One of the weirdest interviews I’ve ever had was with T3. I don’t know if I can even call it an interview.
My only problem with firms that leverage is the risk upfront. Those places seem better for when I have more experience and don’t need a salary along with bonuses to live.
Specifically with T3, they scheduled me for a mid-early morning interview around 11am. Got there at 10:45am and no secretary or anyone. I signed in on the lone piece of paper and waited about 45 minutes before someone walked by. I didn’t want to walk through their office and the guy brought me back. Opened up a chart of the SP 500. Talked for 5 minutes about the software and he told me that they would love to bring me on. The most gratifying piece of information from that 5min interview was that T3 used lightspeed haha. After I said maybe, he talked about the leverages for equity (20-1:5K) and futures (5-1:25K). Their “training” is literally a 30min break, each day, to go over textbook language and theory... something you should already know before you even demo trade lol. No body came up to me to help me learn the system or software. I looked around at other people computers and saw that they were barely breaking even. I found some good trades while I was there, but no one would come up to me. I even went up to ask the head trader some questions and he said to either wait until the afternoon seminar or post trading day analysis meeting. I went back to the demo computer and literally made a horrible trade so someone would come up and at least talk to me.
That’s he problem with firms that leverage. They don’t seem to have as much interest in the trader since their max drawdown is their deposit. TopStep, over the holidays, was marketing resets in their training accounts. Why market failure? I just don’t get it.
That’s why I am trying my hardest to break into a prop firm with no capital contribution. Not because I’m unwilling or don’t want to put my own capital up, but mainly for the interest of the company-trader relationship.
