Altrion Trading Group
I was wondering if anyone could shed some light on Altrion Trading Group. Looks like they are based out of San Francisco. Any experiences / interviews would be beneficial.
Haven't heard anything about it and not sure if its one of these prop firms where you put up your own capital or if its actually a legitimate shop.
Thanks for you help!
chop shop
heard its okay / chop shoppy -- dont know if id recommend without having prior trading experience
Thanks for the feedback, are there any Prop firms located in San Francisco (along the lines of FNY, Group One, SIG, etc) that anyone would recommend?
cutler group
Thanks Zalfor, any more suggestions on reputable Prop firms located in San Francisco (along the lines of FNY, Group One, SIG, etc)?
err dont think so at least not much.. most of them are in chicago or nyc... san fran=tech, nyc=finance, houston=energy, chicago=options
Do you know of any in the Chicago area that would be willing to train an inexperienced trader? A person I know dropped out of school and got a position at a firm and is now very successful...I graduated with a marketing degree but I am so depressed with my dead end job!
get a masters in a quantitative math/finance area from a top school and sure :]
@ Thermo
Peak 6 www.peak6.com , their market makers in SF. Alterion will want for you to pay to play.
@soccerjaw
http://www.proptraders.net/directory-of-proprietary-trading-firms-usa/ , happy hunting!
Hello soccerjaw,
You raise a very serious concern that I might be able to shed some light on for you. I did A LOT of research on Prop Shops and they are a great way to be successful but be careful...no 2 prop shops are crated equal!
I heard stories about high school drop outs joining one, I heard college graduate joining one, and I heard Masters/PhD joining one... you have to understand something. The ONLY reason you are trading for a prop shot is to MAKE them money!! Of course you want to make money too, the only thing I hate about trading is that you need to spend money to make money (then again I LOVE this concept because you make your dollar work for you). That is why new traders start out they only make 5 figures on year, next year they make 6 figures, and by year three they make 7 figures. All they do is reinvest their profits...understand this!
Now a prop shop will let you trade their capital (the COMPANY'S capital), allowing you trade 1million+ with the first year (if you make it that far that fast). That is a CRAZY return on your salary! The idea with prop shops is if you can make them money, they are more then happy to sign you up! Its the ONLY industry where I can see the employer have their best interest in you!
The "good" prop shops will have a very detail training program, because if you cant trade then they cant make money. Thats the best thing about these shops is that you do not need to have trading experience (because they will teach you how to trade) but having trading experiences HELPS TREMENDOUSLY! By submitting your trading account reports is consider your resume!
Remember you do not need to be profitable in your own account but only show them that you are CONSISTENT! I been focused on FOREX Prop Shops and all of them require you to "show" them that you are learning their material by trading paper money for a few months (mostly 2) before they let you start trading their capital. When you start to trade their capital they only give you a small taste of it until you show them you can make money. Most shops will have some kind of scaling in system for how much money you will be trading for them!
The only REAL homework you need to do is to understand what Prop Shop you want to join...
Here is a article that is HIGHLY valuable, heck read the guys whole blog! http://traderfeed.blogspot.com/2006/11/how-can-i-join-trading-firm.html
-Ucoa
Thanks for the info, I will take a look at the blog you suggested.
hey ucoa you don't happen to be a nigerian prince do you?
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