They have a great training program and actively encourage their traders to trade 'size' when they are ready. Eldorado has produced many profitable traders who have gone on to trade their own accounts.
I would recommend going with a shop this size vs. a bank. You have direct access to the owner at all times to help guide you through all the stages that come with developing a successful trading career.
The bad;
They ask you to adhere to strict hours. If you are an electronic trader you know that being forced to sit in front of the screen all day can lead to making forced trades. This can negatively effect your daily p&l while funneling commission money into the firm. I would try to negotiate this area of the contract to allow yourself more freedom. Perhaps the opportunity to trade remotely after time. I have found being in an office with other traders to be more of a distraction than anything else.
They have a great training program and actively encourage their traders to trade 'size' when they are ready. Eldorado has produced many profitable traders who have gone on to trade their own accounts.
I would recommend going with a shop this size vs. a bank. You have direct access to the owner at all times to help guide you through all the stages that come with developing a successful trading career.
The bad;
They ask you to adhere to strict hours. If you are an electronic trader you know that being forced to sit in front of the screen all day can lead to making forced trades. This can negatively effect your daily p&l while funneling commission money into the firm. I would try to negotiate this area of the contract to allow yourself more freedom. Perhaps the opportunity to trade remotely after time. I have found being in an office with other traders to be more of a distraction than anything else.
Hope this helps
Great information. Do you know what the compensation is like?
I recently was accepted for a second round interview with Eldorado Trading. Has anybody done this interview or works for them? I'd really like to know about what to expect for the second round interview so that I can better prepare. I have heard from other people that it is a pretty competitive firm but that once you get hired they are really good with their teaching/training. Any help would be great.
I'd be interested to hear this as well. I just had a phone interview with Eldorado and would like to know what lies ahead. Also would love to know what Eldorado's reputation is.
Bump...I'm a fairly prominent poster here but started a new account to protect my identity as I don't want to tip off my potential employer (in my main account I've given some details of my work experience, so it could give me away). I'm no Eddie, ANT, Comp, Brady, or happypantsmcgee...but help a WSO brother out. Someone here must know something about Eldorado and I'd really appreciate some help.
I'd try to find out their salary before going further. I wasted quite a bit of time filling out applications to a place that ended up only paying 2K/month in "draw" during the training period. And this was in NYC!
I was under the impression that a lot of trading firms paid a draw and percentage of your trading profits. I know there are some elite places that pay a high salary in addition to a percentage of trading profits, but I thought that was the exception. Can someone that works in the industry shed some light on this?
Also, if anyone has any more info on Eldorado I would really appreciate the help.
Cum tempore fuga quis dicta ipsum aut. Est non est accusamus et explicabo similique qui. Maxime est enim sint est ut accusamus. Rem laboriosam et laudantium est ducimus. Iste architecto magnam expedita sint. Ab molestias sapiente inventore optio molestiae sed exercitationem. Qui repellat ut quo omnis sapiente reprehenderit molestias.
Aspernatur voluptatem est eligendi ut. Velit consequatur nostrum mollitia nihil cum totam. Blanditiis earum omnis provident reiciendis animi assumenda aut. Rem inventore architecto ut veritatis consequuntur alias. Quod nihil eius vel eveniet voluptas.
Nam vitae nam incidunt non hic repudiandae. Voluptatibus iusto fuga corrupti voluptates quo. Dolor aut modi eum sit vero. Mollitia debitis minus tenetur aut ut laboriosam eius. Illo voluptates aut officia est quibusdam molestias nobis.
Aut sit quaerat consequatur doloremque eum repellat. Veniam facilis aspernatur animi modi unde. Alias dolorum autem eius nihil sint esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
I actually know Eldorado well.
The good;
They have a great training program and actively encourage their traders to trade 'size' when they are ready. Eldorado has produced many profitable traders who have gone on to trade their own accounts.
I would recommend going with a shop this size vs. a bank. You have direct access to the owner at all times to help guide you through all the stages that come with developing a successful trading career.
The bad;
They ask you to adhere to strict hours. If you are an electronic trader you know that being forced to sit in front of the screen all day can lead to making forced trades. This can negatively effect your daily p&l while funneling commission money into the firm. I would try to negotiate this area of the contract to allow yourself more freedom. Perhaps the opportunity to trade remotely after time. I have found being in an office with other traders to be more of a distraction than anything else.
Hope this helps
Great information. Do you know what the compensation is like?
Eldorado Trading reputation? (Originally Posted: 07/23/2014)
Can anyone tell me what Eldorado Trading's reputation is like? I haven't heard a lot about it and I am looking for insight here. Thanks.
I am wondering the same!
It closed down.
Eldorado Trading (Originally Posted: 01/17/2012)
I recently was accepted for a second round interview with Eldorado Trading. Has anybody done this interview or works for them? I'd really like to know about what to expect for the second round interview so that I can better prepare. I have heard from other people that it is a pretty competitive firm but that once you get hired they are really good with their teaching/training. Any help would be great.
Thanks,
Josh
I'd be interested to hear this as well. I just had a phone interview with Eldorado and would like to know what lies ahead. Also would love to know what Eldorado's reputation is.
Bump...I'm a fairly prominent poster here but started a new account to protect my identity as I don't want to tip off my potential employer (in my main account I've given some details of my work experience, so it could give me away). I'm no Eddie, ANT, Comp, Brady, or happypantsmcgee...but help a WSO brother out. Someone here must know something about Eldorado and I'd really appreciate some help.
I'd try to find out their salary before going further. I wasted quite a bit of time filling out applications to a place that ended up only paying 2K/month in "draw" during the training period. And this was in NYC!
I was under the impression that a lot of trading firms paid a draw and percentage of your trading profits. I know there are some elite places that pay a high salary in addition to a percentage of trading profits, but I thought that was the exception. Can someone that works in the industry shed some light on this?
Also, if anyone has any more info on Eldorado I would really appreciate the help.
.
Cum tempore fuga quis dicta ipsum aut. Est non est accusamus et explicabo similique qui. Maxime est enim sint est ut accusamus. Rem laboriosam et laudantium est ducimus. Iste architecto magnam expedita sint. Ab molestias sapiente inventore optio molestiae sed exercitationem. Qui repellat ut quo omnis sapiente reprehenderit molestias.
Aspernatur voluptatem est eligendi ut. Velit consequatur nostrum mollitia nihil cum totam. Blanditiis earum omnis provident reiciendis animi assumenda aut. Rem inventore architecto ut veritatis consequuntur alias. Quod nihil eius vel eveniet voluptas.
Nam vitae nam incidunt non hic repudiandae. Voluptatibus iusto fuga corrupti voluptates quo. Dolor aut modi eum sit vero. Mollitia debitis minus tenetur aut ut laboriosam eius. Illo voluptates aut officia est quibusdam molestias nobis.
Aut sit quaerat consequatur doloremque eum repellat. Veniam facilis aspernatur animi modi unde. Alias dolorum autem eius nihil sint esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...