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I cannot quite agree with FaderTrader. I think fundamental does play its role even for intra-day trading, it will be ignorant to purely rely on technical or whatever price-action. For instance, a good fundamental under-valued stock (say trading at 75% of intrinsic value) may drop 3 days in a...

Good questions. Most of the corporate are institutional whereas props are retail. You learn to build models based on fundamental and technicals at prop. You are stick with one or two instruments in prop.

Does prop. trading experience really hurt your resume? http://www.elitetrader.com/vb/showthread.php?s=&threadid=69342 Please share your thoughts, positive or negative.

sorry, it should be 46.03/06

Got screwed today by ProsperPro. Got an order pending on ODP at 46.35 (Arca Bid). The order was not accepted as shown on my order log. Then PropsperPro shutted down itself and I had to log back in with my "unaccepted" orders. Two orders pending and not accpeted after I logged back in. I...

What is the time? location? event? looking forward for this.

Tums, you are definitely on the wrong page. The answer to all of the above questions...NO

Training at Swift cannot be more "standard" or medicore. No mentor, nothing..

A Prop. shop is a place where "Transactions made by a securities firm that affect the firm's account but not the accounts of its clients.". Some prop. shops demand desposit, some doesn't. A matter of policy. Actually, the whole discussion here is that Swift does not require any deposit in...

okay..so everyone done with this zero liability thing?!! Personally I think holding a month of paid-cheque is the best the branch manager can do (assuming that it is not zero liability), the BM can still take a large loss if trader decides it is the last month and screw around with his buying...

It's things like that make the name bad. A lot of new trainee come in without actually knowing what's the deal or the real problem is. I have to say there is something wrong with the way Swift advertises to recruit people (including having campus offices) too, but lots of people will judge...

B1010, didn't you get my email??

I don't know if the pay-out is comparatively low or not, but I think it is reasonable considering the no money down and no liability policies. Besides, there are incentive programs at Swift. In brief, the higher your net the more you can take. 35% for 0 - 10000 net 40% for 10000 - 20000...

You may be right landboy, the risk-adjusted return is low. Also, working in a full-time stable job will gradually move you up the ladder of the corporate world, just giving the time and relatively less-effort compare to trading. Corporates pay to train you, the job security is higher, and you...

Thanks for everyone's response in this thread. It is easier said than done to "have to be an open minded, to see beyond the regular view of the stock". I certainly know this is what it takes to become a great trader, but it is extremely difficult. Or everyone can be a millionaire by just...

Your potential employer in a prop. firm, may not like your attitude toward trading as being an "exciting" job/game. Afterall, trading is about risk/money management and there should be nothing exciting about it. Trading companies do not provide capital for his trader to have fun, right? On...

It's not that hard...traders can scalp, credit trading, taking momentum positions but no overnight. 8000 USD/month, average is about 400 per day. 20 ticks with 2000 shares or 40 ticks with 1000 shares?? But to make real big money which some guys do, they sequeeze it really hard and they are...

I just want to point out that Swift pays all traders across the world solely based on performance, not China alone. I made it clear that I am in Canada but a friend of mine who will open a branch in China. They have the internal communication network that branch managers and trainer can...

China has no minimum wage labor law. Swift only compensates trader based on performance, no base at all. Therefore, traders cannot persist if they cannot consistently profit and that is the selection process at Swift. Survivers stay only. I guess the industry as a whole as well. If...

Yes, Swift claims not making any money on execution and I do believe we have very low charge as well. But majority of the profit on the net profit from proprietary trading goes to Swift, split between the branch manager and the owners of Swift.