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Traders take a portion, 35% min. in Canada and 10% min. in China of the NET income from proprietary, after clearing and comission fees. But all trading capital is provided by the company including in-house training.

Instead of 35-60% paid out, the minimum paid out for branches in China is 10%. Say a trader makes ~ 8000 USD, his paid cheque will be 800 USD, which is not that bad considering the living standard in China (not city). However, everything is paid by the branch manager including entitlement and...

Thanks Matt, really appreciate someone supporting of Swift. I do want to learn more from the other branches, and I believe the possibility to make money is there.

I appreciate your courtesy to offer help, and sorry if I offend you that you are initially trying to help. But I found it frustrated with people playing jokes while I am posting for a serious question. Anyhow, I speak sincerely that your reply did not really answer my question, I understand...

"pounding the pavement"..haha, I think you got the wrong guy because I have not been to HK since 6 yrs ago, back in the days when I was still at University. your interpretation of mathematical ability, computer expertise, interest in the markets, knowledge of derivatives are really really...

ET is really going downhill.... :(

I am a 25 yrs old trader in a prop. shop, so I guess my opinion can reflect your son's mind more closely. You cannot really control what your son wants to do as he is a grown-up. You should also leave him some room to do whatever he wants even though it may not be good to him from your...

huh....nobody can really offer any opinion to my questions but a lot of people respond to the "car thread", surprise me about how rich traders on ET are....ha ha Is this the wrong place?

good to be a young graduate with rich parents who possibly can provide you a good network to land a good job. But seriously, you do not want to get to freshy as it will get people around you jealous, even your boss...(of course unless your boss is going to be your father)

I have been trading at Swift for almost two years. So far I am doing okay with approximately 10,000 net per month this year (take home ~3000-4000 USD), I know i can do better. The business structure of Swift has become mores hideous since it lowers the hiring qualification and constant system...

One thing I don't know if any swift trader notice is that having the level II on the bottom half of the screen will make your neck feel less stiff at the end of the day.

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...

like what? banging the table yelling Fxxk? haha... just joking

Yes, anyone will like to share the idea to make your resume look better from Prop. shop experience, say to land an operational job or financial analyst?

Tape reading... Anyone think that specialists actually use this to provide false signals? and that specialists get the good fills and ignoring your order totally? any experience with these?? I will love to hear some of your NYSE tape reading since I am also a NYSE trader (less than 2 yrs of...

I finally realize people on ET don't really know what they are saying. Please do some research on the CFA before stepping into "doing it" First I think you should check if you are qualifed to write the exam or not, second, check the exam dates, level II and III are not offered in Dec., but...

I usually come into the trading floor at 9:00 EST, and spend that last 30 min. to have a final check on the upgrades/downgrades, earnings, news, futures fair-values, ECN activity as that specific time is the most updated before the market opens. Before driving to the office, I spend roughly...

This cannot be a better description of how this buz is going. I wonder what alternatives day traders have, with or without a degree after this game.

I was a subscriber of IBD, but I didn't find it insightful in my trading style. sorry, but I have problem locating "making money section".

I trade stocks with at least over 2 million shares on avg. I am looking for a systematic way in picking day trading stocks. If earning is your criteria, then where do you find that information and how do you systematically do it to save your time everyday? It is definitely not possible to go...