Book Review of The Prop Trader’s Chronicles by Francis James Chan

this book is going for $300+ on amazon

there is a pdf of this online also (i have not read any of it yet)

Journeys of a Bumbling Trader

The full title of this book is “The Prop Trader’s Chronicles: Short-Term Proprietary Trading Strategies for Both Bull and Bear Markets” by Francis James Chan.

In this book, Chan narrates his story of how he first got started at Swift Trade Securities at Toronto, learnt the art of high volume scalping of U.S. stocks (with tape reading and destination selection as foundation), and his transition to trading at home with CTNY, a U.S. prop trading firm. The book biography wrote that he currently lives in Hong Kong where he trades U.S. stocks for Delta Capital Group and serves as managing director for Atrium Asset Management.

For readers familiar with SMB Capital, Chan traded in a very similar fashion. The main difference I see is that while Chan scalped for 2-3 pennies in a market maker style, SMB Capital traders go for longer swings until there is a reason to sell…

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