I feel like a traitor.

Discussion in 'Prop Firms' started by newguy1, Aug 24, 2005.

  1. newguy1


    Today I received a call to come trade at a different prop firm, no capital contribution.

    The firm I am at trades for a penny, scalping LU and other high volume, low priced stocks.

    The firm I spoke with today offers a different way of trading, based on backtesting and technical analysis. The stocks traded are like msft, ect.

    I just got here at my current prop firm, and I'm doing well. I don't have a lot of support, since my managers are mainly just that, and not traders. Hell, my data feed froze 3 times today, and has been doing it every week. There is a lot to be desired.

    I just feel a little guilty even leaving the prop firm I'm at though. I'm doing fine...the trading I isn't really that innovative or exciting, but I can see myself making money doing. I'm not sure. I mean, I'm sure the firm that called me today is better...I'm not even sure how they got my number, or for that matter knew my name.

    Has anyone else ever felt a little guilty leaving a prop firm that hired you with no capital contribution? If it was my own money, I'd say whatever. But just leaving these guys makes me feel kind of bad inside. (if I wasn't making money, I'd just leave. But I'm doing better every day, and haven't really lost any money since the day I started. ...in fact, i've been making money and making it through the training stage faster than my classmate...hell I'm almost graduated. But then again, I have to ask myself if this is really the kind of trading I want to do. MKsummy seems to make a great living doing it.)
  2. plutocrat

    plutocrat Guest

    who is the new firm?
  3. newguy1


    I'm sorry, but again I'm not going to advertise. If you want to speak to me personally, that might be different. But I don't want to be posting about either place.
  4. Holmes


    As usual every business has its risk: if you were not performing then they would have no problems getting you out the door ASAP. That is the risk they run. And if you have not signed up for some "bonding" then there is no issue. Similarly if you are still in a "probation" period then you can leave without problems.

    Why feel sorry? This is a business and as long as you stick to your side of the (legal) agreement then there is no problem.

    Why stick around somewhere where you are not happy - it will only mean that you are not performing to optimum capacity. (And feeling sorry is not going to bring you money in your pocket, you'll have to think first about yourself)
  5. Hey new guy i think u r doing great since u havent lost
    I would say stick where u r cause u will trade much better and make better trade since you know u r trading with your own capital
    There is a saying ( dont think the grass is greener the other side )
    well anyway hope your will get a lot of advice and make your right decision check the Pm i sent you :)
  6. Dustin


    I would stay where you are. You are very lucky to be in a training group where you are making money this quickly. You will not get these results somewhere else by changing styles. If these guys had a system that worked well they would be recruiting big traders, not someone that just started. Think about why they want you, and the fact that they called you out of the blue is suspicious. Do a google search with the company name, or owner name, and fraud or SEC, just to see what comes up.
  7. I would go where the style is best and the money is best. From what you have described im guessing you work at swift, and if you can get more money elsewhere with no experience, go for it. We all know what they think about you. (Providing my guess is correct)
  8. no body gives a rats ass about you in trading and in life. Do whats best for you as everyone will be doing whats best for them.
  9. newguy1


    I don't work at swift.

    Thanks for all the comments guys. All I know is that I don't think the current style of trading will be as profitable as trading faster moving moving stocks at the other firm.

    What would you rather do? Scalp and know you can make some cash, or go to a a firm that teaches you to swing it a little more?
  10. Hey newguy1
    i would still say stay where u r
    cause a lot of pll dont even make profit or ( breakeven) in the 6 to 7 month,s
    i think u r doing great :D
    also what is weird is the pll who called you and how they got your # that is something u have to think about ???????
    If u were making 100k i would guess so but hey since u r a newbie this is somehting to think about ??????????????????/
    #10     Aug 24, 2005