The prop trading game just doesn't seem to be improving, does it ? Didn't you instead mean to say "SCAMWOW !" ?
I don't like to use the scam word unless I know it be true in the Madoff sense of the word. I just could not help comparing Velez's marketing and sales pitch to Vince of ShamWow fame. Their styles are similar. Why would I pay 12K now when I can wait a few years and pay 99.99 in three easy installments from his TV infomercial? VCM could even get Vince to help sell his training programs. That is VCM's next logical step after there are no more traders at 12K a pop to be found. I suspect the number of traders he is going to find at 12K is going to drop off dramatically. I understand why he did it from a marketing perspective but I don't think it will work. People are not as dumb as he thinks.
i now love vince and the SLAP CHOP.... "you're gonna love my nuts" "the reason you're gonna slap away every day.." "guys.. we're gonna make america skinny again, one slap at a time" it's even on bloomberg now hahaha may be related: In 1999 Vince Offer released the Underground Comedy Movie to scathing reviews. Lawrence Van Gelder of the New York Times described the movie as "a series of sketches built around subjects like masturbation, defecation, alienation, urination, necrophilia, voyeurism, casual brutality and mockery of the unfortunate.
VCM trading I view through his website and Mr. oliver is very convincing about his company. Any one trading for this company and how's the platform? The training is pricey, any one recommend this company to new traders? I was thinking of join, but I would like people's opinion about this firm. I'm looking for a prop trading firm to join, anyone know any good one out there that cost less then 5k to join with good profit split? thanks,
I can only respond to your question from a personal opinion point of view since I have never worked at VCM myself. Yes, Mr. Velez is very convincing but that in itself is part of the problem I have with their offer. I have found that the best offers in life tend to come from people who are not very convincing but the offer that they are making IS very convincing. I have seen no evidence so far that VCM is a scam but the terms of his offer are too heavily weighed in his favor. He wants too much money up front and takes too much money if you ever get good at trading. Many people have been taken in by Velez's Vaudeville act but I don't personally relate to the New York city slicker style. That is just me. I grew up in a rural area where people talk plainly. I find someone like Mark Cook much more appealing. My gut feeling about VCM is to run away as fast as I can.
i think cy has a 60 a month software fee with 100 % pay out. Adter four months the said they review you and offer you 500 k to 1mm to trade for a profit split that can range 30 % to 10 % Nick
I donât really know much about that. How would you gauge if, letâs say the nasdaq would be stronger or weaker than the Dow and then do a long/short posittion? How would you go about setting up up an arb system? It seems something like that is always automated. Sterling is very hard to automate in my opinion. I canât figure out how to automate even a very simple strategy and there is not very much support out there.