Do you even know what size I was talking about? Of course no firm is going to start a new guy with 10 mm. I asked the guy a question....keepa your moutha shut til he answers.
he is not going to give up the name . his big secret it seems most likely the firm is maverick trading in utah which charges for their options course its a pm retail account with the retail brokerage firm ib they pass thru the commissions from ib & make their money on profitibility of the trader with the 80/20 split deal In this case you pay for their course & that off sets any losses by a trader a legal structure since its a pass thru comm from the broker ib with no markups If that is who is talking about ? so out comes the checkbook in any event to trade with them , no free lunch the scoop i was told in talking with one of the owners early last year
hahaha yes, my big secret. I keep no secrets, go read my trading journal on ET, I hold nothing back. Sorry for my slow responses, I don't check this site as much as I used to. Calm down. The company has already been mentioned: Tower Hill. Maverick actually told me to inquire with them some time ago, and I did, and finally they got back to me. They have not mentioned anything about a trading cost. The only cost I'm aware of would be the flight to chicago and hotel acccomodations during the 2 week in-office training. If they are holding out information, then so be it haha. If the terms are legit, it sounds like the best deal out there for a new trader. I have not yet signed with them or anything, because I am considering going back to school for my MBA so that I can get a salary job in the markets. Might Tower Hill have a crappy side? Maybe, I don't know. I do know that most prop firms have a crappy side, so its to be expected. The industry is BS, but it can't be avoided, so only two things matter: 1. The terms and 2. The technology and support I don't know how reliable their service / support is, so I can't comment on that. But the terms sound pretty damn decent from what I can tell. And to you guys who say "open a futures account..." I am not new to this arena, I have traded for a firm and I've already had a futures account. Futures are great for the independent trader, but you miss out on so much opportunity.
I was under the impression Tower Hill doesn't do remote at the moment (what I was told a couple months ago)? Has their 'policy' changed recently? Just wondering since you had mentioned the flight and 2 week training. TIA.
Ksmetana I did not insult you, but since you want to act like a child . here is a reality check for you You have no prayer with Tower Hill They don't hire losers Your a failed trader that can't even make money with you 3 k account with t3 Go back to trying to get the girl of your dreams. I guess your still trying to get laid for the first time. we all read your pathetic thread about trying to trade & get the girl , hilarious ramblings maybe get a job & move out from your parents is the first step in becoming a man for once trading is not for you & everyone knows it But you . time to wake up to the real world
If you're going to spend the time and cost to fly to Chicago, then you may want to inquire with other firms to compare. Maverick posted a list of Chicago firms on another thread, check it out. http://www.elitetrader.com/vb/showthread.php?s=&postid=3477830#post3477830
he should forward his thread on his journey in becoming a trader to tower hill they will hire him with a salary & pay all expenses for him to relocate to chicago talented traders like him are rare to find & they can't wait for him to join the team
Kurt, I have not heard many good things about Tower Hill. I know a few people that interviewed there and it looked bleak in their office. From what I heard they stop you out at like a $50 a day loss and fire guys after 3 months if you are down a little bit in the account. I would think T3 was a better setup. I believe the owners of Tower Hill are connected with Avatar. I think Avatar was started by some former Tower Hill traders. I'm not sure what you like about this setup. Nobody in Chicago wants to trade there. Hell, very few people I know in Chicago have even heard of them and this is a trader's town.
From what I understand from people who interviewed with Tower Hill is they have guys trading 5-15 shares to start. That is unheard of...in a real bad way. After you prove yourself you go up to 30-50 shares.....yes..that is shares of equities. There is a reason Mav said the place is empty. Don't waste your time with a firm who doesn't have the capital to trade or the confidence to back guys with real money.