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This is true, except there are many, many people who have put in years and tons of time and hard work and still have made almost nothing.

As someon who has money in a prop capital account, I can answer that. You get in line like all other creditors! Plenty of traders lost tens of thousands when the chop shop companies were closing day in and day out in '01 or '02.

True, although if someone goes through their capital contribution but is at least making money gross, the firm normally will not ask for anymore contribution.

The people who got fired after only a month or so hadn't put money down. WLDCO made a very deliberate decision recently that all new and recent hires needed to contribute a few thousand in order to share a part of the risk. It seems kind of wrong to spring this on people who'd already been...

WHAT YEAR ARE YOU TALKING ABOUT? Hold Bros does require capital (from proven and experienced traders at that), and no longer gives a draw!

That's why they just dropped one of their floors, and more may follow I heard.

So why did you bring it up and talk about it?

Confidential or not, why don't you address this other guy who is lying in order to slander a company.

Actually, many high volume traders won't even look at the open book and don't trust the "open crook." There are still many games with it, by the specialist, daytraders and institutions. Also, many high volume traders use bid/ask as only one minor tool in their trading.

Hitman, like many head traders in this environment at many companies, actually didn't even make money on his team until a few months ago, and probably no longer (so it took over a year for him to collect a check, and now he probably won't be getting one again for a long time, if ever).

I think that's BS what you're claiming about your "friend." I'll know for sure if its BS soon enough!! As far as Hitman's trading, sometimes he may trade too small, but sometimes it may be the sign of an intelligent guy holding back. After all, any idiot down in his account can trade big size...

Ah, I should've just copied and pasted this!

That would explain why some of their guys were starting a fight with some of the regular traders the X-Mas party yr and a half back. They must be low class!

Hard to believe. There is so much BS flying around, by people ripping WLDCO unfairly and people going overboard the other direction!

I heard you don't have any capital in your account. I heard you were at WLDCO twice (first time in Hitman's group) and never made any money, just complained. Is this true? If so, you aren't gonna make it in this market anywhere else!

They have multiple risk mngmt people, so they fired the one with the highest salary. simple!

Totally!!

True, but that's an understatement! Many of the best traders don't look at it, even when they have access to it. It can actually screw you up and shake you/scare you out of good positions, as well as get you to rely on bad positions because of false orders or long cleared out orders that aren't...

If you trade any decent size and calculate the fee at the end of hte day, you'll know that it adds up! Either you are a super multi-millionaire, or you hardly trade.

Uh Oh. You said the "S" word. What's the matter with you, you stinking pessimist. You are never supposed to say "sucks." Everything you say is supposed to be like the analysts of the 90s: "Things are great. Jump in, the water's fine."