worldco going out of business??

[Chris Watts]

thats why i bring along my certified tax returns and my K-1 statements with me. i've seen my share of bullshitters too...i don't mind fronting money (actually, i'm expecting to)...however, when all they ask is that...and nothing else about trading..it's a bit daunting. see what i'm sayin?

Quote from VOLUME:

"well, it's hard to join a firm when the first question they ask you is how much money you're willing to put up...not how experienced you are. goes for both Bright and Ass-ent. also, Bright is RETAIL, not prop. they nickle and dime you for everything...treated like a customer, not part of the firm."---Watts




Everyone who makes a move to a new company bullshits about how experienced they are, how much volume they do, and how much money they pull out of the market.

It's really funny to listen to because when they are asked to fund their prop account...a measly $10,000, almost all of them say the same thing---I really don't want to put up my own money, or I was hoping to go prop with less than $5,000.

All that shows is that they were lying from the start....so don't be offended if a prop firm asks you up front if you can actually fund your account.

Volume

 

[burnin]

Quote from Magna:

Let's everybody cool it a bit. Yes, I'm asking ET members to show a little restraint, and dare I say it, a little class. People are obviously frustrated today, but please, no more bashing of any kind on this thread or I'll shut the thread down. Thanks.

 

[Casey30]

Quote from VOLUME:

Everyone who makes a move to a new company bullshits about how experienced they are, how much volume they do, and how much money they pull out of the market.

It's really funny to listen to because when they are asked to fund their prop account...a measly $10,000, almost all of them say the same thing---I really don't want to put up my own money, or I was hoping to go prop with less than $5,000.

All that shows is that they were lying from the start....so don't be offended if a prop firm asks you up front if you can actually fund your account.

Volume [/B]

I totally agree. Although it has been tough for many experienced traders lately, a capital contribution shows alot of things, especially confidence in yourself and your trading.

 

[sdtrader]

Quote from Chris Watts:

you clearly missed the point of my message (which doesn't surprise me). firms should be asking prospective traders questions about trading strategy, experience, etc in the beginning....not how much money they can leach off of you.

You are hilarious. Your missing my point. What is it you don't understand. That should be the FIRST question any firm should ask their traders. If you can't put up the money, then you obviously aren't worth the time. That is what got WorldCo on trouble in the first place. A bunch of under funded kids that didn't have a clue what they were doing, just churning and burning with negative capital accounts.
The reason you are asked to put up money is so you have a VESTED interest and a firm is just not wasting their time by simply adding volume with inexperienced traders.
If you have the EXPERIENCE and proven STRATEGY, then coming up with a freakn measly 10K should not be an issue.

 

[Chris Watts]

This is such an idiotic idea. Are you that much of a cheap-o? Do you count pennies everynight before going to sleep? If you had a clue on how limited partnerships work, taking monitors or any properties would be considered "stealing"...as we're not entitled to such assets.

Quote from mrktrend:

Better yet, all Worldco traders who have their money frozen, just walk out with all the monitors and pcs and all their assets. You got 2 weeks to do it. Then aution them off on the ebay and try to recover some of your money. God bless!

p.s. Moderator, I agree that Chirs Watts has to go. He's getting really annoying now.

 

[mrktrend]

Obviously you are not a business man (never will) and don't know the meaning of the RISK of doing business. What's wrong with putting up a couple of thousand? Is that too much to ask for since you claimed before that you were making some serious money. Why are you so afraid?

Quote from Chris Watts:

you clearly missed the point of my message (which doesn't surprise me). firms should be asking prospective traders questions about trading strategy, experience, etc in the beginning....not how much money they can leach off of you.

 

[Chris Watts]

obviously, you come from a different background where firms have NO confidence in traders they bring in.

as surprising as it may be, but we've already found several interested parties that are willing to integrate our group into their outfits with no cap down. these are firms that KNOW what good traders are and we have all the paperwork to prove it.

Quote from sdtrader:



You are hilarious. Your missing my point. What is it you don't understand. That should be the FIRST question any firm should ask their traders. If you can't put up the money, then you obviously aren't worth the time. That is what got WorldCo on trouble in the first place. A bunch of under funded kids that didn't have a clue what they were doing, just churning and burning with negative capital accounts.
The reason you are asked to put up money is so you have a VESTED interest and a firm is just not wasting their time by simply adding volume with inexperienced traders.
If you have the EXPERIENCE and proven STRATEGY, then coming up with a freakn measly 10K should not be an issue.

 

[mrktrend]

I was just trying to be funny but since you've been rude to everyone so far. I have to say that why don't you get a life some where else.
Stealing??? Who's stealing whose money right now??? Worldco wants their assets back then give back the money. Fair trade don't you think?

Quote from Chris Watts:

This is such an idiotic idea. Are you that much of a cheap-o? Do you count pennies everynight before going to sleep? If you had a clue on how limited partnerships work, taking monitors or any properties would be considered "stealing"...as we're not entitled to such assets.

 

[axehawk]

Quote from I Missed Boat:



Damn! I'm sorry that you don't have money at Worldco. Hell, I'd have snuck the bat into the meeting for you this morning. But don't touch the monitors. Those are assets. I won't mention what I WOULD like you to do with the bat, but I think you can guess.

LOL!

I better not insuate anything else involving baseball bats. I don't want the NYPD showing up at my door....especially since I live in CANADA!

Axe

 

[Chris Watts]

are you THAT dense. can you read? i'm not saying putting up cap is wrong. i'm saying that if a firm is ONLY interested in your cap and not interested in the potential volume you can bring...they are a bunch of nickle and dimers. clearly, YOU are not a business man (never will). we've already got several offers NO CAP DOWN from various places based on our proven numbers. so, just go and try to squeeze out that $50 a day and shut up.

Quote from mrktrend:

Obviously you are not a business man (never will) and don't know the meaning of the RISK of doing business. What's wrong with putting up a couple of thousand? Is that too much to ask for since you claimed before that you were making some serious money. Why are you so afraid?