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World Trade Securities
- Thread starter Belindaxxx
- Start date
If you guys really want to know all about them, they are at the trader expo this week. I saw them there and didnt stop to talk. I am not sure exactly what platfor they offer etc... But I can tell you that the people who run the group are there and you can judge for yourself. Hope that was helpful.
Sky123987 - what is the WTC? I want to search out threads regarding WTS.
Belinda,
For what it is worth ... one of the previous posters said that a search on WTS reveals that WTS is not worth the time.
Opinions are like a-holes on this site. So that alone means nothing.
But .... One thing that I have noticed on ET from time to itime is that the senior people for a firm being discussed on ET will appear here and present their side of the story.
Only mentioning the firms that quickly come to mind ... JC Trading, SMB Capital and the chart service firm ESignal.
WTS - with their non-conventional "out of the box" approach - would be well served to appear here and explain what is what. They haven't - and they remain at best, "mysterious"
I am assuming that you are Canadian. From what I have read here, a lot of Canadians trade with JC Trading. Maybe you can PM "Joab" and ask if it is all right to PM some of your questions to him.
Bright Trading has a presence in B.C. - but I think you need the Series 7 with them. And I am not sure what their remote policy is if you are not in the B.C. area.
Hope this helps.
Good luck.
For what it is worth ... one of the previous posters said that a search on WTS reveals that WTS is not worth the time.
Opinions are like a-holes on this site. So that alone means nothing.
But .... One thing that I have noticed on ET from time to itime is that the senior people for a firm being discussed on ET will appear here and present their side of the story.
Only mentioning the firms that quickly come to mind ... JC Trading, SMB Capital and the chart service firm ESignal.
WTS - with their non-conventional "out of the box" approach - would be well served to appear here and explain what is what. They haven't - and they remain at best, "mysterious"
I am assuming that you are Canadian. From what I have read here, a lot of Canadians trade with JC Trading. Maybe you can PM "Joab" and ask if it is all right to PM some of your questions to him.
Bright Trading has a presence in B.C. - but I think you need the Series 7 with them. And I am not sure what their remote policy is if you are not in the B.C. area.
Hope this helps.
Good luck.
Quote from wucah:
You can use a search function on WTC there are a number of threads. They all conclude that the company is not worth the time and that you should stay away from the owner as far as possible.
To answer your other question the best bet finding a good prop is to visit their office in your city. Talk to the manager, and hopefully some traders. If they don't have an office in your city. you might as well go with Interactive Brokers.
WTC is not WTS!
What kind of volume are they expecting of Prop traders for this firm? Also do they let you trade the high volatility stocks like AAPL, BIDU, etc? What kind of loss will they limit you to per day?
Thanks.
Thanks.
I can answer some of your questions about WTS but keep in mind this is just how it was when I was there until January...
Max daily stop loss is $40 when you start, then $100 after being profitable 3 days in a row. After that it goes to $200, $400, $600 etc., if your total max loss in the first couple months reaches $1500 you get fired.
They will make you do as much volume as is humanly possible scalping C for rebates, if you don't do at least 300k shares a day after the first couple months they fire you.
Stocks over $100 are pretty much off limit, maybe after a few months you can convince them to trade 100 share lots.
Max daily stop loss is $40 when you start, then $100 after being profitable 3 days in a row. After that it goes to $200, $400, $600 etc., if your total max loss in the first couple months reaches $1500 you get fired.
They will make you do as much volume as is humanly possible scalping C for rebates, if you don't do at least 300k shares a day after the first couple months they fire you.
Stocks over $100 are pretty much off limit, maybe after a few months you can convince them to trade 100 share lots.