Remote Trading for Newbie Trader

[NY0BScalper]

Quote from Red_Ink_inc:

Find some people in the same boat as yourself. There's a ton of them here on ET, and trade together using a program like Skype. Skype is great for conference calls and is free.

That way you can share ideas throughout the trading day. More sets of eyes can spot more opportunities. This creates more of an office atmosphere and combats boredom.

Excellent post!

If I weren't communicating through VOIP and AIM with other traders around the globe I would probably not even be up 25% of what I am up this year. I would go as far as to say that unless on the majority of your setups you take you take more than half the max size the market will allow based on liquidity, you can make substantially more money working with other people.

Even if you can't find anyone who is consistent at the level you want to be at, if you can find someone at your level but with different abilities and talents and weaknesses, you can both help each other improve and stay focused/disciplined.

 

[ksonsinc]

Like i saw the program in MOJOHD wall street warrior about that girl who works in in SMB capital there all have headphone and some one follow a certain sector saome one follow certain stocks
and when they see something they all every one know
That,s a cool system i think all the prop firm should have it
More eye ball watching at the screen

 

[LEAPup]

Quote from niteflite:

I am located in an area where there are no prop firms. I really want to give trading full time a shot, but since i am staying put where i am, i guess it would have to be remote.

However, I always prefer being right next to the people i work with especially if i need to learn from them. So my question is, is remote training effective? i know a lot of posters will say no training is effective and i need to learn for myself and whatnot, but i just want to know if anyone has been trained remotely and how it turned out for them.

I'm in the same boat you are in. I want to trade remotely, but there are ZERO prop firms in my area. I have my Series 7, and am not a very good sales guy I guess after being on the retail side for 5 years, and am still struggling with money.

I can trade, and am analytical. I'm not very good at getting on the phone, and selling myself to people in my very, very conservative area.

 

[LEAPup]

Quote from Syprik:

Sound advice. I myself have done exactly this with a group of 6-7 guys I met through ET. It has added a social touch to my work day. And if I'm not on the Skype chat, I'm on tele-conf or gotomeeting with two highly successful traders who live across country. If trading style/methodology is different, and this is often the case, be careful to protect your strategy & goals from chat influences.

Thank you! This is what I'm looking for as well.

 

[niteflite]

all right then. so is anyone out there willing to trade/train with me? i am very well mannered, have a decent phone voice, and speak fluent english as well as two other languages. how about it folks?

but also, what are some other good remote prop firms that won't go belly up on me? what is the standard deal i should expect in terms of deposit and commission?

 

[LEAPup]

Quote from niteflite:

all right then. so is anyone out there willing to trade/train with me? i am very well mannered, have a decent phone voice, and speak fluent english as well as two other languages. how about it folks?

but also, what are some other good remote prop firms that won't go belly up on me? what is the standard deal i should expect in terms of deposit and commission?

Bump! I've been looking for the exact answers niteflite is looking for.