Anyone hear of Main Street Trading Company?

[Tradeindia]

Quote from zdreg:

lousy executions will nearly always you cost you a lot more than higher commissions.

your assumption concerning working for them is both stupid and incorrect.

Tell me of any prop firm that gives lousy executions on direct access platforms? There is no reason to ask this question...

I assume you work for them at jumping at me for asking the commissions, then insulting me.

 

[zdreg]

Quote from Tradeindia:

Tell me of any prop firm that gives lousy executions on direct access platforms? There is no reason to ask this question...

I assume you work for them at jumping at me for asking the commissions, then insulting me.

you are a schoolyard kid by inferring that i am liar. told you previously that i don't work for them. furthermore you seem to have a thin skin if you took the remark personally as was i was careful to comment about your remark and not you.

'Tell me of any prop firm that gives lousy executions on direct access platforms? There is no reason to ask this question..."

you are obviously clueless about the industry if you believe that all platforms are equal and that all orders are directed in the same way.

 

[FixedGrin]

Quote from sung1contrarian:

I saw an ad on CL for a prop firm
...
Thoughts?

that's all I had to read to know that they're most likely a joke. I have found a job before on CL but those are for entry level positions, so why spend the money on an ad when just about anyone will do? If they are looking for serious traders, there are more serious venues for that.

 

[sung1contrarian]

Thank you for your opinions. I agree with the skeptical sentiments.

Quote from Tradeindia:

What are the commissions like?

They said it was the standard TOS rates. You can check the TOS site for specifics.

 

[sung1contrarian]

Quote from FixedGrin:

that's all I had to read to know that they're most likely a joke. I have found a job before on CL but those are for entry level positions, so why spend the money on an ad when just about anyone will do? If they are looking for serious traders, there are more serious venues for that.

I agree that CL is not the best of options to look for these types of positions. Where would you recommend I check out for more legit leads?
Thanks.

 

[sung1contrarian]

Quote from jheacock:

I sat through the webinar last night. Sounded pretty good until they started trying to get everybody to pay the $575 training fee within the next 30 minutes.

Glad to hear someone else here sat in on it
Yeah I LOLed when I heard that. Made me think of late night informercials. I submitted a bunch of Qs but they only answered signup Qs. I'm guessing you didn't sign up? I did get an email from the presenter asking what they can adjust on their presentation to make me sign up. Planning on sending some detailed Q list and see what I get back.

I did look up the trader covering the NY area on LinkedIn and he apparently is currently a financial advisor at Merrill Lynch.
http://www.linkedin.com/pub/larry-deangelis/18/9a2/45

 

[jheacock]

An similar alternative would be TopStep Trader. They have clearly defined criteria to become funded. They seem more credible and have a lower fee with similar structure.

 

[FixedGrin]

Quote from sung1contrarian:

I agree that CL is not the best of options to look for these types of positions. Where would you recommend I check out for more legit leads?
Thanks.

to be honest, i don't think many legit trading groups need to advertise that they are looking for traders. you'll have better success researching successful (or stable) trading groups and then trying to contact them.

 

[hilojack]

Any prop firm that charges for training is a scam. Period. Chances are you will NEVER pass the test, especially since they don't give u the criteria in advance. At least topsteptrader tells u what the criteria is, problem is its so stringent that you're set up for failure.

 

[Rocco11]

I agree completely. Never pay for education. Screen time and experience are the main things and that capital you spend on BS education would be better spent in your trading account. These firms that say no deposit required but you have to pay 10k for their education and you can trade with their capital are scams also. I trade with 2 former SMB guys that weren't profitable the first two months and were let go and they kept all of their education money. Read as many books, buy as many videos as you want, just don't pay thousands for that same information from a firm. Save your money. You will need it.