Prop Firms That Care?

didn't you sign up with Echo??

cheers

 

I changed my mind last second...I got a better deal with GTT...Plus i can trade anything i want....that was a big selling point...
Cheers

 

jpomerenke....are you remote or in house ? What can you tell us about GTT ??

 

I trade remote as of now...What do ya wanna know about GTT? Not sure if Baron is a big fan of us talking about GTT here because we are not a advertiser...but we are in the works of that
Cheers
Joey

 

You can also PM me if ya want.
Cheers

 

Well, at least you are honest, and that is a good start.

 

Thanks
I respect baron and his great site here...it helps traders out alot and also gives you good contacts.....

 

I was with Schonfeld for a while. Their training was very good at that time. I don't know about now. They had a system that was quite effective, but it was based on momentum.

Now, momentum does not seem to be quite so dependable as when I was with Schonfeld (mid 90's). I have no idea what they are training right now. I have a good friend who is still there, and is a trainer. I will ask him and report back if I find out anything. They are quite closed mouthed about what they do. Lots of nondisclosure policies.

I myself was a trainer and desk leader when I was there. I can tell you this. It was very simple. Buy the strongest stocks on dips, and short the weakest stocks on bounces. Very straightforward. (issues needed to qualify in several ways....volume, relative strength, etc.). But trading was different then. I will ask what they are training the new traders now. My guess would be that they emphasize selectivity and patience (always a good idea). I do wonder how they determine stock selection though. I will get back on this issue after I touch base with my friend. (If I learn anything worth repeating and not endangering his "nondisclosure" promises).

Peace,
rs7

 

the white shoe firms care so much that they're showing it with pink slips.

they 'care' in that, once you're in the door, they'll invest in you. But you're a trade, as much as you are a trader, anywhere in this business.

 

You have got to understand...most prop firms nowdays just dont have any training...your lucky if you sit by a good trader and he/she teaches you stuff....or the firm will have training but you will have to pay for it....and its usually pretty broad stuff...not really going to help ya make money usually...i have heard schonfeld has great training...not sure how it is now...but they also have pretty shitty payout and high commission if i rember right.....
thats just my 2 cents
Cheers