Mark Cook
Alchemy of Trading, who is leading the polls in the current remainder vote, had a bit about Mark Cook and how he was publicly bearish in November. Actually Alchemy says “mid-November,” but I reported it in August. After posting about this, I got in touch with Mark - who happens to live very close to my hometown in Ohio - and we emailed a few times and spoke on the phone. He liked uglychart.com and was interested in having me write for his website, but after I told him I was going to trade for a prop trading firm (which he warned me not to do), he decided that he did not want to work together as it might connect him with the firm. He didn’t want to have anything to do with the prop firm.
A lot of people warned me against trading for a prop firm, saying that they are known as “commission mills.” Some proprietary trading firms make their money from commissions and want you to trade their system (hundreds of trades per day). The firm I am working for makes money as a percent of my trading profits. In exchange for this, they give me margin that I otherwise would not have access to.
