I just received my k-1 today. It came from: Kaufmann, Gallucci & Grumer LLP One Battery Park Plaza 26th Floor New York, NY 10004
Well I have been in the business a while but i have always thought the term "piker" always had a negative connotation and simply referred to a...
First off, I trade at Worldco and I heard these rumors being spread around the office the past week. Are they true? I have no idea. I honestly...
If you are willing to put up capital, almost any firm will take you. It just becomes a matter of what firm you want to work for. Do some...
Chris, Just survey a couple of other team leaders as to what they feel is appropriate. Or ask Pierre the recruiter what he offers the newbies....
I agree. I work at Worldco and have many friends who work for Assent, Generic, and many other places and it's pretty much the same everywhere....
I think we agree for the most part. My main point though is that just about nearly all firms require capital upfront these days and that firms...
I agree with you somewhat. To make my points, let me just define .006 with 5k capital contribution as CASE A and .012 with no capital...
Correct me if I'm wrong, but don't most prop firms run this same exact model these days????
I know the branch mangaer as well back when he was in NY. I am pretty confident that management forced him to stop accepting traders with no...
This is an excellent point that should be made clear to newbies looking for info on different firms. Whether it be Generic, Assent, Worldco or...
And what makes you believe there are serious problems at Worldco??? There is so much BS all over these boards, sometimes you have to wonder who...
I would prefer that the moderator got rid of people like yourself first. :D
Just to show how unbiased I am, I'd have to agree with Mecro for the most part. Worldco as it is now, is geared more for experienced traders and...
You had no capital to pull out to begin with. No need to lie about that. And yes, the head of risk was an unfortunate victim of the layoffs....
How can we take your word for it? It's been proven that everything you write on these boards is a gross exaggeration or a flat out lie. LOL But...
If you were such a size trader, you should be able to make net. Being gross positive means nothing. You know what your commission rates are when...
The general rule they are(were?) using is that if a trader has a negative capital balance and he/she does not make $2000 gross(before commissions...
Ditto everything SIZEUP wrote. This summarizes my experiences at Worldco perfectly. Don't expect red carpet treatment when you first come to the...
Worldco is still hiring but only if you put up at least 5k. If you are a profitable trader then you should have nothing to worry about. The firm...
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