bitcoin $BTC 2024 is my 50th year anniversary of the first futures market trade of my life — it was for contracts of bags of pre-1964 Silver quarters and dimes. https://www.nytimes.com/1971/04/02/archives/futures-in-silver-coins-traded.html I have traded a best-guess 35,000-plus futures contracts in my life covering everything […]