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traderchi128
 

Registered: Feb 2012
Posts: 341

 

06-02-12 02:51 AM


Quote from operator:

What do you expect them to start a rookie out with 10MM? They are going "start" you with something small and as you do better they will increase your size. I see nothing wrong with that...



Do you even know what size I was talking about? Of course no firm is going to start a new guy with 10 mm.

I asked the guy a question....keepa your moutha shut til he answers.

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traderchi128
 

Registered: Feb 2012
Posts: 341

 

06-02-12 02:53 AM


Quote from Maverick74:

I'm curious who this firm is as well. I don't know anyone offering this deal and certainly not in California. You couldn't pay me enough money to back guys trading stocks. I can't imagine a firm doing so today and staying solvent.

There is one firm that does so in Chicago (Tower Trading) and their offices are practically empty.




Bingo.


5 to 15 shares of stock = Laughable.

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hitnrun
 

Registered: Sep 2011
Posts: 514

 

06-02-12 03:06 AM

he is not going to give up the name . his big secret it seems

most likely the firm is maverick trading in utah which charges for their options course
its a pm retail account with the retail brokerage firm ib

they pass thru the commissions from ib & make their money on profitibility of the trader with the 80/20 split deal

In this case you pay for their course & that off sets any losses by a trader

a legal structure since its a pass thru comm from the broker ib with no markups

If that is who is talking about ?
so out comes the checkbook in any event to trade with them , no free lunch
the scoop i was told in talking with one of the owners early last year

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ksmetana
 

Registered: May 2010
Posts: 507

 

06-02-12 06:28 PM

hahaha yes, my big secret. I keep no secrets, go read my trading journal on ET, I hold nothing back. Sorry for my slow responses, I don't check this site as much as I used to. Calm down.

The company has already been mentioned: Tower Hill.

Maverick actually told me to inquire with them some time ago, and I did, and finally they got back to me.

They have not mentioned anything about a trading cost. The only cost I'm aware of would be the flight to chicago and hotel acccomodations during the 2 week in-office training.

If they are holding out information, then so be it haha.

If the terms are legit, it sounds like the best deal out there for a new trader.

I have not yet signed with them or anything, because I am considering going back to school for my MBA so that I can get a salary job in the markets.

Might Tower Hill have a crappy side? Maybe, I don't know. I do know that most prop firms have a crappy side, so its to be expected.
The industry is BS, but it can't be avoided, so only two things matter:
1. The terms
and
2. The technology and support

I don't know how reliable their service / support is, so I can't comment on that. But the terms sound pretty damn decent from what I can tell.

And to you guys who say "open a futures account..." I am not new to this arena, I have traded for a firm and I've already had a futures account. Futures are great for the independent trader, but you miss out on so much opportunity.

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illmighty
 

Registered: Mar 2009
Posts: 1

 

06-02-12 07:54 PM

I was under the impression Tower Hill doesn't do remote at the moment (what I was told a couple months ago)? Has their 'policy' changed recently? Just wondering since you had mentioned the flight and 2 week training. TIA.

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hitnrun
 

Registered: Sep 2011
Posts: 514

 

06-02-12 10:32 PM

Ksmetana

I did not insult you, but since you want to act like a child . here is a reality check for you

You have no prayer with Tower Hill They don't hire losers

Your a failed trader that can't even make money with you 3 k account with t3

Go back to trying to get the girl of your dreams. I guess your still trying to get laid for the first time.
we all read your pathetic thread about trying to trade & get the girl , hilarious ramblings

maybe get a job & move out from your parents is the first step in becoming a man for once

trading is not for you & everyone knows it But you . time to wake up to the real world

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