First New York Securities

Quote from john_nyc_trader:

Cramerholic, it's not about your resume: its is whether you can put up numbers or not. Plain and simple.
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John,

How do they know recent college grads can put up numbers? I'm just saying the resume gets you the interview. I think I should at least get the interview. I know when I'm there I will have to put up numbers or I will lose the job, but I'm just talking about getting in the door.
 
Firms that pay salary and actually train you are too competitive for most people to even consider...

Thats the beauty of having firms like bright in the world. You don't need a physics, math, engineering degree with a 4.0 gpa to be able to trade millions. You just need a few grand... I think thats fair.
 
Here is a simple answer for you: they can mold the new guys to the way they want. Experienced guys are less prone to change their ways (even if they want to for the sake of the job).

John
 
Quote from john_nyc_trader:

Here is a simple answer for you: they can mold the new guys to the way they want. Experienced guys are less prone to change their ways (even if they want to for the sake of the job).

John
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That's exactly what they told me back in 2000 when I sent my resume. Although maybe it was because I didn't go to a top tier school too. But my school was voted best party school in Playboy the year I graduated! :) Top that FNYS!
 
Quote from john_nyc_trader:

Cramerholic, it's not about your resume: its is whether you can put up numbers or not. Plain and simple.
More...

John,

If someone five years out of school were trying to apply to FNYS (or any paying prop firm, for that matter) from a different field (say, IT), would real estate investments count towards being able to make the numbers? Say someone netted $175k in 3 years (on an initial $15k investment), would that be taken into consideration?
 
Thats a great track record, however, it is much different than being a PM and running a $5-$10M book.

Did you ever think how would you trade that type of capital? How would you hedge it? Would you be fully invested/traded every day? There is a big difference in putting up numbers in your account, and putting up MANDATORY numbers every month to stay at a job/get a job.

Hope this helps,

John
 
Quote from john_nyc_trader:

Which school was that? Albany?
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You got it! SUNY Albany. I don't know how Playboy ever came about putting us at #1...I heard it was just some survey results or something.
 
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