Just a comment. Although I have not been a fan of Mr. Beck's business model, his partner, Charles Kim, actually attended one of our training sessions (many years ago), and seemed like a stand up guy. Just remember everyone...this whole trading gig is YOUR BUSINESS[/b} - which you should treat like any other long term commitment...do all the due diligence, don't expect anyone to "give" you anything for free, etc. But, if you go about this in the right way, you do have one of the best opportunities on the planet. Don
Congrats asstard - because the exact opposite is what most of the other prop houses are running - wonderful software connected to a cup and string or even better yet - a satellite dish. Yay!! So what you have is a glacially slow connected, expensive software platform which, even if up 24/7 for 330 days a year, will never get you a trade even 1% of the time because your quote and execution speed is 2 minuntes beind everyone else - which is the same pile of shit - just a different flavour. I'd rather have the odd outage with great speed than be up 99% of the time but get ripped on every execution 2 cents out of market and thus - never make a dime or have the opportunity to. You should go and trade futures - it's more your speed apparently.
Wow, where do I even begin with this one?....... "Asstard" that's very professional coming from someone representing head office. You need to immediately stop irrigating yourself with all that SwiftTrade Kool Aid. A sip now and then is alright but you sound like you've been guzzling it like some guy thats been wandering the Sahara for seven weeks or in your case seven years. So, my quote and execution speed is 2 minutes behind everyone else? Such hyperbole. I assure you my Nasdaq Platinum Certified platform even when connected to a simple cable connection will run circles around the rubbish you call software. I prove it 5 days a week. Check the following link........... http://www.nasdaqtrader.com/cp/ I didn't see ProsperPro anywhere on the list, not even on the Bronze list. If you put it up for certification it wouldn't make the list and you know it. Unless of course in addition to the Platinum, Silver and Bronze rankings they included a ranking for Pyrite. As to your last comment on my trading. What do you know about trading? We all know the only thing you trade is Pogs on Ebay. If you paint a garbage can gold, it's still a garbage can.
Speedyj this thread was ONLY created for the intents and purposes of BASHING swift no positive comments allowed as we know they are all lies. who else noticed that they axed elitetrader from swifts list of sites we could go to? sounds like a company who is extremely confident in their POS software prosperpro, as well as the excellent payout, or maybe it just rubbed peter the wrong way that while i trade his software i am looking at threads telling me what a useless piece he is.
SpeedyJ, (Randy) Nice and all you work for head office and think the world of your connection speed and software. If you are looking for a raise or a promotion or are just doing Beck a favor go ahead. You weren't much help when I was there but always had good excuses why the system was down or 2 hours later an order would show up. Never really got to say thanks. That Pisspoorpro software and your crappy connections cost everyone I know w alot of down time and money, almost daily. Sometimes we would come in before market and it would be like well no ETA so sit here with your thumb up your bums and wait. Please tell me why all the Swifties are dropping like flies from the Canadian branches. Title is doing a damn good job with great connections and great software. Sure there are a few issues from time to time but to compare it to your superstar platform is a joke. Peter can blame whoever he wants but nothing is going to change. People need to make a living and a decent trader can earn double by walking 100ft down the street. I know the group of us that left our branch netted around $400k last month. Oh and just so you understand the size of the group it is 5 traders. The most we could ever put together under Swifts BS rules and BS software I'm guessing was around $70k. Pretty damn good for connection made from fishing line and the little plastic cup. Our connection has failed maybe half dozen times over the last few years, and every time I hit the key I get shares instantly. All that and a better payout over an internet connection trading from whereever I want in the world is far better than coming in and being tied to a chair with an MPP that moves around every day. Good way to punish traders for slumping and leaving them unable to get it back when the market comes back in there favor. Oh and asstard I'd rather have the best software according to an exchange I trade, be up 99.9% of the time, have the best speed ever according to the exchange I trust, receive every fill when I hit the key, NEVER have a "mystery postion" (those are well known at Swift) NEVER have a grey box, Be able to remove any slow or stuck quotes manually, recieve a payout of more than double. Trade however the hell I want after trading for years. Trade anywhere in the world, and be able to tell you exactly what I have with my firm. Seeing you like the word asstard so much can you please tell me again what the Swift advantage is for an experienced trader. We all know you are a great school, but like all the branch mangers know in Canada and like I have been saying for years you guys can't compete. If you would rather have the odd outage with great speed than have what I listed above you are seriously ill. If you actually tried trading and risking a lot of money you would not be so quick to put such crap on these threads. Not to mention there is not much support on here for you from experienced traders. One by one they drop and if you guys wanna keep going that way I don't really care. Like I was told time and time again everyone can be replaced. Well the 400k lost last month from the branch I was at I am betting was much needed. I am also pretty sure he has not replaced us yet either. A good guy like that who cares about his traders loses them all and the big guy at the top could care less. Oh and better yet he blames the branch. Makes me sick MM
Milleniumman, you guys thought it was bad when you were there? When millenium was at its peak and people all over Swift were jacking size these idiots still did not have the common sense to say, hmmmmmm maybe its time we do something when our software is literally costing us 10's of thousands a day. Randy you should really change your nickname, you just lost any credibility you ever had saying swiftrades software was better than anyone else, hell i could probably day trade better by calling a broker and placing an order over the phone then using swifts software. Try trading a strategy where you move stocks around and having software go down all the time, i believe at the high point our branch experienced over 20 GBOLS in a day, so you got 2-3 orders of 10000 shares on a stock and the shitty software locks you out so that you cant even cancel, real fucking smart. Then not only that but since they dont actually give a shit about other peoples time they give out horseshit ETA's when it does go down like "we will be up in an hour" then an hour later its the same thing "we will be up in an hour" all because peter beck is a greedy prick who didnt want anyone going home if there was a shred of a chance we might be back on line, that could cost him a little bit of money out of his millions, and he would have none of that. Randy you and the rest of headoffice are everyone elses joke and you will get what is coming to you one day.
lol, this guy is awesome. besides the constant grey boxes and the orders that magically appeared in my blotter hours after i was told i didn't get filled, was that the connection wasn't superior than my basic $40/month broadband. I know there was some expensive internet connection at my swift branch but that sure didn't help me get filled when there was a burst of volume. i recall complaining for months that every time a large cap stock broke serious resistance like a fig break the order wouldn't hit the level 2 for at least 5 seconds, but usually 20-30seconds, and by that time the quick cash was over. I remember my branch manager saying to me every time i complained that swift had faster execution than anywhere else... well i started trading at home half the day on my regular broadband to test out how trading on my own was. i would go to swift in the morning and make a little bit of cash and than leave, or leave once the grey boxes got too bad (whatever came first.) I caught fig breaks way more often than i did at swift right from the get go, the misses were mainly due to slowness on my behalf, and only occasional slow downs from massive volume (way bigger volume was necessary to slow down the quotes compared to swift) So speedyj, you can continue your propaganda or maybe your dumb enough to believe what you say, but if you try to boast about swift superiority on elite your going to run into a lot of people who have experienced Swift's "superiority" and we won't let the propaganda go without opposition. Swift will only last for so long because they are not keeping up with market standards, and frankly most people don't want to work for clowns like you (speedyj) and beck. I hope you continue to respond because i find it very humorous and reminds me of my time spent at swift
The word on this is that people were "could trade their own accounts on Swift trade so access had to be removed". Although Swifttrade does have the word 'trade' in it, I figure it'd be bad business practice to give reviews of competitors software and sponsor links to trading firms on your own website. In my limited time on the site I can see a lot of people have strong opinions about swifttrade, mostly negative. And from what i've heard these opinions are justified, but it's easy to forget that 80% of the people that come into swifttrade don't post here. That's because they didn't continue in trading - at least the day or swing trading side of things. Everyone that managed to move on from swifttrade can do so because they were able to develop the skills to trade from there. Swifttrade is a buisness whose purpose is to make money - it's advantages are structural in the sense that it provides leverage, no capital required, and relatively low commissions. If you get to the point where you no longer require any of those I don't see why you should take home a lower percentage of what you make; all the power to you - hence many people here being more successful after leaving. But at the beginning Swift simply provides an (1) entry into the market and (2) freedom from capital loss minus opportunity cost, and because of that it probally offered a lot of people a better start that they would have otherwise.
i quit a little over a year ago, and it was getting pretty bad the few months before i left. the 20+ second lags were on big things like msft doing a fig break that it hasn't broke in months i agree swift was a good place to learn, but now that title is around swift has no purpose. i would have rather learned to trade at title over swift for sure