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    Traits of a top trader Re: Wordlco

    Lies? What lies? Every single trader we hire is told straight-up what is offered and what is not, and with the fact that we are one of the few firms that requires little to no capital contribution, what is there to complain about? I mean, you know what you are getting into before you...
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    Worldco LLC

    It seems that a lot of homers are coming out of the woods to bash prop firms. I have said it before, and I will say it again, as a newbie day trader: Your chance of making it starting out from home is about 10%. I will give you 15% if you have sufficient capital, and that's at least 50K...
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    Worldco LLC

    ***Tell us, do you recruit swing traders, and intermediate term traders? Do you recruit people whose strategy involves taking major position trades (major relative to thier buying power)?*** Yes, but you will need to have some serious capital (say you have 100K we will give you a million...
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    Worldco LLC

    Because 30K is not nearly enough to make a living with? Because a 5K loss and you are out of the game? Because 30K when max margined is just 2400 shares of a $50 stock, which is less than what traders with 30K at my firm trade in a single position? Because the 1% payout or whatever you...
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    Worldco LLC

    If you have verifiable experience and 30K you will probably start with 1000 shares, after a week or two, assuming you are profitable, it can go up very very quickly. Some of our biggest traders only have 30K in their account, and they routinely take on 5-10K positions, some even hold that...
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    January Trading Journals

    Cas: Really appreciate it, as I have noticed that news traders are still putting up good numbers in this market condition, as there is still sufficient momentum with news release. I play retracements all the times, can you give me some addition advices on what make the best...
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    January Trading Journals

    ***I never gave you any advice.*** Apparently a lot of people on this board feel I should print out the crap you put up at SI and paste it to my monitor so I can read it everyday. ***What I said was not taken out of the books.*** When it sounds like something I can get out of any book...
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    January Trading Journals

    ***Why? Please give some reasons. It's only been a few weeks into this new year. How can you already throw in the towel and assume everyone's destined to falter like you have thus far?*** January is the most important month of the year. Now how many people on this board are on track to make...
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    January Trading Journals

    Candle: Just went through your trades in detail, and of course, I have some questions: 1) Is MSFT one of your basket stocks? I remember you posting about it before and I would imagine that you are intimately familiar with the stock and its action. I have been desperately...
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    January Trading Journals

    As usual I will only reply to those worth replying to. Candle: THANK YOU for the first meaningful post since Brandon told me I should be looking at longer time frame charts, I will look through those trades in detail and I will ask you some questions. Really appreciate it. Bronks...
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    January Trading Journals

    Dottom: In the training manual I wrote for my team during my winning streak, on the first page I outlined exactly what I felt were the weaknesses of it, I even told them what I felt to be weaknesses of me as a trader. So yes, I do listen, but telling me my strategy has certain...
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    January Trading Journals

    Easy Rider: I have no problem with people posting whatever they want on my thread, I read it and sometimes I enjoy it and sometimes I don't. But it started with someone telling me that I should be thankful that all those great people are offering me advices, and I said I haven't...
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    January Trading Journals

    Candle: Look, I have been trading long enough to know what I did wrong when I have a bad day, if you want to be helpful, tell me what you did on Friday, let me see what worked and allow me to ask some questions. I will walk your dog and mow your lawn for that. If you are...
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    January Trading Journals

    Alright, most of the responses were garbage but I will take time to respond to those that did interest me: Duff: I am not looking for instaneous results as I know first hand that you will never ever be able to make someone else a successful trader. The best you can do is to lead him...
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    January Trading Journals

    OK, raise your hand, how many people actually made a dime because of something people said on this board . . . I am waiting . . . I thought so, when people offer something useful I learn, but I can not take blood out of a stone, and I can not learn anything from 99% of the members on this...
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    January Trading Journals

    There was a mistake with the first message of this thread, December was the conclusion to my first profitable year, and it wasn't my first profitable month. It took me 3.5 months to break even. As for help from other traders, let's just say I have not learned anything from this board that...
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    January Trading Journals

    ***You seem to to be on the defensive side of trading now & this makes it worse.*** Well I have to be, at this point there is no choice but to cut down the size and shots, I actually saw this coming toward the end of that 13 games winning streak when I was getting very small up-days and I...
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    January Trading Journals

    ***Use smaller size on the open to allow you to absorb the wiggles ... HDI was a good trade, since an opening gap fill strategy has positive expectancy*** It was hardly a heavy position, just 500 shares, and this is part of the losing streak syndrome as he went 25 cents against me...
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    January Trading Journals

    Brandon: Since I never do overnight (well what hell I will try 100 shares if I really really like something, until I become proficient anyway), would you say it is a good idea to place the most emphasis on hourly charts? (And use the daily chart as additional confirmation but base the...
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    January Trading Journals

    The week ended on yet another loss as I simply could not break that cold spell. The good news is that I definitely see the value of a 30 minute chart as additional confirmation to filter out approximately half of the trades. The lone good news is the market may finally force me to greatly...
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