Damn! I'm sorry that you don't have money at Worldco. Hell, I'd have snuck the bat into the meeting for you this morning. But don't touch the monitors. Those are assets. I won't mention what I WOULD like you to do with the bat, but I think you can guess.
People have been f***ed out their money, livelihood, etc... And all you can do is bash other firms, or anyone who has a negative comment about Worldcrap. Moderator lets Ban Chris Watts
What is it with groups??? Don't all trading firms start out as a group of individuals? If a group of traders were going to arrange a deal with a prop firm, do you think they have more bargaining power to go together to arrange a deal or by themselves. Hmmm, not hard to answer, is it. If you are going to go collectively to firm and negotiate a deal based on 15-20 million shares a month with a group or 800k on your own, what makes more sense? Is it better for someone that is a manager at a trading firm for people to arrange their deals on their own or with a group. It is more lucrative to a firm to hire 20 traders seperately then to a hire a group of twenty since the group of twenty have more BARGAINING POWER. What is Assent and all the other firms made up of anyway...GROUPS of traders. So when you say Worldco was done in by having a bunch a groups....well that is just asinine since if you extrapolate that comment...all firms will eventually be done in, which simply remains to be seen and something I would think you would not want to see. Worldco was simply done in by mismanagement and over expansion coupled with a slowing trading enviroment where their costs remained nearly the same while their declined. Although this explanation for their demise is rather simple. I believe to be correct.
Let's everybody cool it a bit. Yes, I'm asking ET members to show a little restraint, and dare I say it, a little class. People are obviously frustrated today, but please, no more bashing of any kind on this thread or I'll shut the thread down. Thanks.
isn't bashing sometimes part of healthy debate? doesn't it occasionally also make it entertaining, especially if the bashing is witty?
"well, it's hard to join a firm when the first question they ask you is how much money you're willing to put up...not how experienced you are. goes for both Bright and Ass-ent. also, Bright is RETAIL, not prop. they nickle and dime you for everything...treated like a customer, not part of the firm."---Watts Everyone who makes a move to a new company bullshits about how experienced they are, how much volume they do, and how much money they pull out of the market. It's really funny to listen to because when they are asked to fund their prop account...a measly $10,000, almost all of them say the same thing---"I really don't want to put up my own money" or "I was hoping to go prop with less than $5,000." All that shows is that they were lying from the start....so don't be offended if a prop firm asks you up front if you can actually fund your account. Volume
you clearly missed the point of my message (which doesn't surprise me). firms should be asking prospective traders questions about trading strategy, experience, etc in the beginning....not how much money they can leach off of you.
Better yet, all Worldco traders who have their money frozen, just walk out with all the monitors and pcs and all their assets. You got 2 weeks to do it. Then aution them off on the ebay and try to recover some of your money. God bless! p.s. Moderator, I agree that Chirs Watts has to go. He's getting really annoying now.