traderchi128
Guest
Do you even know what size I was talking about? Of course no firm is going to start a new guy with 10 mm.
I asked the guy a question....keepa your moutha shut til he answers.
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Legit or no?
- Thread starter ksmetana
- Start date
Do you even know what size I was talking about? Of course no firm is going to start a new guy with 10 mm.
I asked the guy a question....keepa your moutha shut til he answers.
traderchi128
Guest
Quote from Maverick74:
I'm curious who this firm is as well. I don't know anyone offering this deal and certainly not in California. You couldn't pay me enough money to back guys trading stocks. I can't imagine a firm doing so today and staying solvent.
There is one firm that does so in Chicago (Tower Trading) and their offices are practically empty.
Bingo.
5 to 15 shares of stock = Laughable.
he is not going to give up the name . his big secret it seems
most likely the firm is maverick trading in utah which charges for their options course
its a pm retail account with the retail brokerage firm ib
they pass thru the commissions from ib & make their money on profitibility of the trader with the 80/20 split deal
In this case you pay for their course & that off sets any losses by a trader
a legal structure since its a pass thru comm from the broker ib with no markups
If that is who is talking about ?
so out comes the checkbook in any event to trade with them , no free lunch
the scoop i was told in talking with one of the owners early last year
most likely the firm is maverick trading in utah which charges for their options course
its a pm retail account with the retail brokerage firm ib
they pass thru the commissions from ib & make their money on profitibility of the trader with the 80/20 split deal
In this case you pay for their course & that off sets any losses by a trader
a legal structure since its a pass thru comm from the broker ib with no markups
If that is who is talking about ?
so out comes the checkbook in any event to trade with them , no free lunch
the scoop i was told in talking with one of the owners early last year
hahaha yes, my big secret. I keep no secrets, go read my trading journal on ET, I hold nothing back. Sorry for my slow responses, I don't check this site as much as I used to. Calm down.
The company has already been mentioned: Tower Hill.
Maverick actually told me to inquire with them some time ago, and I did, and finally they got back to me.
They have not mentioned anything about a trading cost. The only cost I'm aware of would be the flight to chicago and hotel acccomodations during the 2 week in-office training.
If they are holding out information, then so be it haha.
If the terms are legit, it sounds like the best deal out there for a new trader.
I have not yet signed with them or anything, because I am considering going back to school for my MBA so that I can get a salary job in the markets.
Might Tower Hill have a crappy side? Maybe, I don't know. I do know that most prop firms have a crappy side, so its to be expected.
The industry is BS, but it can't be avoided, so only two things matter:
1. The terms
and
2. The technology and support
I don't know how reliable their service / support is, so I can't comment on that. But the terms sound pretty damn decent from what I can tell.
And to you guys who say "open a futures account..." I am not new to this arena, I have traded for a firm and I've already had a futures account. Futures are great for the independent trader, but you miss out on so much opportunity.
The company has already been mentioned: Tower Hill.
Maverick actually told me to inquire with them some time ago, and I did, and finally they got back to me.
They have not mentioned anything about a trading cost. The only cost I'm aware of would be the flight to chicago and hotel acccomodations during the 2 week in-office training.
If they are holding out information, then so be it haha.
If the terms are legit, it sounds like the best deal out there for a new trader.
I have not yet signed with them or anything, because I am considering going back to school for my MBA so that I can get a salary job in the markets.
Might Tower Hill have a crappy side? Maybe, I don't know. I do know that most prop firms have a crappy side, so its to be expected.
The industry is BS, but it can't be avoided, so only two things matter:
1. The terms
and
2. The technology and support
I don't know how reliable their service / support is, so I can't comment on that. But the terms sound pretty damn decent from what I can tell.
And to you guys who say "open a futures account..." I am not new to this arena, I have traded for a firm and I've already had a futures account. Futures are great for the independent trader, but you miss out on so much opportunity.
Ksmetana
I did not insult you, but since you want to act like a child . here is a reality check for you
You have no prayer with Tower Hill They don't hire losers
Your a failed trader that can't even make money with you 3 k account with t3
Go back to trying to get the girl of your dreams. I guess your still trying to get laid for the first time.
we all read your pathetic thread about trying to trade & get the girl , hilarious ramblings
maybe get a job & move out from your parents is the first step in becoming a man for once
trading is not for you & everyone knows it But you . time to wake up to the real world
I did not insult you, but since you want to act like a child . here is a reality check for you
You have no prayer with Tower Hill They don't hire losers
Your a failed trader that can't even make money with you 3 k account with t3
Go back to trying to get the girl of your dreams. I guess your still trying to get laid for the first time.
we all read your pathetic thread about trying to trade & get the girl , hilarious ramblings
maybe get a job & move out from your parents is the first step in becoming a man for once
trading is not for you & everyone knows it But you . time to wake up to the real world
Quote from ksmetana:
The company has already been mentioned: Tower Hill.
Maverick actually told me to inquire with them some time ago, and I did, and finally they got back to me.
They have not mentioned anything about a trading cost. The only cost I'm aware of would be the flight to chicago and hotel acccomodations during the 2 week in-office training.
If you're going to spend the time and cost to fly to Chicago, then you may want to inquire with other firms to compare. Maverick posted a list of Chicago firms on another thread, check it out.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3477830#post3477830
Quote from ksmetana:
hahaha yes, my big secret. I keep no secrets, go read my trading journal on ET, I hold nothing back. Sorry for my slow responses, I don't check this site as much as I used to. Calm down.
The company has already been mentioned: Tower Hill.
Maverick actually told me to inquire with them some time ago, and I did, and finally they got back to me.
They have not mentioned anything about a trading cost. The only cost I'm aware of would be the flight to chicago and hotel acccomodations during the 2 week in-office training.
If they are holding out information, then so be it haha.
If the terms are legit, it sounds like the best deal out there for a new trader.
I have not yet signed with them or anything, because I am considering going back to school for my MBA so that I can get a salary job in the markets.
Might Tower Hill have a crappy side? Maybe, I don't know. I do know that most prop firms have a crappy side, so its to be expected.
The industry is BS, but it can't be avoided, so only two things matter:
1. The terms
and
2. The technology and support
I don't know how reliable their service / support is, so I can't comment on that. But the terms sound pretty damn decent from what I can tell.
And to you guys who say "open a futures account..." I am not new to this arena, I have traded for a firm and I've already had a futures account. Futures are great for the independent trader, but you miss out on so much opportunity.
Kurt, I have not heard many good things about Tower Hill. I know a few people that interviewed there and it looked bleak in their office. From what I heard they stop you out at like a $50 a day loss and fire guys after 3 months if you are down a little bit in the account. I would think T3 was a better setup.
I believe the owners of Tower Hill are connected with Avatar. I think Avatar was started by some former Tower Hill traders. I'm not sure what you like about this setup. Nobody in Chicago wants to trade there. Hell, very few people I know in Chicago have even heard of them and this is a trader's town.
traderchi128
Guest
Quote from ksmetana:
hahaha yes, my big secret. I keep no secrets, go read my trading journal on ET, I hold nothing back. Sorry for my slow responses, I don't check this site as much as I used to. Calm down.
The company has already been mentioned: Tower Hill.
Maverick actually told me to inquire with them some time ago, and I did, and finally they got back to me.
They have not mentioned anything about a trading cost. The only cost I'm aware of would be the flight to chicago and hotel acccomodations during the 2 week in-office training.
If they are holding out information, then so be it haha.
If the terms are legit, it sounds like the best deal out there for a new trader.
I have not yet signed with them or anything, because I am considering going back to school for my MBA so that I can get a salary job in the markets.
Might Tower Hill have a crappy side? Maybe, I don't know. I do know that most prop firms have a crappy side, so its to be expected.
The industry is BS, but it can't be avoided, so only two things matter:
1. The terms
and
2. The technology and support
I don't know how reliable their service / support is, so I can't comment on that. But the terms sound pretty damn decent from what I can tell.
And to you guys who say "open a futures account..." I am not new to this arena, I have traded for a firm and I've already had a futures account. Futures are great for the independent trader, but you miss out on so much opportunity.
From what I understand from people who interviewed with Tower Hill is they have guys trading 5-15 shares to start. That is unheard of...in a real bad way. After you prove yourself you go up to 30-50 shares.....yes..that is shares of equities. There is a reason Mav said the place is empty. Don't waste your time with a firm who doesn't have the capital to trade or the confidence to back guys with real money.