Search results

The REAL story is EliteTrader will lose many visitors. Simple as that.

True, but at the same time, they need people like Hitman to provide the content to attract visitors and keep them coming back. A website with tons of advertisers but no content is no better than my five year old sister's personal webpage.

Not completely true. Firms like Worldco, which is basically the only true "no-capital-necessary" prop firm on the street, cuts traders each quarter regardless of whether they are making money or not. They've been doing this for several years now (even during the good markets) I believe they...

this guy is in for a very rude awakening. muahahahahahaha! but seriously, this is very common for beginning traders who tend to trade high volume with little net gain per trade.

That's pretty harsh, no? I know a guy at Worldco who is up only 20k gross, down 15k net and hasn't gotten any "pink slip" calls (been there almost a year). I guess he survived the recent cuts. However, he tells me that over 200 guys at the firm are doing worse than he is (that's what...

Hey guys, Thanks for the great info! Really appreciate it. It seems as though the term "proprietary" has been bastardized beyond recognition. Trey

What is the definition of a proprietary trading firm? Why does Bright Trading call itself a proprietary trading firm? They require 20-25k capital up front from each trader...of which your losses will be deducted from. The firm takes no hit whatsoever and "conveniently" asks for more capital...

Well, for someone to attempt to make a big stink out of SEC fines regarding minor things such as margin and short sales is pretty lame. Obviously the guy hasn't been in the business very long and is attempting to look like a smarty by quoting such things. Sad thing is... he just ends up...

This is peanuts compared to what the big guys (Goldman, Merrill, Morgan) are getting fined for on a DAILY basis. Anyway, if you actually have read the article, you would have noticed that it has nothing to do with their proprietary trading arm. I agree with Hitman, it is free advertisement...

Saico, Bright Trading is not a true proprietary trading firm. They treat you like a individual retail client. Try Schonfeld, Heartland, Blackwood, Echo, Generic.

Shortee you are such a loser I can't imagine you having any friends. (It must get lonely, huh?) Why don't you try finding something better to do than wasting your time on the internet insulting people due to your immature insecurities.

Who let this 5-year old in here? Geez, can someone shut him up please? Or is there an ignore user function? This guy does nothing but bust on Hitman.

Hitman, Most successful traders needed several years to fine tune their trading. Why burden yourself with managing a team of rookies this early in your career? This is the time you should be thinking for yourself only. My suggestion to you would be to dissolve the team and go back to...

Great followup. Thanks for sharing. Sorry for being a bit harsh on you before. Keep up the great trading.

averaging $2000 after only being with the firm for 3 months...especially in this crap market??? something about this guy makes it VERY hard to believe. this guy only seems to be bragging about his profits in each of his posts. never any insight into his trading. dunno, if he's the real deal...

Is this supposed to be funny?

Dunno...something smell fishy. Anyone care to share some of his so called secret strategies. Or is this one of those bloussant / longitude-capsule type hoaxes?

these are really dumb generalizations. wake up, it's the 21st century! as a trader, you should know better...

Well, reading through the "Traits of a top trader Re: Wordlco" thread, I am completely embarassed. What has this industry come to? At least at the firms I used to work at, all traders were treated with utmost respect. This here looks more like a 1st grade playground. Gosh, where do these...

Hitman: Not that it really matters, but I'm just curious. How diverse is Worldco in terms of ethnicity? I've noticed in my past interviews with prop firms that traders end up getting "clumped" together based on ethnic background. Is this true at Worldco?