Don fails to mention that this equates to over 500,000 shares per month. New traders simply do not trade this much volume (yes, not even at Bright). By the time you trade this much volume, Generic or wherever you go will have you at less than a penny a share....and over 85% payout. By the time you're pulling in over 5 figures a month, your payout will be close to 99%. Trust me on this. Don, yet again, is giving out useless info....
I never went to work for Generic. They couldn't sponsor me because they aren't registered in PA, and I am a PA resident. This all happened back in February... Yeah, I was extremely angry and disappointed. Right now just looking for a regular job so i can save up some money. Then i'm going to give Worldco a shot. Thanks for asking about it, by the way. Wish i had better news.
swinger, Just a note. Lieber & Weissman has a established office in Berwyn,Pa. (around 25 miles from Phila.). We are one of the few firms registered in Pa. Call Anthony Minisalle, MBA office manager at 610-725-9800 for more information. Gene Weissman Lieber & Weissman Sec., L.L.C. gweissman@stocktrade.net See us at www.stocktrade.net
Disagree that he is lucky not to start in this evironment. IF, IF, IF he can learn in this market he should have a long successful career ahead of him. All the traders that thought they were traders who started in 98, 99 are out of business now. He is looking for a career, then he should take the long view. Call Gene's office. Now is a good time to learn.
"Trey NOT cool" I had a response posted, but I figured why lower myself to your level. Facts are that our average volume is 1.2- 1.4 million shares per month. Newer traders using proper opening strategies may do from 200K-700K per month from the get go. I find it so intriguing that some people love to spout off without possibly knowing the facts of our firm. Perhaps at some other firms, they may not feel enough confidence to begin trading, but our people do pretty well. Thanks for yet another chance to show off BT. Have a greate day!! Don
i've pondered this myself. but if market conditions change then you may still be caught in the mindframe of an awful market
I think it is easier to raise expectations than to lower them. If a trader learns in this environment, he can learn to push the envelope. In this market he is learning the most important thing for a trader, PROTECT YOUR FLANK.