What's the point? They're gonna start traders off with a measly $20 or $50 max intraday stoploss - even with experience. I don't understand why breakship quotes Title Trading as being a "good company" - or any others for that matter. Maybe he hasn't read the rest of the threads about them.
The fact of the matter is that the TRUELY GOOD COMPANIES pay a BASE SALARY, and only young university graduates with an aptitude for math even have a chance with them. And pretty much all such firms are the high-frequency/quant types; none I have come across so far has listed any openings for discretionary traders.
Take a few WISE (and LOGICAL) tips from me regarding this business:
1] Only become a trader with YOUR OWN SAVINGS.
2] Forget about pie-in-the-sky non-sense about employment with these "firms", and/or unrealistic monthly, weekly, and daily profit targets - e.g., 25% + returns per month, or 1% per day... that's unrealistic.
3] Most of these prop shops are going to go belly up if/when the market crashes anyway.
4] Its not that hard to save $100,000 in a few years; I am still saving, and using Elliott Wave, and another self-developed system to trade various markets. This is the best route for someone who hasn't graduated from a top notch school with a top notch GPA. It's working for me. All you need is a savers mentality.
5] Do NOT borrow from lines of credit, credit cards, or even trade on margin - especially if you are very new to this business!
6] In the meantime just demo trade, and keep your demo trading HONEST. Eventually you will have enough money saved up AND a system that works!
7] Aim for a 8% to 10% NON-compounded return per month on the high end, and 5% on the low end, and withdraw that money from your trading account after you hit your target; you will have those funds available to re-invest later on if/when you become certain that your live trading is yielding CONSISTENT results with ACCEPTABLE dradowns.
8] Build a 1 to 2 year record, and then get friends and family to invest.
9] NOW you can quit your day job!
SIMPLE! Good luck =0)
The fact of the matter is that the TRUELY GOOD COMPANIES pay a BASE SALARY, and only young university graduates with an aptitude for math even have a chance with them. And pretty much all such firms are the high-frequency/quant types; none I have come across so far has listed any openings for discretionary traders.
Take a few WISE (and LOGICAL) tips from me regarding this business:
1] Only become a trader with YOUR OWN SAVINGS.
2] Forget about pie-in-the-sky non-sense about employment with these "firms", and/or unrealistic monthly, weekly, and daily profit targets - e.g., 25% + returns per month, or 1% per day... that's unrealistic.
3] Most of these prop shops are going to go belly up if/when the market crashes anyway.
4] Its not that hard to save $100,000 in a few years; I am still saving, and using Elliott Wave, and another self-developed system to trade various markets. This is the best route for someone who hasn't graduated from a top notch school with a top notch GPA. It's working for me. All you need is a savers mentality.
5] Do NOT borrow from lines of credit, credit cards, or even trade on margin - especially if you are very new to this business!
6] In the meantime just demo trade, and keep your demo trading HONEST. Eventually you will have enough money saved up AND a system that works!
7] Aim for a 8% to 10% NON-compounded return per month on the high end, and 5% on the low end, and withdraw that money from your trading account after you hit your target; you will have those funds available to re-invest later on if/when you become certain that your live trading is yielding CONSISTENT results with ACCEPTABLE dradowns.
8] Build a 1 to 2 year record, and then get friends and family to invest.
9] NOW you can quit your day job!
SIMPLE! Good luck =0)