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Old 06-17-2007, 12:48 PM
tippy tippy is offline
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Join Date: Jun 2005
Posts: 272
Default Re: Should I apply to work for Kershner Trading Group???

First, you will have to obtain a Series 7. Second, this job has no salary and you only get a percentage of the profits that the firm makes. If the firm has a down month, you get nada.

The real problem with these firms is that you trade only according to their software and the signals produced by that program. There is no creativity. It is a mindless, preprogrammed strategy and you are moreless a monkey hired to execute the canned strategy. Your success depends on the quality of the trading program, and nearly zero on your own knowledge and skill. Incredibly boring and not always profitable. These canned strategy software programs rarely catch the best opportunities, but rather go for the high volume minimal edges.

I trade for a living and can tell you that you would be better off getting a generic trading platform, scrape up 30k and go at it on your own. At least you get to actually make some money this way.
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