Echo Trade, one of the best firms out there

Quote from tomf:

Hi,

normally I wouldn't care to reply on such a biased thread but I've just been out and had a few beers so I hope you won't care if I give my 0.02cents.
Beyond any doubt Echo provides a good "climate" for traders, they have structure and professionalism as foundation. But (I speak of 1 year experience of trading with them) they carry out ideas from traders, etc. on a very slow basis. Let me give an example...
I offered them to make their new website... I was told "we have something going". Look what they have now... every professional website designer would close his eyes (I made GreenTree's). My offering was one year ago!!!. Same for a chat for internal traders.... we have something going ... I know that they don't have anything yet.
This market environement demands that every company offers its traders everything possible to achieve his goals. Every trader has it's own strategy, style and way of trading this market. So it's the company's duty to help him with this effort. This is just something Echo doesn't provide at all or lacks behind other companies. Hence my conclusion is that they don't offer the responsiveness a company should have in this business whereas they would have a solid company foundation as basement. So, my opinion is... If you want an "old settled" company with solid foundation, Echo is definitely an option .. but as soon as you want to be treated as real customer and want your ideas to be fulfilled (which is essential in this market environment) better look twice before you pick your choice

So what is it that you do? Build web sites or trade?

I will go easy on you since you admitted to being under the influence, and I certainly don't mind if you offer us your two cents. I will take issue however, with your claims, statements, irrelevant comments and possibly your grammar and composition.

What kind of example is the amount of time it takes to design a new website? What does that have to do with carrying out a traders ideas? What does that even have to do with trading? Once again, I ask, do you trade or build web sites? If your idea of a traders idea is to get your firm to pay you for designing a web site, then maybe you should give up on the idea of trading in your time off from building web sites.
As for an internal chat medium (assuming that that's what you mean by "chat for internal traders"), what is it that you would want? Someone to type in all their trades and ideas to you so that you can read and follow? I know I don't want to watch anyone trade who has the time to type in a chat forum all that they are doing and thinking. However, if that is what you want there are plenty of those websites on the internet that you can subscribe to for that. This one here has it and it doesn't even cost anything. Maybe you would like a chat medium so that you could communicate with the ECHO staff if you had a question, comment or problem? Well we have always had that ability as I am sure you must know. Finally, as it seems you are uninformed, we do have an audio broadcast available to our traders.

Let me tell you a little story.

I went to a restaurant last night and I got great service and the food was great they really treated me like a customer. I really felt like a customer, I was a happy customer.

Quote from tomf 10/26/02:


I've been with Echo since january and don't have the slightest regret that i joined them. The support is awesome... if you have a problem or a question you can always reach them via IM or phone. The software is top notch and the guys in there are always friendly and helpful. Maybe i should add that I trade with them remote from Germany on a DSL line and the connection speed and order execution is damn fast. conclusio: if you want to go prop definetly have a look at them =)
Reference

Then they came over and gave me the bill, and with the bottle of Cristal and dinner and everything it came to $750. I was so upset because I only had $300, so I told them, "look, I am the customer and I think the customer is always right, and this bill is more than I can afford." They were very nice about it, they even let me order some dessert after that. I was a very happy customer. Then, I realized that I needed a glass of Grappa after my dessert and you know what they said? They said that if they gave me the wine, my bill would be about $900 and since I was only going to be paying $300 they thought that I should not have the wine. They were still friendly about it, even though they were going to lose money on me, but I just could not believe it. I got very upset because I could not have an expensive glass of dessert wine for free. So as soon as I got home that night after having a few beers I went on a restaurant review forum on the web and I gave them my '0.02cents'.

The moral of the story for those of you who missed it is: ......


To be continued...
 
Quote from jpomerenke:

Im curious who made the website. A kid?


Joey- If there is something so impressive about your firms website please let me know what it is.

And I will take this opportunity to post the text of the IM conversation we are having right now so that everyone can see your contradictions.

Session Start (MSN - clapides@echotradeonline.com:Joey Pomerenke): Wed Apr 30 11:52:58 2003
[0430][11:52] Joey Pomerenke: hows trading?
[0430][11:53] Chad (ECHO): it was great earlier, but now i am not trading, i am getting ready to make talk some shit to you on ET
[0430][11:54] Joey Pomerenke: go for it :)
[0430][11:54] Joey Pomerenke: you know im a big fan of echo :) great firm... but the site does look horrible.... and i know many many people that havesaid it
[0430][11:54] Joey Pomerenke: and id recommend echotrade to anyone
 
I have never ever said anything bad about Echo...and you know that chad. Great firm, great managment, great all around... i was just saying i dont think the website is very professional...and doesnt seem like there was a lot of time spent on it...thats all i was saying.... i could sit here and bash echo..since for soem reason you are bashing me....but im a a better person that that... thats my .02
Joey
Oh by the way? what gives you the right to put our private convo into a public forum?
 
Ok, first off I'm no native english speaking so that's why my grammar and spelling for sure isn't the best. Weird how americans often criticize the language skills of foreigners but at the same time hardly have any foreign language skills at all?
2nd yes I am trading but also doing website design, system development etc.

3rd: if you can read I wrote "to give an example..." So this means I gave an EXAMPLE to characterize the general mentality. I could come up with many more .. you want me to? sure.. here we go:
Your instaquote acc will be up next week -> IQ is rolling out this month -> a month later .. programmers are working on some advancements -> 2 1/2 months later your acc is ready.

I'll catch you up after close ... no call no message ... Sorry was out for dinner.. me:"sure no prob just contact me when you got time" .. no call no message

and stuff like that veeery often. I didn't mention that in threads etc. as I had the overall feeling of being treated nice anyway and I never complained about that and neither did I now or in the last post. I just mentioned it.

added:
However I never intended to start any "bullshitting" on your firm nor did I say anything bad about the mangement, etc.
And I for sure won't post private communications in a public thread? Wonder why you're doing that ... bad tone imho but oh well

Oh and concerning the accusal that I only want to make money with the website shit .... well i offered echo to make it for free
 
The trader or the trading group that can confirm the most gold teeth in the mouths of their traders....is obviously the better trading entity. There, settled.

Please send pictures of these teeth to me:D
 
The timing of this recent discussion couldn't be better as Vito Sisto, CEO of ECHOtrade will be joining us next week in the Elite Trader Chat Room. The chat will focus on the ECHOtrade methodology. Vito has a lot of experience working with traders:

He was with Van Buren Securities prior to the merger with ECHOtrade where he helped lead the development of proprietary trading program - training and financing over 100 professional equities traders.

He then moved to the firm’s trading floor, where he became one of the firm's most consistently profitable traders. His experience there was the driving force behind The ECHO Trading Methodology.

Sisto currently teaches ECHOtrade's personalized Trader Lab and National Seminar, both which teach professional traders the fundamentals of the ECHO Methodology.

Should be a good chat, folks. So please join us Wed. May 7th at 4:30pm EST in the Elite Trader Chat Room.

André
 
Quote from Mr.Bling-Bling:

The trader or the trading group that can confirm the most gold teeth in the mouths of their traders....is obviously the better trading entity. There, settled.

Please send pictures of these teeth to me:D

Well, let me be the first to start... I just ran in the backyard and took a picture of my gold tooth... here you go.:D
 

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Quote from LA ECHO:



Then they came over and gave me the bill, and with the bottle of Cristal and dinner and everything it came to $750. I was so upset because I only had $300, so I told them, "look, I am the customer and I think the customer is always right, and this bill is more than I can afford."

You go out to eat and only bring $300 with you! What do you expect! :)
 
Would you recommend Echo or would your advice to someone contemplating trading remotely on a prop basis be to go somewhere else?

Please see the thread I started in this forum about the best prop firm for trading remote.

Please PM me if you're uncomfortable about posting here.

Thank you.
 
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