PLEASE KEEP ME UP DATED IM THINKING ABOUT TRYING OUT PULSAR. MY EMAIL IS : DOMESTICAE@HOTMAIL.COM
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Need Advice - Pulsar Capital
- Thread starter Goalieee
- Start date
.
DISCLAIMER: I am the founder and currently the Managing Director of Pulsar Capital.
Hi,
One of our traders told me about this website and I think I should clarify several things that were incorrectly written and may put our credibility at risk:
1 - Please go to the FSA website where you can check that I (Afonso L Castro) was a Portfolio Manager at Millennium Capital Partners. (http://www.fsa.gov.uk/register/indivHistory.do?sid=626999)
2- Pulsar Capital does not have any trading floors.
When the company was founded one of our main premises was to use the potential the internet currently offers to be able to select traders worldwide and at the same time provide them the possibility of operating from wherever they desire.
Besides that (and of major importance), the fact that we do not have trading floors also allow us to get a huge reduction on operational costs, with the benefit of being able to offer our current and potential traders much better financial conditions than we would otherwise.
3- We are a London based company who was created and is registered in the UK. The London address in our website is a representation office, with just one employee and we currently use it just to process all our mail.
Our operational infrastructures (developers, designers, risk managers, â¦) are located in Paris and Oporto.
4- Regarding the 300 GBP REFUNDABLE fee, I think question 1 from our FAQ is perfectly clear about this. Please read it here: (http://pulsarcap.com/our_approach/faq#num1)
I hope this clarifies your doubts,
I will gladly answer any additional inquiries you may still have,
Best Regards,
Afonso L Castro
Managing Director
Pulsar Capital
(www.pulsarcap.com)
DISCLAIMER: I am the founder and currently the Managing Director of Pulsar Capital.
Hi,
One of our traders told me about this website and I think I should clarify several things that were incorrectly written and may put our credibility at risk:
1 - Please go to the FSA website where you can check that I (Afonso L Castro) was a Portfolio Manager at Millennium Capital Partners. (http://www.fsa.gov.uk/register/indivHistory.do?sid=626999)
2- Pulsar Capital does not have any trading floors.
When the company was founded one of our main premises was to use the potential the internet currently offers to be able to select traders worldwide and at the same time provide them the possibility of operating from wherever they desire.
Besides that (and of major importance), the fact that we do not have trading floors also allow us to get a huge reduction on operational costs, with the benefit of being able to offer our current and potential traders much better financial conditions than we would otherwise.
3- We are a London based company who was created and is registered in the UK. The London address in our website is a representation office, with just one employee and we currently use it just to process all our mail.
Our operational infrastructures (developers, designers, risk managers, â¦) are located in Paris and Oporto.
4- Regarding the 300 GBP REFUNDABLE fee, I think question 1 from our FAQ is perfectly clear about this. Please read it here: (http://pulsarcap.com/our_approach/faq#num1)
I hope this clarifies your doubts,
I will gladly answer any additional inquiries you may still have,
Best Regards,
Afonso L Castro
Managing Director
Pulsar Capital
(www.pulsarcap.com)
Why did you Afonso L. Castro put a legal disclaimer at the top of your reply post?
Where are your offices located in Paris, France and o porto, Portugal?
How much capital/money does Pulsar Capital have to conduct Proprietary Trading?
When you worked as a Portfolio Manager for Millennium Capital Partners LLP how many client's portfolios did you manage?
Why did you leave Millennium Capital Partners LLP?
Was Millennium Capital Partners LLP based in London at: 50 Berkeley Street
London
W1J 8HD
Where are your offices located in Paris, France and o porto, Portugal?
How much capital/money does Pulsar Capital have to conduct Proprietary Trading?
When you worked as a Portfolio Manager for Millennium Capital Partners LLP how many client's portfolios did you manage?
Why did you leave Millennium Capital Partners LLP?
Was Millennium Capital Partners LLP based in London at: 50 Berkeley Street
London
W1J 8HD
I came accross Pulsar and TopStep (Patak Partners) through a private message, and find it eerie that both state the exact same reasons for requiring the "refundable deposit"... Litterally verbaitem:
Reson given by TopStep:
http://topsteptrader.com/faq.aspx
"The reason we charge this refundable fee is to avoid thousands of applications from people who do not know how to trade. As a result, a small percentage of those âunskilled applicantsâ would, solely by pure luck, manage to surpass the Combine and, therefore, allowed to trade with our equity partners capital.
By implementing a deposit we manage to avoid this situation, given that only committed individuals who feel they can meet the objective will enter the Combine to begin a trading career."
Reason given by Pulsar:
http://pulsarcap.com/our_approach/faq#num1
The reason we charge this refundable fee is to avoid thousands of applications from people who do not know how to trade. As a result, not only would we be wasting resources to evaluate "unskilled" applicants but also be subjected to the possibility that, just by pure luck, a small percentage of them would manage to surpass the simulation.
By charging a 300 GBP refundable fee we manage to avoid this situation, given that only committed individuals who feel they can meet the required minimum parameters will apply for a trading career with us.
What are the odds that both were written by the same person? Slim? I think NOT!
On a side note... Please disregard the opportunity posted by my firm on these message boards as we have successfully interviewed, and formed a small group of experienced traders through personal contacts.
Regards.
Reson given by TopStep:
http://topsteptrader.com/faq.aspx
"The reason we charge this refundable fee is to avoid thousands of applications from people who do not know how to trade. As a result, a small percentage of those âunskilled applicantsâ would, solely by pure luck, manage to surpass the Combine and, therefore, allowed to trade with our equity partners capital.
By implementing a deposit we manage to avoid this situation, given that only committed individuals who feel they can meet the objective will enter the Combine to begin a trading career."
Reason given by Pulsar:
http://pulsarcap.com/our_approach/faq#num1
The reason we charge this refundable fee is to avoid thousands of applications from people who do not know how to trade. As a result, not only would we be wasting resources to evaluate "unskilled" applicants but also be subjected to the possibility that, just by pure luck, a small percentage of them would manage to surpass the simulation.
By charging a 300 GBP refundable fee we manage to avoid this situation, given that only committed individuals who feel they can meet the required minimum parameters will apply for a trading career with us.
What are the odds that both were written by the same person? Slim? I think NOT!
On a side note... Please disregard the opportunity posted by my firm on these message boards as we have successfully interviewed, and formed a small group of experienced traders through personal contacts.
Regards.
Quote from Cfar:
Why did you Afonso L. Castro put a legal disclaimer at the top of your reply post?
Where are your offices located in Paris, France and o porto, Portugal?
How much capital/money does Pulsar Capital have to conduct Proprietary Trading?
When you worked as a Portfolio Manager for Millennium Capital Partners LLP how many client's portfolios did you manage?
Why did you leave Millennium Capital Partners LLP?
Was Millennium Capital Partners LLP based in London at: 50 Berkeley Street
London
W1J 8HD
Anyone here who has traded for Pulsar and can share their experience with the firm?
What do you guys think about the 4 or more Sharpe ratio requirement to qualify? Do you feel, as some do, that it's too high a barrier to surmount (and a way for Pulsar to keep the 300 GBP refundable fee)?
Inputs highly appreciated as I'm trying to decide whether to go and try out with Pulsar or 4xprop.
What do you guys think about the 4 or more Sharpe ratio requirement to qualify? Do you feel, as some do, that it's too high a barrier to surmount (and a way for Pulsar to keep the 300 GBP refundable fee)?
Inputs highly appreciated as I'm trying to decide whether to go and try out with Pulsar or 4xprop.
you can only trade within that limited universe of futures..only directional strategies can be done..hard!
I think there is something to be said for this kind of structure at Topsteptrader.com and pulsarcap.
One of the best ways to know if you should be trading with real money, your own or someone else's, is evaluating performance. When we trade on our own, there are many opportunities for self deceit that let us think we are good when we are not.
If someone makes it through a combine at TsT, paying $120 for the chance, they will risk $2k on that trader. Nobody is going to significantly alter their life finances paying $120/mo. I'm not sure what their costs are for personnel, chat room, server, paying "scouts" - but I'm sure it isn't 0 and may be close to the $12,000 in monthly revenue they likely get from having 100 traders in their program.
Anyone who succeeds at TsT could in retrospect say they should have traded their own money - but there's nothing stopping them from leaving and doing that.
The only question is does Patak have the resources to rapidly size up a good trader. If they don't, it's better for someone to evaluate themselves and leave. TsT doesn't say they will teach you how to make money, and I think that's just them being honest.
If pulsarcap has a lot of money, it could be a better deal so long as they size up traders quickly. That's the only real reason someone who is or becomes a good trader would stay there for any significant length of time.
If these firms are really only in it to collect fees for running a simulator, I don't think they'll make a lot doing just that. And, if that is all they are about, I think they are actually saving those unsuccessful traders from losing their shirts in the market. This may seem too paternal, but we've all seen guys get their asses kicked trading more money than they should be.
One of the best ways to know if you should be trading with real money, your own or someone else's, is evaluating performance. When we trade on our own, there are many opportunities for self deceit that let us think we are good when we are not.
If someone makes it through a combine at TsT, paying $120 for the chance, they will risk $2k on that trader. Nobody is going to significantly alter their life finances paying $120/mo. I'm not sure what their costs are for personnel, chat room, server, paying "scouts" - but I'm sure it isn't 0 and may be close to the $12,000 in monthly revenue they likely get from having 100 traders in their program.
Anyone who succeeds at TsT could in retrospect say they should have traded their own money - but there's nothing stopping them from leaving and doing that.
The only question is does Patak have the resources to rapidly size up a good trader. If they don't, it's better for someone to evaluate themselves and leave. TsT doesn't say they will teach you how to make money, and I think that's just them being honest.
If pulsarcap has a lot of money, it could be a better deal so long as they size up traders quickly. That's the only real reason someone who is or becomes a good trader would stay there for any significant length of time.
If these firms are really only in it to collect fees for running a simulator, I don't think they'll make a lot doing just that. And, if that is all they are about, I think they are actually saving those unsuccessful traders from losing their shirts in the market. This may seem too paternal, but we've all seen guys get their asses kicked trading more money than they should be.
if i am allowed to trade all tenors and all major futures, then i would like a try.