SMB Capital / Keystone Trading

Interesting bits I got off a doostang posting for SMB Capital after my post on this forum:

1)
"Important note: This is a non-salaried position. Your compensation is determined by your performance. Thank you for reading our post."
-Glad that they finally stopped posting "salaried positions", I wonder how this might push their applicant volume down.

2)
"SMB provides you with an edge in today’s marketplace. We serve as your Mentors. ...Most importantly, at the end of our training program, you will generate your own trading ideas, and trade your own live account."
-Any ideas what trading your live account really means at prop shops?
-Any ex-smb traders care to comment?
 
anyone know anything about smb's training program? is it effective? will it help someone that has about a year's worth of trading?
 
Quote from rudy376:

I'm trying to make a decision between SMB Capital and Keystone Trading. Are there any current or past traders at these firms that can offer some insight?
More...

Keystone management is staffed with true gentlemen.

They had the integrity to escape HLV / Oliver Velez / VCM Trading without the temptation of greed. After numerous attempts of VELEZ to recruit Pete Renzulli and Erik Solomon, he was unsuccessful.

These guys separate themselves from the gray. Reference, http://elitetrader.com/vb/showthread.php?s=&postid=1825314#post1825314
 
True gentlemen......True crooks they were HLV- they handled all the money matters- they new what was going on -they were Vacaros hechmen .They lied cheated and pompusly mislead traders .....Gentlemen ....nothing could be further from the truth.....now theyve started out on their own and their suddenly true gents?Pathetic.
 
FYI the spelling is Vaccaro.

Pete Renzulli and Erik Solomon left HLV because of Charlie Vaccaro's disregard to regulation and secutiy laws.
 
The bottom line is you have to make money...all you little babys that cry about getting swindled and not getting training is pathetic...Trading and putting your own skin in the game is about the real world not being some towel boy buyside trader hoping you get a bonus. Theres tons and tons of books,websites,articles adnauseum on how to be succesful..Live it,breathe it,sleep it, hump it , do whatever it takes and you can become wealthy beyond your wildest dreams..In the mean time quit your crying and man up, your ruining opportunities for the other serious traders....oowwww are you a wolf or a sheep.
 
Quote from hedgeking:

Say what you want. these prop shops suck the blood out of young naive traders. how many have a chance in hell of making a living paying .0075-.01 cent a share and giving up 20-40% of there profit. most prop shops teach people to churn to generate commissions. If these prop shops had any morals they'd make no overides on commissions like swift and take a piece of the profit only profiting when the trader does. instead they suck them dry before they get a chance to make a dime. go talk to the 100's of traders who went threw hold brothers are other prop shops with a no money gig. few few few made it.
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Hold brothers? i used to work there, Greg Hold is a complete jerk, he even sell his mother for money!

I Would never trust Greg Hold or hold brother ,
 
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