The firm can have great risk management, but you can't avoid all loses. there will also be the trader that does something risky. things move in flash of of an eye and stocks do get halted. people get into scam stocks, etc. Every firm takes loses. Having the smaller accounts is usually riskier than maintaining larger accounts statistically speaking.
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Wts Proprietary Trading Group, Llc
- Thread starter LCFXTRADER
- Start date
The firm can have great risk management, but you can't avoid all loses. there will also be the trader that does something risky. things move in flash of of an eye and stocks do get halted. people get into scam stocks, etc. Every firm takes loses. Having the smaller accounts is usually riskier than maintaining larger accounts statistically speaking.
I don't want to offend someone but I spoke with the owner a french guy name jean luc.
He told me he has a market specialist on the FLOOR call John ?
I found later that John and Brian were the same person.
Is it that Brian, Derek ?
At TWS it is simple they need people with little money to "play rebates" at their shop on a list of stocks (bac, C, Sprint, BSX, ...) to "noised" the market and make VOLUME since these people act pretty randomly.
The course and the deposit that's for paying 2 or 3 persons that are having a fixed pay cheque. The Fees on Ecn, heavy sec fees that's for what they called "risk".
He told me he has a market specialist on the FLOOR call John ?
I found later that John and Brian were the same person.
Is it that Brian, Derek ?
At TWS it is simple they need people with little money to "play rebates" at their shop on a list of stocks (bac, C, Sprint, BSX, ...) to "noised" the market and make VOLUME since these people act pretty randomly.
The course and the deposit that's for paying 2 or 3 persons that are having a fixed pay cheque. The Fees on Ecn, heavy sec fees that's for what they called "risk".
The dummies traders who are paying a deposit, a course and for trading monthly fees, Ecn fees... are essentials. They want to keep them as long the can to create liquidity on their trades.
All they monitored this activity/and the market so their 5 reals traders out of... can break the levels, get liquidity on a stock at the right moment they want.
All they monitored this activity/and the market so their 5 reals traders out of... can break the levels, get liquidity on a stock at the right moment they want.
Quote from octsa:
At TWS it is simple they need people with little money to "play rebates" at their shop on a list of stocks (bac, C, Sprint, BSX, ...) to "noised" the market and make VOLUME since these people act pretty randomly.
The course and the deposit that's for paying 2 or 3 persons that are having a fixed pay cheque. The Fees on Ecn, heavy sec fees that's for what they called "risk".
that's how you start n00bs. their training is free. minimum is $1500 for 50k BP.
it's a good deal for n00bs. If you want to be a profession trader, there are fees involved. Stick to retail accounts and 4:1 leverage if the fees are excessive.
Evotrader if you want to get a real job, at least don't forget to erase TWS from your CV if your goal is to become a trader for a real company.
No real Financial company will hire you if you describe WTS as your trading experience on your cv. Not to mentionned ecn/level 2/ rebates and darkPooL secret sauce described to you as "only" for wts tssss.
I talk by experience don't put any people from wts in your references.
No real Financial company will hire you if you describe WTS as your trading experience on your cv. Not to mentionned ecn/level 2/ rebates and darkPooL secret sauce described to you as "only" for wts tssss.
I talk by experience don't put any people from wts in your references.
Ok. Prop trading IS NOT A JOB. Of course you don't list it on your resume. would you list etrade ? You list yourself an as "independent trader"... Anyone who thinks prop trading is a "job" is sadly mistaken. Prop firms provide access to products and services geared to professional investors (in this case, day traders), they don't sell jobs.
It doesn't matter where you trade octsa, track records speak for themselves. who cares where you traded? it's about your ability to perform and your track record, especially when seeking professional investors. You need a documented successful strategy, not a resume with a fancy name on it if you are looking for a independent career.
It doesn't matter where you trade octsa, track records speak for themselves. who cares where you traded? it's about your ability to perform and your track record, especially when seeking professional investors. You need a documented successful strategy, not a resume with a fancy name on it if you are looking for a independent career.
Quote from octsa:
Evotrader if you want to get a real job, at least don't forget to erase TWS from your CV if your goal is to become a trader for a real company.
No real Financial company will hire you if you describe WTS as your trading experience on your cv. Not to mentionned ecn/level 2/ rebates and darkPooL secret sauce described to you as "only" for wts tssss.
I talk by experience don't put any people from wts in your references.
I completely disagree. If you are successful then definitely put your prop firm on your resume. So much goes into being a successful trader that can transfer to numerous positions in the financial industry. Technology, discipline, ROI, strategy developement, Risk management, etc etc.... Be smart and bullshit. Its easy to make prop trading look glamorous on your resume.
The same skill set translate to trading with a bank. I have many friends who left prop to go trade for a bank. Its all about spinning why you want to transfer from prop to trading desk. And what skills you are bringing to the table that will seamlessly integrate into the new trading job.
The same skill set translate to trading with a bank. I have many friends who left prop to go trade for a bank. Its all about spinning why you want to transfer from prop to trading desk. And what skills you are bringing to the table that will seamlessly integrate into the new trading job.
http://www.workopolis.com/EN/job/13...Indeed&utm_medium=organic&utm_campaign=Indeed
Equity Day Trader,
WORLD TRADE SECURITIES
Montreal, QC, CANADA; Montreal-East, QC, CANADA; Montreal-North, QC, CANADA; Montreal-West, QC, CANADA
Posted Jan 3, 2012
5 Position(s)
World Trade Securities
WTS is an industry leader in proprietary trading at the cutting edge of the financial industry. Expanding from 700 traders in 2008 to over 3000 traders in 2012, we are one of the fastest growing trading firms in the world.
Located in the heart of the beautiful Old Port area of Montreal, 5 minute walk from metro Place-d'Armes
Casual work atmosphere and dress code
No deposit required. Trade the company's capital
Unlimited earning potential
A choice of 4 of the most advanced trading platforms available
Access to NYSE, NASDAQ and AMEX markets, amongst others.
Access to a vast array of ECNs, dark pools and smart routes
Opportunity to trade remotely in the future
Learn from some of the best traders in the world
We are now recruiting motivated individuals to join our Montreal trading floor. While we do accept experienced traders, no previous experience is required. Selected candidates will go through a proven training program to learn the fundamentals of high frequency, intra-day trading. With daily classroom training and one on one mentoring during and after the training program, our traders learn an array of proven and profitable techniques while simultaneously retaining the freedom to customize and develop their own trading strategies.
At the completion of the training program, you will immediately be allocated a portion of the firm's capital to begin your career as a trader. This capital allocation is reviewed on a daily basis, allowing for the rapid development of new traders while rewarding all traders who demonstrate consistent profitability.
Eligible candidates will:
Have a passion for the stock market.
Be self-motivated and focused.
Have strong mathematical, analytical and problem-solving skills.
Be able to quickly adapt to a constantly changing market.
If interested, please send your CV along with a Cover Letter describing why you would like to become a day trader.
Equity Day Trader,
WORLD TRADE SECURITIES
Montreal, QC, CANADA; Montreal-East, QC, CANADA; Montreal-North, QC, CANADA; Montreal-West, QC, CANADA
Posted Jan 3, 2012
5 Position(s)
World Trade Securities
WTS is an industry leader in proprietary trading at the cutting edge of the financial industry. Expanding from 700 traders in 2008 to over 3000 traders in 2012, we are one of the fastest growing trading firms in the world.
Located in the heart of the beautiful Old Port area of Montreal, 5 minute walk from metro Place-d'Armes
Casual work atmosphere and dress code
No deposit required. Trade the company's capital
Unlimited earning potential
A choice of 4 of the most advanced trading platforms available
Access to NYSE, NASDAQ and AMEX markets, amongst others.
Access to a vast array of ECNs, dark pools and smart routes
Opportunity to trade remotely in the future
Learn from some of the best traders in the world
We are now recruiting motivated individuals to join our Montreal trading floor. While we do accept experienced traders, no previous experience is required. Selected candidates will go through a proven training program to learn the fundamentals of high frequency, intra-day trading. With daily classroom training and one on one mentoring during and after the training program, our traders learn an array of proven and profitable techniques while simultaneously retaining the freedom to customize and develop their own trading strategies.
At the completion of the training program, you will immediately be allocated a portion of the firm's capital to begin your career as a trader. This capital allocation is reviewed on a daily basis, allowing for the rapid development of new traders while rewarding all traders who demonstrate consistent profitability.
Eligible candidates will:
Have a passion for the stock market.
Be self-motivated and focused.
Have strong mathematical, analytical and problem-solving skills.
Be able to quickly adapt to a constantly changing market.
If interested, please send your CV along with a Cover Letter describing why you would like to become a day trader.
Quote from octsa:
The dummies traders who are paying a deposit, a course and for trading monthly fees, Ecn fees... are essentials. They want to keep them as long the can to create liquidity on their trades.
All they monitored this activity/and the market so their 5 reals traders out of... can break the levels, get liquidity on a stock at the right moment they want. [/QUOTE
Wrong wrong wrong..... Lets see. The top 5 traders make a million plus and the dummies break even at best with their 10k deposit. Probably trade in 1 -200 share lots. And the REAL traders just sit and wait to grab those shares once the LEVELS have been broken....?
It doesnt make sense and I know for a fact this is not true. Maybe you got Goldman front running your trades at the very top level but not prop firms.....
Quote from LCFXTRADER:
Why would this firm ask for finger prints? Do all prop firms have this requirement? I had to do this for my current position at my company, but I had no idea it would be needed for trading.
If you're going to work for a FINRA registered Firm, you'll be getting your fingers dirty with ink for the card. It is what it is. I applied to a prop Firm recently that only has one fingerprint card, which was nice.
When I was going to work for Mother Merrill (a few years ago), I had to do three fingerprint cards. That was when the NASD had their own rules, but none the less, with a FINRA Firm you'll have your prints rolled.