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Those numbers are off, they have changed the percentages around and are higher now. But keep in mind, those are ONLY if you do not contribute any capital, if you put up money you get a much better deal.

You could try looking into Schonfeld, not exactly sure what their requirements are though.

When I was looking for a position out of college I found that as long as I put up $5k I could get a "job" as a prop trader. They give you the shot to trade with your own money and once its gone, either front another $5k or leave. They don't loose. What you should be looking at is your buying...

One of the fancier Trading Room's I've seen (Bentley College). Scroll to the bottom of the page to see a few pics. http://atc.bentley.edu/facilities

Midtown works better for me too

I'll leave mid-town at around 5 and take the subway down. Light jeans and a black coat.

I think a question you should ask is, where are you loosing money? Don't be in a hurry to get through the 'beginner' stage faster than you are able to, determine what trades make you loose money, and try to limit the number of times that happens. Stop trying to make money quickly and work on...

I just got home and found out about this, so a little too late for me to make the trip back into the city. Hopefully next time I will read up on things a little sooner.

I have just started trading but would be nice to meet some people in the area.

A possibility is briefing.com, they have a page 1 which gives you a run down on before market, mid day and afterhours, also gets you all your information for the economic end.

With those payouts you are also getting a salary and huge buying power. Position trading primarily, not scalping.

I'm not sure why Hold would only take 1% From what I have learnt is they are going to take more like 50% of your profits. Their payout is lower because you are not putting up any capital, it is all their risk. Caliber will give you a better payout of 80% if you front $5k. With Caliber both their...

I've met with Caliber Financial, had a very nice experience with them. I sat down with the Director of trading there and while you do have to put a capital contribution of $5,000 to begin trading, it seemed like they were very willing to help out and train people. Seemed quite a personal...

I will be joining Opus' training program in July. I took it mainly because right out of college I needed to have some sort of guaranteed income and that was the tradeoff versus higher payouts and cheaper rates. Other firms may give you 95% of net and upwards with cheaper rates, but if I can't...

I have talked to Trillium and everything is pretty much the same as what Stereo70 has said except they do pay a salary for 1 year, and then it becomes a draw. -CTT

Brokerboy - my apologies, I got ahead of myself. You are correct on the overnight position holding and them being part of Shonfeld. As for salaries, I know Trillium offers salaries, according to their site and people I have talked to that have interviewed there. Opus will be starting to pay a...

Yes, at First New York

I was talking to one person who has/was going to interview with them and he said they have a $55k/year salary but you don't really trade until your second or thrid year, you are more of an assistant up until that time or are in training. Don't take my word for that though, it is a very tough...

I think your data may be slightly off. Opus and Trillium are different companies, although both under Schonfeld. They both pay a salary as well as a payout on gross and/or net during training, which is higher than what you believe it to be. At least one of them also encourages taking some, not...

I don't know if that would be the best way about it. The people I have been meeting are more interested in training me their way, not walking in there with a set knowledge on how to trade. As for the musical side, in a few of the interviews they have asked if I am a musician, could be something...