worldco going out of business??

Lights · Oct 12, 2003

Quote from bigbear:

Seems I quit at the right time. The industry is dead. Top 10% of traderso well. Rest are churning and burning. Was fun while it lasted. I will be back - just not for a while - and certainly not with Worldco. I can picture them being dragged away in cuffs ala "boiler room". If that place wasn't a boiler room I don't know what is.

Good luck to all those fighting for your Worldco capital. I am there with you. Peace!!

dunno, sounded to me like worldco gave alot of people with no money a chance at trading. unfortunately, most of them went negative in their cap acct this past year cos of difficult market, was then asked to put up money.. couldn't, and then ran off like crybabies.

in any event, i'd be scared if i was a prop trader at any firm considering the markets and the fact that certain groups are attempting to rid of the specialist system.

Lights

I Missed Boat · Oct 12, 2003

Quote from Lights:

dunno, sounded to me like worldco gave alot of people with no money a chance at trading. unfortunately, most of them went negative in their cap acct this past year cos of difficult market, was then asked to put up money.. couldn't, and then ran off like crybabies.

in any event, i'd be scared if i was a prop trader at any firm considering the markets and the fact that certain groups are attempting to rid of the specialist system.

Lights

most traders used to trade NAS, and many still do. So what does the spec system have to do with it?

I Missed Boat · Oct 12, 2003

According to the commercial I just saw, the above law firm would represent worldco traders, cause they "represent the people, not the powerful!"

Lights · Oct 12, 2003

Quote from I Missed Boat:

most traders used to trade NAS, and many still do. So what does the spec system have to do with it?

i believe most of the volume done at the bigger prop firms mentioned on this website are on the NYSE. Many trading strategies there are based on behavior of the tape, that the specialist provides..

Lights

I Missed Boat · Oct 12, 2003

Quote from Lights:

i believe most of the volume done at the bigger prop firms mentioned on this website are on the NYSE. Many trading strategies are based on behavior of the tape, that the specialist provides..

Lights

yah, and many trading strategies are based on Market Maker strategies, but most traders now trade on other strategies.

zboss · Oct 12, 2003

Bright, Echo, Generic and others all seem like solid places. For more detailed ideas you can always PM zboss.

Thug_Life · Oct 12, 2003

Whatever happened with ... Walter .... was so excited about it....his dream... Good stuff man.

http://www.crackaficionado.com/

fattyasids · Oct 12, 2003

as far as i know, there's only one firm that will provide open books about their financials. so according to someone, it should be the only one being considered.

Lights · Oct 12, 2003

Quote from I Missed Boat:

yah, and many trading strategies are based on Market Maker strategies, but most traders now trade on other strategies.

are you telling me that most nasdaq traders don't look at MM quote and activity anymore?

Lights

I Missed Boat · Oct 12, 2003

Quote from Lights:

are you telling me that most nasdaq traders don't look at MM quote and activity anymore?

Lights

i'm saying that there are all kinds of strategies going on now. of course many, maybe most, look at mm quote activity, but whether most primarily BASE THEIR TRADE DECISIONS on that activity now i doubt, but obviously I don't know most nas traders.