I've also heard that their training is excellent. I don't believe they're are hiring right now.
day8,
How bad was their commission schedule? Was it more than 1 cent per share? Maybe they quoted you a high rate because they are only concerned with bringing fresh traders that they can...
If there's anything you should have learned from every trading book you ever read, its to cut your losses quickly. Obviously you were wrong, and now you're going to take this loser home??? Ask yourself why you would do this.
You are fighting the tape. The chart looked like it was falling...
Wow! This thread is so old I forgot I started it!
WCOM, what office are you trading at? It would be of great assistance if you could get more specific about costs, payout, training, etc. Are they hiring?
ax
1) "Messing around with 100 share lots" is all you should be messing around with! You're a newbie. Do you think they're going to let you walk in off of the street and start banging around huge size??? I think not.
2) I think your assumption is correct in that you will not be able to...
If they offered you a no-money-down deal with reasonable commissions (less than 1 cent per share and no tickets or desk fees), then take it. It will take you at least a year to become profitable and then you only have another year left.
I wouldn't be all worried that you got a shitty...
Don, I'm not trying to be a smartass or anything, but why don't you post your firm's financial statements in PDF format on this site?
Any other props firms out there are free to do the same.
Axe
$5000 a month? That's $60K a year. I could make more selling cars, selling insurance, or working on the assembly line in Canada.
And to become a successful Swifttrade trader and only make $120,000 CDN per year? I could barely live off of that.:D
Tom,
I am also interested in doing something like this, but am really not an expert programmer. Is Access the way to go or could I also do this in Excel?