<img src="http://www.hketo.ca/news/pages/Nov-4-2004_swift.jpg"> http://www.hketo.ca/news/pages/Nov-4-2004_swift.html
liar, I think you have a bit of analytical problem and if I were you please keep you mouth shut tight. I am not here to start a fight with anyone as I totally believe arguing with a fool makes myself a fool too. But for your information, I have already moved on from Swift and got a job offer. "get real and lost", please back yourself up before post any comment, otherwise it makes yourself a complete idiot.
I have found this to be an informative post save when a few ego's started to clash. I am a day trader but not an "ace trader" or "captain of industry" such as the gents on this thread, (if you need to confirm that just check my posts on trader p/l 2006). My only comment is to prospective taders thinking of giving this game a shot at swiftrade or an other prop firm. Just like any other business, your experience will be based on the quality of the people you work with/for ie: BM's and Owners. Parent companies are what they are: "Very good at making money" don't expect any more than that from them. I happen to work with/for a group of people that know what they are doing and respect those that are willing to give this game a try. I can only hope that those of you who give trading a shot find the same. Just remember on the path to becoming a successful trader, arguing over percentages and nickel and dime share lot charges won't ever make you better trader. Oh and stay away from Swifties Regina BM I hear he makes trainees that get locked out wear a dunce cap and that he whips them now again to keep things fresh.
I am very interested in how the Swiftrade make money in the market. But let me introduce myself first even anyone not very interested. I am working in a local securities firm in Hong Kong as a futures dealer. A dealer means just help the clients place the futures order into the market, including eCBOT, CME, COMEX, EUREX and others markets. Contracts including DJ, YM, CL and others. I already passed all 3 levels CFA exam and got FRM certificate. I did invest in Hong Kong stocks and I make a signicant profit on it by reading the prospectus and annual report. also research reports from different securities firms. But I never trade futures in my own account as I think it is very risky. The question I want to ask if Kwancy left swiftrade, Can he/she still have the method to use the same strategy to make money in the market. The CFA and FRM course never tell me how a professional trader use their system to trade in the market. What I think is 'making money' is more important than "getting academic qualifications". CFA and FRM is too academic. Securities investment can be sucessful in a bull market. And it takes a long time to make a huge money. I want to know more on how a trader to make money daily. As I saw even a large client still can make a lot of lost in futures trading markets. Can you give me more information on Swiftrade as it is recruiting people in HK now? As I know I will have no hope to get in Morgan standley or other I-bank. My English speaking and Mandarin is not good enough. Perheps I can purchase the trading method from u if it is not expensive.
SwiftTrade is always hiring, and they hire almost anyone. No one will tell you how they make money. If you get in SwiftTrade, the senior traders might tell you something, but reserve some techniques for themselves. I would only tell them enough to pass the training. I'm the nice one already. It's not like studying CFA and FRM, you have to make your own trading system, or develop your own trading method. You can't buy it from anyone. For a good mechanical trading system, it's priceless. I can sell you my discretionary method, but you can lose money on it. It's not my fault, since I can make money on it. In addition, my method might not even suit your style. I think it's better for you to dive into real trading with a small account, it's a small tuition fee to pay to find out what do you really want in terms of trading style. As a Honger, you probably don't want to risk any money, then try paper trading, but it's really not the same thing.
if you don't put up your own money, what's the intraday max buying power they give you? $1M? $500k? Also, what's the max loss before the system locks you out?
You can't put up money, as far as I know. The buying power depends on your skill, it's reasonable when I was there. Their risk management would be too tight for most people. You can easily get locked out, but I tend to think that the traders should blame it on their skills.
"It's not like studying CFA and FRM, you have to make your own trading system, or develop your own trading method. You can't buy it from anyone. For a good mechanical trading system, it's priceless. I can sell you my discretionary method, but you can lose money on it. It's not my fault, since I can make money on it. In addition, my method might not even suit your style." Right on Beng. The buying power depends on how good you are as Beng already stated. The stop-out cut depends on your last 14 days performance, eliminates the best and worst day out of the 14, taking the average of the remaining 12. Some people will claim it to be tight, but I think the strict policy makes swift unique and profitable for hiring non-experience to begin with.