First New York Securities

Discussion in 'Prop Firms' started by Cramerholic, Nov 28, 2005.

  1. Shhh, don't tell anyone that by actually training people and providing capital to trade with, that we actually end up with traders making money.....which means they trade more...which means they stay longer...and, yes, BT can even make a buck or two. This is a closely held secret...don't tell.....LOL.

    On a more serious note...Steve Schonfeld did a great job with his traders back in the 90's, and Mayer Offman (the Rabbi) did great mentoring some of the early Generic traders....then it seemed like none of the trading firms actually did much training after 2000.

    There are "trainers" (a few "schools") - and there are "firms" - but there really aren't any firms that do much training any more (of course, PairCo does a tremendous job with their Bright traders).

    Anyway, thanks for the kind words....and I will repeat " FNYS has a fine reputation" .....in keeping with the thread.

    All the best,

    Don (geez, can the market get any slower......)...
     
    #31     Dec 20, 2005
  2. Don,

    I see your firm is located in Nevada, would you be able to train your traders that might be in the NYC/NJ Area? Or do you have any locations in the NYC area?

    Thanks in advance.
     
    #32     Dec 20, 2005
  3. Magna

    Magna Administrator

    Guys,

    This is a thread about FNYS. If you have any questions for Don (or anyone else regarding other firms) please contact them privately via PM/email, etc. Thanks.
     
    #33     Dec 20, 2005
  4. It is interesting to note that over the past several years people have posted questions about FNYS and never ever received any feedback from people that have or had actully traded at FNYS.
    I highly doubt that those who trade at this firm have ever or read or replied to the posting of Elite Trader.
     
    #34     Dec 20, 2005
  5. I have to agree with Magna, please send a PM...thanks!

    Don
     
    #35     Dec 20, 2005
  6. that's the point.....

    similarly other firms, have a "hush mouth" policy too....

    guess it really doesn't matter, as what counts are those that both participate and share, especially on these threads....

    for one important reason:

    sifting through the hype of advertisements and interviews, as compared to how others have faired helps one decide on what is truth and what isn't

    doesn't get much more plain than that
     
    #36     Dec 20, 2005
  7. Take the self promotion of Don at Bright and NYFS, and you see the difference of the two firms.

    One "Retail Prop".......the other is a pure trading firm that puts its money behind the program and effort. the other just acts like a casino.

    Don needs to reload his wannabe traders ever few months and the successful one end up moving on to a savior firm with some technology and products.

    You will never see NYFS at the Treaders Expo.

    This is a perfect example of both ends of the Spectrum.
     
    #37     Dec 20, 2005
  8. zdreg

    zdreg

    or start another thread.
     
    #38     Dec 21, 2005
  9. Seriously though, no FNYS Traders in this forum, out of over 40k members (different names)? Secret group I guess.
     
    #39     Dec 22, 2005
  10. Thats true no one from FNYS at this board nor any traders from Golman Saks here as well.
     
    #40     Dec 22, 2005