Quote from Szeven:
Earth to ET, this is how swift/title/wts/gmmi etc etc 'train' traders.
You show them the keys, tell them what arb and nsdq are, show them SPY and tell them stocks follow it, then throw them on F and all the other crappy stocks and make them figure it out.
The cream rises, and the crappy ones are weeded out as fast as possible. Once the office forms a 'critical mass' of a few decent traders, diversity and synergy will be created, and the snowball of profitability is started. Rinse/repeat, rinse repeat untill\ the manager hires a trainer, and starts doing nothing but collecting cheques. Then the traders that are good save their money, get pissed off, and go open their own accounts or offices to avoid shitty payouts.
What an industry!