Mecro, I respect your opinion (assuming it is not an ad for Andover), as long as you acknowledge that you put money down at Andover. All firms now, including Andover (yes, I know people at different Andover branches/offices), require money down!!
They asked each of these new traders to put money into their capital accounts, otherwise they "dumped" them. Worldco was about the only firm (str8 daytrading, not institutional like First NY), that in recent months didn't require money down. But things changed between the time some people were hired in the middle or latter part of last year, and so some people starting in the last month and a half were given a choice between contributing some money to their capital accounts (and thereby sharing in a small piece of the risk, a smaller amount than about all other firms as a matter of fact) or leaving. Its ugly, but it was probably a necessary business decision.
bullet rates are coming down soon. Some other firms have deferral accounts for newer traders, while some others no longer do. If you have a lot of money in your account, though, you should have already negotiated your deferral down. this used to bother me a lot too!
Not only that, but Worldco doesn't have people putting posts up that are actually ads (like some other places), nor does it threaten ET like some othe firms, which I agree with you that if nothing else they deserve credit for this.
Anyone know what a new trader has to put down to join the firm now???? How much money to you need to put dowm minimum at Worldco now?? I';ve heard, anywhere from 1,000 - up to 5,000 dollars is their new minimum to get in the firm. Anyone know the real answer???????
I have learned a lot about Worldco from Hitman's "Uncensored" board, but it has been down for the last few days? Anyone know why?
Anyone know what a new trader has to put down to join the firm now???? How much money to you need to put dowm minimum at Worldco now?? I';ve heard, anywhere from 1,000 - up to 5,000 dollars is their new minimum to get in the firm. Anyone know the real answer???????