Thread: Schonfeld Letter to Traders: It is getting tougher (US prop firm)

Schonfeld Letter to Traders: It is getting tougher

Seems reasonable.

Ouch. Like the note said, the business changes again. Will be interesting to see how the little traders (prop and retail) fair in this high-frequency environment.

tough times ahead, mates!!!

Tough times for small traders, or so says the article. Which I think is true, I have friends at prop shops scalping for pennies/rebates and they just can't beat the machines at that game. Have to look at a longer time frame, but the firm only allows so much risk, etc. Sad to see, I think many traders will leave there.

What about the big guys and how are they going to survive? Lower costs? more risk?