You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
To be remote or not to be...
- Thread starter realstockaddict
- Start date
I mean, you have a trader put up X and he she can trade up to 5x sounds like a good deal. As long as they share in the Tax advantages of the firm, and as long as the pay out is close to 90% or more, along with super low comish.
Bottom line is the price ur paying for in Comish. I think the comission rate is the most important factor to consider when cking out a prop shop that has you put up money. And the progressive comission rate is bullsht, the more you churn, the lower your fees? There is a reason behind that model....figuer out the math you u'll see why.
Otherwise...the new model of Props asking you as a trader, to share in the risk seems fine by me.
Bottom line is the price ur paying for in Comish. I think the comission rate is the most important factor to consider when cking out a prop shop that has you put up money. And the progressive comission rate is bullsht, the more you churn, the lower your fees? There is a reason behind that model....figuer out the math you u'll see why.
Otherwise...the new model of Props asking you as a trader, to share in the risk seems fine by me.
yes.
________________________Quote from realstockaddict:
Hello guys, this is a posting for remote traders... I am a remote trader who's been tryin to figure out if I should go join a prop office or to go remote. Been trading for a while now and want to get an overall opinion of the remote trading options. I had experience with generic. Some questions are, what platforms some of you guys use, which ones are good, which ones suck. What shops give u good (no hold) tech support to get u out when dsl goes down etc... Any info would be greatly appreciated by me and also by any other remote trader who is looking for a home.
I been trying to get a group of remote traders so that we can "band" together but seems these days alot of prop shops are giving such low commissions it really doesn't matter any more. Nevertheless any remote trader who is in the same boat as me, pm me, lets pick each others head, maybe we can group up.
Some questions: how is echotrader platform for executions? Does assent have conversions? What shops cover your losses when the system goes down? Which shops have great tech support? Which shops are not so hot for remote? Anybody do a realtime test on execution speeds between remote and office t1 setting? For example lets say a test between executions at a assent office , compared to a remote trader usin dsl on the same assent platform..
thanks guys.
I use Echotrade remote. If I have a problem they are really pretty good at getting you out. I also like their blackbox software, predator pro. No problems at all with executions.
I traded in one of their offices at first and it was good, just didn't like having to get up early to get ready to go into the office, much prefer trading at home and spending the extra time getting ready to trade instead of wasting it driving.
I doubt that any shop will cover your losses when their system goes down. Way to much exposure for them to risk.
Remote trader here from Manhattan at 110 and 99 wall
Went remote about 2 yrs ago and the connection is actually faster at home than the T1 line was in the office. (Optimum Online)
Nothing beats a GOOD trading desk. They were hard to find, but the guys that were and still are true professionals didn't slam the desk. Granted I sat next to a few wild ones, but the big money makers that I usually saw would be calm as could be. You never knew if they were up 10,000 or down 2,000. In other words they just had great emotional discipline.
Trading now through assent and honestly have had no problems with my connections. Haven't been down once. Connected through a VPN and comparing Hammer to the old WLDC platform is like comparing a shotgun to throwing stones.
I hear and read about all the other problems some people have had with Assent but thankfully I can say that I have had none. Maybe I just got lucky?
Went remote about 2 yrs ago and the connection is actually faster at home than the T1 line was in the office. (Optimum Online)
Nothing beats a GOOD trading desk. They were hard to find, but the guys that were and still are true professionals didn't slam the desk. Granted I sat next to a few wild ones, but the big money makers that I usually saw would be calm as could be. You never knew if they were up 10,000 or down 2,000. In other words they just had great emotional discipline.
Trading now through assent and honestly have had no problems with my connections. Haven't been down once. Connected through a VPN and comparing Hammer to the old WLDC platform is like comparing a shotgun to throwing stones.
I hear and read about all the other problems some people have had with Assent but thankfully I can say that I have had none. Maybe I just got lucky?
Cytrix-based versions of software trading platforms are "painted" onto your screen, and as a result do not need to be downloaded onto your hard drive, ( like a VPN version ) nor do they require any intensive I/O on your drive.
However, recent versions of VPN platforms have been designed to be less hard drive instensive, and demand less resources from your computer.
However, recent versions of VPN platforms have been designed to be less hard drive instensive, and demand less resources from your computer.