So basically the guys they hire (which seems like anyone who will fork over 10k to them), get to spend 5 yrs training/trading....then finally get to trade some real size. I think they need to be much more specific on the size of their book after 2 yrs....then after 5 yrs. I highly doubt that some of the biggest traders on "the street" trade there. From what I remember seeing them on that ridiculous Wall Street Warriors show, they weren't trading any kind of real size there. The "most recognized traders in the industry" part is a hoot. Funny stuff. I didn't realize that the top prop firms needed to charge their guys 10k. In most cases firms that charge a fee to learn their strategy are either under-capitalized or have a strategy that doesn't work.
Went to the link but basically they only record something if there is a disciplenary action against a firm (and it looks like they nail everyone). So basically, there is nothing like "FINRA Broker check" for CBOE/CBSX firms.
New training program from SMB Capital being offered on advanced technical analysis. From SMB's trading blog:<blockquote><i> I have been working on a new Advanced Technical Analysis program which expands our training program at SMB with tools that are applicable to all asset classes and all timeframes. Iâm excited about this project as it is the distillation of many years of my work. Also, it does make you thinkâwhat is âadvancedâ trading or âadvancedâ technical analysis? My argument is that advanced is actually a simplificationâdoing the same simple, basic building blocks over and over. I think weâre going to air a section on moving averages on this weekendâs SMB University on StockTwits TV, so check that out if you get a chance.</i></blockquote> Moving averages? What will those SMB traders think of next? A seminar on Jack Hershey methods?
What do these guys offer to experienced traders with a track record? Can you trade algos there or do they only accept guys that that discretionary like they do? Cheers
In his book he says they would like to use algo-trading in the future, so I guess it's possible now. To all you guys claiming 10k for a training course is a scam. Seriously, 10k?? I'm no "big swinging dick" but still, 10k is not a huge amount in this business. They don't have to teach you very much to make you save this amount in the future.
What specific information are you looking for? Ya, you're right about the link, not much except the disciplinary actions. CBOE will tell you over the phone if a firm is a member. FINRA can check the firm's standing even if it's a CBOE/CBSX if you have the firm's Web CRD#. If you want the financials, then you can get that from either the firm or through the SEC.gov site.