Hitman, didn't want to change the topic from your January Trading journals...but wanted to question your post which I've attached here. ___________________ Hitmans post The lone spark after the close was when I have finally inked my name on that contract. Within a couple of weeks I will get full control of everything from commission rates to share limits, I will probably come up with clearly defined rules such as "if you trade this much volume you will get this commission rate" (I will look over Don's commission schedule and make sure I beat it) and "a new trader starting with no capital, paying $3 a ticket, will get an automatic reduction in ticket charge after his first net positive week", etc . . . I have a lot of ideas for the team I run, but my focus would be to keep everything under clearly defined rules so everyone know exactly what they need to do to get what they want. I want to keep personal favors, hidden agendas, special case scenarios to a minimum. My business card will now say "Managing Director". Let's just say until my team starts to perform better (actually, this week so farhas been solid for everyone except myself), and I actually see some black ink on my P&L for 2002, the title is a joke, for now. When I have 30-40 traders under my control like some of the bigger names at my firm do, I can probably tell people I am a managing director, until then I have a lot of catch-up to do, and while the card may be useful to impress someone in a club, those that know me well probably understand why it will never be used in such a fashion. When the firm makes an announcement of a new "managing director" we are allowed to put up one quote of our choice, back then when I was red hot I thought about all kind of quotes, but now the one I came with was "The firm will have my 100% effort". It may sound corny, but given my current state of performance, that's the best I can do, and success or failure, do or die, millionaire or hot dog vendor, the firm and those that work with me for that matter will get nothing less, hence it was the most proper message to send for the time being. That said, over the last a few weeks, the actual signing had always been something that carried some weights in my heart, as until my name was on the contract there was still uncertainty in what was undoubtly one of my biggest decisions. With hopefully some sort of reduced rate coming my way (very useful if I am taking so many shots, sure helps reducing the damage), and the new announcement, will this be the added pressure that break my spirit, or the much needed morale boost that will get me out of this slump? Final stretch of the month will tell the full story. _____________________________________________________ Don't wish to pour water over your bonfire....but as you are still learning to trade profitably yourself don't you think that you should concentrate on that rather than on recruiting a trading team. As a leader of a trading team you should inspire your workers, and "lead the way". Are you going lead the team with open disclosure of your trades? Don't you think they may be put off in the fact that their MD Guru is hardly bringing in the cream. What a sham if the trading leader is just Nick Leeson in disguise. Getting the MD title is not just a joke, it make me question the whole integrity of the company. These things only look good in Egypt.