The Real Deal

Dogs barking again next door, so I've been up for a bit. Searching jobs on Monster.com has me come across this one:


Our Trading Company is in search of experienced Equity Traders who want:
Low Rates per share traded
High Commission Percentage
Improved Stock Buying Power
Exceptional Equity Trading Technology


Company Description:
Our company specializes in providing trading services and access to trade execution technology for the trading of NASDAQ securities. Company has been in business in New York for 8 years. We are currently expanding operations in Philadelphia PA and Knoxville TN.


Essential Job Functions:
Our company is currently offering opportunities in the trading of NASDAQ securities. This is a non-salaried position. Trader compensation is based on one’s individual profitability. The company has designed a performance based payout structure with the aim of benefiting traders. Compensation is tied directly to performance with skills and ability being rewarded accordingly. With hard work and dedication, a trader can prosper. Our company provides access to state of the art technology in order to maximize trading opportunities.

If you are highly motivated, focused, and interested in working in a competitive environment that offers high earning potential, we invite you to explore a career with us.


Position Requirements:
BA/BS degree required
1-2 years of trading experience required
Finance/Math background a plus


This job is the total badass job. You are a stock trader...NO salary at all, did you read that...This is all about hardcore trading stocks for 6+ hours a day. The even crazier thing about the job, for you non-stock people out there, is if a person takes this job, they have to PAY money to the firm to actually get the job...It goes like this, say you give them $10k, then they will give you $100k to trade on. But as soon as you lose a certain percentage of that $100k, you are gone, along with your money. But if you are good and make money, they take a cut, but you keep the rest.

Ahh, good ol' day trading at it's best.

Let's see if any of my questions I asked them get answered:

-Can you break down the costs involved ie, how much money does a person bring to the table to get in?

-How great is the leverage, 10-1, or less?

-How much per trade?

-Any cost per day/month for using the desk/research/technology you provide?


Any one know who Ronski-Speed is?
Their live show at Sputnik is phenomenal. Super-positive trance, great for 6am listening.