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  1. J

    Rumor - is Mac/Refco in trouble?

    I am in contact with people there. I didnt really 'leave' so much as relocate....
  2. J

    Rumor - is Mac/Refco in trouble?

    Guy I know who works at refco on the last grad program says people there 1 1/2 yrs still are not making money and refco have moved people back on the simulator from live. London office isnt great - I should know as I worked there for a bit - it was 1/2 empty most of the time.
  3. J

    How to get out ?

    I will give the consulting thing a try - you never know. Its possible but with only a BA (albeit a good one I think unlikely). Thanks for the suggestion. Bind I am in is I am overqualified for Mcjobs and underqualified for other jobs. I do worry how trading will be looked at - I dont...
  4. J

    How to get out ?

    I am a graduate I studied BA Economics and Politics.
  5. J

    How to get out ?

    That is certainly part of it. Firm I work at is actually really flexible - they have a guy only doing long term (Days/Months) trades. They have people who do a couple of trades a day. It is not all about Roundtrips. I am somewhere in the middle - looking to do maybe 4/5 trades a day - I can...
  6. J

    How to get out ?

    Cheers electric - I have worked at the bottom before - in bars, shops etc.... It really isnt that bad - most of the bad things associated with those sorts of jobs are because of the way people in those sorts of jobs live - gambling drinking and the people they surround themselves with. Once you...
  7. J

    How to get out ?

    Electric - I am not going to walk out with nothing to go to. I probably will be fired but not for a while yet. I am sending out resumes like crazy to find anything I can to support myself while I work out what to do - luckily there is a very tight labour market in the UK so the chances of me...
  8. J

    How to get out ?

    Thanks Lar - I think you are right in that I am generally unfocussed - I have plenty of talent but my motivation is highly limited - I am not pressed for time I have a couple of months at least before I will probably be fired. This is if I cannot show any profitability. I want to leave before I...
  9. J

    How to get out ?

    What makes me want to get out most of all is the fact that I have learnt roughly 80-90% of entrants to the firm dont make it. This wasnt what I was told at interview. They say this fact is irrelevant but I disagree I think it represents the 'edge' of the firm. My trades have no positive...
  10. J

    How to get out ?

    If only they would hire me !
  11. J

    How to get out ?

    yes - I have a Oxbridge 2:1 but I have no real experience. This makes finding things difficult... It is really hard to get a job as an investment analyst - though this is what I am looking at - even though I want out of the whole investment arena ASAP !
  12. J

    How to get out ?

    Hi I am a British prop trader. I started three of months ago on a simulator and have realised it is just not for me. I do not have the balls to accept the risk and I hate the volatility inherent in trading as your only source of income. I really really want to get out as quickly as...
  13. J

    Futex - Legit ?

    RE: Investment banks - yeah I could apply I did a while ago - I doubt I would get in without a masters / work experience. And even then it is a long shot - they get that many applications it is just a lottery ticket. I do have contacts but I would never use them - not in my nature. Self...
  14. J

    Futex - Legit ?

    Yeah office is above a waitrose - but inside it looks all right - weirdly laid out but allright. It isnt in a dodgy area at all Weybridge is one of the most expensive places in the country. The office is pretty much in the centre. Though I should think it would cost less than a Central...
  15. J

    Futex - Legit ?

    Sorry this is a bit muddled but it is difficult to remember details. Views / what other people remember would be appreciated. Lots of people apply for these sorts of jobs - so quite a few must get interviewed - doesnt anyone else ask these questions ?
  16. J

    Futex - Legit ?

    In their defence I am not sure whether the guy who said that was a trader or in charge of accounts - could just be a matter of finding right person to talk to. Plus from the owners point of view they would know how much they are making - but not what everyone else may be.. The 70% figure...
  17. J

    Futex - Legit ?

    Yeah what you say is true. But the training is as they say for 2-3 months. This has got to cost them money to do. I know there is a decent investment going in there. Then they have infrastructure to build - network, PCs / monitors / Bloomberg . I dont really know details of this...
  18. J

    Futex - Legit ?

    Hi I want to find out more about this firm. I have been made an offer to learn to trade with them. They are in Surrey / London. They told me Macfutures clear them and help them with training. They told me circa 70% of their trainees succeed. What concerns me is that they...
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