Is prop trading rubbish ?

Discussion in 'Prop Firms' started by Frenchy, Nov 11, 2005.

  1. Frenchy

    Frenchy

    you must have avery high financial degree for hoping that a firms give you money for trading ??? In France it s not possible, you must be the best of the best school but we are not a trading country so...
     
    #11     Nov 11, 2005
  2. Frenchy

    Frenchy

    you have series 7 ??
    It seems very hard for me, it s better if english is your maternal language ....
     
    #12     Nov 11, 2005
  3. tito

    tito

    What kind of trading did you do at Schonfeld where you made most of your dough in? (scalping, arb, momentum, etc.)
    Thanks.
     
    #13     Nov 11, 2005
  4. rwk

    rwk

    I trade from home, and I do not have any licenses. I had a series 3 years ago, and I have heard that series 7 is a very difficult test.

    The big-name investment banking houses in the US, such as Salomon and Goldman, pay well but are *very* selective. It is hard to get hired there. But that is not the same a proprietary trading. At a prop shop, you usually do not get a salary, and you usually have to reimburse them for any losses.
     
    #14     Nov 11, 2005
  5. Frenchy

    Frenchy

    if you have a family.....what a pressure !!!
     
    #15     Nov 11, 2005
  6. EPrado

    EPrado


    You might be rich.....but you lost one helluva bet to me....lol....but I was nice about it...only hit ya for 20...unlike others on the desk...
     
    #16     Nov 11, 2005
  7. So firms like Bright, Echo, HLV, swift are not prop firms,
    if so, what are they good for?
     
    #17     Nov 11, 2005
  8. LOL, Part a), was very funny
     
    #18     Nov 11, 2005
  9. That third option best describes it.



    30-1 leverage and (comparatively) low commission rates.
     
    #19     Nov 11, 2005
  10. Yes, I made a pretty lousy bookie/oddsmaker in the exciting field of 'Which of the three possible suitors the studio audience will pick on the TV show 'The Dating Game', while we were all watching/betting on that crap because the market was so slow.' :D :D :D
     
    #20     Nov 11, 2005