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since every firm values a $400/$500 per day trader(goal of firm). And since WLDC in no stranger to hiring newbies, How does worldco get a newbie from start to finish? is there a structure of training? describe. or is it the wacky wall crawler approach. throw them on the wall and see who sticks?

stoneroses posted a question a page back about the size an experienced trader can trader at Bright vs. say 30k in capital. Can you answer the same one in ref to wldc? specifics are always appreciated. Quote

Aries: People like me are out there shopping for a firm. Please do put this in perspective for us. Do you trade pro/prop, if so where? and how are things better? what comparisons can you make? hitman/wldc are more than willing to put up their side. Everyone on this board has an interest...

what was your reason for leaving? Hitman: your in the main NY office, right. How many of the 400 traders, on a % basis, around you have been there longer than you, newer than you? Aires comments imply that there's a revolving door at WLDC. Your input is always appreciated.

congrats on the Stock bonus.

Hitman: There is a lot of talk on this board about LLC owner's equity and trader's equity risks. How is Worldco's trader/owner equity situation? ie how much $$ does the firm have in capital?

can you give a quick refresher on haircuts. thanks,

Don, I asked the same question as Warrior back in the thread. please do enlighten us asmuch as you can on the subject. quote

she left me for a trader. If you can't beat 'em join 'em!:D

The idea of trading a prop firm's capital the same way you would manage a hedge fund's money sounds great in theory. but, wouldn't it be a problem getting the overnight leverage? Would a prop firm let a trader basically hold onto positions for days and weeks.. the way a hedge fund might...

has nothing to do with Worldco, or trading. Merry X-mas all:p Hitman: Worldco trades a ton of listed. Is it all done via DOT? What equipment or services are the bare bones minimum that a new trader can expect to start with? Any nasty desk fees or monthly usage $? there is no sharing...

Hitman, Beyond getting the job, does it really make a difference if someone interested becoming a trader at your firm knows someone on the inside? I read somewhere that you did not have a connection. Does the firm have support that teaches new guys how to use the systems, computers...

You and I are in the same boat. 1) you should definitely be looking. read through the old posts here. The ?'s you've had are answered in detail, though you will get many different sides, which is good. 2) Definitely don't leave your day job yet. This is tough, because like Don said it's...

I work at a big prestigous fund co. They pay high salaries to PhD's, IVY guys, etc. to do two things: 1) to figure out statistical methods of indexing as cheap as possible. 2) to pick stocks and bonds. the active mgmt does not beat the benchmarks often or consistently. *there was bragging...

here's a good tid bit that I picked up on in my never ending quest for the ideal firm; Heartland Securities is in Atlanta. There's not much on these posts about them, but they are definitely a quality choice for NAZ prop firms. check em' out.

Maybe this is not the thread, I went to FMB's Website. Can you describe your group's style of trading? I think the style of trading has a lot to do with success rate. From your posts I gather that you trade your using firm's approach. Also, what's the realationship between FMB and Van...

Mikbiz - any comments r greatly appreciated for my own clarification. thanks guys

can u comment on what was said by liltrdr on thread: Generic Trading LLC? R they talking Draw or Salary?

:cool: maybe do like me... borrow from friends, work two jobs!! really good question though. If you've got a proven track record, you maybe able to start a little hedge fund, and then get the ball rolling... sky's the limit.

All I can say is Oh Man! trash and bash is probably not the nicest thing to do, but Thank you to all the guys replying! Don I find it great to see a guy like you, Gene, and all various insiders posting on this board. Keep up the good work. I personally get a lot of value out of the...