As I was looking through Craigslist and Yahoo I found quite a few ads from prop firms and certain names keep popping up: Assent, Dimension Generic Hold Brothers Lynx Prestige Thor Capital Some other firms do not reveal their name in the ads. Since I am about to send out my resume to a few places I would truly appreciate some feedback on these or other shops. TIA
Realize that most of those are not 'jobs'. They're basically brokers where you put up money and they charge you commissions. By asking for a resume, they hope to sound high falutin', but really all you need is cash and a pulse and you're 'hired'.
In fact, I'd strongly suggest you <b>avoid</b> any prop shop which markets its services as a 'job' you get 'hired' into. That's just dishonest and sleazy. Lies are like ants- if you find one, you know there's an entire nest full of 'em lurking nearby. Deceptive marketing, 'hiring' for 'jobs', as seen on the website of a bucketshop notorious for screwing their clients: www.hlvcapital.com Solid & trustworthy firms never pretend they're 'hiring' their clients: www.echotradeonline.com See the difference?
Brickell holdings has a good training program and the owners will actually work with you to ensure that, if you put in the time and effort, you become successful. They're a subset of Lynx, but if you just join "Lynx" and not Brickell, expect no training.
I truly appreciate all the responses. Since the date of my original posting my situation have changed somewhat in that I started trading E-minis from home in my IB account and I am doing quite well. By well I mean that in a very high percentage of the 5-20 times a day that I engage the market I end up making a few bucks and no big losers. I went from starting with ES (to slow for my temperament - at least with current market conditions) YG ( the bursts of price action are tricky for me ) to NQ which I happen to like because of the smaller price increments and decent liquidity. Looks like early in the morning I will keep trading NQ and during the day try ER2. I am self taught. At one point in my life I was a floor trader at one of the commodity exchanges but at that time I was not a scalper but a swing trader, a total outsider. Since I decided to go back to trading full time I thought that the training discipline at one of the prop firms would help me transform myself into a VST trader. I guess I am a VST trader as it is and with a few futures contracts specially with the ER one has all the leverage one needs. I will hold off on the prop training idea foer a while. Perhaps I should start another thread to discover what people who traded both futures and stocks in a prop setting think of the relative merits of each. Regards, Gc.