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Terrific but considering you are being compensated by a management fee on total assets, what do you do when new money comes in ? Also you have assumed you exist in a vacuum with no expenses or employees.

Yeah, considering you're in Chicago I guess they can get away with that kind of crap. If I were you I would try to come up with the capital and talk with Assent or someone else up there.

I might also try to get in writing the exact training they will supply. That way if they don't live up to their end, you can claim grounds for voiding your contract.

That is true with any position, in any capacity, with any employeer , anywhere on earth. The employeer always assumes a risk of flight. I have never heard of a contract that tried to restrict your choice of profession. The thing you have to remember is the odds they want to go before a judge...

I would ask them what their reasoning is. No judge in the world would hold you to that contract. Are they a prop firm that requires an initial deposit of capital ?

Who is this with, that is insane. No I have never heard of anything like that. That would never even be enforceable.

Sure you have a shot and a high GPA never hurts. I depends on the type of trading you want do. If you want to trade equities try to go with a firm with a NASDAQ Market Making Desk, you can make a nice living there. You must be careful a lot of jobs with the term trader are nothing but typing...

It sounds like you have it correct. I am assuming by show you mean moves.

Look to be honest if you want to be a broker start by showing sales success in a different industry. If you want to manage money you are flat out kidding yourself, you will need at least an undergraduate degree and either a CFA or MBA.

Pointers on trading or pointers on attracting a trader as a high class call girl?

Actually I have no idea. Is his seminar is not at an Airport Holiday Inn he is probably OK.

I heard Mr. Alexander likes to post here under the name traderjp and pump his own seminars. Anyone ?

Man you don't know anything about the brokerage industry. The guy you are talking to is a saleman period, all he does is talk to clients. He hands your trade to a desk of pros and they have zero incentive to screw you.

Traded Fixed Income for brokerages and banks. Pros: steady pay, lots of stupidity to chuckle about Cons: There is nothing more arrogant or lost than some idiot banker who just passed his CFA. Got tired of being a professional babysitter.

You are correct payment for order flow hurts no one. The price will always match the inside quote and often be between.

Did the original poster here actually say " the initial reaction sets the trend until the next meeting" where on earth did he get that. What the heck have you been trading for a month, just passed the 7, reading charts looking for answers ? Everyone on earth knew the Fed would target an...

I thought these tests went out years ago. The problem has always been the same person will answer the same questions differently depending on their given circumstances at the time they take the test. In other words raise the temperature in the room by ten degrees and you will get a different set...