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I have watched so many traders wash out within their first year of trading over the least year. Most quit, but some got "disassociated." I would estimate (very roughly) that 40% of people who started a year ago stayed through their first year, although of those that stayed past a year, many...

I interviewed with several firms before I began trading. Just as with other jobs, what each one was looking for varied by firm (or more specifically, by interviewer). One guy interviewing me interrupted me the moemnt I told him about the books I'd read and traders I'd learned from to tell me...

Worldco requires anywhere between nothing and a few thousand deposit to get started (plus a few hundred for your licensing exam tests and materials). They are fair with commissions (except when you start), although there are other firms that do as well or better. Trading size is not done by...

A lot of people saw OMC, but obviously not at the open. Once it starts tanking, at what point do you decide its gone too far, that its too much of a risk here. People actually got burned in it. Anyhow, those stocks are the abberations, caught mostly by the lucky people and, in some cases, the...

There are people who make $35,000 on really good days at Worldco too, whether long or short. But we're talking about a handful of people out of 800 traders, where most traders are making nothing. I don't know what BBOX did last week, but look at OMC last week. It tanked as much as 26 points from...

What I am saying is that many people, whether they are fairly new or not, whether they made hundreds of thousands in the past or not, are making $0. Many others, including those who made hundreds of thousands or millions in the past, are making in the low tens of thousands or less.

Of course, most people, regardless of style, are not making any money these days. Just have to mention that again to keep things in perspective.

The "heavy hitters" at WLDCO use all kinds of style. Worldco, unlike many firms, does not use or push any particular style (although some head traders/group leaders do). Good money is made so many different ways, often even within the same group. Even when 2 people learn a similar system, they...

Just for the record. As Daytradernyc said, some of the best traders (who made $2 mil in the good days) are making $500,000 IF ANYTHING AT ALL. In fact, maybe one or two people are making $1 million. The good majority of traders at WLDCO are making ZILCH!

Stock Rock 1, I'm sorry. I mixed you up with Treycool. That's what happens when a thread goes on for several days and I don't keep track of who is who. Still, no one at WLDCO is making $2 million this year (maybe a couple people are making a million or so).

Yo dude, there is NO ONE at Worldco on pace to make even 1/10 of the $20 million you mentioned (out of almost 800 traders). I know this not only from knowing who the top few traders are and having a general idea of how they are doing, but more than that I know this because the top 30 list is...

I forgot to mention that this has nothing to do with the connection. I am on a t1 line.

At is often not just a 1/2 second slow. For the last week, for example, I have been filled by the specialist but have had to wait up to, no exagerating, 10 seconds (multiple times) to see the print on AT. Sometimes AT doesn't even show the print (it skips prints). I feel like that guy in the...

You are right that people should worry mostly about their trading. However, when people deceive others, especially with regard to what they are making at a prop firm, then others can get hurt. What's more, if they are lying about the prop firm that you are at (you and I for example), then it is...

Goldenarm, The problem is as follows: 1) If Worldco doesn't give deals like that (commission and payout) for traders who are much more profitable, head groups and have much more time in, then they won't give it to this guy, especially since many people at WLDCO (and everywhere else) have...

Generally, I agree very much with rs7. Never has anyone HAD to go to college to successfully open up a business or trade (Even one of the greatest traders of all time-REMINISCENCES OF A STOCK OPERATOR-didn't go to college). However, for other fields, it not only helps, but is normally necessary...

StockRock1, where did you trade before. How successful were you? Cause you can't get a deal at WLDCO like the one you described above unless you are a seriously proven trader. No way, no how!!

I don't know if Treykool is someone who really trades for Worldco or not, but he is a total, absolute liar. There are only a few people at Wldco who can go 100 days in this crappy year and only have 4 (or fewer) down days, and this clown (who says he has only traded several months) ain't one of...

To make $1 million in a year, you have to clear an average of $4,000 a day (assuming they trade virtually every trading day, and any down day means one must clear $8,000 + the amount lost the following day in order to average $4,000 for those 2 days). And that assumes that you receive 100% of...

I think I know this firm. Send me a personal message if you don't mind and let me know the place. If it is where I'm thinking, I might be able to give you some info.