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Old 06-17-2007, 10:26 AM
MaxWeiss MaxWeiss is offline
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Location: Henderson, NV
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Default Should I apply to work for Kershner Trading Group???

Cliff's Notes at bottom:

Along with all the rakeback and porn advertisements on 2p2, one time I saw an ad for some company called Kershner Trading, which had, when the link was up:

[ QUOTE ]
“Good poker players have many of the essential skills that contribute to trading well; taking, identifying and managing risk, “folding” losers and maximizing winning hands.”

We are convinced that statement is true and are actively recruiting successful poker players to join our firm and trade equities.

[/ QUOTE ]

I just graduated last month and have been playing 2-5 NL on the weekends for a few months, and playing 1-2 and home games and small stakes online for years. I am doing fine, but HAVING to play for monies now that I am out of school sucks the life out of poker and I am losing emotional stability and don't think I can continue as a winnar if I keep it up. (I hate playing online, and it makes my wrist hurt, although the porn might be a part of that as well.) Does that mean trading stocks in front of a computer might also burn me out??

Should I look for something that's totally unrelated to gamboooling?? My roll/savings is at $15K and I have 1K-1500 in expenses every month so I'm ok for a while, while I figure it out.

Also, if I even apply, will they take me??? I have a degree in film, but have been studying advantage play and gambling for six years, winning at poker for three years, and studying stocks for like a year. And the only thing close to a job I've had was as a teaching assistant, for half a semester. So I basically have no qualifications other than interest, self-taught stuff, and two consecutive years making 14% or more (14.8% last year) in two in a half months on CNBC's Portfolio Challenge.

So yeah, I have no experience, a useless degree, and I love all things related to gambling/investing. Is that enough??? Even if it is, should I work there??? Would I like it??

Or should I just refresh on counting cards and shuffle tracking, so I have another game to play when I start to feel myself slipping at the poker table??
\

Cliff's Notes: Thinking of applying to work for these guys. Good idea or bad idea?? Even if it's a good idea, do you think they'd hire me??
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Old 06-17-2007, 11:45 AM
Tweety Tweety is offline
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Default Re: Should I apply to work for Kershner Trading Group???

I think it's worth a shot. This place obviously isn't Goldman Sachs or anything, but if you don't like it you can always quit and go try something else.

If it's like a lot of daytrading operations, there may be no base salary and/or no real benefits other than trading materials and trading capital.

If you're really interested in a serious trading career, my advice would be to move to NYC or Chicago and get an entry-level job at a large, reputable financial firm with a good training program.
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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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