The Prop Trader's Chronicles: Short-Term Proprietary Trading Strategies for Both Bull and Bear Markets

Received any inventory information for me? ” He regarded up as he posed the query and watched my facial cues as though to check the legitimacy of my declare. “Mostly simply scalp AMD lately—you comprehend, the Pepsi of workstation processor chips to Intel's Coca-Cola. ” evidently, the references had long gone good over the border official's head. “That's it? you simply exchange one inventory all day? ” He raised an eyebrow. actually, I switched among a small basket of shares on the time, yet an easy definite sufficed. remember that, the standard “okay, move forward” with a welcoming smile after seconds of wondering, which in my adventure was once more often than not provided to Canadians who replied or 3 questions on the U. S. border with no a lot hesitation (yes, even in 2007), used to be no longer approximately to be provided this time. in its place, the guy requested to determine the contents of my pockets and spent the following 10 mins dealing with each merchandise. certainly, he heavily tested a enterprise card—the one from my flooring supervisor on the Toronto-based proprietary buying and selling company (or “prop company” for brief) the place I labored on the time—and analyzed it as though it have been a section of significant facts in a criminal offense scene research. finally, after meticulously analyzing each merchandise within the pockets, he nonchalantly passed all of my credits and debit playing cards, identification playing cards, passport, and U. S. funds again to me in a mound. i used to be pressured to reassemble the hill of plastic and paper into the pockets earlier than continuing into Buffalo, ny. After the unlucky occasions of September eleventh, 2001, which had resulted in elevated border safeguard, Canadians have been, for the 1st time, taken care of by means of American border officers as foreigners on the Niagara Falls border (prior to 2001, a verbal affirmation of citizenship was once all that was once in most cases required for a Canadian to move; no passport, nothing). As of January 2007, it used to be additionally required to offer a passport to go into the us through air, with other kinds of transportation to keep on with. but even then, it was once mostly a way more effortless technique than that one specific, surprisingly humorless, American border professional had made up our minds to make his task. in reality, his surprisingly unfriendly demeanor had jogged my memory that the common American, in my adventure, has a tendency to be a lot friendlier and extra personable than the overplayed stereotypical contrasts among citizens of the 2 nations may recommend. He had additionally jogged my memory that misconceptions and basic lack of knowledge approximately prop enterprises, and markets as a rule, stay as frequent as ever in a time whilst politicians be happy to exploit “investor defense” as a public catchphrase to attract the bottom universal denominator; and as an excuse to cross arbitrary legislation and laws in line with unproven theories that do little greater than guard securities legal professionals from boredom. through the years, I had additionally came across that there has been an exceptional number of books on hand on all facets of the finance industry—ranging from the enjoyable stories of Michael Lewis's Liar's Poker to Nassim Taleb's philosophical treatise, Fooled by means of Randomness.