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ksmetana
Registered: May 2010
Posts: 507 |
06-03-12 12:59 AM
lol, so much hate in this thread for no reason, hitnrun is very sensitive, did the kids make fun of you at school
i need not defend myself, my journal is up for all to see. i have a lot of potential in the markets, i look forward to getting my mba
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so their offices are empty? any word on why?
Yeah, they'll give you tight stops in the beginning im sure, but at least it's free
maverick, my draw is simply that there is no risk to me. being undercapitalized and trading scared money was always my nemesis, along with working a full time job haha
and yes they are starting remote
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ksmetana
Registered: May 2010
Posts: 507 |
06-03-12 01:02 AM
haha @ odd lots. i would hope they don't keep you at 5 shares for too long lol
i can just imagine, buying 4 shares and scaling out of a position!
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traderchi128
Registered: Feb 2012
Posts: 341 |
06-03-12 01:11 AM
Quote from ksmetana:
lol, so much hate in this thread for no reason, hitnrun is very sensitive, did the kids make fun of you at school
i need not defend myself, my journal is up for all to see. i have a lot of potential in the markets, i look forward to getting my mba
-------
so their offices are empty? any word on why?
Yeah, they'll give you tight stops in the beginning im sure, but at least it's free
maverick, my draw is simply that there is no risk to me. being undercapitalized and trading scared money was always my nemesis, along with working a full time job haha
and yes they are starting remote
Not really free....you will be taking up time there trading ridiculous small size when you could be actively trying to find a much better situation. I have been in the biz for a long time..I have never heard of a firm starting guys out at such tiny levels. They would be better off having guys start on a simulator.
As far as their offices being empty...think about it. Do you really need an answer. If it was 10 yrs ago and there were a ton of prop firms in Chicago then them being empty would not be such a red flag. But with a ton of guys looking for trading jobs and with the number of firms in Chicago decreasing so much, they should be pretty much full.
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icarus618
Registered: Mar 2001
Posts: 987 |
06-03-12 01:13 AM
Quote from ksmetana:
* * *
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.
What opportunity are you referring to? I've traded at a firm (my own money). It felt like a job. Maybe that's what you're looking for though. I'm not knocking it at all. You're young and haven't really worked much so I can understand. For me, I'm definitely not missing leaving the house at 4:30 a.m. to commute to an office full of people I didn't care to be around.
Now, if you mean you didn't do well with futures and want to stick with stocks, I totally understand that. No doubt stocks are easier to trade. They're just not that great for intraday compared to e-mini stock index futures. Tech stocks during 1998-2000, different story.
Whichever your decision, good luck from a fellow Anteater.
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traderchi128
Registered: Feb 2012
Posts: 341 |
06-03-12 01:15 AM
Quote from ksmetana:
haha @ odd lots. i would hope they don't keep you at 5 shares for too long lol
i can just imagine, buying 4 shares and scaling out of a position!
Ha ha...yes. But is true............
My buddy asked what happens after you prove yourself at 5-15 shares. They said they move guys to 10-30 shares.
Waste of time..........
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ElectricSavant
Registered: Jan 2003
Posts: 14844 |
06-03-12 01:29 AM
Are you currently profitable? Do they have a trading program/curriculum/training, such as Bright Trading?
ES
Quote from ksmetana:
I found a firm that does NOT require a series 56... trading STOCKS.
They require NO capital up front. They absorb the losses. They limit their risk buy starting you off really, really small, and increasing your BP as you show consistency.
So, what is the law exactly on the 56?
Do you only need to take the test if you are contributing capital?
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