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What do you think average capital per trader is stuck in the Worldco "Evil Empire"? $3000, $10000, or more?

Just curious... was anything mentioned on CNBC about Worldco today? If so, I'm sure those fuckers said it with a smirk on the news that a large daytrading firm was going under.

I checked out the website and brochure, and it looked like a whole lotta snake-oil to me. People selling seminars for $695 in this market??? Pleeeeaaasssee! I could be wrong though. Ax

LOL! I better not insuate anything else involving baseball bats. I don't want the NYPD showing up at my door....especially since I live in CANADA! Axe

If I was at Worlco right now, I'd be sick to my stomach ready to barf. If I couldn't get my money out I'd probably walk into the office with a baseball bat and start smashing monitors.

Can't some of the Worldco traders hire a lawyer to freeze all of the company's assets to keep them from being funneled offshore? How can they just sit their idly by for the next 2 weeks. Any lawyers out there?

Someone mentioned in old thread a few months ago, that a trader should worry about his trading rather than the firm because "it is much more likely that he will blow out his account before the firm goes bankrupt".

So true Agent Smith.

Let's be realistic here. Most traders' main priority is finding a firm with the lowest rates and the fastest executions/software, not the safety of the firm. Most traders don't have negotiating leverage to walk into a firm and make demands. For newer traders coming out of college, their...

This is bullshit. Most firms will not allow anyone off of the street to come in a "check their balance sheets". Furthermore, if you were able to check the firms sheets 2 years ago and they were fine, what good does that do you in the present? What, are you expected to check up on them on a...

Oh, and I want to be the first one to predict that Hitman ends up with Bright Trading.:eek: Sort of like Luke Skywalker realizing that Darth Vader was his father! :)

That is fucked up!

Ouch! This job ad was pulled from careerbuilder. I can't believe Assent would put "ATTN: Worldco traders" on their ad. Pretty funny. Axe :D

Hmmmmmmmn, This sounds oddly familiar. I won't mention any names, but it sounds like this firm is one of those liquidity trading firms. Any guesses?

Yes, 10% of my 30% in a holding account upto 10K. So really, my net is less than 30% initially at 27%. If that's the case, then its a scam. Unless of they're willing to up your payout to over 90% once build $10,000 into your sub-account (but somehow I doubt they are). IOW, is there ever a...

30% is really low. And a 5-year non-compete? Unheard of. Are they charging through any other costs to you?

I haven't heard anything good about Swift, but could you expand on that for us?

I couldn't 1 minute charts in the morning .

Hyp, I wasn't taking a shot at you...I agree with you. They were arrogant. I remember reading in college that their model did not include the possibility of a volitile market or a market crash. (It also didn't included trading costs or slippage). Peace, Axe:)

Do you think Merton, Scholes and Meriwether used sit around their office high-fiveing each other screaming, "WE DID IT! WE DID IT! WE BEAT THE MARKET! " ??? :D