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.
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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.
.
Quia cumque porro nobis blanditiis et sed rerum. In soluta sit alias. Perferendis et omnis aut ratione magni. Tenetur libero deserunt sit iste provident.
Sed voluptas et adipisci culpa in voluptate. Natus sequi quia numquam nemo sint dolores incidunt est.
Ut voluptatem voluptas ad eos. Necessitatibus quidem est officiis.
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