I feel like a traitor.

What's the split at the new firm? Commissions? Have you gone over to check out their operation? Go check their shite out. Ask to watch a live session go on. Be serious to see if they are serious.

Have had a couple guys leave our firm for a "better" deal. They had to switch locations twice, deal with a crooked clearing firm and just isn't the deal they thought it was.

The best you can do anywhere is trade the best you can. If you are still around in a couple years, I am sure that firm and others will still be interested in you.
 
Look at it this way:


Do you think if you were losing money they would say " You know, I know mr traitor is losing money but he's a nice guy, let's give him some more training and not fire him"


I doubt it.
 
Quote from SWScapital:

Clearly your a young person with minimal "street" experience. Take it from someone who has been in the biz since 1996 and the age of 24. The sooner you learn that NOBODY cares about whats best for you and everybody is in this for THEMSELVES. The sooner you will find success and your niche. I don't know anything about your current deal so thats the best advice I can give you. Good luck and look out for #1.
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Pretty dead on...except that I would have bolded and used a 24pt font for the NOBODY and the THEMSELVES part.

:D
 
Quote from newguy1:

Hell, my data feed froze 3 times today, and has been doing it every week.
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Forget all the rest, whether you owe them something or not. If they are giving you an inferior product, you should feel no guilt about leaving. It's as simple as that.
 
well. I've been asked not to speak about this anymore, so I guess thats that. I'm sorry If I can't go into any detail.

After having seen these two different styles of trading (scalping/swinging) all I know is that there are people making cash both ways. I'm just happy to be exposed to both styles, and I don't think one style is any more "right" than another. I had fun scalping for a tick on LU, but now I'm moving on to a smaller group (i don't even think it has a formal name), mainly because the salary and split is just better than just having a split. (they were about the same split)

Thanks for all the comments guys. Hopefully one day I'll be able to speak more openly about the group...if it ever becomes an actual recruiting firm. (from what I take, this is all brand new = possible short life span...but for a newb thats beter than being stuck at a large shop that either lets you sink or swim....wish me luck!)
 
HUGE HUGE HUGE MISTAKE..Scalping for pennies will soon be a thing of the past esp with REG NMS around the corner. I also believe in a year there will be no more rebates ,so then what???THE ONLY WAY TO BE AROUND trading for along time is to learn how to do a minimal amount of trades for a large P/L PERIOD.I have been around this game for 11 years and seen all types of trading and the big bucks bar none is trading for p/l.
my 2 cents
momo
 
Quote from momo trader99:

THE ONLY WAY TO BE AROUND trading for along time is to learn how to do a minimal amount of trades for a large P/L PERIOD.
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"The big money was not in the individual fluctuations but in the main movements—that is, not in reading the tape but in sizing up the entire market and its trend." Reminiscences of a Stock Operator
 
Quote from Sterling:

Scalping Lucent Technology? Man, that sounds like a big buck operation to me!!!
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Theres a reason it averages 35mm shares a day. I would be bored to death playing that penny game though.
 
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