I think it drops your two worst days and then takes the average. Overall swift is a good place to start, but because of their payout once you start making money its time to move on.
I am sorry if I make a mistake, but the focus here is that your stop-out is computed based on your recent past performance at Swift.
I know this thread is about SwiftTrade, but is it true Saxon Financials in Montreal is moving from futures in to the stocks and offering traders more intraday buying power and better splits... A question...Has SwiftTrade had it to good for to long???
Swift is just starting to have it good....they are now getting to the point where they have such market volume that their fees are getting lower and lower, the ecn's are giving them higher credit...and the firm as a whole can afford to give their top traders unbeleivable buying power. With 1300 traders world wide and growing at an exceptional rate....the fees and costs of doing business is only going to get lower for swifties.......that and the fact that soon they will have access to just about every market in the world means Swift is just coming into its "goodtimes". obviously thats just my own person biased opinion.... and for the people that dont know much about swift....ignore the idiotic comments by people that say Swift is just a good place to learn how to trade then the top guys\girls move onto other firms for more money.....the fact is the mediocre guys leave swift...the ones makin 3k-4k a month that think when they leave for a different firm they will make an extra 800 bucks a month.......the truth is top guys\girls...the ones makin 50k-250k a month (the ones who consider 800 bucks to be pocket change) arent leavin swift. Swift's fees, rebates, access to almost every ecn and market and over all corporate structure are what make it possible for these people to make the money they do. Again...my humble opinion....and i may lie to ya...but the numbers dont
the guys/girls that are making 50k to 250k are only taking 60%, and like someone already commented the guys that are making the most money except for a few are using the dark book and with the new release of prosper pro that has a millennium scanner, they have just killed it. I'm not saying that those who make money leave swift, it just seems that if you can trade with your style somewheres else and take home 100, or even 80% of your net it seems to be worth it. I had a style of trading that I always wanted to try and my BM wouldnt let me for whatever reason. I switch firms and am given the freedom and look a 10k day, could it be luck maybe but don't call me an idiot cause I feel that those making money and who are efficent could make more else where.
So was it Swift or your BM? There's a difference and that will happen anywhere in business. Personally, my branch manager has let me try anything I've wanted to. But, as a businessman and entrepreneur, he had to see that I had a plan first and that it was thought through not just slapped together. I imagine things may be different if your BM let you try what you wanted and you made good money doing it. Agreed. Some people's trading styles may be more profitable elsewhere based on the current pay structure. But that's for them to decide/figure out. Who's to say what is "right and wrong" if we're all making money. QUOTE]Quote from nysekiller: the guys/girls that are making 50k to 250k are only taking 60%, and like someone already commented the guys that are making the most money except for a few are using the dark book and with the new release of prosper pro that has a millennium scanner, they have just killed it. I'm not saying that those who make money leave swift, it just seems that if you can trade with your style somewheres else and take home 100, or even 80% of your net it seems to be worth it. I had a style of trading that I always wanted to try and my BM wouldnt let me for whatever reason. I switch firms and am given the freedom and look a 10k day, could it be luck maybe but don't call me an idiot cause I feel that those making money and who are efficent could make more else where. [/QUOTE]
madmunny is right, swift is the best place u could possibly trade at if you do 2000+ trades a day, i dont know of any great traders that have left swift that do that. But i am a little annoyed that he is again saying things that are complete lies (although he might actually believe them from propaganda fed to him by Beck.) Just so you know, 2 of the traders i trade with were always in the top 10 at swift so you cant say that swift's best traders dont leave. Swift is fantastic for a certain style of trading, and although it is a very uncommon style and a small percentage of swift traders use it, if i ever go back to that style i will probably go back to swift because that is where i would make the most cash and cash is the bottom line.
Lippy has spoken the most honest line on this whole thread. "Cash is the bottom line". We're not here to make friends but money, if I can get more somewheres else then I'm gone. Sorry thats life. Madmummy give me 10m in BP and 65% and I'll come to your branch just because I like you.
The news mentioned that Swift is going to access HK's stock market. Does anyone in this forum has any update on this? Is HK's stock market feasible for Swift's trading strategy?
save yourself some heartache -- don't get into futures. but if you insist, here is a good starter http://www.dacharts.com/