Home > The Business of Trading > Professional Trading > SwiftTrade Campus

SwiftTrade Campus

  1. I might work there soon.

    It is a part-time job while attending full-time school.

    Would it be helpful to my future career given that I will not work in swift upon graduation.
     
  2. I'm not fully aware of what exactly swift campus entails, but if you don't plan on working there after you graduate why bother with it now?
     
  3. Basically they are trying to get college/uni students to trade as a part time job, I forget which city it is located in, but their first one is in Ontario, Canada.
     
  4. Bad choice. I'd have more respect for you if you were at Tim Hortons or Kinkos, even McDonalds.

    JMHO
     
  5. I worked at the Hamilton office, in 2004.

    The operation could be described as a boiler room. Nick Jackson, who has probably since moved on because he couldnt trade, was the proprietor at the time.

    Im doing you a favour by saying dont waste your time there. It also does not look good on a resume. Yes, I was never successful as a "trader" using their strategy. I use the term trader only in that Swift likes to call its minions traders.

    The best traders do not hit the bid and sell on the ask. They follow trends which last days, months, years. As Ed Seykota says, perhaps you should try trading wavelengths after trading bid ask spreads.

    Anyways, perhaps some of this message will dissuade you from being among the 90% of the people who don't make it not due to their ambition, but due to the fact that trading the bid ask is simply a matter of trading noise.
     
  6. ROFL bet your kicking yourself now.... 4 traders at hamilton make 100k a month now, and i know 2 made over 500k for swifttrade last year.
     
  7. you were the guy who was here for 2 days right?

    rofl.

    mnx


     
  8. Szeven,

    I respect your opinion do you know this as fact or just hear say?
     
  9. Well, I stand by what I say. JMHO
     
  10. COMPLETELY TRUE ABOUT THE HAMILTON, I USE TO WORK AND SWIFT DOWNTOWN AND A GOOD FRIEND OF MINE OWNS A BRANCH OVERSEAS. IT IS INCREDIBLE WHAT THOSE GUYS ARE DOING IN HAMILTON THEY ARE DOMINATING DAY IN AND DAY OUT, WISH I WAS WORKING THERE, BUT THEY ARE THE EXCEPTION TO THE RULE MOST GUYS NEVER MAKE A DIME AT SWIFT BUT THERE ARE THOSE ANNOMALIES
     
  11. Is it possible to get into an ibank after a stint at swfittrade?
     
  12. Hahahahaha

    You should have to pay top dollar to be in the same room as mnx. Lord knows I would ;) Campus is great. If you want to see how the american markets actually move, its a good learning experience. And, as usual, it's the people who can't make a dime who bitch and moan about how swift sucks. All the platforms suck. It's just that swift is the biggest, hence, the biggest turnover, and the most losers. Voila.

    S
     
  13. Do you mean they made $500k for the company and kept 1/3rd of that for themselves? Do you mean these guys are making $100k/month for themselves, or is that before a profit split?


     
  14. The Hamiton guys are making that amount. I don't work in that office but I know. However, the turnover rate at Swift Trade is high and the Hamiton results are abnormal. There are plenty of losers at Swift Trade who don't make the cut and whines like a baby wah wah....

    I would give it a try. You got nothing to lose since all losses are covered by the company. If you tried and failed, don't feel too bad. I observed that approimately 4,5 people out of 10 can make the cut.
     
  15. Hows things get out of control.Yes the Hamilton branch DID make that much but once again they couldnt keep what they where doing a secret anymore .Now we all know HOW they made the money and we all do it, CAN YOU SPELL MILINIEUM.Thanks and keep up the good work Swifities.
    momo
     
  16. I have absolutely no experience, and no training, but am interested in becoming a trader. I was thinking of applying at Swift because I don't know of any other options right now. And help of where I could start looking? I don't mind starting at the bottom, as long as there is the opportunity for advancement. Any help is appreciated. TIA
     
  17. "CAN YOU SPELL MILINIEUM." you mean MILLENNIUM? LOL
    Ironically, NYFIX is much easier to spell. I know because I had to go to NYFIX.com to get the correct spelling for millennium. :p

    Also, I wouldn't say we can all do it. I have three different strategies for nyfix but no one will tell me what that marco scanner thingy is really called or where to get one or even what cpu language I need to know to write one. I was hoping it was java script :) and not Java:confused: but hey for all I know its written in DOS.
     
  18. Learn on your own! You will get raped if you put up a bunch of cash at a prop firm with NO experience!

    Swift U is just another way for them to get more money out of nieve traders.

    -Kastro
     
  19. Actually, I work there and really its a great experience. You don't have to put any money down, they take the losses, so that makes it a much safer way to learn than opening your own account (which is very costly). I would recommend it to anyone with an interest in this business.
     
  20. With no experience and no training, then Swift is probably your best option. I don't know of any other firms out there that will let you start trading without risking any money yourself. Probably about 90% of the people that try prop-trading, are "NOT" successful at it. That's just the reality of the business. So it's better to find out as cheap as possible if it's meant for you. I know a lot of people out there bad mouth Swift. But you will also find that most of those people are part of the 90% who never made it and they are looking to pass the blame. I worked there for over 2 years and have now moved on to better things, but it was a great place to start a trading career. I hope this helps.

    Cheers
     
  21. i love all the swifttrade bashing that goes on on ET by ignorant people with no idea of the truth........but really Amanda (as you are the one who started this thread) if you have no interest in being a day trader after you graduate then why go to swifttrade in the first place??? However....if you would like the opportunity to learn how to become a great daytrader with the potential to earn 50K a month (yes a month!).....and yes an extraordinary few do make that kind of money like the fella's in hamilton and billybobnasdaq that posts on here.....then i would really encourage you to go to Swifttrade Campus cause they have top notch guys there that would be great to learn from.

    And for all you nay sayers...yes i do know this for sure as i do work at swifttrade and am in fact a branchmanager and part owner of the branch i trade at.
     
  22. i love all the swifttrade bashing that goes on on ET by ignorant people with no idea of the truth........but really Amanda (as you are the one who started this thread) if you have no interest in being a day trader after you graduate then why go to swifttrade in the first place??? However....if you would like the opportunity to learn how to become a great daytrader with the potential to earn 50K a month (yes a month!).....and yes an extraordinary few do make that kind of money like the fella's in hamilton and billybobnasdaq that posts on here.....then i would really encourage you to go to Swifttrade Campus cause they have top notch guys there that would be great to learn from.

    And for all you nay sayers...yes i do know this for sure as i do work at swifttrade and am in fact a branchmanager and part owner of the branch i trade at.
     
  23. your a branch manager??? i know the guy who manages the regina branch he is kind of gay though, which branch do you manage??:D
    just jokes
     
  24. how will i get fired in swift campus office?
     
  25. Yeah I hear their company is called the "Queer City Traders" and that particular branch manager like to do kinky stuff involving zucchinis and buttsecks...LOL
     


  26. I wonder if he got a chance to look at this??
    nice one Brian
    :D
     
  27. man there are alot of haters out there, swift is great, i just graduated from university never had a real job. i'm not the smartest guy i know, but swift has given me the opportunity to make 6 to 7k usd a month. i dont know anyother 21 year olds making that kind of money. so like everyone else who has made it said all ready, go and try it you'll learn alot and there's great potential
     
  28. I am a UT graduate, and I also worked at Swift for roughly 1.5 yrs working toward being a mastertrader right now.

    Those Hamilton guys are in fact making that amount of money, it's true that they are taking home over 50K a month as one of the posts claims.

    I am a NYSE trader at Swift, the company has good execution (although grey box, connection problems all the time lately), but it is a real-time life experience of how the market actually works. if you are looking for a steady paid to support your life in University, then I do not recommend you to go for the campus. WHY?
    1.) It takes at least 4-6 months to learn the market, during the time you won't earn a penny until you graduate the last milestone. (you will know about this if you apply)
    2.) Being a student, you cannot dedicate much time to do your reserach and learn about the market. Although experience plays the most important aspect in trading, you do need to read some books and conduct some research on your own pre/post market.
    3.) If you are not planning to work in the i-bank/trading after you graduate (either as a B.com or whatever you are doing). Trading alone does not give you any credits on your resume, but in hybrid with say a CFA designation/B.com/MBA then you can have a shot in the big financial institutions.
    4.) There is a lot of frustration with trading (you will love and hate it), and you will get a crash on your insanity. Are you sure you are capable to handle the stress while at the same time facing all the tough competitions at UT??

    I wonder how many Swift Traders are on ET, may be we should post a poll see how many Swift Traders we have on ET. Good luck on Trading everyone.

    Peter Beck Rocks!!!hahahahaha, sucking energy out from young students now..
     
  29. I am a UT graduate, and I also worked at Swift for roughly 1.5 yrs working toward being a mastertrader right now.

    Those Hamilton guys are in fact making that amount of money, it's true that they are taking home over 50K a month as one of the posts claims.

    I am a NYSE trader at Swift, the company has good execution (although grey box, connection problems all the time lately), but it is a real-time life experience of how the market actually works. if you are looking for a steady paid to support your life in University, then I do not recommend you to go for the campus. WHY?
    1.) It takes at least 4-6 months to learn the market, during the time you won't earn a penny until you graduate the last milestone. (you will know about this if you apply)
    2.) Being a student, you cannot dedicate much time to do your reserach and learn about the market. Although experience plays the most important aspect in trading, you do need to read some books and conduct some research on your own pre/post market.
    3.) If you are not planning to work in the i-bank/trading after you graduate (either as a B.com or whatever you are doing). Trading alone does not give you any credits on your resume, but in hybrid with say a CFA designation/B.com/MBA then you can have a shot in the big financial institutions.
    4.) There is a lot of frustration with trading (you will love and hate it), and you will get a crash on your insanity. Are you sure you are capable to handle the stress while at the same time facing all the tough competitions at UT??

    I wonder how many Swift Traders are on ET, may be we should post a poll see how many Swift Traders we have on ET. Good luck on Trading everyone.

    Peter Beck Rocks!!!hahahahaha, sucking energy out from young students now..
     
  30. you do know what the swiftrade campus payout is don't you?
     
  31. By the way, for anyone who wants to know more about Hamilton, ask MNX. He is the guy who cashing in the Hamilton branch, please kindly share MNX. Thanks.
     
  32. 4,5 people out of 10?? I don't think so Lokkie, both your class and my class did not hit that percentage. You, Eddie, Mark stay and then the rest are gone, Teddy, Lukasz and I stay and then the rest are gone. The rates are even lower for the latter classes (roughly 1 or 2 out of 6, and we still cherish John). But you are right, why not give it a shot Amanda??!!
     
  33. amanda may i ask you what your current educational background is? and how you got the job offering?

    because i am currently going to a college (2nd year) but my gpa isnt that great around 3.2ish? and there is a swiftTrade locatoin here in vancouver, but the thing is i know completely nothing about trading and i am willing to dedicate my time to learning it even if i dont make a single penny
     
  34. Trading has NOTHING to do with your education!!!
    You do not need to have say an MBA to get into Swift too. The company hires some high-school graduates.
    Dedicate your time to learn?!! you sure about that? Besides, it is not that your willingness to learn is the only factor in trading. Personal characteristics, your trading potential...etc also play very important roles.
     
  35. I observed some awesome traders with high school dipolmas as their highest education. Ironically, there were people with MBA, masters degree, CFA II, etc who tried and never make the cut. Scarfy is right about the %, I revised it to 2,3 out of 10. Willingness to learn is great. To "learn" in this business means to get punished by the market and the willingness to accept mistakes.
     
  36. I think I will be working there.

    However, does anyone know if people can trade CME in that office? it seems all people there are trading nyse
     
  37. They have a few CME products available to trade. ES for sure. I'm not sure about the other ones. You'll have to ask the branch manager.
     
  38. Are they still paying out 20% there?
     
  39. Most People who have MBA's, PhD's, and other education that requires a great number of years in school often have a false sense of intelligence. In some careers if you have an MBA or PhD, you will make oodles of money, but when they attempt to do something related - as in trading - most of the time they fail. They think there education will save them in regards to trading, but it often kills them.

    For you people with MBA's and PhD’s, I am not trying to take anything away from you at all. I am sure you are all well respected in your fields of study.

    -Kastro
     
  40. How do fresh high school graduates get into trading in the first place????? Don't swiftrade have any criterias in hiring people? such as a degree requirement or a diploma. Sounds like it's easier to get into swiftrade than working for a burger joint.
     
  41. That's the point. Where else can you become a stock trader with NO EDUCATION? That alone will attract so many people to contribute to swifts bank account.

    -Kastro
     
  42. well i have an education.....finance degree.........i work with guys that have Masters degrees......and i work with guys that only have high school educations...........and oddly enough those degrees dont make those people better day traders than those without.....at least that is what i have found in my experience.......lol...and there is nothing an uneducated person cant learn about trading from all the wisdom and sharing that goes on in this fine website! :)
     
  43. i only lost 80 bucks today, but the manager there was so upset about it
     
  44. come work in my branch, my branch manager is cool..
    besides, all the traders always want a girl to be around in our branch.
    haha..just kidding, he should know that losing money is normal because he is/was a trader too..but make that loss valuable and analyze how you can avoid the same mistake or make the loss less. I suppose your stop out at beginning should be $50, so maybe it is that your branch manager is mad at your because of your poor risk management.
     
  45. I am making a few assumptions such as:

    Your probably trading 100 shares.

    Your probably trading slow moving NYSE stocks based on L2 and the ES futures.

    Your trainee stop out is 50 bucks.

    (these could be wrong so let me know)

    So how exactly did you manage to lose 80 bucks? How long does it take you to make 80 bucks back? Our manager always tried to preach 'staying in the game', risk management keeps you from being stopped out so you have more oppourtunity.
     
  46. What like picking arbitrary stop loss exits...how many times did i hear this at swift "when it goes vs you 3 cents ya gotta get out" LOL
     
  47. When your picking arbitrary entry points i think they kinda go together. Its not like trainees are making calculated chart-driven entry's based on anything. In my experience what you quoted is not a great way to make money as a trainee, i prefer no losses, commision only.
     
  48. Yeah when learning the delicate skill of credit trading the dimes and nickles...my comment was more in reference to the trading skill (or lack thereof) the manager has (at least the one i traded at). I would rank him at the bottom in the office in trading ability and i would probably bet it's comparable to lump other managers in there.