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FixedGrin

Registered: Aug 2011
Posts: 418

08-01-12 07:13 PM

Quote from sung1contrarian:

I saw an ad on CL for a prop firm
...
Thoughts?

that's all I had to read to know that they're most likely a joke. I have found a job before on CL but those are for entry level positions, so why spend the money on an ad when just about anyone will do? If they are looking for serious traders, there are more serious venues for that.

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sung1contrarian

Registered: Jun 2012
Posts: 28

08-01-12 09:02 PM

Thank you for your opinions. I agree with the skeptical sentiments.

Quote from Tradeindia:

What are the commissions like?

They said it was the standard TOS rates. You can check the TOS site for specifics.

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sung1contrarian

Registered: Jun 2012
Posts: 28

08-01-12 09:04 PM

Quote from FixedGrin:

that's all I had to read to know that they're most likely a joke. I have found a job before on CL but those are for entry level positions, so why spend the money on an ad when just about anyone will do? If they are looking for serious traders, there are more serious venues for that.

I agree that CL is not the best of options to look for these types of positions. Where would you recommend I check out for more legit leads?
Thanks.

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sung1contrarian

Registered: Jun 2012
Posts: 28

08-01-12 09:17 PM

Quote from jheacock:

I sat through the webinar last night. Sounded pretty good until they started trying to get everybody to pay the $575 training fee within the next 30 minutes.

Glad to hear someone else here sat in on it

Yeah I LOLed when I heard that. Made me think of late night informercials. I submitted a bunch of Qs but they only answered signup Qs. I'm guessing you didn't sign up? I did get an email from the presenter asking what they can adjust on their presentation to make me sign up. Planning on sending some detailed Q list and see what I get back.

I did look up the trader covering the NY area on LinkedIn and he apparently is currently a financial advisor at Merrill Lynch.
http://www.linkedin.com/pub/larry-deangelis/18/9a2/45

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jheacock

Registered: Dec 2005
Posts: 28

08-02-12 01:28 AM

An similar alternative would be TopStep Trader. They have clearly defined criteria to become funded. They seem more credible and have a lower fee with similar structure.

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FixedGrin

Registered: Aug 2011
Posts: 418

08-02-12 08:21 PM

Quote from sung1contrarian:

I agree that CL is not the best of options to look for these types of positions. Where would you recommend I check out for more legit leads?
Thanks.

to be honest, i don't think many legit trading groups need to advertise that they are looking for traders. you'll have better success researching successful (or stable) trading groups and then trying to contact them.

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